This thread will display current pool reward amounts - anytime pool rewards are updated there will be a justification for the changes as well update on where the rewards are re-allocated to. Once governance is fully integrated, this process will be fully managed via community tokenholders. Currently, this is managed by the ShadeDAO.
Pair
Category
# of SHD
% allocation
Partner Matching
SILK/IST
Stable
20
11.98%
Agoric
SILK/USDC
Stable
60.5
6.36%
Secret Surge
SILK/USDT
Stable
60
6.31%
Secret Surge
SILK/CMST
Stable
19.9375
2.10%
Harbor Protocol
ATOM/stATOM
Derivative Onramp
76.25
8.01%
None
JUNO/stJUNO
Derivative Onramp (reduced to 0)
0
0%
None
OSMO/stOSMO
Derivative Onramp
31.75
2.29%
None
INJ/stINJ
Derivative Onramp
30
4.66%
None
SCRT/stkd-SCRT
Derivative Onramp
36.25
3.81%
Secret Surge
stATOM/stOSMO
CPMM (reduced to 0)
0
0%
None
SILK/stINJ
Derivative to Silk
30
4.66%
None
SILK/stATOM
Derivative to Silk
200
21.02%
Stride
SILK/stOSMO
Derivative to Silk
50
4.20%
Stride
SILK/stkd-SCRT
Derivative to Silk
40
4.20%
Secret Surge
SHD/stATOM
Shade pair
72.5
7.62%
None
SHD/JKL
Shade pair
0
0%
None
SHD/BLD
Shade pair
5
0.53%
Agoric
SHD/stkd-SCRT
Shade pair
25
2.63%
Secret Surge
SILK/SHD
Shade + SILK
30
3.15%
None
Total
761
100%
Percentage of total supply emitted per day: 0.00761%
Emission Category
% of Rewards
Justification
StableSwap
26.7%
StableSwap pairs increase SILK utility via connections to other stablecoin utility and opportunities.
SILK CPMM
25.22%
Important for ShadeLend minted SILK to have meaningful tokens to increase exposure to.
SHD CPMM
13.92%
Key for increasing SHD liquidity and correlation to apex assets.
Derivative Onramp
14.00%
Flagship onboarding pools to get users seamlessly in and out of staking derivatives.
The above % distribution will be fully reflected once the next set of pools go live.
[5/3/2023] Change log will begin here.
[5/10/2023] Added in SILK/stOSMO pool
[5/11/2023] Updated SILK/IST pool rewards to match 50/50 split (originally was over incentivized). Changed from 114 SHD per day to 20 on this pair. This SHD was then repurposed to SILK/stINJ (40) and INJ/stINJ (40) as well as to the SILK/stOSMO pool (40).
[5/23/2023] Shifted 10 SHD from both INJ/stINJ + SILK/stINJ pool to stOSMO/OSMO and SILK/stOSMO.
Why Stride doesn’t incentivizing pairs like stATOM/ATOM, stOSMO/OSMO stJUNO/JUNO on Shade, and instead puts money into the multiply less effective Osmosis
This doesn’t seem like a very profitable partnership to me, Shade pays SHD for pairs that are mostly profit for Stride, this isn’t what a partnership should be about.
I believe a lot of LSDs on Cosmos would rip your arms off for the opportunity to list their tokens on an efficient exchange still with SHD incentives, if pairs should be incentivized by SHD there should be Stride involvement.
Having an effective way in and out of staking derivatives is one of the primary goals of the dex in the formation of its market fit. this includes derivative onramp pools and silk derivative pools.
Our goal is to become known for our capital efficiency by usage of derivative focused pairs. This means we have to incentivize the pools that are the most necessary for forming that narrative. Stride’s goal is to increase usage of their staking derivative meaning that they focus on where there is the most stride derivative use (osmosis) and will focus more on shade swap once our capital efficient narrative is formed and adopted.
Today (7/4/2023) major changes were put into place to wind down any non SILK/SHD pool on ShadeSwap as well as reweight multiple pools that do not currently received partner incentives.
Changes:
ATOM/stATOM: 76.25 (old) to 61.04 (new)
OSMO/stOSMO: 21.75 to 5.92
INJ/stINJ: 30 to 7.23
SILK/stkd-SCRT: 40 to 114
SILK/stOSMO: 40 to 28
SILK/stINJ: 30 to 7.56
SILK/ETH: 100 to 75.6
SILK/BTC: 100 to 75.6
SHD/stATOM 72.5 to 0
SHD/BTC: 72.5 to 0
SILK/SHD: 30 to 448
All of the above pools are partner pool with duel incentives tied to them that are still in motion, as these deals come to a close they will be converted / updated to their properly scoped category ratios. After this has been done for all pools, we will then across all pools instantiate a 15% reduction in emissions.
tldr steps;
(1) reweighting pools in their categories to correct amounts (did this today for any non-partner pools)
(2) Doing this for all pools as partner incentives comes to a close
(3) Emissions cut once all reweightings occur