Currently, we encourage LP to make its portfolio balanced by setting a mining effective setting.
However, this setting should be removed, because:
- We should use the funding rate to make the market balance, the mining effective setting harms the funding rate.
- Some use case of AMM is not encouraged by this setting. For example, if LP wants to have a net negative position to get funding payment when the funding rate is positive, he will lose the mining reward, which is not fair.
As a result, I suggest in the next mining round (Zhou):
- We keep the rebalance UI for the LP.
- The mining reward is not related to the imbalance rate anymore.
Vote Quorum: 10,000 MCB.
The team and foundation will abstain from voting on this proposal.
Please vote at: