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

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

New farm launch and gauge additions of USDC/USDs UniswapV3.
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

start

September 25, 2023

12:07 PM

end

September 28, 2023

12:07 PM

Voting

off-chain

Voting type

single-choice

Voters

2,042

Votes

660,242,890

Final Votes

closed

For

660.2M veSPA

100%

Against

16.5K veSPA

item label

Placeholder title of a dao proposal

DAO name

0x000000000000

Mon 00, 2024 00:00

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Voters

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TICKER

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