Add $UNI/$ETH pool to list of pools eligible for rewards

Requests for Comment
63

#1: would a {sUSD / renBTC} pair make better sense @PhABC?

the advantage of Balancer and Curve.fi Liquidity is that they can contain a basket of coins like 4 or 8 while Uniswap only accommodates a pair, so our choices are limited

another pair in mind is #2: {FTX / SRM} pair if you are thinking of competitors? :stuck_out_tongue_winking_eye: i would confess that at first thought, $UNI pool is a no-brainer, but reading your lengthy argument made me think again… :thinking:

2 Likes
64

I don’t think it’s wise to allocate a similar pool of UNI/ETH rewards, but if the reward was 10 times less, then ok.

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65

Support this!!! It’s the perfect dream i never knew existed until now.

66

I don’t completely agree with you. Your comment does make a lot of sense, but I think adding UNI/ETH could help the whole liquidity mining program if done in a smart way.
Of course, not all of the mined UNI reward should go to UNI/ETH, only a small percentage like 10%. We would still have 90% of the reward to allocate to strategic pairs. And if adding UNI/ETH cause the price of UNI to pump, now the 90% of the reward would be worth more than 100% of it with UNI at a lower price.
Adding a mining reward to strategic pairs should still be the main focus of the liquidity mining program, but 9 UNI worth 7$ are a bigger incentive then 10 UNI worth 5$.

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67

great pair, i wait it

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68

Si puede adquirir liquidez y entrar en pares para minería desde el 18 de septiembre a las 12:00 horas @darwell

69

Yes this makes perfect sense. This would compliment both protocols and LP’s :slight_smile:

70

i agree but i fear impermanent loss on this pair maybe is get some rekt.

71

Agree 100%
UNI/ETH should be the first new Pool to include in UNI farming.

It’s a no-brainer, it will provide a big incentive for people not to dump (price stability) and will reward the Unicorn Marines for being loyal.

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72

Think about Sushi then you would understand the importance of token incentivize.

73
  1. sUSD / renBTC pair
  2. wNXM / SRM pair

2 alternatives to UNI / ETH pool for $UNI rewards

74

why? Are they just your bags?

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75

But what about adding a time-lock to the uni-eth pool. In order to prevent a pump-n-dump
and instead of adding liquidity, I think it should be taken out of the other liquidity pools equally and given to UNI-ETH.

76

I’d like to hear more pro’s v cons on time locks.

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77

I very much respect this response. Especially your idea about stablecoin / stablecoin pairs, making us more competitive with curve et al.

78

Pro for timelock:

  1. Stops whales from putting their money in and dumping it the next day.
  2. Increases the UNI price over a longer period of time, as locking it makes the money inaccessible for the duration of it’s lock.
  3. Locking it removes the locked amount from the market supply (which is how crypto.com has been skyrocketing)
  4. Locking it targets the long term.
  5. After the locked time the money can remain staked or be removed.
  6. Can give a bigger incentive than not time locking

Cons for timelock:

  1. It may scare some people away (as they cannot take their money out anytime)
  2. It’s less flexible to simply put in money and take out your money whenever you want to.
  3. Timelock (due to smart-contract failures and glitches) may cause more issues in terms of stability and safety of your money.
  4. Not required/ recommended for the stablecoins
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79

I agree with this proposal, it would give a better user experience to those who want to switch from one stablecoin to another rather than use Curve.
Curve is a great tools but very limited for “small” amounts.

80

I don’t think trying to compete with curve would be a good idea for the moment. Uniswap and Curve are both DEXes, but they do different things. Uniswap is more of a general purpose exchange, Curve is only used to exchange assets that have the same value.
Both are good in what they do. Curve rely on low fees (0,04%) compared to Uniswap (0,3%) and use a different algorithm to manage liquidity pool. Curve can’t do most of the things Uniswap does, but for Uniswap to compete with Curve on stable/stable pairs it would take more than just UNI incentives.

81

Time lock doesn’t add any long-term value.
This artificially reduces sales pressure, nothing else. And that favors whales who have currently a lot of UNI tokens., nobody else.

Add time lock and I will do what I did with Sushiswap : I will immediatly remove all my LP from Uniswap.

Don’t be greedy and don’t forget one thing : LP providers take a lot of risks, impermanent losses are real and this risk has to be reward.

82

I’m against timelocks, mainly for 2 reasons:

  • the first you already said, it is going to scare investors. We can have more UNI in LPs if the UNI are not locked then if they were locked. I’ve been providing liquidity to UNI-ETH since day 1 and I’m not planning to stop it, but I wouldn’t provide liquidity if it implied that I need to lock my token.
  • impermanent loss is already a big incentive to keep your UNI in the liquidity pools, The way you overcome the impermanent loss with gains is by providing liqudiity for a longer timeframe.
3 Likes