Before the Rewards Manager is launched, the Algofi DAO will approve allocations of BANK emissions on a monthly basis. This proposal concerns emissions from Feb 28th - March 31th.
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 March 31st - April 30th.
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.
Emit to Lending markets, Lend and Earn contracts, Staking contracts, and the Algofi Vault in the proportions outlined below. As markets have grown more bearish, rewards are recommended to be concentrated in blue-chip assets like USDC and ALGO. The Algofi Vault allocation is unchanged ahead of the next governance period launching in early Q1. Allocations to the stablecoin Lend and Earn contracts and STBL2 USDC LP market are kept elevated to promote stablecoin liquidity.
|Contract||Current Allocation||New Allocation||Change|
|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%|
|STBL2 BANK Staking||4.00%||4.00%||0.00%|
|ALGO BANK Staking||4.00%||4.00%||0.00%|