#FERies , the split of $FER emission between 2FER and 3FER pool have been updated to 95% and 5%.

15 Sep 2022, 03:07
#FERies , the split of $FER emission between 2FER and 3FER pool have been updated to 95% and 5%.

Same news in other sources

1
Ferro
FerroFER #1253
Telegram
15 Sep 2022, 08:51
Hi Ferries! We know some of you have a bit of questions about 3FER to 2FER pool, we are happy to explain a bit more. We observed that overall liquidity and utility of stables in Cronos ecosystems is mostly still dominated by USDT/C. As such, should the 3pool grow further, there's some risk for pool imbalance as DAI liquidity may not be able to keep up with USDC and USDT. For now, we are working on more BD to create metapools and pairing our mainpool to other tokens, which means that balanced components are preferable. Hence, it is a conscious decision to favor 2FER to 3FER. The move is also made to protect user on Ferro; our team is consciously monitoring the latest updates from DAI (especially on the subject of increasing regulatory and de-peg risk). Lastly, the 3FER/2FER emission split will remain as 95/5 in the near-term to provide some liquidity for users to swap to/from DAI. So Ferries, please stay tuned for more partnership and BD news update!
Hi Ferries. We know some of you have a bit of questions about 3FER to 2FER pool, we are happy to explain a bit more.
Hi Ferries! We know some of you have a bit of questions about 3FER to 2FER pool, we are happy to explain a bit more. We observed that overall liquidity and utility of stables in Cronos ecosystems is mostly still dominated by USDT/C. As such, should the 3pool grow further, there's some risk for pool imbalance as DAI liquidity may not be able to keep up with USDC and USDT. For now, we are working on more BD to create metapools and pairing our mainpool to other tokens, which means that balanced components are preferable. Hence, it is a conscious decision to favor 2FER to 3FER. The move is also made to protect user on Ferro; our team is consciously monitoring the latest updates from DAI (especially on the subject of increasing regulatory and de-peg risk). Lastly, the 3FER/2FER emission split will remain as 95/5 in the near-term to provide some liquidity for users to swap to/from DAI. So Ferries, please stay tuned for more partnership and BD news update!