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Gearbox · closed proposal

[GIP 36] GEAR/wETH Liquidity Mining

0xeEEC…65a3·ended 3y ago·Discussion ↗
Voters
915
GEAR voted
262.44M
Token price

AI summary

Summary pending — generation runs every 15 minutes.

Voting results

Quorum
262.44M / 200.00M GEAR(131%)
✓ Quorum met
For250.32M (95.4%)
Against12.02M (4.6%)
Abstain100.00K (0.0%)
262.44M GEAR · 915 votersblock 16137082

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0 votes > 5% VP
No whale votes on this proposal.

Full proposal

Original markdown · Gearbox

Proposal

Commit 3.33m GEAR/month to liquidity mining the GEAR/ETH Curve V2 pool created by the Cider’d Liquidity Bootstrap, beginning when the fair trade period begins. Liquidity mining program is to last for 4 months, OR until modified by another governance proposal.

Context:

LPers for Cider’d liquidity and beyond likely will want some assurance that they will get liquidity mining rewards, given there is no guarantee of fees for LMing from the Cider'd approach.

3.33m GEAR at $0.015 at $3m of liquidity amounts to an extra 20% of APR on top of Cider’d fees. $3m of liquidity would be…

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