Improve Yam Farming Pool Incentive to 150% (APR) or Over

Proposals
#1

*** Basic Summary/Abstract ***

Currently, our APR rate (61.94%) is not competitive with other projects. To incentive yam investors to create a larger pool, we need to put more yam BoU to our farm. Based on my research, 150% or over will be a good rate to keep us with the industry.

*** Motivation ***

Make Yam Community Consensus United Again!

*** Risks ***

There is no risk.

*** Specifications ***

  1. Let’s do a calculation based on the pool size, keep yam’s incentive rate to APR 150% for uniswap and sushiswap pool.
  2. Repeat #1 on every Monday.
Let’s Keep Yam Farming Competitive
  • Yes
  • No

0 voters

#2

I don’t think this is necessary right now. If the scaling factor was a lot lower, I’d say yes. But the higher this floats, the higher the probability that it will retrace. I also don’t think 150% will be sufficient to move a significant amount of liquidity. I don’t think double the current rewards will get close to doubling the liquidity.

#3

APR is going to be less dependent on the amount of YAM we incentivize with, and more dependent on the minimum % people are willing to accept before entering the farming pool. As we’ve seen, people are more than content farming for ~60% APR. Adding more YAM issuance will come with more YAM selling, and likely wouldn’t increase the APR as more people would just join the pool.

I don’t see a reason to compete on the APR. The only reason I see to increase the issuance for farming is if we don’t think we have enough liquidity, which I don’t think is the case