carbon

Prop 398: [CIP-109] Set pool reward weights

Proposal Description Summary: Following Demex's support of ETH as a group token, Switcheo Labs Team is proposing rewards for ETH/SWTH market pair from the block rewards.

Motivation: $ETH is the native token for Ethereum and most Ethereum L2 chains. The rewards will incentivise $ETH traders and community members from the Ethereum Ecosystem to integrate themselves into the Demex Ecosystem and accumulate $SWTH.

Description: • We are proposing to assign 16x rewards to the ETH/SWTH pair to attract users to trade and generate high liquidity. This reward is in line with the 16x weights of the SWTH/USD pair. • 16x being a moderately large weight, will also support SWTH liquidity as $SWTH is the quote token. • This proposal is initiated by the Switcheo Labs Team.

Benefits: • The allocation of rewards will enable a better trading experience with high liquidity and low slippage rate for users trading ETH.

More information here: https://common.xyz/carbon-protocol/discussion/26260-[CIP-110]%20Refresh%20LP%20Rewards%20\u0026%20Reallocate%20Pool%20Weights%20