Feb 2, 2021 Edit: It’s time to vote for this proposal on Snapshot!
As of writing, Sushiswap TRU liquidity is $1.3m, supported by SUSHI rewards on the Onsen Menu. There’s an opportunity to increase TRU volume on Sushiswap, which may help us reach a new audience of users, by opening Sushiswap farming incentives.
If we implement this before March, we should also be able to offer Sushiswap LPs double rewards: SUSHI from the Onsen Menu and TRU from TrueFi Sushiswap LP farming incentives - which would be a first. A key metric is adding new wallets holding TRU, with a goal of 2,500 (approx 1,840 now).
As TRU holders voted to decrease farming rewards in December, there’s ample tokens left in the pool of TRU tokens designated for growth and community incentives to create a new farm.
The poll below is designed to gauge sentiment for such a farm - exact token allocations will be modeled based on suggestions and sent to a community vote.
Some added context on each option:
YES to 1:1 farm: This vote suggests creating a brand new Sushiswap LP farm with the same TRU token allocation as the existing Uniswap farm of 50,541 TRU/day, increasing overall outgoing TRU.
YES to 50/50 migration: This vote suggests creating a brand new Sushiswap LP farm and migrating 50% of TRU incentives currently allocated to Uniswap to this new farm, keeping overall TRU farming outflows the same.
Alternative in Comments: Write your suggestion in the comments.
NO to new farm: This vote stands against a new Sushiswap farm.
EDIT Jan 24: Based on the substantive discussion in this post, a fairly widely endorsed option not originally listed in the poll - a 100% Uniswap → Sushiswap migration - is being considered. As there is no way to edit the poll without voiding the results, a new poll may be launched or the alternative may move directly to a Snapshot vote unless there’s explicit opposition.
- YES to 1:1 farm
- YES to 50/50 migration
- Alternative in Comments
- NO to new farm