Tarot DAO Update: TIP-001 & TIP-002

We share an update, following the adoption of TIP-001 and TIP-002.

TIP-001: Parameter Adjustments

✅ Adjust Speed — Enables more responsive rates

The adjustment speed parameters for all pools except the FTM-TAROT, FTM-TOMB, and FTM-TSHARE pools have been set to 17.28% per day.

The adjustment speed parameters for the FTM-TAROT, FTM-TOMB, and FTM-TSHARE pools remain at 43.20% per day.

☑️ Kink Utilization Rate — Increases pool utilization

The kink utilization rate parameters for the following pools have been set to 80%:

FTM-TOMB
BTC-ETH
USDC-fUSDT
SPELL-sSPELL
USDC-MAI
YFI-WOOFY
fUSDT-BUSD
USDC-DAI
USDC-TUSD
USDC-FRAX
USDC-MIM

☑️ Liquidation Incentive — Incentivizes more borrowing

The liquidation incentive parameters for the following pools have been set to 2%:

BTC-ETH
USDC-fUSDT
SPELL-sSPELL
USDC-MAI
YFI-WOOFY
fUSDT-BUSD
USDC-DAI
USDC-TUSD
USDC-FRAX
USDC-MIM

☑️ Safety Margin — Incentivizes more borrowing

The safety margin parameters for the following pools have been set to, or remain at, 150%:

BTC-ETH
SPELL-sSPELL
USDC-MAI
USDC-fUSDT
YFI-WOOFY
fUSDT-BUSD
USDC-DAI
USDC-TUSD
USDC-FRAX
USDC-MIM

TIP-002: Spirit Boosted Farm Weights

☑️ Spirit Boosted Migration

The migration of incentives from the Tarot Farming Rewards program to Spirit Boosted pools has begun. The latest update added 16 new Spirit Boosted farming pools.

As of January 21, 2022 at 20:30 GMT, the share weights for the Spirit Boosted farming pools are:

FTM-TAROT: 10%
FTM-SPIRIT: 1%
FTM-ICE: 1%
USDC-FTM: 1%
FTM-ETH: 1%
FTM-BTC: 1%
FTM-MIM: 1%
CRV-FTM: 1%
FTM-MAI: 1%
FTM-LINK: 1%
fUSDT-FTM: 0.5%
FTM-DAI: 0.5%
FTM-SUSHI: 0.5%
YFI-FTM: 0.5%
FTM-SPELL: 0.5%
wMEMO-MIM: 0.5%

The share weights for the following standard SpiritSwap farming pools have been reduced to:

FTM-TAROT: 10%
CRV-FTM: 2%
FTM-LINK: 1%
FTM-MIM: 1%
fUSDT-SPELL: 0.25%
FTM-SPIRIT: 0.05%
FTM-ETH: 0.05%
FTM-BTC: 0.05%
FTM-ICE: 0.05%
FTM-SUSHI: 0.05%
YFI-FTM: 0.05%
ANY-FTM: 0.05%
wMEMO-MIM: 0.05%
sSPELL-SPELL: 0.05%
SPIRIT-DAI: 0.05%

The share weights for the following standard SpiritSwap farming pools remain at:

USDC-FTM: 3%
fUSDT-FTM: 3%
FTM-BNB: 0.05%
YFI-WOOFY: 0.05%
fUSDT-BUSD: 0.05%

The share weights for other pool types (SpookySwap, SushiSwap, Tomb Finance, and 0xDAO) are not affected by this update.

We will continue to provide updates on the implementation of TIP-001 and TIP-002.

Join us:

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Tarot is a decentralized lending protocol on Fantom Opera.

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Tarot

Tarot

Tarot is a decentralized lending protocol on Fantom Opera.

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