[GIP-269] Adjustment to Incentive Budget allocation
AI summary
This proposal adjusts the incentive budget allocation for Gearbox, a decentralized finance protocol. It postpones a revenue-based distribution model until January 1, 2026, and introduces a new fixed-rate incentive for early liquidity providers in new pools, capped at 2 million GEAR tokens per pool. Additionally, it removes two incentive clauses: the "TVL Achieved Bonus" and the "Frontend Onboarding Rule," which were deemed ineffective or prone to misuse.
If passed, liquidity providers in new Gearbox pools will receive a fixed incentive of 10 GEAR per day per $1,000 in liquidity during the first month, encouraging early participation. The overall incentive distribution strategy will be simplified, potentially benefiting the DAO by preventing the exploitation of previous incentive mechanisms. The postponement of the revenue-based distribution means that the current incentive structure for wstETH, WETH, and stable pools (12M, 8.5M, and 9.5M GEAR respectively) will remain in place until the end of 2025.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Summary
This proposal aims to adjust and clarify several parameters of the original Permissionless upgrade proposal. The main reasons for this update are:
- Feedback received from multiple curators regarding the initial design;
- The actual migration schedule, which turned out to be non-simultaneous across asset types — with ETH pools active for nearly a month, while stable pools have only just launched.
Key Adjustments
**1. Postpone distribution depending on Permissionles…