A few weeks ago, after the DILLDAO voted to migrate its incentivised PICKLE/ETH LP from Uniswap to Sushiswap, the Pickle community was urged to click the migrate button and move their funds across. Many loyal Pickle LPs did so without hesitation but have watched the LP APY dwindle and dwindle whilst those who did not migrate whether by apathy or deliberate action have enjoyed far higher returns in the gauge incentivised Uni pool. The UI has been removed so most Pickle LPs have not been able to move their funds back (though vfat and etherscan would still probably allow the determined back in).
Some may say that it’s their choice to stay in, however many are sitting on sizeable IL losses from entering the pool and supporting PICKLE from the beginning, losses that would become a lot less impermanent if exited now.
I propose the community look at redressing this situation and at the very least increase the APY commensurate with the risk the PICKLE/ETH LP’s are taking.
- Proceed to Proposal
- Do Nothing