Link to this Snapshot: Snapshot
Prolong the incentives for sETH2/ETH, sETH2/rETH2 and sETH2/SWISE pools on Uniswap V3 for 30 days (199385 blocks):
- 2,500,000 SWISE goes to the sETH2/ETH pool (0.3% fee)
- 500,000 SWISE goes to the sETH2/rETH2 pool (0.05% fee)
- 500,000 SWISE goes to the sETH2/SWISE pool (0.3% fee)
Total SWISE allocation towards liquidity mining campaigns in the following month: 3,500,000 SWISE
A few changes to note from the previous month’s vote. We propose to reduce the SWISE emissions to the main sETH/ETH pool from 5M to 2.5M SWISE.
The APR in this pool over the past 4 weeks has been excessively high, ranging from 35% to over 100% at times. This has been due to a couple of factors:
- The recent volatility in sETH2 has caused a lot of LPs to fall out of the price range.
- LPs removed liquidity during the market downturn to de-risk, causing the pool TVL to drop.
We as a team are in the process of constructing a longterm liquidity plan for our staked ETH to ensure we provide first class liquidity during and after the Merge. We will be sharing our suggestions for liquidity in the coming weeks. In the meantime, we feel it is important to save the DAO some SWISE during this period of market uncertainty.