AIP #8:Reduction to Liquidity Mining Rewards
Author: Christian Brunelle
Reduce by 90% liquidity mining emissions of ALK token until TVL increases
Adjust downward by 90% the rate at which ALK tokens are distributed to users both lending and borrowing funds on Alkemi Earn. Revisit the rate at a future point in time when TVL increases.
Motivation & Goals
Motivation for adjusting rewards emissions is to preserve the token supply. The tokens which are being ‘saved’ by the DAO, may be distributed in the future, once TVL and traction from new partnerships start to increase again. The ultimate goal is to distribute ALK tokens to a growing Alkemi community. Since market volatility has increased, the current distribution is no longer diversified enough to be effective and grow the community sustainably.
Specification & Implementation [How?]
Adjustment to the alkRate will be submitted via snapshot, which will effectively reduce the liquidity mining rewards by 90%.
- Yes - Approve the proposal
- No - Do not approve the proposal