We recently announced three new jars:
- BAS-DAI (coming very soon)
And now we have a fourth coming online very soon!
To attract new users and TVL to these new Jars we would like to allocate a proportion of Pickle emissions.
Presently, the allocation of PICKLE rewards is as follows:
PICKLE/ETH: 64% pSUSHIMICUSDT: 6% pUNIBACDAI: 6% p3CRV: 4% pSUSHIDAI (Sushi ETH/DAI LP): 4% pSUSHIUSDC (Sushi ETH/USDC LP): 4% pSUSHIUSDT (Sushi ETH/USDT LP): 4% pSUSHIWBTC (Sushi ETH/WBTC LP): 4% pSUSHIYFI (Sushi ETH/YFI LP): 4%
The proposed new distribution is as follows:
PICKLE/ETH: 60% pMICUSDT: 4% pUNIBACDAI: 4% p3CRV: 2% pSUSHIDAI (ETH/DAI LP): 3% pSUSHIUSDC (ETH/USDC LP): 2% pSUSHIUSDT (ETH/USDT LP): 2% pSUSHIWBTC (ETH/WBTC LP): 2% pSUSHIYFI (ETH/YFI LP): 3% pstETHCRV 4% pMISUSDT 4% pBASv2DAI 4% pyveCRV 6%
Pickle relies on new users and new TVL being deposited for its revenue. High APY Jars are particularly important and the success of such Jars has recently enabled strong Treasury growth (including Pickle buy-backs) and new team hires to drive the project forwards.
We all know that in the near future, DILL will be utilised for deciding the Pickle emission distribution however we need Pickle-ETH LP holders to vote this time. We recognise that the proposed emission schedule shaves a little more off the allocation however the impact on the overall APY is expected to be minimal, particularly compared to the situation yesterday/last week with a lower Pickle price.
Speed is off the essence with this one so please discuss and vote below. Snapshot will be put up for 24hrs following sufficient discussion/signalling here.
- Proceed to Snapshot
- Do nothing