Skip to content

Commit

Permalink
Create TIP-131.md
Browse files Browse the repository at this point in the history
  • Loading branch information
svenskafr authored Mar 6, 2023
1 parent 7622d42 commit 2bfb7f7
Showing 1 changed file with 44 additions and 0 deletions.
44 changes: 44 additions & 0 deletions TIPs/TIP-131.md
Original file line number Diff line number Diff line change
@@ -0,0 +1,44 @@
| id | Title | Status | Author | Description | Discussions to | Created |
| ----------- | ----------- | ----------- | ----------- | ----------- | ----------- | ----------- |
| TIP-131 | Extend LP Incentives on Optimism | Draft | Svenska (@svenskafr) / Milkywave | Extension of LP Incentives on Optimism | https://discord.gg/thales | 2023-03-06


## Simple Summary

Extend current LP incentives program on Optimism.

## Abstract

This TIP proposes to extend our current incentives program on Arrakis for THALES-WETH pool and bribes to Velodrome THALES-USDC and THALES-WETH pools.

Reward structure would stay as:

- Arrakis THALES/WETH pool incentives: 3,000 OP + 30,000 THALES per week
- Velodrome THALES/USDC pool bribes: 8,000 THALES per week
- Velodrome THALES/WETH pool bribes: 8,000 THALES per week

These emissions are to run **until further revaluation**.

## Motivation

Current ratio of incentives between Arrakis Uniswap wrapper and Velodrome provides a healthy and comfortable distribution of on-chain liquidity.

## Specification

This TIP entials the Thales Protocol DAO and Treasury DAO to facilitate the following emissions:

- Arrakis Thales/WETH rewards - 3,000 OP + 30,000 Thales per week
- Velodrome Thales/WETH bribes - 8,000 Thales per week + 50% veVELO NFT vote
- Velodrome Thales/USDC bribes - 8,000 Thales per week + 50% veVELO NFT vote

Bribes collected through voting in Velodrome are to be compounded into both pools weekly along with the claim of the veVelo rebase.

The incentives in this proposal are to be valid **until further revaluation** from implementation.

## Implementation

n/a

## Copyright

Copyright and related rights waived via CC0.

0 comments on commit 2bfb7f7

Please sign in to comment.