Proposal for Adjustments to Farm Rewards - May

As the sixth 28-day session of the (3,3) pool will end this Sunday, it’s time for us to discuss the rewards for the next Epoch and to make some adjustments to existing farms.

In general, we are proposing to further reduce $BORING emissions so that there will be less amount of $BORING in circulation. $BORING holders should understand the potential effect of this on the future value of $BORING tokens, considering demand versus supply. Slightly reducing the farm rewards might lower farms’ APRs a little bit. In the long term, it will benefit $BORING holders if we hold back supply to stimulate demand.

Here are the details:

Current Emission New Emission
Boring Farm 25,000 $BORING/Day 20,000 $BORING/Day
oPortal oUSDT 6,000 $BORING/Day 5,000 $BORING/Day
oPortal oUSDC 6,000 $BORING/Day 5,000 $BORING/Day
oPortal oETH 6,000 $BORING/Day 5,000 $BORING/Day
(3,3) Pool 15,625 $BORING/Day (Epoch 6) 10,000 $BORING/Day (Epoch 7)
Curve oBTC 5,000 $BORING/Day 5,000 $BORING/Day

According to past practices, the Epoch 7 of the (3,3) pool will automatically begin at 13:50 UTC on May. 8, 2022. If this proposal gets passed, new farm rewards will be applied with the start of Epoch 7.