[MakerDAO] How best for Maker to collect liquidity rewards?

Good news! I had someone manually calculate what Maker would get if its provided DAI liquidity from April 16 to present had been held in a typical contract. We weren’t sure exactly when new rates went into effect after approval so just used the lowest number when in doubt.

Based on daily DAI balances provided by Maker, we estimate Maker has earned just over 521,000 CFG in liquidity rewards. It’s a big number, but Maker is the largest liquidity provider on Tinlake.

I also spoke to our Protocol Engineering team, and they assured me we can find a solution, though provision of wCFG to our pause proxy is likely to be the easiest method for everyone.

For the time being, I am certain we can task someone at Maker with monitoring and tracking the total accumulated rewards for the substantial current and future liquidity provided to Tinlake. We can work on how exactly to generate and migrate those rewards at a later date.

Let me know if you come out to a different number than our estimate above. I’ll make sure the spreadsheet jockeys use the formula and methods of measurement that you use for all DROP holders. We took daily values for both rewards and DAI balance of vaults connected to Tinlake (just one at present, but soon to be more).

We’re very excited to continue to grow our participation on Tinlake.

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