# MIP-R16 Rebalancing of Moonriver Token Liquidity Incentives

**URL:** https://forum.moonwell.fi/t/mip-r16-rebalancing-of-moonriver-token-liquidity-incentives/863
**Category:** Proposals
**Tags:** mip, moonriver
**Created:** [April 10, 2024, 5:56am UTC](https://forum.moonwell.fi/t/mip-r16-rebalancing-of-moonriver-token-liquidity-incentives/863 "2024-04-10T05:56:48Z")
**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: [April 10, 2024, 5:56am UTC](https://forum.moonwell.fi/t/mip-r16-rebalancing-of-moonriver-token-liquidity-incentives/863/1 "2024-04-10T05:56:48Z")

</div>

# MIP-R16 Rebalancing of Moonriver Token Liquidity Incentives

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

- **Submitter** : Curly
- **Generator Version** : 1.0.26
- **Generated At** : Tue, 09 Apr 2024 04:04:17 GMT
- **Network** : Moonriver
- **Block Height** : 6,510,364

The submitter (`Curly`), as part of this proposal, will get `150,000 MFAM` sent to their wallet at `0x9F94Ff95cbC403cbfC18802eDEAeF71dA8155f36`.

# Safety Module

At the time this proposal was generated there was `328,949,496` **MFAM** staked in the **Safety Module** , with a valuation of `$694,113.82` (based on a **MFAM** price of `$0.002110` pulled from **SolarBeam** ).

This proposal, if executed, would adjust the rewards on the **Safety Module** to keep emissions the same and emits `2,431,211` **MFAM** over the next **28 days** :

- Current (estimated APR = `~9.64%`):
  - `1.0050` MFAM / **second**
  - `86,828.95` MFAM / **day**
  - `2,431,210.65` MFAM / **reward cycle (28 days)**  
  
  

- Proposed (estimated APR = `~9.64%`):
  - `1.0050` MFAM / **second**
  - `86,828.95` MFAM / **day**
  - `2,431,210.65` MFAM / **reward cycle (28 days)**

# DEX Liquidity Pool Rewarder

At the time this proposal was generated there were `59,018,211` **MFAM** and `6,391` **MOVR** provided by liquidity providers in the **SolarBeam**  **MFAM** / **MOVR** pool totaling `$249,067.75`.

This proposal, if executed, would adjust the rewards on the **Dex Rewarder** to keep emissions the same and emits `2,725,903` **MFAM** over the next **28 days** :

Current rewards will expire at **Fri, 19 Apr 2024 03:30:00 GMT**

Proposed rewards will expire at **Fri, 17 May 2024 03:30:00 GMT**

- Current (estimated APR = `~30.12%`) days:
  - `1.1268` MFAM / **second**
  - `97,353.75` MFAM / **day**
  - `2,725,905.00` MFAM / **reward cycle (28 days)**  
  
  

- Proposed (estimated APR = `~30.12%`):
  - `1.1268` MFAM / **second**
  - `97,353.67` MFAM / **day**
  - `2,725,902.85` 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 | **$19.48** |
| Supplied | **151,733.76** MOVR |
| Borrowed | **14,563.69** MOVR |
| Supplied TVL | **$2,956,499.65** |
| Borrowed TVL | **$283,770.31** |
| Utilization | **9.60%** |
| MFAM Incentive Share | **55%** |
| MOVR Incentive Share | **55%** |

| **Estimated APRs** | Current | Proposed |
| --- | --- | --- |
| Supply Side | **8.41%** | **8.41%** |
| Borrow Side | **-3.50%** | **-3.50%** |

> #### **MFAM** Incentives

| | Current | Proposed |
| --- | --- | --- |
| **Supply Side** | **0.5025** MFAM / sec | **0.5025** MFAM / sec |
| +0.00% | **43,414.48** MFAM / day | **43,414.48** MFAM / day |
| | **1,215,605.32** MFAM / cycle\* | **1,215,605.32** 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 |
| +0.00% | **29.25** MOVR / day | **29.25** MOVR / day |
| | **818.89** MOVR / cycle\* | **818.90** 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 | **$43.45** |
| Supplied | **32,950.29** xcKSM |
| Borrowed | **8,559.36** xcKSM |
| Supplied TVL | **$1,431,546.64** |
| Borrowed TVL | **$371,866.99** |
| Utilization | **25.98%** |
| MFAM Incentive Share | **36%** |
| MOVR Incentive Share | **36%** |

| **Estimated APRs** | Current | Proposed |
| --- | --- | --- |
| Supply Side | **12.19%** | **12.19%** |
| Borrow Side | **-6.07%** | **-6.07%** |

> #### **MFAM** Incentives

| | Current | Proposed |
| --- | --- | --- |
| **Supply Side** | **0.3289** MFAM / sec | **0.3289** MFAM / sec |
| +0.00% | **28,416.75** MFAM / day | **28,416.75** MFAM / day |
| | **795,668.94** MFAM / cycle\* | **795,668.94** 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 | **0.0002** MOVR / sec |
| +0.00% | **19.14** MOVR / day | **19.14** MOVR / day |
| | **536.00** MOVR / cycle\* | **536.00** 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 | **$0.9981** |
| Supplied | **227,545.49** FRAX |
| Borrowed | **204,612.29** FRAX |
| Supplied TVL | **$227,108.82** |
| Borrowed TVL | **$204,219.64** |
| Utilization | **89.92%** |
| MFAM Incentive Share | **9%** |
| MOVR Incentive Share | **9%** |

| **Estimated APRs** | Current | Proposed |
| --- | --- | --- |
| Supply Side | **89.33%** | **89.33%** |
| Borrow Side | **-123.29%** | **-123.29%** |

> #### **MFAM** Incentives

| | Current | Proposed |
| --- | --- | --- |
| **Supply Side** | **0.0822** MFAM / sec | **0.0822** MFAM / sec |
| +0.00% | **7,104.19** MFAM / day | **7,104.19** MFAM / day |
| | **198,917.23** MFAM / cycle\* | **198,917.23** 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** | **0.0001** MOVR / sec | **0.0001** MOVR / sec |
| +0.00% | **4.79** MOVR / day | **4.79** MOVR / day |
| | **134.00** MOVR / cycle\* | **134.00** 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: `ccbe7cda0aeb7001da2e1b850e36cabbd1ed2284cdc54c6e0f3c8f54de2bb7dc`

> **Proposal Config**
>
> ```
> {
> "_meta": {
> "generatedAt": "2024-04-09T03:56:51.891Z",
> "generatorVersion": "1.0.26"
> },
> "snapshotBlock": 6510364,
> "safetyModuleInfo": {
> "totalStaked": "328949496.418033770674673369",
> "stakedTVL": "694113.8165544119537536551869829158647504553319699165",
> "govTokenPrice": "0.0021100923519041418182181285",
> "emissions": {
> "emissionsPerSecond": "1.004964719742063492",
> "lastUpdateTimestamp": 1712630322,
> "emissionAPR": "9.641077121282224014",
> "emissionsPerYear": "31714274.6397321428551392"
> }
> },
> "dexInfo": {
> "govTokenTotal": "59018210.761951998408780138",
> "nativeAssetTotal": "6391.339734285002527206",
> "govTokenPrice": "0.0021100923519041418182181285",
> "nextFreeSlot": 40,
> "emissionsPerYear": "35558457.1874999999719488",
> "poolTVL": "249067.750303723254882636551875660465618520482331733",
> "currentPoolAPR": "30.124987464397947317",
> "currentPoolRewardInfo": {
> "startTimestamp": 1711078200,
> "endTimestamp": 1713497400,
> "rewardPerSec": "1.126779513888888888"
> }
> },
> "marketData": {
> "assets": {
> "MOVR": {
> "price": "19.48478415",
> "totalSuppliedUnderlying": "151733.764662629385920868999771377281346112",
> "totalSuppliedTVL": "2956499.6527182311561151814409716856752428137617248",
> "totalBorrows": "14563.687478430521921172",
> "totalBorrowedTVL": "283770.3069452765004058797350238",
> "utilization": "0.09598185025470090775",
> "baseSupplyAPR": "78517749",
> "baseBorrowAPR": "1090730514",
> "govSupplySpeed": "502482359871031746",
> "govBorrowSpeed": "1",
> "nativeSupplySpeed": "338498263888888",
> "nativeBorrowSpeed": "1",
> "nativeSupplyBorrowSplit": {
> "SUPPLY": 1,
> "BORROW": 0
> },
> "govSupplyBorrowSplit": {
> "SUPPLY": 1,
> "BORROW": 0
> }
> },
> "xcKSM": {
> "price": "43.44564413",
> "totalSuppliedUnderlying": "32950.29163074877499993528962011428",
> "totalSuppliedTVL": "1431546.6441692286440806293658639678988111764",
> "totalBorrows": "8559.36185649739",
> "totalBorrowedTVL": "371866.9891972817342138207",
> "utilization": "0.25976589076710650634",
> "baseSupplyAPR": "364275720",
> "baseBorrowAPR": "1869764192",
> "govSupplySpeed": "328897544642857142",
> "govBorrowSpeed": "1",
> "nativeSupplySpeed": "221562500000000",
> "nativeBorrowSpeed": "1",
> "nativeSupplyBorrowSplit": {
> "SUPPLY": 1,
> "BORROW": 0
> },
> "govSupplyBorrowSplit": {
> "SUPPLY": 1,
> "BORROW": 0
> }
> },
> "FRAX": {
> "price": "0.99808099",
> "totalSuppliedUnderlying": "227545.485085323364719795999174102241807996",
> "totalSuppliedTVL": "227108.82302398977832966506345372714786494403759604",
> "totalBorrows": "204612.292380230968145544",
> "totalBorrowedTVL": "204219.63934503038111536301960856",
> "utilization": "0.89921490775133124092",
> "baseSupplyAPR": "17197962375",
> "baseBorrowAPR": "25500707677",
> "govSupplySpeed": "82224386160714285",
> "govBorrowSpeed": "1",
> "nativeSupplySpeed": "55390625000000",
> "nativeBorrowSpeed": "1",
> "nativeSupplyBorrowSplit": {
> "SUPPLY": 1,
> "BORROW": 0
> },
> "govSupplyBorrowSplit": {
> "SUPPLY": 1,
> "BORROW": 0
> }
> }
> },
> "totalTVL": "4615155.11991144957852547587028938072191893419932084",
> "govRewardSplits": {
> "MOVR": 0.55,
> "xcKSM": 0.36,
> "FRAX": 0.09
> },
> "nativeRewardSplits": {
> "MOVR": 0.55,
> "xcKSM": 0.36,
> "FRAX": 0.09
> }
> },
> "config": {
> "daysPerRewardCycle": 28,
> "rpc": "https://rpc.api.moonriver.moonbeam.network",
> "govTokenName": "MFAM",
> "nativeTokenName": "MOVR",
> "networkName": "Moonriver",
> "dexName": "SolarBeam",
> "govTokenUniPoolAddress": "0xE6Bfc609A2e58530310D6964ccdd236fc93b4ADB",
> "ecosystemReserve": "0xbA17581Bb6d89954B42fB84294e476e97588908B",
> "treasuryAddress": "0x5d6C4DCb86b8A761C062a5274a77AaD5F7209AA3",
> "dexPoolID": 11,
> "submissionRewardAmount": 150000
> },
> "responses": {
> "name": "Curly",
> "network": "Moonriver",
> "mipNumber": "R16",
> "componentSplits": {
> "ALL_MARKETS": 0.3,
> "SAFETY_MODULE": 0.33,
> "DEX_REWARDER": 0.37
> },
> "emissionAmounts": {
> "0": 7367305,
> "1": 1488.9
> },
> "submitterWallet": "0x9F94Ff95cbC403cbfC18802eDEAeF71dA8155f36"
> }
> }
> ```