Summary
This proposal aims to incentivize newly opened stable-USDs pools to facilitate more USDs TVL
Motivation
- USDs TVL is not increasing as per expectations
- A lot of rewards to be emitted within the LTIPP timeline are available
Overview
Demeter has not been able to attract liquidity as expected even with very high rewards. Various reasons can contribute to the slow performance of Demeter. We would like to make USDs available on all decentralized exchanges on Arbitrum to increase the reach of the USDs.
To address this we will open up the following pools.
- USDC-USDs Ramses Exchange
- USDC-USDs Balancer Dex
- USDC-USDs Curve
- USDC-USDs traderjoexyz
- USDC-USDs Pancake
- USDC-USDs Sushiswap
To attract liquidity, we would like to incentivize these pools with the rewards made available for Demeter liquidity as per [SIP-63]. (Snapshot). We will also incentivize the existing USDs liquidity pools as well from the same reward pool.
The reward rate will remain very high to attract stable-stable liquidity and incentivize the LPs.
Technical Specifications
- Incentivise the above-mentioned pools from the rewards made available for Demeter through SIP-63
- Yes
- No