MIP-R18 Rebalancing of Moonriver Token Liquidity Incentives
This is an automated proposal generated by the Moonwell Market Reward Adjustment Tool.
- Submitter: Curly
- Generator Version: 1.0.33
- Generated At: Sun, 12 May 2024 00:20:56 GMT
- Network: Moonriver
- Block Height: 6,737,465
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 356,519,021
MFAM staked in the Safety Module, with a valuation of $727,292.52
(based on a MFAM price of $0.002040
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 =
~8.90%
):1.0050
MFAM / second86,828.95
MFAM / day2,431,210.65
MFAM / reward cycle (28 days)
- Proposed (estimated APR =
~8.90%
):1.0050
MFAM / second86,828.95
MFAM / day2,431,210.65
MFAM / reward cycle (28 days)
DEX Liquidity Pool Rewarder
At the time this proposal was generated there were 52,553,778
MFAM and 6,655
MOVR provided by liquidity providers in the SolarBeam MFAM/MOVR pool totaling $214,417.56
.
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, 17 May 2024 03:30:00 GMT
Proposed rewards will expire at Fri, 14 Jun 2024 03:30:00 GMT
- Current (estimated APR =
~33.83%
) days:1.1268
MFAM / second97,353.75
MFAM / day2,725,905.00
MFAM / reward cycle (28 days)
- Proposed (estimated APR =
~33.83%
):1.1268
MFAM / second97,353.67
MFAM / day2,725,902.85
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 | $16.11 |
Supplied | 147,401.60 MOVR |
Borrowed | 14,564.71 MOVR |
Supplied TVL | $2,374,621.30 |
Borrowed TVL | $234,635.70 |
Utilization | 9.88% |
MFAM Incentive Share | 56% |
MOVR Incentive Share | 56% |
Estimated APRs | Current | Proposed |
---|---|---|
Supply Side | 8.83% | 8.98% |
Borrow Side | -3.54% | -3.54% |
MFAM Incentives
Current | Proposed | |
---|---|---|
Supply Side | 0.5025 MFAM / sec | 0.5116 MFAM / sec |
+1.79% | 43,414.48 MFAM / day | 44,203.83 MFAM / day |
1,215,605.32 MFAM / cycle* | 1,237,707.24 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 |
+1.79% | 29.25 MOVR / day | 29.78 MOVR / day |
818.89 MOVR / cycle* | 833.78 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 | $28.09 |
Supplied | 33,052.80 xcKSM |
Borrowed | 10,658.24 xcKSM |
Supplied TVL | $928,378.50 |
Borrowed TVL | $299,365.92 |
Utilization | 32.25% |
MFAM Incentive Share | 38% |
MOVR Incentive Share | 38% |
Estimated APRs | Current | Proposed |
---|---|---|
Supply Side | 16.19% | 16.99% |
Borrow Side | -8.82% | -8.82% |
MFAM Incentives
Current | Proposed | |
---|---|---|
Supply Side | 0.3289 MFAM / sec | 0.3472 MFAM / sec |
+5.26% | 28,416.75 MFAM / day | 29,995.46 MFAM / day |
795,668.94 MFAM / cycle* | 839,872.77 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 |
+5.26% | 19.14 MOVR / day | 20.21 MOVR / day |
536.00 MOVR / cycle* | 565.78 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 | $0.9980 |
Supplied | 154,681.86 FRAX |
Borrowed | 122,327.75 FRAX |
Supplied TVL | $154,374.52 |
Borrowed TVL | $122,084.70 |
Utilization | 79.08% |
MFAM Incentive Share | 6% |
MOVR Incentive Share | 6% |
Estimated APRs | Current | Proposed |
---|---|---|
Supply Side | 24.96% | 17.74% |
Borrow Side | -6.53% | -6.53% |
MFAM Incentives
Current | Proposed | |
---|---|---|
Supply Side | 0.0822 MFAM / sec | 0.0548 MFAM / sec |
-50.00% | 7,104.19 MFAM / day | 4,736.12 MFAM / day |
198,917.23 MFAM / cycle* | 132,611.49 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 | 0.0000 MOVR / sec |
-50.00% | 4.79 MOVR / day | 3.19 MOVR / day |
134.00 MOVR / cycle* | 89.33 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).
DEX LP - Solarbeam’s MFAM/MOVR farm (Solarbeam - The DEX on Moonriver, powered by SOLAR).
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: 250e5e537fb6b7b6b8daf91212a9ac155633dd241b0ff225af43af70d72bdae2
Proposal Config
{ "_meta": { "generatedAt": "2024-05-12T00:10:05.275Z", "generatorVersion": "1.0.33" }, "snapshotBlock": 6737465, "safetyModuleInfo": { "totalStaked": "356519020.802713036713814526", "stakedTVL": "727292.5242913402521110946759546721426108741178270904", "govTokenPrice": "0.0020399823904312869272592804", "emissions": { "emissionsPerSecond": "1.004964719742063492", "lastUpdateTimestamp": 1715470614, "emissionAPR": "8.895535101697105223", "emissionsPerYear": "31714274.6397321428551392" } }, "dexInfo": { "addingNewMarket": false, "govTokenTotal": "52553777.82227027965275464", "nativeAssetTotal": "6654.848704641207890052", "govTokenPrice": "0.0020399823904312869272592804", "nextFreeSlot": 41, "emissionsPerYear": "35558457.1874999999719488", "poolTVL": "214417.562616139352993876740905086142787069364161056", "currentPoolAPR": "33.830543360511456067", "currentPoolRewardInfo": { "startTimestamp": 1713497400, "endTimestamp": 1715916600, "rewardPerSec": "1.126779513888888888" } }, "marketData": { "assets": { "MOVR": { "price": "16.10987508", "totalSuppliedUnderlying": "147401.59623252653035719399955198922664939", "totalSuppliedTVL": "2374621.3018986010368402231121081224068274798582012", "totalBorrows": "14564.71225953097652636", "totalBorrowedTVL": "234635.6950771885712300719271088", "utilization": "0.09880973226745178741", "baseSupplyAPR": "70917504", "baseBorrowAPR": "1104181247", "govSupplySpeed": "502482359871031746", "govBorrowSpeed": "1", "nativeSupplySpeed": "338498263888888", "nativeBorrowSpeed": "1", "nativeSupplyBorrowSplit": { "SUPPLY": 1, "BORROW": 0 }, "govSupplyBorrowSplit": { "SUPPLY": 1, "BORROW": 0 } }, "xcKSM": { "price": "28.08773773", "totalSuppliedUnderlying": "33052.804285371625999913003261187984", "totalSuppliedTVL": "928378.49800853830666920543841688278281943632", "totalBorrows": "10658.24246838575", "totalBorrowedTVL": "299365.9191147667624693475", "utilization": "0.32246106491795708415", "baseSupplyAPR": "561565887", "baseBorrowAPR": "2679230497", "govSupplySpeed": "328897544642857142", "govBorrowSpeed": "1", "nativeSupplySpeed": "221562500000000", "nativeBorrowSpeed": "1", "nativeSupplyBorrowSplit": { "SUPPLY": 1, "BORROW": 0 }, "govSupplyBorrowSplit": { "SUPPLY": 1, "BORROW": 0 } }, "FRAX": { "price": "0.99801313", "totalSuppliedUnderlying": "154681.856898893035576118999389995609617501", "totalSuppliedTVL": "154374.52415787633197052387583367760904062027578813", "totalBorrows": "122327.745739991929728365", "totalBorrowedTVL": "122084.69641181351196294560343245", "utilization": "0.79083447918491696981", "baseSupplyAPR": "1031259417", "baseBorrowAPR": "2006175745", "govSupplySpeed": "82224386160714285", "govBorrowSpeed": "1", "nativeSupplySpeed": "55390625000000", "nativeBorrowSpeed": "1", "nativeSupplyBorrowSplit": { "SUPPLY": 1, "BORROW": 0 }, "govSupplyBorrowSplit": { "SUPPLY": 1, "BORROW": 0 } } }, "totalTVL": "3457374.32406501567547995242635868279868753645398933", "govRewardSplits": { "MOVR": 0.56, "xcKSM": 0.38, "FRAX": 0.06 }, "nativeRewardSplits": { "MOVR": 0.56, "xcKSM": 0.38, "FRAX": 0.06 } }, "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": "R18", "componentSplits": { "ALL_MARKETS": 0.3, "SAFETY_MODULE": 0.33, "DEX_REWARDER": 0.37 }, "emissionAmounts": { "0": 7367305, "1": 1488.9 }, "submitterWallet": "0x9F94Ff95cbC403cbfC18802eDEAeF71dA8155f36" } }