# MIP-R07 Rebalancing of Moonriver Token Liquidity Incentives

**URL:** <https://forum.moonwell.fi/t/mip-r07-rebalancing-of-moonriver-token-liquidity-incentives/658>\
**Category:** Proposals\
**Tags:** mip, moonriver\
**Created:** [October 26, 2023, 3:55am UTC](https://forum.moonwell.fi/t/mip-r07-rebalancing-of-moonriver-token-liquidity-incentives/658 "2023-10-26T03:55:03Z")\
**Posts on this page:** 1\
**Page:** 1

<div class="post-metadata">

**Author:** ![Curly](https://avatars.discourse-cdn.com/v4/letter/c/91b2a8/32.png) [@Curly](https://forum.moonwell.fi/u/Curly)\
**Post date:** [October 26, 2023, 3:55am UTC](https://forum.moonwell.fi/t/mip-r07-rebalancing-of-moonriver-token-liquidity-incentives/658/1 "2023-10-26T03:55:03Z")

</div>

# MIP-R07 Rebalancing of Moonriver Token Liquidity Incentives

This is an automated proposal generated by the Moonwell Market Reward Adjustment Tool.

- **Submitter** : Curly
- **Generator Version** : 1.0.20
- **Generated At** : Thu, 26 Oct 2023 03:15:20 GMT
- **Network** : Moonriver
- **Block Height** : 5,400,200

The submitter (`Curly`), as part of this proposal, will get `250,000 MFAM` sent to their wallet at `0x9F94Ff95cbC403cbfC18802eDEAeF71dA8155f36`.

# Safety Module

At the time this proposal was generated there was `269,474,332` **MFAM** staked in the **Safety Module** , with a valuation of `$124,610.46` (based on a **MFAM** price of `$0.000462` 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 = `~24.88%`):
  - `2.1247` MFAM / **second**
  - `183,574.97` MFAM / **day**
  - `5,140,099.14` MFAM / **reward cycle (28 days)**  
  
  

- Proposed (estimated APR = `~24.88%`):
  - `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 `125,497,691` **MFAM** and `13,690` **MOVR** provided by liquidity providers in the **SolarBeam**  **MFAM** / **MOVR** pool totaling `$116,065.41`.

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, 03 Nov 2023 03:30:00 GMT**

Proposed rewards will expire at **Fri, 01 Dec 2023 03:30:00 GMT**

- Current (estimated APR = `~29.95%`) days:
  - `2.3823` MFAM / **second**
  - `205,826.57` MFAM / **day**
  - `5,763,144.00` MFAM / **reward cycle (28 days)**  
  
  

- Proposed (estimated APR = `~29.95%`):
  - `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 | **$4.24** |
| Supplied | **126,638.82** MOVR |
| Borrowed | **54,118.80** MOVR |
| Supplied TVL | **$536,833.14** |
| Borrowed TVL | **$229,414.35** |
| Utilization | **42.73%** |
| MFAM Incentive Share | **38%** |
| MOVR Incentive Share | **38%** |

| **Estimated APRs** | Current | Proposed |
| --- | --- | --- |
| Supply Side | **15.05%** | **14.43%** |
| Borrow Side | **-8.77%** | **-8.77%** |

> #### **MFAM** Incentives

| | Current | Proposed |
| --- | --- | --- |
| **Supply Side** | **0.7726** MFAM / sec | **0.7340** MFAM / sec |
| -5.26% | **66,754.53** MFAM / day | **63,416.81** MFAM / day |
| | **1,869,126.96** MFAM / cycle\* | **1,775,670.61** 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** | **0.0004** MOVR / sec | **0.0004** MOVR / sec |
| -5.26% | **35.45** MOVR / day | **33.68** MOVR / day |
| | **992.60** MOVR / cycle\* | **942.97** 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 | **$19.73** |
| Supplied | **28,311.05** xcKSM |
| Borrowed | **8,582.93** xcKSM |
| Supplied TVL | **$558,593.81** |
| Borrowed TVL | **$169,346.37** |
| Utilization | **30.32%** |
| MFAM Incentive Share | **34%** |
| MOVR Incentive Share | **34%** |

| **Estimated APRs** | Current | Proposed |
| --- | --- | --- |
| Supply Side | **11.86%** | **11.56%** |
| Borrow Side | **-6.77%** | **-6.77%** |

> #### **MFAM** Incentives

| | Current | Proposed |
| --- | --- | --- |
| **Supply Side** | **0.6760** MFAM / sec | **0.6567** MFAM / sec |
| -2.94% | **58,410.22** MFAM / day | **56,741.35** MFAM / day |
| | **1,635,486.09** MFAM / cycle\* | **1,588,757.92** 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** | **0.0004** MOVR / sec | **0.0003** MOVR / sec |
| -2.94% | **31.02** MOVR / day | **30.13** MOVR / day |
| | **868.52** MOVR / cycle\* | **843.71** 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 | **$0.9998** |
| Supplied | **516,556.98** FRAX |
| Borrowed | **184,628.32** FRAX |
| Supplied TVL | **$516,444.86** |
| Borrowed TVL | **$184,588.25** |
| Utilization | **35.74%** |
| MFAM Incentive Share | **28%** |
| MOVR Incentive Share | **28%** |

| **Estimated APRs** | Current | Proposed |
| --- | --- | --- |
| Supply Side | **8.55%** | **9.51%** |
| Borrow Side | **-1.80%** | **-1.80%** |

> #### **MFAM** Incentives

| | Current | Proposed |
| --- | --- | --- |
| **Supply Side** | **0.4829** MFAM / sec | **0.5408** MFAM / sec |
| +10.71% | **41,721.58** MFAM / day | **46,728.17** MFAM / day |
| | **1,168,204.35** MFAM / cycle\* | **1,308,388.87** 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 | **0.0003** MOVR / sec |
| +10.71% | **22.16** MOVR / day | **24.82** MOVR / day |
| | **620.37** 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: `d0d4ff7b814aeeab54c64011d9ceede6dfd0f0fb8426bc7097a93827ec937cb9`

> **Proposal Config**
>
> ```
> {
> "_meta": {
> "generatedAt": "2023-10-26T02:57:23.002Z",
> "generatorVersion": "1.0.20"
> },
> "snapshotBlock": 5400200,
> "safetyModuleInfo": {
> "totalStaked": "269474331.852073586868955747",
> "stakedTVL": "124610.4588899868607658396208780787298908192761341256",
> "govTokenPrice": "0.0004624205134253420050228248",
> "emissions": {
> "emissionsPerSecond": "2.124710292658730158",
> "lastUpdateTimestamp": 1698279852,
> "emissionAPR": "24.882057252270794252",
> "emissionsPerYear": "67050757.5316071428341008"
> }
> },
> "dexInfo": {
> "govTokenTotal": "125497690.734796703626223093",
> "nativeAssetTotal": "13689.903171624637518401",
> "govTokenPrice": "0.0004624205134253420050228248",
> "nextFreeSlot": 34,
> "emissionsPerYear": "75178155.2142857142546576",
> "poolTVL": "116065.4131665589586292116922129287977548492818531064",
> "currentPoolAPR": "29.952007393169143838",
> "currentPoolRewardInfo": {
> "startTimestamp": 1696563000,
> "endTimestamp": 1698982200,
> "rewardPerSec": "2.382251984126984126"
> }
> },
> "marketData": {
> "assets": {
> "MOVR": {
> "price": "4.23908817",
> "totalSuppliedUnderlying": "126638.824071532630702817999750160919125778",
> "totalSuppliedTVL": "536833.14098434520858129456840397010786241226184626",
> "totalBorrows": "54118.795411006938644841",
> "totalBorrowedTVL": "229414.34540144980139726131463097",
> "utilization": "0.42734758323748838501",
> "baseSupplyAPR": "854757543",
> "baseBorrowAPR": "2666861284",
> "govSupplySpeed": "772621924603174603",
> "govBorrowSpeed": "1",
> "nativeSupplySpeed": "410300925925925",
> "nativeBorrowSpeed": "1",
> "nativeSupplyBorrowSplit": {
> "SUPPLY": 1,
> "BORROW": 0
> },
> "govSupplyBorrowSplit": {
> "SUPPLY": 1,
> "BORROW": 0
> }
> },
> "xcKSM": {
> "price": "19.73059322",
> "totalSuppliedUnderlying": "28311.05012755391699999841764351295",
> "totalSuppliedTVL": "558593.813697795449944611519167824988252199",
> "totalBorrows": "8582.933587699495",
> "totalBorrowedTVL": "169346.3712531739314444239",
> "utilization": "0.30316549718323934771",
> "baseSupplyAPR": "472072577",
> "baseBorrowAPR": "2076193066",
> "govSupplySpeed": "676044184027777777",
> "govBorrowSpeed": "1",
> "nativeSupplySpeed": "359013310185185",
> "nativeBorrowSpeed": "1",
> "nativeSupplyBorrowSplit": {
> "SUPPLY": 1,
> "BORROW": 0
> },
> "govSupplyBorrowSplit": {
> "SUPPLY": 1,
> "BORROW": 0
> }
> },
> "FRAX": {
> "price": "0.99978295",
> "totalSuppliedUnderlying": "516556.98182585627498644999806886200514368",
> "totalSuppliedTVL": "516444.863132950972881964189096781158645463564256",
> "totalBorrows": "184628.320979877114509611",
> "totalBorrowedTVL": "184588.24740280843218190668893245",
> "utilization": "0.35742101544591984924",
> "baseSupplyAPR": "172164058",
> "baseBorrowAPR": "566687302",
> "govSupplySpeed": "482888702876984126",
> "govBorrowSpeed": "1",
> "nativeSupplySpeed": "256438078703703",
> "nativeBorrowSpeed": "1",
> "nativeSupplyBorrowSplit": {
> "SUPPLY": 1,
> "BORROW": 0
> },
> "govSupplyBorrowSplit": {
> "SUPPLY": 1,
> "BORROW": 0
> }
> }
> },
> "totalTVL": "1611871.81781509163140787027666857625476007482610226",
> "govRewardSplits": {
> "MOVR": 0.38,
> "xcKSM": 0.34,
> "FRAX": 0.28
> },
> "nativeRewardSplits": {
> "MOVR": 0.38,
> "xcKSM": 0.34,
> "FRAX": 0.28
> }
> },
> "config": {
> "daysPerRewardCycle": 28,
> "rpc": "https://rpc.api.moonriver.moonbeam.network",
> "govTokenName": "MFAM",
> "nativeTokenName": "MOVR",
> "networkName": "Moonriver",
> "dexName": "SolarBeam",
> "govTokenUniPoolAddress": "0xE6Bfc609A2e58530310D6964ccdd236fc93b4ADB",
> "ecosystemReserve": "0xbA17581Bb6d89954B42fB84294e476e97588908B",
> "treasuryAddress": "0x45DD368E30C07804b037260071d332e547C874F0",
> "dexPoolID": 11,
> "submissionRewardAmount": 250000
> },
> "responses": {
> "name": "Curly",
> "network": "Moonriver",
> "mipNumber": "R07",
> "componentSplits": {
> "ALL_MARKETS": 0.3,
> "SAFETY_MODULE": 0.33,
> "DEX_REWARDER": 0.37
> },
> "emissionAmounts": {
> "0": 15576058,
> "1": 2481.5
> },
> "submitterWallet": "0x9F94Ff95cbC403cbfC18802eDEAeF71dA8155f36"
> }
> }
> ```