[PROPOSAL] Reduce SBR LM emissions with 50%

[rdev42]

We’ve reduced emissions twice so far. From 1,000,000 SBR / day to 500,000 SBR / day, and most recently from 500,000 to 250,000 SBR / day.

We did not identify any significant ‘loss’ of TVL in the previous reduction events, and looking at current emission rate at the top 7 pools being at 20-30%, we think that the protocol is currently over-paying for the liquidity.

A 50% reduction here, from 250,000 SBR / day to 125,000 SBR / day will increase the balance on emissions vs. TVL

This is a 3rd step towards making a so-called equilibrium ( cc @otto ) of SBR emissions vs. TVL and fees.

The Proposal

Reduce SBR emissions in LM gauges by 50%, from 250,000 SBR / day to 125,000 SBR / day.

Project Description

The active DAO contributor team will:

Reduce SBR emissions in gauges from 250,000 SBR / day to 125,000 SBR / day as soon as possible

Expectations/Impact

Improve balance on SBR emissions vs. TVL attracted
Improves the tokenomics and market perspective of SBR