Crescent

Orderbook DEX

Proposal Details

Proposal #288

Passed

Proposal title

Reallocation of LP farming plan - Optimizing farming reward inflation

Submit time

Deposit end time

Voting start time

Voting end time

Tally result

99.98%

Proposal #288 description

**This governance proposal is to rebalance and reallocate farming incentives to active pairs on Crescent DEX.

The rebalance is based on pairs that have not shown a significant value to our DEX, based on trading volume, TVL, and more. The aim is to reallocate farming incentives to appropriate pairs that will further maximize the utilities of Crescent DEX, as well as minimize excessive inflation.

New pairs are expected on Crescent DEX, especially with the coming V5 upgrade, which will shift the incentivizing to more relevant tokens including Snowball enabled, and those that show large volumes of trading, as well as private positions created.

The Crescent Foundation proposes the following farming amounts below:

  • Farming Amounts Adjustment (per day)

    • bCRE / CRE: 10,000 CRE
    • ATOM / USDC.grv: 9,500 CRE
    • bCRE / IST: 900 CRE
    • bCRE / CMST: 900 CRE
    • USDC.axl / USDC.grv: 1,500 CRE
    • IST / USDC.grv: 900 CRE
    • IST / USDC.axl: 900 CRE
    • CMST / USDC.axl: 900 CRE
    • CMST / USDC.grv: 900 CRE
    • stkATOM / ATOM: 1,180 CRE
    • stATOM / ATOM: 450 CRE
    • stEVMOS / EVMOS: 450 CRE
    • ATOM / bCRE: 33,000 CRE
    • GRAV / bCRE: 3,000 CRE
    • BLD / bCRE: 6,000 CRE
    • INJ / bCRE: 3,000 CRE
    • EVMOS / bCRE: 7,500 CRE
    • AKT / bCRE: 7,500 CRE
    • JKL / bCRE: 4,500 CRE

    Discontinued Farming Rewards

    • CMDX / bCRE: 2,500 CRE > 0
    • LUNC / bCRE: 1,000 CRE > 0
    • LUNA / bCRE: 4,500 CRE > 0
    • JUNO / bCRE: 7,500 CRE > 0
    • AXL / bCRE: 7,500 CRE > 0
    • OKT / bCRE: 3,420 CRE > 0
    • MARS / bCRE: 6,413 CRE > 0
    • CANTO / bCRE: 5,985 CRE > 0
    • IRIS / bCRE: 5,400 CRE > 0
    • HARBOR / bCRE: 2,880 CRE > 0
    • CRO / CRE: 6,075 CRE > 0

    Reserve(Module Account): 2,847 CRE > 56,020 CRE

Proposal #288 overview

Total votes
145
Voters
137
Total deposit
7,500 CRE