Redirecting SAUCE Token Emissions from SaucerSwap V1 HBAR/HBARX Pool to Development Fund

HBARx/HBAR LP was super GOATed when it came to Liquidity to emissions (SAUCE/xSAUCE and HBAR/BSL also being there). And it had minimal Impermanent Loss, which is why a lot of people was cool with letting liquidity sit in that pool.

However, when it comes to Fees APR to all the V1 pools with emissions weight, HBAR/HBARx is dead last by a long shot. Sub 0.10% fees APR when the next closest right now is, above 0.30%.

This discussion on Fees APR is interesting and gives me new ideas and another metric to judged emissions weight by. For quick reference, the Liquidity-weighted Fees APR for V1 pools with emissions given is 1.52%.

Things I would like to bring up. The Farm emissions weight page has not been updated for 3 months. Currently, it lists HBAR/BNB[hts] having farm emissions when the SaucerSwap DEX UI doesn’t show it receiving any.

It is probably the first time, at least this year, in which emissions weight was discussed as points, rather than a percent of something. I do recall the early verisons of the documentation had weights as a whole number before switch to percents. I wish the docs pages to be updated to have weights numbers for everything (and maybe include a colum for percentages), including any development and other Core team accounts. Then you can have V1 farm weights and LARI be 2 lines on a big overview table, and have a breakdown of weights on the the SaucerSwap V1 and SaucerSwap V2 sections.

It would be fair since we are talking about a shift of emissions from V1 farm rewards to development accounts. The GRELF/SAUCE proposal only changing farm weights, but this proposal as submitted would set precedent on changing weights outside the little bucket it occupies.

I don’t anticipate much pushback. Maybe counter proposal to reallocate some of that HBAR/HBARx V1 weight to HBARx/HBAR V2. Since the team mentioned the V1 liquidity being under utilized, if the liquidity was concentrated, it would be better utilized. And the way to incentivized moving liquidity from V1 to V2 is to move emissions there. :eyes: Maybe a gradual transition. All the V1 HBAR/HBARx emissions going to V2 HBAR/HBARx pool, and decreasing it to previous level and sending the emissions weight to the Development account over a few weeks.

Additionally, the new interface fee does hurt the HBAR - HBARx swaps. I don’t suppose giving the community a carrot and include an exemption for HBAR - HBARx swaps, just like the stablecoin swaps exemptions.

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