This proposal, if approved, will:
- transfer
78,894 HOLLAR from MM Treasury to the main Treasury (these are from repaid HOLLAR interest)
- swap
16,500 DOT for GDOT
- "stop"
41 historic Omnipool farms (the vast majority ran out of rewards long ago)
- create
6 new global farms
- create
6 new yield farms (both global + yield needed to incentivise an asset)
All ongoing Omnipool farms will stop at the same time as the following new farms are live:
- tBTC - up to
22% APR - paid in atBTC
- GETH - up to
22% APR - paid in GETH
- GSOL - up to
22% APR - paid in GSOL
- aDOT - up to
22% APR - paid in GDOT
- PAXG - up to
22% APR - paid in aPAXG
- HOLLAR - up to
22% APR - paid in HOLLAR
This follows successful execution of referenda 316 + 317 - and combined activate the next 6 months of incentives for liquidity provision on Hydration.
These are paid out of Hydration POL including Supply & Borrow and HOLLAR revenues - we have tried to balance the needs for essential levels of liquidity with a desire to scale back on overall protocol costs. Another referendum will follow to replenish the above assets from Treasury DOT and Supply & Borrow Treasury assets, once they land in the Treasury from referendum 317.
Thank you for your attention to this matter.