Proposal for Adjustments to Farm Rewards - November

As the fourteenth 28-day session of the (3,3) pool has started on November.20th, it’s time for us to discuss the rewards for this Epoch and 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 3,000 $BORING/Day 2,000 $BORING/Day
oPortal oUSDT 1,800 $BORING/Day 1,500 $BORING/Day
oPortal oUSDC 1,800 $BORING/Day 1,500 $BORING/Day
oPortal oETH 800 $BORING/Day 500 $BORING/Day
(3,3) Pool 1,600 $BORING/Day (Epoch 12) 1,200 $BORING/Day (Epoch 14)
Curve oBTC 1,000 $BORING/Day 500 $BORING/Day

According to past practices, the Epoch 14 of the (3,3) pool has automatically begun at 13:50 UTC on Nov. 20th, 2022. If this proposal gets passed, new farm rewards will be applied to Epoch 14.

1 Like

This is totally understandable given the current market conditions.
We should proceed with this in order to further strengthen the token value.