[GIP-222] Liquidity Mining Incentives for wstETH Pool
AI summary
This proposal suggests that the Gearbox DAO invest 100 ETH from its treasury into the wstETH pool to boost its liquidity. Additionally, it plans to distribute 10 million GEAR tokens per month for three months as incentives to attract more users to deposit into the wstETH pool. This initiative aims to align with similar incentive programs from Lido and P2P, who are collaborating on this staking and restaking-focused pool.
If passed, the Gearbox DAO will allocate 100 ETH (approximately $350,000 USD at current prices) and 30 million GEAR tokens (worth about $300,000 USD) from its treasury over three months. This benefits liquidity providers in the wstETH pool by offering additional yield, and aims to increase Gearbox's presence in the liquid staking market. The DAO's treasury will decrease by these amounts.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Author
apeir99n
Summary
This proposal presents a plan to support the growth of the wstETH pool on Gearbox by optimizing liquidity deployment and leveraging strategic partnerships. With Lido and P2P collaborating to build a staking and restaking-focused instance, we see a strong opportunity to enhance liquidity and adoption. To accelerate growth and establish Gearbox as a key player in this ecosystem, we propose: • Deploying DAO-owned 100 ETH into the wstETH pool to kickstart liquidity. • Incentivizing deposits with 10M GEAR/month over a 3-month period, aligning with Lido and…