This proposal is part one of THREE referenda that will make relevant changes to the ongoing Polkadot Hydration farms including a 1 month top-up, adjustments to some of the existing farms and the launch of two NEW farms. If approved, together the three referenda will:
Maintain existing APR on:
- USDC/ USDT 2-Pool
- DOT
- vDOT
- ASTR
- GLMR
- BNC
- PHA
- MYTH/ DOT
Adjust APR on:
- CFG - reduce yield per period by 25%
- INTR - no further rewards, farm to close once current rewards run dry
- KILT - reduce yield per period by 50%
- vASTR - reduce yield per period by 50%
Launch new farms:
- tBTC - up to 200% APR, targeting 30% APR on $2,222,222 liquidity
- AAVE - up to 250% APR, targeting 25% APR on ~$1M liquidity
This first referendum must execute first, and transfers vDOT & HDX to the relevant farms listed above (excluding vASTR, INTR & the new farms).
The second referendum will create the AAVE & tBTC new global farms and adjust parameters of CFG, KILT & vASTR.
The final referendum will create the yield farms for AAVE & tBTC (vDOT & HDX) and they will be live.
The referenda will be staggered to ensure that they execute in this order based on track lengths & support curves :D
Are the tBTC and AAVE farms going to be of the 2-pool design ?