Hey @tylerw do you happen to know if TRU/ETH Sushi farmers need to take any action given the updates to the Sushi distributor? Thanks!
Existing LPs should now be able to claim rewards and exit the farm as they wish.
As @MG-TT mentioned above, heāll put together a motion to top up the Sushi distributor once more in the near future, but as of today thereās still >300k TRU left in it for current LPs (link).
Is there a timeline for this fix? Or a plan for airdrops during the downtime?
Current LPs should be retroactively airdropped TRU for the time their liquidity is in the pool, otherwise there is no incentive to keep funds in Sushiswap. Any user that claims their reward wonāt have a reason to keep their funds in the pool.
Incentivizing DEX liquidity is (relatively) cheap and important for maintaining liquidity for TRU.
New Snapshot proposal is drafted, to be posted by @boogieboogie shortly. For review in Google Doc form here.
We can consider an airdrop for current LPs after this is resolved, though I donāt personally plan to propose it.
New snapshot here: Snapshot
I donāt think an airdrop is warranted, the whole point is that rewards keep accumulating even though the rewarder is empty. So refilling the rewarder allows everyone who has accrued rewards to collect them.
Moving to the new Sushi contract will help, but not completely solve the problem, I donāt think. The rewards continue to accrue even when the rewarder is empty. But at least people can use Etherscan to remove their liquidity (and give up their rewards) if they need to.
By the way, thanks again to @MG-TT for doing all the heavy lifting here. And thanks to @tylerw for refilling the rewarder.
Quick errata: weāll round the requested 521,782.8007417 TRU to 521,783 TRU to prevent any issues in clearing the full TRU debt of the TRU/ETH rewarder.
Snapshot was approved earlier today.
521,783 TRU has been transferred to the Sushi distributor (link).
Awesome, thanks @tylerw . Is anyone working on moving to the new contract before these run out?
@boogieboogie @leecrowhurst I just pinged Sushi team to follow up on this while Michael is out. The easiest path seems to be to wait for Sushi team to modify the farm contract for the existing ETH/TRU pair and then for LPs complete any migration (if necessary).
A couple thoughts from me:
- do we want to continue running ETH/TRU rewards with Sushi? Moving to other AMMs was discussed a bit here and in a previous town hall
- if we expect to continue the same rewards with Sushi, I think itās reasonable to consider retroactively providing TRU rewards to LPs for this interim time. Do you think thatād be a good idea? Thereās precedent for this ([Proposal] Sushiswap TRU/ETH LP Retroactive Airdrop)