Summary
Before the Rewards Manager is launched, the Algofi DAO will approve allocations of BANK emissions on a monthly basis. This proposal concerns emissions from May 31st - June 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 June 30th - July 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% |