Add Liquidity Mining rewards for YFI (vote 2)

[Laur]

Vote YES on this proposal to add YFI to the BNT LM program!

I propose 20,000 BNT per week for 12 consecutive weeks, which should be enough to compete for deposits with the $YFI vault on yearn.finance.

[Laur]

Can someone add this to Snapshot please?

[glenn]

You should take a look at the following thread for guidelines on LM rewards proposal:

A Guide to BancorDAO Due Process

This document covers: The creation and publication of new proposals. Submitting proposals to a vote on Snapshot. Obligations to the Bancor DAO Anyone can create a new proposal for consideration by the Bancor DAO; there is no requirement to hold BNT or vBNT. The guidelines for proposal creation are obligatory, and were written into DAO law with the passing of BIP3 on 24 October 2020. These guidelines have since been updated to reflect the DAO decision making process on Snapshot, and were acce…

at least a justification would be helpful. Additionally, many in the community would point you to A Wager From the OCEAN LPs which has a good template to follow for LM rewards renewals.

[mbr]

The YFI Pool is already at $46M. There is a tonne of space in there: 125 YFI ($5,670,321). This space was available, even when LM was still active on the pool. I love YFI, but LM seems to have no effect on this pool.

[Laur]

I´m hoping for someone more knowledgeable in the process to take over from me.