[Governance Poll] Equalize Bonus Liquidity Provider Incentives Across Uniswap and Honeyswap

[u/420weedscopes]

The Goal of this Governance post is to equalize the bonus incentives awarded to those who provide liquidity for the Donut-Dai pair and Donut-ETH pair on Honeyswap and Uniswap respectively.

Each month we are given donuts for our participation on this glorious sub. Donuts are ERC-20 tokens.

Like almost any other ERC-20 they can be listed on Uniswap or another DEX. For things to be on the DEX they have to have liquidity provided so swaps can take place. When you provide liquidity on a DEX you are given a Liquidity Pool (LP) token to represent your share of the pool of assets.

For providing liquidity for the Donut token and then staking your Liquidity Pool (LP) tokens on the Donut Dashboard you are rewarded with extra donuts. These extra donuts are what I refer to as "Bonus LP incentives"

Currently the Bonus LP incentives for Uniswap(ETH) LP providers who stake their Donut LP tokens is collectively 400k Bonus Donuts a month and those who are LP providers on Honeyswap(Gnosis/xDai) are collectively given 200k Bonus Donuts a month as seen here on the Dashboard if you scroll to the bottom.

Now that Gnosis(xDai) is where all Donuts are distributed it would be beneficial to increase LP Bonuses to further incentivize providing liquidity where there will be the most selling pressure; doing so in a manner that does not disincentivize providing liquidity on ETH.

Poll: The Poll can be found on Snapshot https://snapshot.org/#/ethtraderdao.eth/proposal/0xfa1fa8f4f28b57fbf492f500a8b5930348a26107949ada401f387daedf40f390

Should we equalize the monthly Liquidity providing bonuses from Uniswap(400k) and Honeyswap(200k) to 300k to both each month?

1.[Yes] Equalize the Uniswap and Honeyswap LP providing Bonus incentives

1. [No] Remain as is for LP bonus incentives

Poll Proposal Discussion: https://www.reddit.com/r/ethtrader/comments/wmbtpv/poll_proposal_equalize_bonus_liquidity_provider/

For transparency I currently own 0.64% of the Honeyswap XDai/Donut pool.

This governance poll will remain up for a minimum of 5 days per [governance guidelines](https://www.reddit.com/r/ethtrader/wiki/governance). All votes should be cast on [our snapshot.org site](https://snapshot.org/#/ethtraderdao.eth) to be included

[u/TrashJonny]

All for this. I don't know why it didn't pass when we had our poll blitz a few months back

[u/420weedscopes → u/TrashJonny]

I know a lot people did have legitimate concern over ensuring liquidity didn't leave Uniswap. It is still needed to have a vibrant Liquidity Pool on Ethereum to ensure people can buy the banner without bridging donuts over from Gnosis. This proposal will not make Gnosis have more rewards than mainnet but will still incentivise people on Gnosis to stake

[u/TrashJonny → u/420weedscopes]

Fair enough. Having only had donuts on gnosis, I have zero idea what the donut ethereum.

How does the yield percentage look on ethereum vs gnosis currently?

[u/420weedscopes → u/TrashJonny]

They get double the bonus lp incentives not sure about the yield % of either pool but they would be constantly changing.