Proposal to Activate LM Rewards on Token (TKN)
This proposal is expected to appear on Snapshot for voting on Monday 3rd May 2021 at 12:00 pm UTC.
- Appears there is strong support to add $2M of BNT co-investment to grow the BAT pool.
- Adding LM rewards will incentivize the switch from other DEXes to move to Bancor.
- BAT is one of the largest pools that hasn’t benefitted from LM. Adding the $2M co-investment and LM will grow this pool into a good size quickly.
BAT is a strong token that doesn’t offer any innate staking ability for token holders. Providing LM will grow this pool quickly and help fill the new space created if the co-investment passes.