Proposal to extend liquidity mining rewards on the Gelato Uniswap V3 INST/ETH LP 1 pool alongside the new Uniswap v3 Staker Pool proposed by the team here.
This proposal will allocate an additional 250k INST for liquidity mining for the Gelato Uniswap V3 INST/ETH LP 1 pool, which is the current pool within range and earning trading fees (or the pool on the right within the Dapp or the one with bottom range of 0.00199 – many ways to identify this pool). Here is a link to the pool Uniswap Info. This proposal will not include any additional liquidity mining rewards for the other pool that is out of range, however, this pool will still exist within the Dapp and earn trading fees if it comes into range.
Additionally, as proposed by @Seb_EthMonk in the Update Staking Pool Contract and Rewards proposal, this would allocate 250k INST to the new Uniswap v3 Staker Pool (not in addition to that proposal, this is in place of it).
The current G-UNI pools have done a great job providing liquidity to the markets and aided in the first leg of price discovery for INST. We are all excited to introduce new staking contracts and LM scenarios that weren’t available back in June 2021, but we also want to maintain some continuity between the existing users of the INST pools. Therefore, I’m proposing that there be a mild form of LM rewards extended for the LP 1 pool while we transition and introduce new forms of liquidity mining. The rewards will be reduced from the initial 750k, but as liquidity leaves the initial pools and flows into the new contracts, there should be enough LM for all users based on their choosing.
Allocate 250k INST to Gelato Uniswap V3 INST/ETH LP 1 pool for liquidity mining rewards through January 15, 2022.
Allocate 250k INST to Uniswap v3 Staker contract for liquidity mining rewards through January 15, 2022.
Liquidity mining rewards will end for INST Pool LP 2 Uniswap Info on Sept 15, 2021