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-chainVoting type
single-choice
Votes
660,242,890
Final Votes
closed
For
660.2M veSPA
100%
Against
16.5K veSPA
0%