search

manifoldfinance / mevETH2

mevETH LST Protocol - Repo has migrated see link
https://github.com/MEV-Protocol/meveth
27 stars 2 forks source link

Revert "feat: include cream balance in setup to simplify redeemCream and crea…" #259

Closed ControlCplusControlV closed 11 months ago

ControlCplusControlV commented 11 months ago

Reverts manifoldfinance/mevETH2#253

sandybradley commented 11 months ago

Revert is fine as long as there is a plan for Multisig rewards. i.e. These rewards cannot be paid to the contract now until most CrEth2 has been redeemed.

ControlCplusControlV commented 11 months ago

Revert is fine as long as there is a plan for Multisig rewards. i.e. These rewards cannot be paid to the contract now until most CrEth2 has been redeemed.

AFAIK if we just pay out rewards right away then it just results in an inflated APR until most CrEth2 rewards as the APR from CrEth2 just goes to early MevEth holders instead, encouraging migration, which is intended behavior