RFC: ShUIP/Liquidity Mining for SHELL Pool

TITLE

OVERVIEW

Proposal Title: Liquidity Mining for SHELL and strSHELL Pools Author(s): Cairo Smith
Category: ShUIP Related Discussions:

DETAILS

Summary:
Allocate 1,000 SHELL per day from the DAO treasury to SHELL+ETH pool liquidity mining rewards for 100 days.

Link to Transaction Payload PR:
N/A

Motivation:
To increase SHELL+ETH liquidity through incentivization.

Vision:
LPs in SHELL+ETH will be rewarded with a fixed amount of 1,000 SHELL each day, distributed proportionally to LP token holders. This will encourage LP, benefiting all.

Specification:

Allocate 100,000 SHELL total as rewards.
Rewards are distributed to LPs every month.

Benefits (Pros):

More liquidity and price discovery.
Rewards for LPs.

Downside (Cons):

DAO expenditure.
IL risk for LPs.

Overall Cost:
100,000 SHELL and marginal administrative costs for Cowri.

Timeline:
1,000 SHELL per day earned proportionally by SHELL+ETH LPs from February 27 to June 6, 2024. This means that some of the rewards will be retroactively applied, if the vote passes.

VOTING OPTIONS

Abstain: Neutral stance contributing to quorum.

No: Opposes allocating SHELL for rewards as written.

Yes: Supports the rewards program as written.

start

February 28, 2024

8:39 PM

end

March 9, 2024

8:39 PM

Voting

off-chain

Voting type

basic

Voters

118

Votes

24,846

Final Votes

closed

For

24.8K veSHELL

99.96%

Against

0.5 veSHELL

Abstain

10.3 veSHELL

0.04%

item label

Placeholder title of a dao proposal

DAO name

0x000000000000

Mon 00, 2024 00:00

About Voters Analytics

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Voting

100,000

Voting type

100,000

Starts in

100,000

Voters

1,000,000

Votes

1,000,000

Votes

Choice label

TICKER

100%

Choice label

TICKER

100%

Choice label

TICKER

100%