I propose that we discontinue all Aero bribes and use the existing Aero tokens we have acquired to support our pool through voting. Over 400K USD worth of Symm has been given to Aero voters, most of this will have been sold resulting in bad price action and unless we make changes, this will continue (check the POL wallet 0x3f90af3394b0caa440465397333ce062071e0863). The current Aero incentive program presents several challenges: notably, of the 1.7 million in total liquidity, 1.1 million is Protocol-Owned Liquidity (POL), and a significant portion of the bribes are being sold, resulting in persistent sell pressure on Symm in exchange for Aero tokens. Approximately 65% of the liquidity—and thus 65% of the rewards—is allocated to POL. This distribution raises multiple concerns. First, POL liquidity is already secured and does not require additional incentivization, meaning only a small fraction of rewards reaches users, which in turn limits the amount of new liquidity contributed by them. Second, the management of POL has been suboptimal, with Aero rewards accumulating without being locked or utilized to vote for our pool. These issues, combined with the continuous selling of Symm, necessitate a strategic shift to stabilize the Symm token and restore upward momentum to its market performance. Implementing these proposed changes, alongside the introduction of staking, would position Symm favorably by alleviating sell pressure while we await broader adoption of our products.
Option 1: Discontinue Bribes and Allocate Symm to Single Staking Pool.
Cease all Aero bribes immediately and redirect the Symm tokens to a single staking pool, distributing them as rewards over the remainder of this year and into the next. This approach would reduce overall liquidity which could be solved in the long run through the buyback staking model, and eliminate the current sell pressure from Aero bribes. By distributing Symm to single stakers, we enhance APR, incentivizing staking and encouraging Symm purchases among users.
Option 2: Discontinue Bribes and Establish a Liquidity Staking Pool on Symm Platform.
Halt all Aero bribes immediately and establish a liquidity staking pool on the Symm website. The remaining Symm tokens would be distributed over this year and next to users who provide Symm/WETH liquidity on Aero and stake it via the Symm platform. This strategy avoids disproportionately rewarding POL, significantly increasing the incentives for user-driven liquidity provision. It also reduces sell pressure, as Symm liquidity providers are less likely to offload Symm compared to Aero voters.
Option 3: Maintain Status Quo
Vote to reject any changes and continue with the existing structure.