Approve 12.8k CREAM reward for bootstrapping CRETH2 liquidity.
For: Approve 12.8k CREAM reward for CRETH2 liquidity
Against: Do nothing
To avoid potential risk and exploit, the protocol needs CRETH2 liquidity to be stable at a certain level. However, the initial reward plan will end by 11/25 00:00 UTC +8. Without CREAM reward, it’s quite possible that the liquidity will go down, reducing the liquidity available for liquidators should that need arises. That’s why we need a new plan for CREAM reward for CRETH2.
Community member Sherlock made the suggestion in Longer incentive for CRETH2/WETH liquidity provider and the core team agrees with this view of extending incentives for CRETH2 liquidity pool.
The reward plan is to distribute 12.8k CREAM in total. This 12.8k includes the first, ongoing 6k CREAM distribution (3k CREAM in CRETH2 and 3k in CRETH2/WETH pool).
After the first-week reward is over:
- 1k CREAM/week for 4 weeks, extending the CRETH2/WETH swap pool rewards
- New: CRETH2 Supply/Borrow 700 CREAM/week for 4 weeks