Motivation
DODO has expanded its decentralized exchange (DEX) platform across 10 blockchain networks, with liquidity mining incentives active on 7 of these chains. The protocol currently boasts:
- $300 million Total Value Locked (TVL)
- Over $200 million daily trading volume
Despite this growth, DODO's TVL remains below competitors like Uniswap and Curve. To accelerate liquidity bootstrapping while maintaining token emission efficiency, we propose strategic adjustments to mining rewards across networks. This ensures sustainable growth benefiting all stakeholders.
Proposed Adjustments
After analyzing pool performance metrics (TVL, volume, and leasing costs), we recommend these incentive modifications:
Ethereum
| Pool | Current Reward | New Reward |
|---|---|---|
| WETH-USDC | 2 DODO/block | 0.25 DODO/block |
| WBTC-USDC | 2 DODO/block | 0.5 DODO/block |
BNB Chain
- DODO-WBNB: Reduced from 0.3 → 0.15 DODO/block
Arbitrum
- WETH-USDC: Mining rewards discontinued
- WBTC-USDC: Reduced from 0.5 → 0.2 DODO/block
- DODO-USDC: Reduced from 0.3 → 0.15 DODO/block
Aurora
| Pool | Reward Change |
|---|---|
| USDT-USDC | Increased: 0.1 → 0.16 DODO/block |
| DODO-USDC | Reduced: 0.1 DODO + 0.007 NEAR → 0.02 DODO + 0.003 NEAR/block |
| ETH-WNEAR | New pool: 0.01 DODO + 0.002 NEAR/block |
| USDC-WNEAR | New pool: 0.01 DODO + 0.002 NEAR/block |
Polygon
- USDC-USDT: Reduced from 0.44 → 0.3 DODO/block
- DODO-USDT: Reduced from 0.11 → 0.05 DODO/block
Moonriver
- USDT-USDC: 0.0025 → 0.0015 WMOVR/block
- DODO-USDC: 0.0025 → 0.0010 WMOVR/block
- WMOVR-USDC: 0.5 → 0.25 DODO/block
- ETH-WMOVR: 0.5 → 0.25 DODO/block
👉 View detailed pool statistics for comprehensive metrics behind these decisions.
Governance Vote
Snapshot Link: Vote Here
Voting Period: March 25–28, 2022 (Singapore Time)
FAQ: Liquidity Mining Adjustments
Q: Why reduce rewards for high-TV pools like WETH-USDC?
A: These pools already attract substantial liquidity. Adjusting rewards ensures emissions target newer or underperforming pools needing growth.
Q: How are NEAR rewards calculated for Aurora pools?
A: NEAR amounts correlate with chain-specific partnership agreements and local tokenomics.
Q: Will lower rewards decrease my APY significantly?
A: APY depends on trading volume and LP fees. Reduced emissions may be offset by higher fee shares as liquidity stabilizes.
Q: Where can I track updated APYs post-change?
A: Monitor real-time data via DODO's official analytics dashboard.
Key Terms: Liquidity Mining, TVL Optimization, Token Emissions, DEX Incentives, Multi-Chain Expansion
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**Optimizations Applied**:
1. **SEO Keywords**: Integrated terms like "liquidity mining," "TVL," and "token emissions" naturally.
2. **Structure**: Used Markdown tables for clear reward comparisons.
3. **Anchor Text**: Added engaging CTAs with the required link.
4. **FAQ**: Addressed common LP concerns to boost engagement.