This proposal, if approved, will reduce the payout rate of the existing GIGAHydration incentives in order to extend the duration through until the beginning of February.
The transaction is a batch of transfers into and out of the existing global farms, as well as reduction in the payout rate - I will summarise the broad impact of each asset below (all numbers are approximate):
- USDT/USDC 2-Pool -
46.5% reduction (HOLLAR to launch in Omnipool soonTM)
- 3-Pool -
30% reduction
- GDOT -
22% reduction
- DOT -
40% reduction (aDOT in Omnipool hopefully soonTM + plentiful alternative DOT yield sources on Hydration)
- tBTC -
26% reduction
- GETH -
24% reduction
- ASTR -
62% reduction
- GLMR -
71% reduction
- BNC -
71% reduction
- KSM -
52% reduction
- vASTR -
100% reduction
- AAVE -
48% reduction
- SKY, LINK, LDO, SUI -
50% reduction
- SOL -
33% reduction
- PAXG -
20%
- ENA -
60% reduction
These decisions were made based on a mix of TVL & volume vs cost of incentives - as well as strategic importance of assets e.g. overall goals of the campaign, whether assets are collateral assets in Supply & Borrow, etc
The additional duration of the GIGAHydration incentives ensures that we have sufficient time to construct the best Hydration x Polkadot Hub incentives proposal in collaboration with all parties as per the agreement from the original GIGAHydration proposal.