LP rewards for Sushi DAI<>wstETH liquidity pool are set to expire on November 16th. It’s time to decide on what would be the next month of this pool in terms of LDO incentives.
From analytical dashboard it looks like the pool is operating normally.
Pool TVL was relatively steady over the past 30-days period except for one significant withdrawal of around $10m on October 29th. However, TVL decrease is not unexpected at current ETH price fluctuations, because the assets in the pool are exposed to greater impermanent loss.
The APY of the pool sits at impressive 28% and consistently provides one of the best yield farming opportunities for wstETH holders.
Based on these numbers and thoughts, we propose to continue LP rewards for Sushi DAI<>wstETH LP with the same amount of 200,000 LDO for the next 30-days period starting on November 16th.
In case you have any objections, please comment on this post. Otherwise, we will include LDO rewards allocation into the next weekly Omnibus voting held on Thursday, November 11th.