[GIP-22] Liquidity Mining program for V2 and retroactive drop
AI summary
This proposal aims to launch a Liquidity Mining (LM) program for Gearbox V2 and distribute a retroactive LM drop to early participants. The V2 LM program will incentivize users to deposit funds into passive Earn pools, providing necessary liquidity for Credit Accounts (CAs) to function, especially with the upcoming 'Leverage Ninja' mode. A small LM incentive is also proposed for 'Leverage Ninjas' (CA users) to encourage participation and governance alignment. The retroactive drop will reward existing liquidity providers and Credit Account users for their past contributions.
If passed, the DAO will allocate an unspecified amount of GEAR tokens to fund these LM programs, starting with LP incentives on October 24th. This will increase liquidity in Gearbox pools, benefiting users who want to borrow funds, and reward early adopters. The financial cost to the DAO's treasury is not specified, so the exact impact on treasury holdings cannot be determined.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Summary
The purpose of this proposal is to finalise the 2 LM propositions discussed earlier:
An incentive-aligned LM (liquidity mining program) that enables CA (Credit Accounts) to function And a retrospective LM drop for the LPs & CAs that have been present till date
A small recap on why LM?
The liquidity in the passive pools enables the CA (Credit Accounts, aka leverage takers) to function. With the upcoming Leverage Ninja mode, the demand side of liquidity has over 100 high collateral size (100K$ or $150K min borrow, to be voted on) users that’ll require liquidity for leverage. …