[GIP- 280] Sustainable Liquidity Mining Program for 2026
AI summary
This proposal outlines a new liquidity mining program for Gearbox DAO for 2026, allocating 115 million GEAR tokens over 10 months (March to December 2026). The program aims to reduce the current high token emission rate, starting at 20 million GEAR per month and gradually decreasing to 10 million GEAR per month. This budget will be managed by core contributors for V3.1 permissionless pools, and the existing GEAR/WETH Curve incentives will be stopped.
If passed, this proposal will significantly reduce the rate at which new GEAR tokens are distributed, aiming to preserve the treasury and reduce sell pressure on the token. It benefits the long-term sustainability of the DAO by making token emissions more efficient, but may reduce incentives for liquidity providers in the short term. The exact distribution of incentives will be decided by core contributors, giving them discretion over which pools receive rewards.
Voting results
Votes over time
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🐳 Whale votes
5 votes > 5% VPFull proposal
Summary
This proposal requests to change the incentive distribution policy, outlining a new budget for the 2026 year. The proposed budget is 115M GEAR for a 10-month liquidity mining program (Mar–Dec 2026) with:
- Fast convergence from 50M (Current budget) → 20M (Transition phase) → 10M (Target emission) GEAR/month in 1.5 months
- Monthly distribution to incentive management multisig. Exact incentive distribution is decided by core contributors and limited to …