This proposal, if approved, will fund the second wave of Polkadot Hydration liquidity incentives!
The proposed farms take into account the analysis from Giraffe and the subsequent discussion in https://hydration.subsquare.io/posts/207 - as well as other interactions with token holders in discord, telegram & on X.
The second wave will include the same total 191,222 vDOT and 49,229,167 HDX from the first wave - however, there are changes to their distribution amongst the farms. Due to time constraints and to avoid existing farms from running out of incentives, I will request that this proposal is fast tracked to 2.5 days of voting and will follow up in the coming days with 2 new farms that couldn't be included in this batch.
This specific proposal can be summarised as follows:
- USDT & USDC 2-pool farm remains as per the first wave
- iBTC & WBTC 2-pool farm remains as per the first wave
- DOT farm remains as per the first wave
- vDOT farm remains as per the first wave
- CFG rewards are reduced to
69% (nice) of the first wave
- ASTR rewards are increased by
75%
- GLMR rewards are increased by
25%
- INTR rewards are reduced to
50% of the first wave
- BNC rewards are reduced to
80% of the first wave
- PHA rewards are increased by
100%
- KILT rewards are reduced to
50% of the first wave
A second proposal will follow in the coming days to set up 2 new farms:
The above changes are intended to divert rewards from less successful farms from the first wave, into the most successful.