# MIP-R21 Rebalancing of Moonriver Token Liquidity Incentives

**URL:** https://forum.moonwell.fi/t/mip-r21-rebalancing-of-moonriver-token-liquidity-incentives/1097
**Category:** Moonwell Improvement Proposal
**Tags:** mip, moonriver
**Created:** [July 6, 2024, 7:32am UTC](https://forum.moonwell.fi/t/mip-r21-rebalancing-of-moonriver-token-liquidity-incentives/1097 "2024-07-06T07:32:03Z")
**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: [July 6, 2024, 7:32am UTC](https://forum.moonwell.fi/t/mip-r21-rebalancing-of-moonriver-token-liquidity-incentives/1097/1 "2024-07-06T07:32:03Z")

</div>

# MIP-R21 Rebalancing of Moonriver Token Liquidity Incentives

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

- **Submitter** : Curly
- **Generator Version** : 1.0.41
- **Generated At** : Thu, 04 Jul 2024 14:33:54 GMT
- **Network** : Moonriver
- **Block Height** : 7,183,843

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 `362,431,415` **MFAM** staked in the **Safety Module** , with a valuation of `$425,191.93` (based on a **MFAM** price of `$0.001173` 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 = `~8.75%`):
  - `1.0050` MFAM / **second**
  - `86,828.95` MFAM / **day**
  - `2,431,210.65` MFAM / **reward cycle (28 days)**  
  
  

- Proposed (estimated APR = `~8.75%`):
  - `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 `54,562,104` **MFAM** and `6,622` **MOVR** provided by liquidity providers in the **SolarBeam**  **MFAM** / **MOVR** pool totaling `$128,020.72`.

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, 12 Jul 2024 03:30:00 GMT**

Proposed rewards will expire at **Fri, 09 Aug 2024 03:30:00 GMT**

- Current (estimated APR = `~32.59%`) days:
  - `1.1268` MFAM / **second**
  - `97,353.75` MFAM / **day**
  - `2,725,905.00` MFAM / **reward cycle (28 days)**  
  
  

- Proposed (estimated APR = `~32.59%`):
  - `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 | **$9.67** |
| Supplied | **162,044.67** MOVR |
| Borrowed | **13,144.15** MOVR |
| Supplied TVL | **$1,566,381.54** |
| Borrowed TVL | **$127,056.08** |
| Utilization | **8.11%** |
| MFAM Incentive Share | **67%** |
| MOVR Incentive Share | **67%** |

| **Estimated APRs** | Current | Proposed |
| --- | --- | --- |
| Supply Side | **10.06%** | **9.64%** |
| Borrow Side | **-3.27%** | **-3.27%** |

> #### **MFAM** Incentives

| | Current | Proposed |
| --- | --- | --- |
| **Supply Side** | **0.6395** MFAM / sec | **0.6121** MFAM / sec |
| -4.48% | **55,254.79** MFAM / day | **52,886.73** MFAM / day |
| | **1,547,134.05** MFAM / cycle\* | **1,480,828.30** 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 |
| -4.48% | **37.20** MOVR / day | **35.61** MOVR / day |
| | **1,041.60** MOVR / cycle\* | **996.96** 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 | **$21.11** |
| Supplied | **29,542.12** xcKSM |
| Borrowed | **8,213.19** xcKSM |
| Supplied TVL | **$623,674.03** |
| Borrowed TVL | **$173,391.48** |
| Utilization | **27.80%** |
| MFAM Incentive Share | **27%** |
| MOVR Incentive Share | **27%** |

| **Estimated APRs** | Current | Proposed |
| --- | --- | --- |
| Supply Side | **9.74%** | **10.45%** |
| Borrow Side | **-4.90%** | **-4.90%** |

> #### **MFAM** Incentives

| | Current | Proposed |
| --- | --- | --- |
| **Supply Side** | **0.2284** MFAM / sec | **0.2467** MFAM / sec |
| +7.41% | **19,733.85** MFAM / day | **21,312.56** MFAM / day |
| | **552,547.87** MFAM / cycle\* | **596,751.70** 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 |
| +7.41% | **13.29** MOVR / day | **14.35** MOVR / day |
| | **372.00** MOVR / cycle\* | **401.76** 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 | **$0.9968** |
| Supplied | **135,311.53** FRAX |
| Borrowed | **114,563.32** FRAX |
| Supplied TVL | **$134,873.53** |
| Borrowed TVL | **$114,192.48** |
| Utilization | **84.67%** |
| MFAM Incentive Share | **6%** |
| MOVR Incentive Share | **6%** |

| **Estimated APRs** | Current | Proposed |
| --- | --- | --- |
| Supply Side | **32.18%** | **33.82%** |
| Borrow Side | **-47.76%** | **-47.76%** |

> #### **MFAM** Incentives

| | Current | Proposed |
| --- | --- | --- |
| **Supply Side** | **0.0457** MFAM / sec | **0.0548** MFAM / sec |
| +16.67% | **3,946.77** MFAM / day | **4,736.12** MFAM / day |
| | **110,509.57** 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** | **0.0000** MOVR / sec | **0.0000** MOVR / sec |
| +16.67% | **2.66** MOVR / day | **3.19** MOVR / day |
| | **74.40** MOVR / cycle\* | **89.28** 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: `c4d4d02fb8899117c347306a822f63ba1e56b5788f055c2e2b824985ac9f050d`

> **Proposal Config**
>
> ```
> {
> "_meta": {
> "generatedAt": "2024-07-04T14:31:20.529Z",
> "generatorVersion": "1.0.41"
> },
> "snapshotBlock": 7183843,
> "safetyModuleInfo": {
> "totalStaked": "362431415.072540436073624096",
> "stakedTVL": "425191.9316830625078187146395953994667438766321388608",
> "govTokenPrice": "0.0011731652224406667148223298",
> "emissions": {
> "emissionsPerSecond": "1.004964719742063492",
> "lastUpdateTimestamp": 1720093938,
> "emissionAPR": "8.750420995758480072",
> "emissionsPerYear": "31714274.6397321428551392"
> }
> },
> "dexInfo": {
> "govTokenTotal": "54562103.639753675068125192",
> "nativeAssetTotal": "6621.974134539864791238",
> "govTokenPrice": "0.0011731652224406667148223298",
> "nextFreeSlot": 43,
> "emissionsPerYear": "35558457.1874999999719488",
> "poolTVL": "128020.7249067246623536486842293049901672954635123216",
> "currentPoolAPR": "32.585306298190715666",
> "currentPoolRewardInfo": {
> "startTimestamp": 1718335800,
> "endTimestamp": 1720755000,
> "rewardPerSec": "1.126779513888888888"
> }
> },
> "marketData": {
> "assets": {
> "MOVR": {
> "price": "9.66635646",
> "totalSuppliedUnderlying": "162044.669885417297480947999948774679050994",
> "totalSuppliedTVL": "1566381.54155547095330070342622891778792900252132124",
> "totalBorrows": "13144.154444494741736227",
> "totalBorrowedTVL": "127056.08222577945821800947747642",
> "utilization": "0.08111438934578377481",
> "baseSupplyAPR": "53779573",
> "baseBorrowAPR": "1020013900",
> "govSupplySpeed": "639523003472222222",
> "govBorrowSpeed": "1",
> "nativeSupplySpeed": "430555555555555",
> "nativeBorrowSpeed": "1",
> "nativeSupplyBorrowSplit": {
> "SUPPLY": 1,
> "BORROW": 0
> },
> "govSupplyBorrowSplit": {
> "SUPPLY": 1,
> "BORROW": 0
> }
> },
> "xcKSM": {
> "price": "21.11135",
> "totalSuppliedUnderlying": "29542.11980338130399986966175910012",
> "totalSuppliedTVL": "623674.030911113892197648383777978318362",
> "totalBorrows": "8213.187496467214",
> "totalBorrowedTVL": "173391.4758535431182789",
> "utilization": "0.27801618675742953137",
> "baseSupplyAPR": "273917282",
> "baseBorrowAPR": "1515779383",
> "govSupplySpeed": "228401072668650793",
> "govBorrowSpeed": "1",
> "nativeSupplySpeed": "153769841269841",
> "nativeBorrowSpeed": "1",
> "nativeSupplyBorrowSplit": {
> "SUPPLY": 1,
> "BORROW": 0
> },
> "govSupplyBorrowSplit": {
> "SUPPLY": 1,
> "BORROW": 0
> }
> },
> "FRAX": {
> "price": "0.99676299",
> "totalSuppliedUnderlying": "135311.530445850841691745999989744622187308",
> "totalSuppliedTVL": "134873.52566868231805868140127031781894784146213092",
> "totalBorrows": "114563.318822525455898447",
> "totalBorrowedTVL": "114192.47621386375277244916807653",
> "utilization": "0.84666338814615333715",
> "baseSupplyAPR": "6817079731",
> "baseBorrowAPR": "12387231005",
> "govSupplySpeed": "45680214533730158",
> "govBorrowSpeed": "1",
> "nativeSupplySpeed": "30753968253968",
> "nativeBorrowSpeed": "1",
> "nativeSupplyBorrowSplit": {
> "SUPPLY": 1,
> "BORROW": 0
> },
> "govSupplyBorrowSplit": {
> "SUPPLY": 1,
> "BORROW": 0
> }
> }
> },
> "totalTVL": "2324929.09813526716355703321127721392523884398345216",
> "govRewardSplits": {
> "MOVR": 0.67,
> "xcKSM": 0.27,
> "FRAX": 0.06
> },
> "nativeRewardSplits": {
> "MOVR": 0.67,
> "xcKSM": 0.27,
> "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": "R21",
> "componentSplits": {
> "ALL_MARKETS": 0.3,
> "SAFETY_MODULE": 0.33,
> "DEX_REWARDER": 0.37
> },
> "emissionAmounts": {
> "0": 7367305,
> "1": 1488
> },
> "submitterWallet": "0x9F94Ff95cbC403cbfC18802eDEAeF71dA8155f36"
> }
> }
> ```