Liquidity mining incentive plan Round 4 voting

QIAN Improvement Proposals
#1

According to the in-depth discussion in the community, the following sets of Round 4 liquidity mining parameter setting plans are:

Plan One (Mining rewards deduction)

From Suggestions for the next round of liquidity mining, reduce rewards, reduce rewards!):

Ethereum network

  1. The liquidity incentive of the Balancer KUN/QUSD pool, 2500 KUN/day, 14 days duration;

  2. Uniswap's ETH/QUSD, LP 108 KUN/day; KUN/QUSD, LP 188 KUN/day for liquidity rewards, 14 days duration;

  3. Sakeswap's ETH/QUSD, LP 108 KUN/day, 14 days duration;

  4. s.finance, QUSD5 LP 150 KUN/day, 14 days duration.

BSC network

  1. Liquidity incentive of Equator KUN/QUSD pool, 2500 KUN/day, 14 days duration;

  2. Pancake’s BNB/QUSD pool, LP 108 KUN/day; KUN/QUSD pool, LP 188 KUN/day, 14 days duration;

  3. Unisave BNB/QUSD pool, LP 108 KUN/day for 14 days duration; with other stablecoins in Unisave, each pool is put to 108 KUN/day；

  4. StableXSwap, each pool LP with 108 KUN/day for a total of 14 days. In addition, StableXSwap proposes to launch a trading competition, the prize for the trading competition is 1888 KUN.

Plan Two

Ethereum network

  1. The liquidity incentive of the Balancer KUN/QUSD pool, 500 KUN/day, with 14 days duration;

  2. Uniswap's ETH/QUSD, UNI/QUSD, renBTC/QUSD, tBTC/QUSD, CRV/QUSD, Cover/QUSD, each pool with LP 108 KUN/day; KUN/USDC, 1000 KUN/day, for a total of 14 days;

  3. Sakeswap's ETH/QUSD, 108 KUN/day, a total of 14 days;

  4. s.finance, according to the suggestions of our DAO community member Tianming, set as follows:

KUN will be rewarded only when the exchange price is within a certain range, and the more stable the QUSD price, the more rewards will be. Take a snapshot of each block to assess the deviation between the price of QUSD and USD5 in s.finance. The reward gradient is:

Deviation exceeds 5%, reward multiple*0,

Deviation is within 4-5%, reward multiple*1,

Deviation is within 2-4%, reward multiple*2,

Deviation from 1-2%, reward multiple*3,

Deviation from 0-1%, reward multiple*5.

The recommended base reward is 600 KUN.

  1. Unisave Ethereum version, ETH/QUSD, Y3D/QUSD, YFII/QUSD, SFG/QUSD trading pairs, LP with 108 KUN/day; QUSD/USDT, QUSD/USDC, QUSD/DAI trading pairs, 300 KUN/day each pool with 14 days duration; KUN/USDT trading pair, 500 KUN/day with 14 days duration.

BSC network

  1. Liquidity incentive of Equator KUN/QUSD pool, 500 KUN/day, with 14 days duration;

  2. Pancake’s BNB/QUSD, CAKE/QUSD, FOR/QUSD, CREAM/QUSD, DOT/QUSD, LINK/QUSD, EOS/QUSD, YFI/QUSD, BAND/QUSD, ADA/QUSD, TWT/QUSD pairs, LP lock up 108 KUN/day; KUN/BUSD, LP lock up 500 KUN/day mining rewards with 14 days duration;

  3. Unisave BNB/QUSD, Y3D/QUSD, LP lock up 108 KUN/day, a total of 14 days; QUSD/BUSD, QUSD/USDT, QUSD/DAI, QUSD/USDC, QUSD/VAI, LP lock each 300 KUN/day; KUN/USDT, LP 500 KUN/day with 14 days duration;

  4. StableXSwap, QUSD/BUSD, QUSD/USDT, QUSD/DAI, QUSD/USDC, QUSD/VAI, LP 300 KUN/day each pool; STAX/QUSD, 108 KUN/day with 14 days duration; KUN/QUSD LP 500 KUN/day with 14 days duration.

  5. StableXSwap trading competition, the prize pool is 1888 KUN, the rewards distribution method will be jointly decided with stableXswap;

  6. ACryptoS is a Curve fork protocol on BSC network, they have launched a QUSD metapool, link is: https://app.acryptos.com/stableswap/qusd/, it is suggested to give LP rewards following the rule of s.finance:

KUN will be rewarded only when the exchange price is within a certain range, and the more stable the QUSD price, the more rewards will be. Take a snapshot of each block to assess the deviation between the price of QUSD and ACS4 in s.finance. The reward gradient is:

Deviation exceeds 5%, reward multiple*0,

Deviation is within 4-5%, reward multiple*1,

Deviation is within 2-4%, reward multiple*2,

Deviation from 1-2%, reward multiple*3,

Deviation from 0-1%, reward multiple*5.

The recommended base reward is 200 KUN.

Plan Three

From the post of Bsc network 4th round of KUN mining!

  1. The liquidity reward of the Equator trading pool is 26,800 KUN per day for 14 days.

  2. Pancake BUSD/QUSD trading pool, LP rewards of 888 KUN/day; lasts for 14 days. (Abolished stableXswap)

  3. Pancake KUN/QUSD trading pool, LP rewards of 5888 KUN/day; lasts for 14 days. (Withdraw the income at any time, without any privileges)

  4. Delete StableXSwap, Unisave and other pools, because these are not used at all and waste resources;

  5. Add corresponding privileges to items 1 and 2 above. The privileges are as follows:

During the 14-day mining period, if you do not withdrawal KUN income, you will get an extra bonus of 50% of the KUN income you mined. The extra 50% will be released linearly every day.

For example A total of 1000 KUN were mined in 14 days, and you did not withdrawal them halfway. You can receive 1000 KUN immediately at the end of the 14-day period. The extra 500 KUN reward will be released daily from the 15th day, which means 35 KUN will be released daily, and the release will be completed within 14 days.

During the 14-day mining period, each time you receive KUN income, reduce your own mining KUN weight by 30%.

For example The initial weight during the 14-day mining period is 100. After receiving the income KUN once, the weight is reduced to 70. After receiving the income KUN again, the weight is reduced to 49, and so on.

Weight reduction formula: 100-(current weight x 30%)

The community is now invited to vote to determine the specific implementation plan. If community members have comments on the above plan, they can leave a message within 24 hours

For voting methods, please refer to Guide to QIAN Community Governance Voting

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