The LP rewards for the stETH<>DAI LP on 1inch are set to expire on December 24th, 2021.
Over the last month the pool was incentivized with 50,000 LDO. Currently the pool TVL is $9.178MM, & daily trade volumes peaking at $67,847 / $1M liquidity (Dune Analytics) With APY of 17.52% pool is still one of the most profitable liquidity mining options for stETH holders despite impermanent loss exposure.
We propose to continue 1inch LP rewards for the next 30-days period starting on December 24th, 2021, with the same amount of 50,000 LDO.
If the proposal is controversial to you, please express your opinion and we can start a snapshot voting. Otherwise, the rewards would be funded for the next period with Easy Track motion starting on Monday, December 20th, 2021.