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SIP-54: Launch USDC-USDs farm and add it to the SPA Gauge, reallocate bribes

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Sperax by 0xf005329d4E8CD0D4f908542289Fca04960AB49FF on
September 25, 2023, 12:07 PM

Author: Sperax Core Team Reference: Sperax docs Created: September 21, 2023 Labels: #Liquidity-Mining

Summary

The Sperax Core team proposes

  • To launch a new Demeter farm that is USDC/USDs UniswapV3
  • Add USDC/USDs farm to Gauge
  • Reallocate bribes between all USDC and USDC.e farms.

Motivation

We have observed a good demand for LP opportunities with USDC along with USDC.e on Arbitrum. Hence, we plan to launch a new Demeter farm i.e. UDSC/USDs UniswapV3. We propose to add this farm to the SPA Gauge.

Bribe Reallocation

Currently, both the USDC.e/USDs farms on Camelot and Uniswap are bribed with 54792.85 SPA tokens each per week. We propose to split the bribe amount i.e. 109585.7 SPA tokens, equally among USDC/USDs UniswapV3, USDC.e/USDs UniswapV3 and USDC.e/USDs CamelotV2.

Specifications

  1. New farm launch and gauge additions of USDC/USDs UniswapV3.
  2. Reallocation of bribes to equally split it between all the USDC Gauges. Each of USDC/USDs UniswapV3, USDC.e/USDs UniswapV3 and USDC.e/USDs CamelotV2 will be bribed with 36528.56 SPA token every week.

Voting:

For: Launch the USDC-USDs farm and add it to the SPA Gauge, reallocate bribes Against: Don't launch the farm

Warning

Exercise caution when exploring DAO proposals. Proposals can be submitted by any member of the community so there's an inherent risk of encountering scams or deceptive links. Always critically assess the validity of each proposal and its links before taking action.
start
September 25, 2023
12:07 PM
end
September 28, 2023
12:07 PM

Voting type
single-choice
Votes
660,242,890

Final Votes
closed

For
660.2M veSPA
100%
Against
16.5K veSPA
0%