Proposal for Adjustments to Farm Rewards - October

As the eleventh 28-day session of the (3,3) pool will end on September.25th, 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 5,000 $BORING/Day 3,000 $BORING/Day
oPortal oUSDT 2,000 $BORING/Day 1,800 $BORING/Day
oPortal oUSDC 2,000 $BORING/Day 1,800 $BORING/Day
oPortal oETH 1,000 $BORING/Day 800 $BORING/Day
(3,3) Pool 2,000 $BORING/Day (Epoch 11) 1,600 $BORING/Day (Epoch 12)
Curve oBTC 1,000 $BORING/Day 1,000 $BORING/Day

According to past practices, the Epoch 12 of the (3,3) pool will automatically begin at 13:50 UTC on September. 25th, 2022. If this proposal gets passed, new farm rewards will be applied to Epoch 12.

I support this proposal. Let us send this to the skies