The goal of this proposal is to ensure the stability and positive sentiment around the Ruler protocol.
Ruler’s success is very much community driven, and in order for the community to remain strong we must decrease the stable farms’ APYs.
- TVL indicates a protocol’s overall health and success. Ruler’s TVL is growing, which is obviously a good sign, but not when that same TVL is the cause for negative price action. Roughly 50% of the 92 million dollars worth of value is locked in the 3CRV-* pools with extremely high APYs, leading to, what the kids call, a “farm n dump”.
The solution is simple, and brings a net-positive gain for the Ruler community and token holders: Lower the stable farm emissions
This will lead to a re-balancing of TVL where ideally most would be locked in the Sushiswap pool and xRULER farm. Rather than being attracted to lucrative stable farms, traders will now be more inclined to purchase RULER, leading to an increase in buy pressure and more decentralized governance due to an increase in unique holders.