ARC-63: Incentivize Initial Sei Mainnet Pools with ASTRO


This proposal aims to offer ASTRO rewards for four pools on the Sei mainnet deployment of Astroport. These pools are ASTRO-USDC, SEI-USDC and USDC-USDT.

The three pools were chosen according to the guidelines in ARC-41.


Astroport is now deployed on Sei mainnet! In order to encourage liquidity provision and bootstrap the Sei Astroport satellite, we propose to offer ASTRO rewards to four pools:


The pools were chosen according to ARC-41 which describes how the Astroport community can offer LP rewards on multiple chains. The initial amount of ASTRO rewards for each pool should last for 8 weeks (according to the Astroport Incentive Framework) from the moment of and assuming this proposal passes. After the initial 8 weeks of rewards, the community should re-evaluate the amount of fees produced by these pools and adjust ASTRO rewards in order to target the 0.1 fee to emissions ratio.


In order to estimate the amount of fees generated by each pool, we made the following assumptions and observations:

  • Sei block times fluctuate between 0.5-1 second
  • The average price of ASTRO is $0.09
  • The Astroport pools will process similar volume compared to their counterparts on Terra 2 and Injective. This assumption was made because the Astroport deployments on Terra 2 and Injective are the best sources of volume data and thus offers a good starting point to think about ASTRO emissions
  • We target a 0.1 fee to emissions ratio as proposed in the Astroport Incentive Framework

With these points in mind, we arrive at the following rewards distribution:

The amount of ASTRO distributed per Sei block is approximatelly 0.32986 ASTRO. If Sei were to have the same block times as Terra 2, this would translate to about 3.9583 ASTRO per block.

Lastly, in order to have enough ASTRO rewards for the foreseeable future on Sei, we propose that the Assembly IBCs 10,402,412 ASTRO from the Treasury to the Sei satellite. At ABC ASTRO per block, Assembly would have about 6 months of rewards runaway on Sei.

Executable Message



Copyright and related rights waived via CC0.

1 Like