# MIP-53 Rebalancing of Moonriver Token Liquidity Incentives **URL:** \ **Category:** Moonwell Improvement Proposal\ **Tags:** mip, moonriver\ **Created:** [June 9, 2023, 9:23pm UTC](https://forum.moonwell.fi/t/mip-53-rebalancing-of-moonriver-token-liquidity-incentives/518 "2023-06-09T21:23:56Z")\ **Posts on this page:** 1\ **Page:** 1
**Author:** ![Curly](https://avatars.discourse-cdn.com/v4/letter/c/91b2a8/32.png) [@Curly](https://forum.moonwell.fi/u/Curly)\ **Post date:** [June 9, 2023, 9:23pm UTC](https://forum.moonwell.fi/t/mip-53-rebalancing-of-moonriver-token-liquidity-incentives/518/1 "2023-06-09T21:23:56Z")
# MIP-53 Rebalancing of Moonriver Token Liquidity Incentives This is an automated proposal generated by the Moonwell Market Reward Adjustment Tool. - **Submitter** : Curly - **Generator Version** : 1.0.13 - **Generated At** : Thu, 08 Jun 2023 19:56:32 GMT - **Network** : Moonriver - **Block Height** : 4,416,439 The submitter (`Curly`), as part of this proposal, will get `100,000 MFAM` sent to their wallet at `0x9F94Ff95cbC403cbfC18802eDEAeF71dA8155f36`. # Safety Module At the time this proposal was generated there was `179,284,982` **MFAM** staked in the **Safety Module** , with a valuation of `$176,600.53` (based on a **MFAM** price of `$0.000985` pulled from **SolarBeam** ). This proposal, if executed, would adjust the rewards on the **Safety Module** to keep emissions the same and emits `5,140,099` **MFAM** over the next **28 days** : - Current (estimated APR = `~37.40%`): - `2.1247` MFAM / **second** - `183,574.97` MFAM / **day** - `5,140,099.14` MFAM / **reward cycle (28 days)** - Proposed (estimated APR = `~37.40%`): - `2.1247` MFAM / **second** - `183,574.97` MFAM / **day** - `5,140,099.14` MFAM / **reward cycle (28 days)** # DEX Liquidity Pool Rewarder At the time this proposal was generated there were `103,744,160` **MFAM** and `17,731` **MOVR** provided by liquidity providers in the **SolarBeam** **MFAM** / **MOVR** pool totaling `$204,381.57`. This proposal, if executed, would adjust the rewards on the **Dex Rewarder** to keep emissions the same and emits `5,763,141` **MFAM** over the next **28 days** : Current rewards will expire at **Fri, 16 Jun 2023 03:30:00 GMT** Proposed rewards will expire at **Fri, 14 Jul 2023 03:30:00 GMT** - Current (estimated APR = `~36.23%`) days: - `2.3823` MFAM / **second** - `205,826.57` MFAM / **day** - `5,763,144.00` MFAM / **reward cycle (28 days)** - Proposed (estimated APR = `~36.23%`): - `2.3823` MFAM / **second** - `205,826.48` MFAM / **day** - `5,763,141.46` MFAM / **reward cycle (28 days)** # Core Protocol Rewards Below are the current markets supported by the Moonwell Protocol, along with the proposed adjustments to the reward outputs. * * * # USDC.multi Market | | | | --- | --- | | Latest price | **$1.00** | | Supplied | **1,868,826.86** USDC.multi | | Borrowed | **1,372,985.36** USDC.multi | | Supplied TVL | **$1,868,827.65** | | Borrowed TVL | **$1,372,985.93** | | Utilization | **73.47%** | | MFAM Incentive Share | **44%** | | MOVR Incentive Share | **44%** | | **Estimated APRs** | Current | Proposed | | --- | --- | --- | | Supply Side | **29.91%** | **21.29%** | | Borrow Side | **-3.74%** | **-3.74%** | > #### **MFAM** Incentives | | Current | Proposed | | --- | --- | --- | | **Supply Side** | **1.2362** MFAM / sec | **0.8499** MFAM / sec | | -45.45% | **106,807.25** MFAM / day | **73,429.99** MFAM / day | | | **2,990,603.14** MFAM / cycle\* | **2,056,039.66** MFAM / cycle\* | | | | | | **Borrow Side** | **0** MFAM / sec | **0** MFAM / sec | | +0% | **0** MFAM / day | **0** MFAM / day | | | **0** MFAM / cycle\* | **0** MFAM / cycle\* | > #### **MOVR** Incentives | | Current | Proposed | | --- | --- | --- | | **Supply Side** | **0.0026** MOVR / sec | **0.0018** MOVR / sec | | -45.45% | **226.88** MOVR / day | **155.98** MOVR / day | | | **6,352.64** MOVR / cycle\* | **4,367.44** MOVR / cycle\* | | | | | | **Borrow Side** | **0** MOVR / sec | **0** MOVR / sec | | +0% | **0** MOVR / day | **0** MOVR / day | | | **0** MOVR / cycle\* | **0** MOVR / cycle\* | - Reward cycle is **28 days** long * * * # ETH.multi Market | | | | --- | --- | | Latest price | **$1,846.14** | | Supplied | **239.09** ETH.multi | | Borrowed | **75.12** ETH.multi | | Supplied TVL | **$441,385.87** | | Borrowed TVL | **$138,675.11** | | Utilization | **31.42%** | | MFAM Incentive Share | **10%** | | MOVR Incentive Share | **10%** | | **Estimated APRs** | Current | Proposed | | --- | --- | --- | | Supply Side | **28.98%** | **19.85%** | | Borrow Side | **-6.94%** | **-6.94%** | > #### **MFAM** Incentives | | Current | Proposed | | --- | --- | --- | | **Supply Side** | **0.2897** MFAM / sec | **0.1932** MFAM / sec | | -50.00% | **25,032.95** MFAM / day | **16,688.63** MFAM / day | | | **700,922.61** MFAM / cycle\* | **467,281.74** MFAM / cycle\* | | | | | | **Borrow Side** | **0** MFAM / sec | **0** MFAM / sec | | +0% | **0** MFAM / day | **0** MFAM / day | | | **0** MFAM / cycle\* | **0** MFAM / cycle\* | > #### **MOVR** Incentives | | Current | Proposed | | --- | --- | --- | | **Supply Side** | **0.0006** MOVR / sec | **0.0004** MOVR / sec | | -50.00% | **53.17** MOVR / day | **35.45** MOVR / day | | | **1,488.90** MOVR / cycle\* | **992.60** MOVR / cycle\* | | | | | | **Borrow Side** | **0** MOVR / sec | **0** MOVR / sec | | +0% | **0** MOVR / day | **0** MOVR / day | | | **0** MOVR / cycle\* | **0** MOVR / cycle\* | - Reward cycle is **28 days** long * * * # MOVR Market | | | | --- | --- | | Latest price | **$5.76** | | Supplied | **142,234.57** MOVR | | Borrowed | **14,853.16** MOVR | | Supplied TVL | **$819,751.77** | | Borrowed TVL | **$85,604.38** | | Utilization | **10.44%** | | MFAM Incentive Share | **19%** | | MOVR Incentive Share | **19%** | | **Estimated APRs** | Current | Proposed | | --- | --- | --- | | Supply Side | **6.18%** | **18.95%** | | Borrow Side | **-3.63%** | **-3.63%** | > #### **MFAM** Incentives | | Current | Proposed | | --- | --- | --- | | **Supply Side** | **0.1159** MFAM / sec | **0.3670** MFAM / sec | | +68.42% | **10,013.18** MFAM / day | **31,708.40** MFAM / day | | | **280,369.04** MFAM / cycle\* | **887,835.31** MFAM / cycle\* | | | | | | **Borrow Side** | **0** MFAM / sec | **0** MFAM / sec | | +0% | **0** MFAM / day | **0** MFAM / day | | | **0** MFAM / cycle\* | **0** MFAM / cycle\* | > #### **MOVR** Incentives | | Current | Proposed | | --- | --- | --- | | **Supply Side** | **0.0002** MOVR / sec | **0.0008** MOVR / sec | | +68.42% | **21.27** MOVR / day | **67.36** MOVR / day | | | **595.56** MOVR / cycle\* | **1,885.94** MOVR / cycle\* | | | | | | **Borrow Side** | **0** MOVR / sec | **0** MOVR / sec | | +0% | **0** MOVR / day | **0** MOVR / day | | | **0** MOVR / cycle\* | **0** MOVR / cycle\* | - Reward cycle is **28 days** long * * * # xcKSM Market | | | | --- | --- | | Latest price | **$25.78** | | Supplied | **22,158.92** xcKSM | | Borrowed | **1,316.15** xcKSM | | Supplied TVL | **$571,150.49** | | Borrowed TVL | **$33,924.14** | | Utilization | **5.94%** | | MFAM Incentive Share | **13%** | | MOVR Incentive Share | **13%** | | **Estimated APRs** | Current | Proposed | | --- | --- | --- | | Supply Side | **7.18%** | **18.47%** | | Borrow Side | **-2.93%** | **-2.93%** | > #### **MFAM** Incentives | | Current | Proposed | | --- | --- | --- | | **Supply Side** | **0.0966** MFAM / sec | **0.2511** MFAM / sec | | +61.54% | **8,344.32** MFAM / day | **21,695.22** MFAM / day | | | **233,640.87** MFAM / cycle\* | **607,466.26** MFAM / cycle\* | | | | | | **Borrow Side** | **0** MFAM / sec | **0** MFAM / sec | | +0% | **0** MFAM / day | **0** MFAM / day | | | **0** MFAM / cycle\* | **0** MFAM / cycle\* | > #### **MOVR** Incentives | | Current | Proposed | | --- | --- | --- | | **Supply Side** | **0.0002** MOVR / sec | **0.0005** MOVR / sec | | +61.54% | **17.72** MOVR / day | **46.08** MOVR / day | | | **496.30** MOVR / cycle\* | **1,290.38** MOVR / cycle\* | | | | | | **Borrow Side** | **0** MOVR / sec | **0** MOVR / sec | | +0% | **0** MOVR / day | **0** MOVR / day | | | **0** MOVR / cycle\* | **0** MOVR / cycle\* | - Reward cycle is **28 days** long * * * # FRAX Market | | | | --- | --- | | Latest price | **$0.9990** | | Supplied | **285,725.01** FRAX | | Borrowed | **135,676.30** FRAX | | Supplied TVL | **$285,435.47** | | Borrowed TVL | **$135,538.82** | | Utilization | **47.48%** | | MFAM Incentive Share | **7%** | | MOVR Incentive Share | **7%** | | **Estimated APRs** | Current | Proposed | | --- | --- | --- | | Supply Side | **15.08%** | **20.72%** | | Borrow Side | **-2.40%** | **-2.40%** | > #### **MFAM** Incentives | | Current | Proposed | | --- | --- | --- | | **Supply Side** | **0.0966** MFAM / sec | **0.1352** MFAM / sec | | +28.57% | **8,344.32** MFAM / day | **11,682.04** MFAM / day | | | **233,640.87** MFAM / cycle\* | **327,097.22** MFAM / cycle\* | | | | | | **Borrow Side** | **0** MFAM / sec | **0** MFAM / sec | | +0% | **0** MFAM / day | **0** MFAM / day | | | **0** MFAM / cycle\* | **0** MFAM / cycle\* | > #### **MOVR** Incentives | | Current | Proposed | | --- | --- | --- | | **Supply Side** | **0.0002** MOVR / sec | **0.0003** MOVR / sec | | +28.57% | **17.72** MOVR / day | **24.82** MOVR / day | | | **496.30** MOVR / cycle\* | **694.82** MOVR / cycle\* | | | | | | **Borrow Side** | **0** MOVR / sec | **0** MOVR / sec | | +0% | **0** MOVR / day | **0** MOVR / day | | | **0** MOVR / cycle\* | **0** MOVR / cycle\* | - Reward cycle is **28 days** long * * * # USDT.multi Market | | | | --- | --- | | Latest price | **$1.00** | | Supplied | **256,533.30** USDT.multi | | Borrowed | **198,288.41** USDT.multi | | Supplied TVL | **$256,538.43** | | Borrowed TVL | **$198,292.38** | | Utilization | **77.30%** | | MFAM Incentive Share | **7%** | | MOVR Incentive Share | **7%** | | **Estimated APRs** | Current | Proposed | | --- | --- | --- | | Supply Side | **18.28%** | **24.56%** | | Borrow Side | **-3.94%** | **-3.94%** | > #### **MFAM** Incentives | | Current | Proposed | | --- | --- | --- | | **Supply Side** | **0.0966** MFAM / sec | **0.1352** MFAM / sec | | +28.57% | **8,344.32** MFAM / day | **11,682.04** MFAM / day | | | **233,640.87** MFAM / cycle\* | **327,097.22** MFAM / cycle\* | | | | | | **Borrow Side** | **0** MFAM / sec | **0** MFAM / sec | | +0% | **0** MFAM / day | **0** MFAM / day | | | **0** MFAM / cycle\* | **0** MFAM / cycle\* | > #### **MOVR** Incentives | | Current | Proposed | | --- | --- | --- | | **Supply Side** | **0.0002** MOVR / sec | **0.0003** MOVR / sec | | +28.57% | **17.72** MOVR / day | **24.82** MOVR / day | | | **496.30** MOVR / cycle\* | **694.82** MOVR / cycle\* | | | | | | **Borrow Side** | **0** MOVR / sec | **0** MOVR / sec | | +0% | **0** MOVR / day | **0** MOVR / day | | | **0** MOVR / cycle\* | **0** MOVR / cycle\* | - Reward cycle is **28 days** long * * * # Definitions **MFAM** - The Moonwell Apollo governance token **Liquidity Incentives** - MFAM tokens that have been allocated for use as rewards to incentivize liquidity growth. **Core** - Moonwell Apollo lending protocol ([Moonwell: DeFi’s Liquidity Well](https://moonwell.fi/apollo)). **DEX LP** - Solarbeam’s MFAM/MOVR farm ([Solarbeam - The DEX on Moonriver, powered by SOLAR](https://app.solarbeam.io/farm)). **Safety Module** - Smart contract that allows users to stake their MFAM tokens in order to earn liquidity incentives and help backstop the Moonwell protocol. **Reward Speed** - The rate at which MFAM tokens (on a per second basis) are distributed proportionally to DEX LPs, wallets staking in the Safety Module, and those supplying/borrowing on Moonwell. * * * Config Hash: `27f52c67cb6b6c8ae001e1bac98b0860841ae941265fe54ec6637d9fa12579cd`