This proposal aims to allocate up to X TRU/weekly to the reimbursement of gas costs for users migrating from TrueFi V1 to V2 and/or moving out of the Uniswap TRU/ETH pool to SushiSwap.
After the team shared their plans to move our TRU incentives from Uniswap to Sushiswap, community members including myself expressed concern (see Discord links below) that prohibitively high gas fees would be a blocker to a smooth migration. This same concern applies to the teams upcoming migration from TrueFi V1 to TrueFiV2. Lenders, Stakers, and LPs should not spend more than what they are making in order to migrate.
Gas costs as of late have been a hindrance to TRU Lenders, Stakers, and LPs. The team are keeping an eye on the various scaling solutions being tested by leading DeFi projects and will act when there is a clear winner (Optimism vs ZK-Rollups vs AVAX, etc). Until then, they need to make migrating a simple decision for TrueFi users by subsidising gas costs related to migrating from Uniswap to Sushiswap as well as TrueFi V1 to TrueFI V2.
Reimbursements would be made in TRU, while gas is priced in terms of ETH, so a conversion is required. The price oracle would be CoinGecko’s API, with the median TRU/ETH price from the week being used for all that week’s reimbursements.
Claims would be made available via the same MerkleRedeem contract currently used in the liquidity mining program. Reimbursements and liquidity mining proceeds for the week would be summed and be claimable in a single transaction.
To keep this simple, please vote on just 2 options:
- YES - compensation should be paid for the cost of migrating between platforms
- NO - compensation should not be paid
Thank you for reading and voting!