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Gearbox · closed proposal

[GIP-107] Inflation Reduction + LM Reallocation

0xf3D4…d89E·ended 2y ago
Voters
39
GEAR voted
224.80M
Token price

AI summary

Summary pending — generation runs every 15 minutes.

Voting results

Quorum
224.80M / 200.00M GEAR(112%)
✓ Quorum met
Approve224.80M (100.0%)
Reject0 (0.0%)
224.80M GEAR · 39 votersblock 19480765

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0 votes > 5% VP
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Full proposal

Original markdown · Gearbox

Note: no new supply is being proposed to release, just reallocating. And, reducing inflation! The organic rates are doing their job well, making GEAR LM obsolete, so why overspend…

First Part: ETH pool

First part is to remove a half of (W)ETH GEAR liquidity mining rewards. At current utilization, rates are 25% organic + ~1% in GEAR. There are also ezPoints of Renzo on the passive side. It feels unnecessary to have extra GEAR: the extra rate is too small to matter, but removing any inflation possible is always good when it doesn’t serve a strong purpose.

Keep (W)ETH LM as 30M GEAR …

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