Swerve Mining Strategy

Create new yETH Vault to farm Swerve. That’s it. That’s the post.


bumping this cuz it needs bumping.


Swerve doesn’t use Y, so liquidity it mines over reduces yearn AUM.

Mining Swerve helps mitigate this issue.

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It might sound cool but there is a problem with this strategy – Swerve distributes 9,000,000 $SWRV within first 2 weeks, after than farming speed drops drastically.

With current development pace (build + review the contracts) we will lose ~7 days of farming while using strategy for another week doesn’t look viable. Thoughts?


Token Distribution [awarded entirely to LPs]:

9,000,000 $SWRV [2 weeks]
9,000,000 $SWRV [year 1]
3,000,000 $SWRV [year 2]
3,000,000 $SWRV [year 3]
3,000,000 $SWRV [year 4]
3,000,000 $SWRV [year 5]
3,000,000 $SWRV [year 6]

Total: 33,000,000 $SWRV

Maybe 1 week of high mining rate is better than nothing?


There is not enough liquidity to make this happen imo.


As @milkyklim has highlighted, it’s 9mil swerve for 2 weeks, then 9mill for the next year. X26 less rewards after the 2 weeks is up

Not worth the man power and risk for such a small window. Better to concentrate on improving yETH vault


I agree with general sentiment: it does not seem worth the effort for just another week of meaningful incentives. Especially when taking into account all Vaults so far have had a 0.5% withdrawal fee.

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Perhap BZRX Mining is more interesting as it goes for another 2 1/2 months.

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I am against it. For some reason, it does not sound long term viable to me. You’re chasing a new startup here… A vault should be a “trusted store of value to park your coins in” and not some “chase the fab of the day”.

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Hey, thanks guys. That’s what I was wondering if it was worth the effort.
I appreciate your time and efforts looking into it.

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