[Proposal] Fix SushiSwap liquidity so BoogieBoogie can get his TRU/ETH back

Proposals
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Hey @boogieboogie - good start, and appreciate you jumping in with a proposal to move things along. For better or worse, we’re really doing the DAO thing now and community involvement for stuff like this is no longer a nice to have, but a need to have.

Before we continue, I want to respond to what I see as two misunderstandings, to add color to how we got here:

1, Sushiswap incentives were not “turned off” by TrustToken/TrueFi/Rafael etc. The TRU in the pool simply ran out. The incentives were ended by virtue of being totally consumed, not by anyone’s unilateral decision.
2. Every Sushiswap refill came with a target end date - usually 90 days, as in the latest refill proposal.
3. Since those refills, TrueFi has transition to a DAO in which there is no longer a directly responsible individual who (a) has made the call and argued for this refill nor (b) who is responsible for refilling it (via Snapshot budget allocation, then actually doing the thing). This is solvable - but in the meantime, it falls to the community. That’s how we find ourselves here, discussing this proposal.

Onto the proposal itself, I’d recommend the following:

  1. There might be a better way to handle DEX liquidity support than continuing to incentive Sushiswap LPs. This is being investigated by a few people now, but they haven’t arrived at a conclusion yet. This means it’d be reasonable to simply extend the liquidity for a time, until there’s a firmer TRU liquidity plan. You can see one version (for tfUSDC) of this work happening here.
  2. I’d recommend we maintain the same incentives, but shorten the time. I propose a TRU refill of 606,492 TRU for 60d of Sushiswap pool incentives (simply 2/3 of the previous allocation, for 2/3 the time).
  3. I agree it should be clearly noted that Sushiswap liquidity should not be a given thereafter.

If we like this proposal, I’ve copy-pasted the last Sushi snapshot here, with the edits to reflect my tweaks in 1-3:

Allocate 606,492 TRU incentives for SushiSwap ETH/TRU LPs at 10,108 TRU/day for 60 days.

DeFi liquidity for TRU is crucial to minimize the token’s reliance on centralized exchanges for liquidity. Keeping the current incentives would encourage ETH/TRU liquidity providers to keep their funds in SushiSwap and allow for an on/off ramp for TRU in the DeFi ecosystem.

If approved, changes will be slated to go into effect on Wednesday, August 3rd, 2022.

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