PTIP-27: POOL incentive adjustments and buy back

Governance PT Improvement Proposals
18

An on-chain proposal is now up. The proposal could not contain all transactions, so I want to clarify the details here:

PTIP-27 Summary

  • Continue POOL distribution.
  • Lower distribution rates on Dai and USDC prize pools.
  • Begin using a portion of each week’s reserves to buy back POOL.

Note: broken into two proposals due to size

PTIP-27: Part I

  • Continues POOL distribution
  • Lowers rates on Dai and USDC prize pools
  • Begins buyback program

PTIP-27: Part II

  • Continues Sushi PPOOL distribution

Technical Specification

The proposal must be split into two parts due to its scope.

Part I

On-chain Proposal
Snapshot Vote

  • COMP: POOL.transfer(0x72F06a78bbAac0489067A1973B0Cef61841D58BC, 2550000000000000000000)
  • POOL: POOL.transfer(0x30430419b86e9512E6D93Fc2b0791d98DBeb637b, 7200000000000000000000)
  • UNI: POOL.transfer(0xa5dddefD30e234Be2Ac6FC1a0364cFD337aa0f61, 2550000000000000000000)
  • USDC: POOL.transfer(0xBD537257fAd96e977b9E545bE583bbF7028F30b9, 56000000000000000000000)
  • Dai: POOL.transfer(0xF362ce295F2A4eaE4348fFC8cDBCe8d729ccb8Eb, 27000000000000000000000)
  • UNI LP: POOL.transfer(0x9A29401EF1856b669f55Ae5b24505b3B6fAEb370, 18400000000000000000000)
  • USDC Drip Rate: 0xBD537257fAd96e977b9E545bE583bbF7028F30b9.setDripRatePerSecond(11574074074074074)
  • Dai Drip Rate: 0xF362ce295F2A4eaE4348fFC8cDBCe8d729ccb8Eb.setDripRatePerSecond(5787037037037037)
  • Transfer USDC for Buybacks: 0x391a437196c81eea7bbbbd5ed4df6b49de4f5c96.transfer(0xD6a475529C609Dc1f5eC1B6b390208a3620B3121, 100000000000)

Part II

(to be scheduled)

  • Approve PPOOL spend: POOL.approve(0x396b4489da692788e327E2e4b2B0459A5Ef26791, 2800000000000000000000)
  • Deposit PPOOL into Sushi PPOOL faucet: 0x396b4489da692788e327e2e4b2b0459a5ef26791.depositTo(0xd186302304fD367488b5087Af5b12CB9B7cf7540, 2800000000000000000000, 0x27D22A7648e955E510a40bDb058333E9190d12D4, 0x0000000000000000000000000000000000000000)
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