I’m proposing to give LM rewards to Rook/BNT.
In less than a week, and without LM rewards, Rook/BNT has become the 13th most liquid pairing on bancor.
At the time of writing this post, that liquidity stands at 12.5m usd vs uniswap’s 14m usd.
With just 14m of liquidity on uniswap, the uniswap liquidity pool is consistently churning over 7m usd volume per day.
With the newfound liquidity on bancor, aggregators are beginning to include bancor in routing for orders > 40 eth.
If we can surpass uniswap in liquidity, we can effectively capture almost any traffic from aggregators.
Adding LM rewards for rook would allow this liquidity to grow / surpass available liquidity on uniswap, as incoming BNT stakes would free up more space for coinvestment.
Due to the nature of Rook’s Hiding Game and the consistent daily volume it creates on the market from arbitragers, I believe that with LM rewards + Pool fees, the Rook/Bnt pool could become one of the highest APR pools on bancor.
Edit to add:
Rook/Bnt has maxxed out its 1M coinvestment budget! Passing this proposal will be crucial to further growing this pool. The pool currently stands at 13.7M in liquidity.