BANK Emissions Distribution (March 31st - April 30th)

Proposal Discussion
1

Summary

Before the Rewards Manager is launched, the Algofi DAO will approve allocations of BANK emissions on a monthly basis. Since the voting period is 2 weeks from March 17th - March 31st, this proposal concerns emissions from March 31st - April 30th.

After the voting period for this proposal passes, a new proposal for allocating emissions will be launched for voting by the community, which will concern emissions from April 30th - May 31st.

Users are encouraged to voice their opinions on future emission allocations in the Temperature Check category of the governance forum to ensure they are taken into consideration for preparing emissions proposals. Ultimately, this process will be automated on chain with the Rewards Manager.

The motivation is to promote the growth of liquidity on the Algofi lending protocol and DEX.

Emission allocations can be found below.

Proposal

Emit to Lending markets, Lend and Earn contracts, Staking contracts, and the Algofi Vault in the proportions outlined below. The Algofi DAO is asked for recommendations with respect to allocation changes during the next period. The current allocation is featured below:

Contract Current Allocation New Allocation Change
USDC L&E 26.75% 26.75% 0.00%
USDT L&E 2.00% 2.00% 0.00%
ALGO Borrow 0.50% 0.50% 0.00%
USDC Borrow 0.50% 0.50% 0.00%
goBTC Borrow 0.25% 0.25% 0.00%
goETH Borrow 0.25% 0.25% 0.00%
USDT Borrow 0.25% 0.25% 0.00%
STBL2 USDC Market Supply 32.50% 32.50% 0.00%
STBL2 ALGO Staking 8.00% 8.00% 0.00%
STBL2 goBTC Staking 2.00% 2.00% 0.00%
STBL2 goETH Staking 2.00% 2.00% 0.00%
USDC ALGO Staking 7.00% 7.00% 0.00%
ALGO Vault 10.00% 10.00% 0.00%
STBL2 BANK Staking 4.00% 4.00% 0.00%
ALGO BANK Staking 4.00% 4.00% 0.00%
2

Until the crypto space sees new life? we will keep on keep"in on!

3

Given 1) interest in BTC and 2) liquidity concerns around goBTC in Algorand, consider increasing emission to the GoBTC - STBL2 pool to encourage liquidity growth. Separately, consider creating an Algo-GoBTC farm pool to get exposure to the aggregate liquidity demand.

P.S., my acocunt is too new to post to temperature check (I think) – but if I could I would propose the Algo-GoBTC staking pool there. If someone else wants to do that, awesome!

1 Like
4

the problem with opening new lending pools is it just fragments the little liquidity we have even more. since lending pools are not fully supported by aggregators (they are apparently harder to integrate) we should imo focus on STBL2-ASSET pairs as the prominent liquidity pools

1 Like
5

Agreed. So let’s try increasing emission to btc-usdc. I don’t know what a fair amount would be, but would be nice to get stakers to plant some more goBTC into AlgoFi.