Summary
This proposal aims to establish dual rewards contracts for the DYM-NTRN and DYM-stDYM pairs on Astroport’s Neutron deployment. The introduction of these dual rewards is designed to incentivise liquidity provision and trading activity within these pools. Additionally, the Neutron Team has committed to matching the rewards provided by Astroport, effectively doubling the incentives for participants.
Note: This proposal will transfer 420k ASTRO to the Astroport Builder Multisig on Neutron to manage the incentives. This will allow us to be flexible in the amount we incentivise over the next few months
Abstract
To further enhance the liquidity and trading efficiency of the DYM-NTRN and DYM-stDYM pairs, and to support the overall growth of the Astroport ecosystem, it is proposed that dual rewards incentives are set up. The rewards will be distributed in NTRN provided by the Neutron team on top of the ASTRO rewards, thereby offering a compelling incentive for liquidity providers and traders.
No current indication exists regarding pool volume to be used according to the incentive framework, however, this is a strategic deployment of ASTRO incentives for potential future benefit to Astroport.
The ASTRO rewards will be distributed with the following schedule:
- DYM-stDYM: 280,000 ASTRO over 12 months (52 incentive periods), ~5,385 ASTRO per week
- DYM-NTRN: 140,000 ASTRO over 3 months (12 incentive periods), ~11,667 ASTRO per week
Executable Message
[
{
"wasm": {
"execute": {
"contract_addr": "terra12ncurr62xe93xrsh2drp4zvehj0gn32lfnshr8k0p4xfyju2knwq2qgmh2",
"msg": "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",
"funds": []
}
}
}
]
Conclusion
By approving this proposal, the Astroport community will take a significant step towards enhancing liquidity and trading dynamics for the DYM-NTRN and DYM-stDYM pairs. The matched rewards from the Neutron Team not only double the incentives but also highlight the strong partnership and mutual support within the ecosystem.
Copyright
Copyright and related rights waived via CC0.