This proposal covers the allocation of 240,000 REF tokens as liquidity mining incentives for Epoch 47. REF holders and veREF stakers vote to determine the percentage of rewards distributed to each liquidity pool, directly influencing APR and liquidity depth across the protocol.
The proposed distribution below was prepared by the RHEA Finance DAO committee based on pool performance metrics, trading volume, and community feedback from the previous epoch. Pools with higher liquidity depth and trading activity are prioritised to maximise capital efficiency and trader experience.
Following the successful implementation of the ve-token model in Q1 2026, voting power is proportional to veREF balance — calculated as REF locked amount × lock duration multiplier (up to 4×). All votes are recorded on-chain via the ref-finance.sputnik-dao.near smart contract.
The outcome of this vote will be automatically applied at epoch start. A minimum quorum of 20% of circulating veREF supply is required for the vote to pass. If quorum is not met, the previous epoch's allocation remains in effect.
| Pool | Allocation |
|---|---|
|
wNEAR / USDC
Stable AMM · 0.05%
|
|
|
wNEAR / ETH
Volatile AMM · 0.30%
|
|
|
REF / wNEAR
Volatile AMM · 0.30%
|
|
|
stNEAR / wNEAR
Rated Pool · 0.05%
|
|
|
USDC / USDT
StableSwap · 0.01%
|
|
|
AURORA / wNEAR
Volatile AMM · 0.30%
|
|
|
FRAX / USDC
StableSwap · 0.01%
|