First, a bit of background. Stellaswap is the leading dex on Moonbeam. We went live in 2022 with a Uniswap V2 style dex, upgraded it to Algebra’s concentrated liquidity in 2023, and earlier this year moved to Integral (Algebra’s equivalent of Uniswap v4). Finally, we just went live with an Aerodrome style vested (VE) token model, whereby emissions are directed by voters.
Through it all Moonwell has had a preference to maintain its liquidity on V2. Even as we moved away from that dex though, we kept that pool available on our UI, as Moonwell is a very important partner.
Unfortunately, our old v2 dex is NOT included in our VE code. it only works with our Integral.
Now this isn’t calamitous, the pool is still available on stellaswap with the same incentives it had before. But the WELL LPs are missing out. I suspect that a successful project like Moonwell would be popular with voters, and WELL-GLMR could potentially see a bump in emissions if it were migrated to Integral.
So here is a proposal I want to submit for community discussion: Migrate WELL incentives from the v2 pool and turn them into Bribes on a v4 pool to direct voters (and thus Stella emissions) towards it.