Gearbox · closed proposal

[GIP-49] Extend GEAR/WETH Liquidity Mining

0xeEEC…65a3·ended 3y ago·Discussion ↗

Voters

290

GEAR voted

221.74M

Token price

—

AI summary

Summary pending — generation runs every 15 minutes.

Voting results

Quorum

221.74M / 200.00M GEAR(111%)

✓ Quorum met

For220.56M (99.5%)

Against713.21K (0.3%)

Abstain468.68K (0.2%)

221.74M GEAR · 290 votersblock 16919504

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Full proposal

Original markdown · Gearbox

Proposal

Reduce the current GEAR/WETH liquidity mining program from 6.66m GEAR/month to 3.33m GEAR/month. Utilize the remaining GEAR from the currently approved liquidity mining program until gone, then utilize GEAR from the treasury to extend the program indefinitely (until modified or dictated otherwise by a future proposal).

Context

Currently there is 6.8m GEAR left in the gauge distributor rewards contract. Each week approximately 1.67m GEAR is sent to the GEAR/WETH Curve pool from the contract, or approximat…

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