Author(s): Sperax Core Team
Reference: Demeter 2.0, LTIPP, Incentives
Created: June 20th, 2024
Summary
The proposal aims to close down old Demeter farms.
Motivation
The old Demeter farms or Demeter 1.0 farms managed by the sperax team should be closed down because
- Demeter 2.0 farms have better rewards
- Users can switch liquidity without having to go with the cooldown period
Overview
The sperax currently manages 5 farms on Demeter 1st version which are mentioned below.
| Farm | Address |
|---|---|
| USDC/USDs Uniswap v3 | 0xF6EE4989D8e6B7C316E10cCe7A3e6D596f3A5F3C |
| USDs/USDC.e Uniswap v3 | 0x17EbdD5Eae0c56d251BF617536643916EA2F4c7b |
| USDs/USDC.e Camelot | 0x4073D8479D67851Ae90332d6600d6BF1211703ee |
| SPA/USDs Camelot | 0x50f37e7d81f6d24e1ee9fb252dbbc337f54438e6 |
| SPA/USDs Uniswap v3 | 0xeBc45B3b23A3Bae76270A51f7196e55Cba843CAB |
The farm rewards are governed through SIP-58. We propose to close the SPA/USDs Camelot and SPA/USDs Uniswap v3 farms right away and close the other 3 farms by the 10th of September. The reward rates will be as per SIP 58 until all farms are closed
Technical Specifications
- Close SPA/USDs Camelot and SPA/USDs Uniswap v3 right away
- Close USDC/USDs Uniswap v3, USDs/USDC.e Uniswap v3 and USDs/USDC.e Camelot by September 10th
Voting
For: Approve SIP 64
Against: Reject SIP 64[quote=“Sperax, post:1, topic:1242, full:true”]
Author(s): Sperax Core Team
Reference: Demeter 2.0, LTIPP, Incentives
Created: June 20th, 2024
Summary
The proposal aims to close down old Demeter farms.
Motivation
The old Demeter farms or Demeter 1.0 farms managed by the sperax team should be closed down because
- Demeter 2.0 farms have better rewards
- Users can switch liquidity without having to go with the cooldown period
Overview
The sperax currently manages 5 farms on Demeter 1st version which are mentioned below.
| Farm | Address |
|---|---|
| USDC/USDs Uniswap v3 | 0xF6EE4989D8e6B7C316E10cCe7A3e6D596f3A5F3C |
| USDs/USDC.e Uniswap v3 | 0x17EbdD5Eae0c56d251BF617536643916EA2F4c7b |
| USDs/USDC.e Camelot | 0x4073D8479D67851Ae90332d6600d6BF1211703ee |
| SPA/USDs Camelot | 0x50f37e7d81f6d24e1ee9fb252dbbc337f54438e6 |
| SPA/USDs Uniswap v3 | 0xeBc45B3b23A3Bae76270A51f7196e55Cba843CAB |
The farm rewards are governed through SIP-58. We propose to close the SPA/USDs Camelot and SPA/USDs Uniswap v3 farms right away and close the other 3 farms by the 10th of September. The reward rates will be as per SIP 58 until all farms are closed
Technical Specifications
- Close SPA/USDs Camelot and SPA/USDs Uniswap v3 right away
- Close USDC/USDs Uniswap v3, USDs/USDC.e Uniswap v3 and USDs/USDC.e Camelot by September 10th
Voting
For: Approve SIP 64
Against: Reject SIP 64
- For
- Against