[GIP-236] Conitnuation of Curve LP rewards
AI summary
This proposal suggests continuing the current rewards for users who provide liquidity to the GEAR token pool on Curve, a decentralized exchange. This decision comes after a previous proposal moved GEAR token buybacks to Uniswap, another decentralized exchange. The community decided to maintain the existing reward structure, which allocates 6.66 million GEAR tokens to Curve liquidity providers, to ensure stability.
If this proposal passes, the Gearbox DAO will continue to spend 6.66 million GEAR tokens to incentivize liquidity on Curve. This benefits users who provide liquidity to the GEAR pool on Curve by continuing their rewards, and it maintains stable liquidity for the GEAR token on that platform. There are no immediate negative impacts or losses for any specific group.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Summary:
Following the approval of the proposal to transition GEAR buybacks to Uniswap (https://snapshot.box/#/s:gearbox.eth/proposal/0xaf930dd571a05e150ebb29c32bad04299a21b5486257c67c42056e57b3e5edfb), there was initial discussion around the future of GEAR rewards on Curve. While it made sense to reassess the Curve pool incentives in light of this change, after brief deliberation community decided to maintain the current liquidity mining setup for now, in line with GIP-55 (https://snapshot.box/#/s:gearbox.eth/proposal/0x144f85ee48d3b3e9a76a8ad6cda9b0092c303c5b52851aac616a7745eea768e4), wh…