New #ProtoFi Proposal is now #Live 🚀
👉Increase the Protocol #Profitability through these massive changes. 🤓
$PROTO 📈
snapshot.org/#/protofi.eth/…
🧵 short-thread
👉Increase the Protocol #Profitability through these massive changes. 🤓
$PROTO 📈
snapshot.org/#/protofi.eth/…
🧵 short-thread
In order to improve the profitability of the protocol the ProtoFi team spent the last days focused on numbers, simulations and case scenarios. 🤓
With the arrival of #Solidly, the DEXs profitability changed a lot for some pairs, above all stables pairs.👇
Because of the low (0.001%) swap fees for stable pairs on Solidly almost all the stable swaps goes through their DEX and this left our stable pools not worthy to be incentivized like this anymore.
🔥🔥🔥🔥
🔥🔥🔥🔥
The calculations suggest that, the best thing to do, given the current situation, is to migrate the majority of the incentives towards non-stable farms.🧑🌾
To read the methodology used to make some calculations give a look at the #snapshot governance link🧠
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