YFI has been a critical volume driver for SushiSwap, but this is in jeopardy right now as the YFI-ETH pair loses liquidity and volume.
This is a proposal to ramp up incentives for YFI-ETH without increasing overall emissions, in order to restore this strong positioning and drive volume to SushiSwap.
YFI-ETH has been a blockbuster volume driver and far and away the highest volume pair on SushiSwap.
Last week, YFI-ETH drove more volume than the next 8 pairs COMBINED.
More broadly, YFI is consistently one of the highest volume coins among both decentralized and centralized exchanges, and is likely to remain so.
But liquidity for SushiSwap’s YFI-ETH pair has declined a lot in the past few days, and in the last 24 hours, Uniswap surpassed SushiSwap in YFI-ETH volume.
Volume is what drives revenue for $SUSHI holders, so it’s critical to distribute pool rewards as efficiently as possible to drive maximal volume.
Let’s try to reclaim SUSHI’s strong positioning with YFI-ETH with strong incentives, while not increasing overall SUSHI emissions.
- Raise YFI-ETH rewards to 4800.
- Slash rewards on underperforming pools to keep total emissions in check. some suggestions: DAI, AMPL, BAND, UMA, sUSD, wBTC, UMA.
- Let’s do this!
- No let’s not!