# MIP-64 Rebalancing of Moonriver Token Liquidity Incentives **URL:** \ **Category:** Proposals\ **Tags:** mip, moonriver\ **Created:** [August 4, 2023, 1:38am UTC](https://forum.moonwell.fi/t/mip-64-rebalancing-of-moonriver-token-liquidity-incentives/551 "2023-08-04T01:38:36Z")\ **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:** [August 4, 2023, 1:38am UTC](https://forum.moonwell.fi/t/mip-64-rebalancing-of-moonriver-token-liquidity-incentives/551/1 "2023-08-04T01:38:36Z")
# MIP-64 Rebalancing of Moonriver Token Liquidity Incentives This is an automated proposal generated by the Moonwell Market Reward Adjustment Tool. - **Submitter** : Curly - **Generator Version** : 1.0.16 - **Generated At** : Thu, 03 Aug 2023 19:31:04 GMT - **Network** : Moonriver - **Block Height** : 4,814,307 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 `196,291,396` **MFAM** staked in the **Safety Module** , with a valuation of `$137,418.68` (based on a **MFAM** price of `$0.000700` 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 = `~34.16%`): - `2.1247` MFAM / **second** - `183,574.97` MFAM / **day** - `5,140,099.14` MFAM / **reward cycle (28 days)** - Proposed (estimated APR = `~34.16%`): - `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 `109,796,809` **MFAM** and `15,936` **MOVR** provided by liquidity providers in the **SolarBeam** **MFAM** / **MOVR** pool totaling `$153,731.98`. 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, 11 Aug 2023 03:30:00 GMT** Proposed rewards will expire at **Fri, 08 Sep 2023 03:30:00 GMT** - Current (estimated APR = `~34.24%`) days: - `2.3823` MFAM / **second** - `205,826.57` MFAM / **day** - `5,763,144.00` MFAM / **reward cycle (28 days)** - Proposed (estimated APR = `~34.24%`): - `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. * * * # MOVR Market | | | | --- | --- | | Latest price | **$4.82** | | Supplied | **244,248.71** MOVR | | Borrowed | **79,388.30** MOVR | | Supplied TVL | **$1,178,108.39** | | Borrowed TVL | **$382,921.27** | | Utilization | **32.50%** | | MFAM Incentive Share | **42%** | | MOVR Incentive Share | **42%** | | **Estimated APRs** | Current | Proposed | | --- | --- | --- | | Supply Side | **29.42%** | **8.77%** | | Borrow Side | **-7.12%** | **-7.12%** | > #### **MFAM** Incentives | | Current | Proposed | | --- | --- | --- | | **Supply Side** | **0.9465** MFAM / sec | **0.8113** MFAM / sec | | -16.67% | **81,774.30** MFAM / day | **70,092.26** MFAM / day | | | **2,289,680.53** MFAM / cycle\* | **1,962,583.31** 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** | **0.0020** MOVR / sec | **0.0004** MOVR / sec | | -366.67% | **173.70** MOVR / day | **37.22** MOVR / day | | | **4,863.74** MOVR / cycle\* | **1,042.23** 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 | **$23.34** | | Supplied | **59,850.90** xcKSM | | Borrowed | **19,011.93** xcKSM | | Supplied TVL | **$1,397,091.37** | | Borrowed TVL | **$443,792.77** | | Utilization | **31.77%** | | MFAM Incentive Share | **49%** | | MOVR Incentive Share | **49%** | | **Estimated APRs** | Current | Proposed | | --- | --- | --- | | Supply Side | **22.15%** | **8.59%** | | Borrow Side | **-7.00%** | **-7.00%** | > #### **MFAM** Incentives | | Current | Proposed | | --- | --- | --- | | **Supply Side** | **0.8306** MFAM / sec | **0.9465** MFAM / sec | | +12.24% | **71,761.12** MFAM / day | **81,774.30** MFAM / day | | | **2,009,311.48** MFAM / cycle\* | **2,289,680.53** 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** | **0.0018** MOVR / sec | **0.0005** MOVR / sec | | -251.02% | **152.43** MOVR / day | **43.43** MOVR / day | | | **4,268.18** MOVR / cycle\* | **1,215.94** 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 * * * # FRAX Market | | | | --- | --- | | Latest price | **$0.9985** | | Supplied | **243,182.17** FRAX | | Borrowed | **194,159.32** FRAX | | Supplied TVL | **$242,825.86** | | Borrowed TVL | **$193,874.84** | | Utilization | **79.84%** | | MFAM Incentive Share | **9%** | | MOVR Incentive Share | **9%** | | **Estimated APRs** | Current | Proposed | | --- | --- | --- | | Supply Side | **24.71%** | **10.11%** | | Borrow Side | **-4.07%** | **-4.07%** | > #### **MFAM** Incentives | | Current | Proposed | | --- | --- | --- | | **Supply Side** | **0.1545** MFAM / sec | **0.1738** MFAM / sec | | +11.11% | **13,350.91** MFAM / day | **15,019.77** MFAM / day | | | **373,825.39** MFAM / cycle\* | **420,553.57** 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** | **0.0003** MOVR / sec | **0.0001** MOVR / sec | | -255.56% | **28.36** MOVR / day | **7.98** MOVR / day | | | **794.08** MOVR / cycle\* | **223.33** 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: `c7e247241cdd90dc4342d6300caeaac190c9041ae4490009944fa9e00bfa8c6f` Proposal Config * * *