Summary
This proposal seeks to expand the PIKU incentive program by including three newly launched yield products within the Piku Finance ecosystem:
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Morini FXArbUSDTRY Vault
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Morini StockMarketTRBasisTrade Vault
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Morini CarryTradeUSDTRYLeverage Vault
The objective is to accelerate adoption of these vaults, attract new capital, and strengthen the growth of Piku Finance’s yield-generating product suite.
Rationale
As Piku Finance expands beyond USP and continues building a broader ecosystem of yield-generating products, incentive programs should support the growth and adoption of newly launched vaults that provide attractive risk-adjusted returns to users.
Under this proposal, users who deposit capital into the following vaults and hold the corresponding vault tokens will be eligible to receive PIKU incentives:
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Morini FXArbUSDTRY Vault — 10% of USP Holding incentives (6,844.63 PIKU per day)
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Morini StockMarketTRBasisTrade Vault — 10% of USP Holding incentives (6,844.63 PIKU per day)
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Morini CarryTradeUSDTRYLeverage Vault — 10% of USP Holding incentives (6,844.63 PIKU per day)
These vaults provide access to differentiated yield strategies, including FX arbitrage, equity basis trading, and carry trade opportunities. By directing incentives toward these products, Piku Finance can accelerate TVL growth, improve user adoption, and establish a stronger foundation for its expanding suite of yield-generating offerings.
The proposed incentive structure aligns PIKU emissions with ecosystem growth objectives, encouraging users to actively deploy capital into Piku Finance products while supporting the long-term development and scalability of the platform.
Morini FXArbUSDTRY Vault: USP - Yield Optimized Stablecoin
Morini StockMarketTRBasisTrade Vault: USP - Yield Optimized Stablecoin
Morini CarryTradeUSDTRYLeverage Vault: USP - Yield Optimized Stablecoin
Incentive Distribution – Pre Proposal
| Rate | Campaign Type | Distributed PIKU Amount Everyday |
|---|---|---|
| 55% | Holders of USP Token | 37,645.45 |
| 10% | Uniswap USP Pool Incentive | 6,844.63 |
| 10% | Curve frxUSD/USP Pool Incentive | 6,844.63 |
| 5% | Pendle LP USP | 3,422.31 |
| 5% | Pendle YT USP | 3,422.31 |
| 7.5% | Borrow USDC on USP/USDC 86% | 5,133.47 |
| 2.5% | Supply to Alpha USDC Forex V2 Vault on Morpho on Ethereum | 1,711.16 |
| 2.5% | Borrow frxUSD on USP/frxUSD | 1,711.16 |
| 2.5% | Supply to Alpha Frax USD Enhanced V2 Vault on Ethereum | 1,711.16 |
Incentive Distribution – Post Proposal
| Rate | Campaign Type | Distributed PIKU Amount Everyday |
|---|---|---|
| 30% | Holders of USP Token | 20,533.89 |
| 10% | Uniswap USP Pool Incentive | 6,844.63 |
| 10% | Curve frxUSD/USP Pool Incentive | 6,844.63 |
| 10% | Holders of Morini FXArbUSDTRY Vault Token | 6,844.63 |
| 10% | Holders of Morini StockMarketTRBasisTrade Vault Token | 6,844.63 |
| 10% | Holders of Morini CarryTradeUSDTRYLeverage Vault Token | 6,844.63 |
| 5% | Pendle LP USP | 3,422.31 |
| 5% | Pendle YT USP | 3,422.31 |
| 7.5% | Borrow USDC on USP/USDC 86% | 5,133.47 |
| 2.5% | Supply to Alpha USDC Forex V2 Vault on Morpho on Ethereum | 1,711.16 |