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Introducing Sushi's New Permissionless Incentive Creation
Add rewards to a pool without Sushi’s permission
- Mizu
Welcome to the home of DeFi: Sushi
TL;DR
- Sushi's new "Permissionless Incentive Creation" allows anyone to add rewards to a pool without Sushi’s permission
- Currently live on 4 networks including Ethereum, Arbitrum, Optimism and Polygon, with more to come.
- User-friendly UI for easy setup.
- Multiple rewards support and customizable distribution enhance attractiveness and growth.
- Address blacklisting ensures fairness, while optimized reward distribution promotes stability.
- Simplified claim process lets LPs effortlessly access rewards across all positions within one network.
Introducing Sushi’s new "Permissionless Incentive Creation" for Liquidity Pool Rewards, designed to allow anyone to add rewards to a pool without Sushi’s permission. It aims to enhance the participation of both protocols and Liquidity Providers (LPs) in incentivized liquidity pools, providing a streamlined process for setting up rewards and claiming them with ease.
Features and Benefits for Projects and LPs:
Permissionless Incentive Creation leverages Angle Labs to provide seamless functionality, offering a series of features and benefits for both protocols and LPs:
User-Friendly Interface:
Permissionless Incentive Creation page has a newly built, intuitive UI that facilitates a seamless reward setup process. Both protocols and LPs can easily navigate the platform without requiring extensive technical expertise.
Multiple Rewards Support:
Liquidity pools can now support multiple rewards, allowing participants to earn from various incentive programs. This diversity of rewards enhances the attractiveness of the liquidity pools and fosters greater engagement.
Customizable Distribution:
Protocols have the flexibility to adjust reward distribution according to their specific requirements. They can tailor the rewards to cater to their unique ecosystem needs, promoting sustainable growth.
Address Blacklisting:
To ensure fairness and security, protocols can exclude certain addresses from receiving rewards. This feature empowers protocols to protect their incentives from misuse or abuse.
Optimized Reward Distribution:
Permissionless Incentive Creation allows for omitting users from rewards if their positions are out of range, incentivizing participants to maintain their positions within a desired range. This promotes stability and balance within the liquidity pools.
Simplified Claim Process:
LPs can claim their rewards effortlessly with just one simple action, covering all their positions within a single network. This streamlines the reward distribution process, making it more convenient for LPs to access their earnings.
If you want to make your own token available as a reward, whether you're a project or an individual, you can easily do so by whitelisting them through Angle's platform. Simply fill in this form to get started.
What's Next
Permissionless Incentive Creation is currently available on four networks including Ethereum, Arbitrum, Optimism and Polygon, with plans to expand to more networks soon, providing greater opportunities for LPs and protocols. In addition, a v2 update is under development on Angle's roadmap, bringing further enhancements to Permissionless Incentive Creation.
Conclusion
With the introduction of Sushi's Permissionless Incentive Creation, anyone can add rewards to a pool without Sushi's permission. Protocols can now enjoy a streamlined process to incentivize their liquidity pools, attracting more liquidity and fostering a vibrant ecosystem around their native tokens. For LPs, claiming rewards becomes a lot easier with just one simple action, covering all their positions within a single network. Moreover, liquidity pools can now have multiple rewards attached to them, amplifying the benefits for LPs.
Try Sushi's New Permissionless Incentive Creation now and experience seamless rewards creation and claiming!
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