PIP 24: Week 6 Incentive Programs - revised

Week 6 distribution:

Also for Week 6 we propose the reward of 150,000 DOUGH among all Liquidity Providers to eligible pools. Please note the amended proposal below:

Rewards would be distributed through the following incentive programs:

  • L2 Trading Incentives - We’ll keep running for the second week the trading incentives on Loopring’s L2 zkRollup DEX for the pairs $DOUGH/ETH, $DEFI+S/ETH & $DEFI+L/ETH, as detailed here
  • DEFI+S/ETH - the pool will keep receiving 20,000 DOUGH as a weekly reward distributed to LPs which staked their BPTs, proportionally to their BPT share per second.
  • DEFI+L/ETH - the pool will keep receiving 20,000 DOUGH as weekly reward eventually distributed to LPs according to the token geyser logic (deposit-seconds & accrued multiplier).
  • DOUGH/ETH - the pool will receive 90,000 DOUGH as a nominal weekly reward distributed to LPs, of which
    • 72% distributed liquid along the week
    • 28% escrowed within the staking contract, and subject to 52 weeks vesting from the moment they are claimed
      Weekly reward distribution to staked BPT of the DOUGH/ETH pool will start as of Friday, November 6th, 4pm UTC.

Screen Shot 2020-11-06 at 16.48.02

  • DEFI++ - To celebrate the launch of our DEFI++ Index, we propose to allocate 20,000 DOUGH as a nominal weekly reward distributed to LPs which will stake their DEFI++ starting from Today, November 06th, to the newly deployed staking contract
    NOTE: ONLY DEFI++ should be staked to the contract, no ETH required! Rewards to the DEFI++ staking pool will be fully escrowed and subject to vesting over 52 weeks.
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