Following on from @Grand’s proposal to help boost the liquidity of the Uniswap RLY/ETH 50/50 by using some of the Rally treasury, we can also try to attract more liquidity providers to this pool by increasing it’s incentives.
We currently have 6 pools, each receiving an equal share of 38 RLY per block - ie. 6.33 RLY (17%) each per block:
BAL RLY/USDC 90–10
BAL RLY/USDC 10–90
BAL RLY/ETH 90–10
BAL RLY/ETH 10–90
A couple of possible proposals:
Increase the UNI RLY/ETH allocation and decrease the remaining 5 pool allocations to maintain a total 38 RLY per block. This keeps from increasing the RLY emission rate, but may be a contentious vote. It’s quite possible that liquidity pool providers for the remaining 5 pools would mostly vote against a decrease of their rewards.
Increase the UNI RLY/ETH allocation, decrease the remaining 5 pool allocations and increase the RLY per block to maintain the 6.33 RLY per block for the remaining 5 pool allocations. This is a less contentious proposal, but would increases RLY inflation.
Any further thoughts, suggestions? If the community is supportive of an increase, there is also the question of how much to increase the allocation by. Perhaps we could setup the proposal with a selection of values and implement the most popular or an average.