Rebalancing of Base Liquidity Incentives (2023-11-29)
We have applied 3 changes over the last 25 days:
1) Nov 13 2023 - wstETH market launch
We have allocated rewards to wstETH market upon launch to help bootstrap liquidity.
- ETH: 40% → 38%
- wstETH 0% → 2%
2) Nov 20 2023 - rETH market launch
We have allocated rewards to rETH market upon launch to help bootstrap liquidity.
- ETH: 38% → 36%
- rETH: 0 → 2%
3) Nov 29 2023 - Enable USDC reward stream
We have enabled the USDC reward stream using the same allocation as WELL rewards. A total of 38,600 USDC is set to be allocated per 28 days epoch.
| Reward distribution (% of allocation) | cbETH | DAI | USDbC | USDC | ETH | wstETH | rETH |
|---|---|---|---|---|---|---|---|
| WELL supply | 20% | 20% | 0% | 20% | 36% | 2% | 2% |
| WELL borrow | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| USDC supply | 0%→20% | 0%→20% | 0% | 0%→20% | 0%→36% | 0%→2% | 0%→2% |
| USDC borrow | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Reward speed (token/s) | cbETH | DAI | USDbC | USDC | ETH | wstETH | rETH |
|---|---|---|---|---|---|---|---|
| WELL supply | 1.14 | 1.14 | 0 | 1.14 | 2.05 | 0.11 | 0.11 |
| WELL borrow | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| USDC supply | 0 → 0.0030432 | 0 → 0.0030432 | 0 | 0 → 0.003043 | 0 → 0.005478 | 0 → 0.0003043 | 0 → 0.0003043 |
| USDC borrow | 0 | 0 | 0 | 0 | 0 | 0 | 0 |