I’d like to propose to shift the rewards for PJAR 0b renBTC to the newly established 0.99 BAC/DAI Jar.
I don’t have the time to do all of the calculations now, but it should be mighty obvious for anyone who has followed this project in the past that the BTC JAR is in fact earning us next to nothing.
Next to that we also have very heavy competition from Badger in the ERC20 BTC space and I think it’s safe to say that we have lost that battle.
So I propose to divert the 8% of pickle emissions that go to the 0b JAR right now to the 0.99 BAC/DAI FARM.
Check out our breakeven for the BTC JAR here https://pickle-analysis.netlify.app/ and try to find a compelling argument against cutting the rewards. (Protip: there is none)
Let’s move quickly on this while we have a good news cycle running.
Sorry for the low effort, but I really can’t be bothered to make a more elaborate argument, this is obvious as fuck to me and should be to anyone who can do basic math.