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HIP
We’re proposing HIP-22 to enhance zUSD liquidity by establishing a concentrated zUSD — USDC pool on Pancakeswap V3 and sunsetting incentives for Wombat Exchange. By partnering with Cupcake Hop (ICHI) as the position manager, this proposal represents a shift toward protocol-owned liquidity, enhancing long-term sustainability and efficiency.
We’re releasing the latest Horizon Improvement Proposal (HIP), which focuses on optimizing HZN emissions by ending incentives for the zBNB — BNB pool. While the pool will remain live on Wombat Exchange, removing incentives will allow for a more efficient allocation of resources.
We are pleased to announce that HIP-21 has been approved and that incentives for the zBNB — BNB pool on Wombat will cease on September 16th, after the current epoch finishes.
We are pleased to announce that HIP-19 has been approved and will be implemented by tomorrow, Friday, August 18th, 2024, before the next Staking reward distribution.
HIP-19 proposes to temporarily reduce the Target C-Ratio to 350%. This adjustment aims to relieve pressure on stakers, making it easier to claim weekly rewards without burning zUSD or self-liquidating.
In our ongoing efforts to expand our platform and provide more trading opportunities, we’re excited to announce a new proposal for adding two Futures markets. Responding to the community’s interest in popular meme coins, HIP-18 suggests the addition of Dogecoin (DOGE) and Shiba Inu (SHIB) to Horizon Futures.