# Add LM rewards for Rook - Bnt
**URL:** https://gov.bancor.network/t/add-lm-rewards-for-rook-bnt/836
**Category:** OLD GOV (LEGACY)
**Created:** [February 24, 2021, 6:27pm UTC](https://gov.bancor.network/t/add-lm-rewards-for-rook-bnt/836 "2021-02-24T18:27:41Z")
**Posts on this page:** 20
**Page:** 2
### Author:  [@bias](https://gov.bancor.network/u/bias)
#### Post date: [February 25, 2021, 8:43pm UTC](https://gov.bancor.network/t/add-lm-rewards-for-rook-bnt/836/21 "2021-02-25T20:43:16Z")
It’s worth pointing out that your rationale for providing LM rewards for Rook is totally different than your rationale for extending rewards for Badger/Digg, but with the same result of providing limited rewards to low volume trading pairs which would be held by third parties regardless. It’s hard to see how we’ll significantly benefit in terms of fees from these relatively illiquid pools.
In both cases we would be offering rewards to entice groups that we don’t necessarily need/want to entice. I had hoped that LM rewards would be used to entice holders of valuable liquidity that would otherwise _not_ participate.
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### Author:  [@Cryptomessiah](https://gov.bancor.network/u/Cryptomessiah)
#### Post date: [February 25, 2021, 8:49pm UTC](https://gov.bancor.network/t/add-lm-rewards-for-rook-bnt/836/22 "2021-02-25T20:49:55Z")
Well there’s no right answer for what is and what isn’t appropriate for LM rewards…
I think that LM rewards can definitely be used to incentivize participation in certain places…
I also think that LM rewards can be used to ensure stickiness of liquidity.
Many in the rook community went ahead and joined the liquidity pool in anticipation of LM rewards. I don’t expect this liquidity to stick unless bancor recognizes this and rewards the liquidity.
It was an act of faith. Simply put.
It’s the 13th most liquid pairing on bancor now… I’d like to keep it that way / provide opportunity for further growth.
It’s a low volume day for Rook on uniswap, and it’s managed to generate 4m usd volume on 14m usd liquidity. The pairing is capable of generating significant volume when volatility isn’t low.
Edit to add:
Bancor has a unique opportunity here to absorb liquidity and volume from uniswap / sushi / etc.
This opportunity exists within a finite window of time. I’d rather take chances / make aggressive moves to seize this opportunity rather than exercising extreme caution and letting it slip through our fingers.
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### Author:  [@gmoney](https://gov.bancor.network/u/gmoney)
#### Post date: [February 25, 2021, 9:01pm UTC](https://gov.bancor.network/t/add-lm-rewards-for-rook-bnt/836/23 "2021-02-25T21:01:34Z")
Agree with messi - got to capture market share as quickly as possible
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### Author:  [@bias](https://gov.bancor.network/u/bias)
#### Post date: [February 25, 2021, 9:04pm UTC](https://gov.bancor.network/t/add-lm-rewards-for-rook-bnt/836/24 "2021-02-25T21:04:04Z")
I hope that ROOK holders maintain their presence on Bancor. That said, I would much rather offer rewards to something like GRT for example who have 500m+ in daily volume. Ideally we are leveraging the limited pool of rewards to capture bluechips until their fee volume can eventually recoup and replace the rewards program.
It’s really hard for me to see that happening with ROOK.
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### Author:  [@Cryptomessiah](https://gov.bancor.network/u/Cryptomessiah)
#### Post date: [February 25, 2021, 9:06pm UTC](https://gov.bancor.network/t/add-lm-rewards-for-rook-bnt/836/25 "2021-02-25T21:06:13Z")
I totally agree with that.
However, with these blue chips… they are already entrenched in so many places.
It’s difficult to entice them to come to bancor.
I think that it’s appropriate to give LM rewards to _potential_ blue chips as well… go ahead and invest in their growth early.
Rook certainly fits the bill… It’s generating more revenue than aave.
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### Author:  [@bias](https://gov.bancor.network/u/bias)
#### Post date: [February 25, 2021, 9:49pm UTC](https://gov.bancor.network/t/add-lm-rewards-for-rook-bnt/836/26 "2021-02-25T21:49:09Z")
That’s an interesting point. I know that it can be difficult to attract certain holders. GRT delegators for example have a long process to get their tokens out AFAIK, but I have to assume that if the rewards are sufficient, they will come anyway. It’s just true that people will follow the yields. Also, we’re looking at 500m+ trading volume a day for GRT which de facto doesn’t include any of the delegators.
I did not like the badger/digg proposal but this one I can understand a little better. I just think we are better off with established tokens since the model here is simply better. I don’t see the need to “take risks” the way you do.
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### Author:  [@Cryptomessiah](https://gov.bancor.network/u/Cryptomessiah)
#### Post date: [February 25, 2021, 9:50pm UTC](https://gov.bancor.network/t/add-lm-rewards-for-rook-bnt/836/27 "2021-02-25T21:50:27Z")
Totally fair points.
Thanks for contributing to the discussion. 🤝
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### Author:  [@cfiber](https://gov.bancor.network/u/cfiber)
#### Post date: [February 25, 2021, 11:34pm UTC](https://gov.bancor.network/t/add-lm-rewards-for-rook-bnt/836/28 "2021-02-25T23:34:53Z")
I agree with this. I think liquidity mining rewards make a lot more sense to try and capture high value blue chips first and foremost. Adding such rewards for lower cap coins with more volatility and less volume introduces unnecessary risk at this stage, especially considering the pool is already full anyway. There’s still a wealth of blue chips with much higher volume we could incentivize instead, GRT, UNI, SUSHI, MKR, COMP, ALPHA, etc. I know you mentioned people pooled as an act of faith in anticipation of rewards but that is debatable because many tokens which have been listed already do not have liquidity mining rewards so why would ROOK be different?
I think it would make sense to revisit the addition of liquidity mining rewards to lower cap coins once Bancor has a solid hold over the top blue chips where most of the volume (and thus most of the fees / revenue) is anyway.
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### Author:  [@Cryptomessiah](https://gov.bancor.network/u/Cryptomessiah)
#### Post date: [February 26, 2021, 12:02am UTC](https://gov.bancor.network/t/add-lm-rewards-for-rook-bnt/836/29 "2021-02-26T00:02:56Z")
I will say this… Rook has higher volume today on bancor than Aave, Ocean, Renbtc, and Wnxm… which all have LM rewards.
And this is a low volume day for rook 😛
It’s pulling its weight.
Edit to add:
And now higher volume than Yfi, which also has LM rewards.
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### Author:  [@qxcs](https://gov.bancor.network/u/qxcs)
#### Post date: [February 26, 2021, 12:12am UTC](https://gov.bancor.network/t/add-lm-rewards-for-rook-bnt/836/30 "2021-02-26T00:12:34Z")
Get out of here with your rank 216 shitcoin. Stop making proposals to add LM rewards for shitcoins.
LM rewards should only be used to attract liquidity to pools that have demonstrated some kind of leadership in the space. Blue chip DeFi, stablecoins, ETH, wBTC only.
You should be banned from making proposals. You just had a shitcoin proposal knocked down and now you want another one.
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### Author:  [@Cryptomessiah](https://gov.bancor.network/u/Cryptomessiah)
#### Post date: [February 26, 2021, 12:18am UTC](https://gov.bancor.network/t/add-lm-rewards-for-rook-bnt/836/31 "2021-02-26T00:18:40Z")
Rook has a combined 25m usd of on chain liquidity…
Investors include alameda, 3ac, polychain…
CEO is same CEO as Ren… which gets favorable treatment around here.
It’s doing higher 30d revenue numbers than many of these supposed “blue chips”.
Tell me please, how is it less worthy of LM rewards than Aave…Ocean… wnxm… renbtc?
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### Author:  [@qxcs](https://gov.bancor.network/u/qxcs)
#### Post date: [February 26, 2021, 12:37am UTC](https://gov.bancor.network/t/add-lm-rewards-for-rook-bnt/836/32 "2021-02-26T00:37:11Z")
idgaf. you are a loser who is just looking for attention and apy on your bags. stop trying to dilute the protocol by seeking LM rewards on your favorite shitcoins. gtfo.
mods - ban this dipshit. thanks.
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### Author:  [@Cryptomessiah](https://gov.bancor.network/u/Cryptomessiah)
#### Post date: [February 26, 2021, 12:38am UTC](https://gov.bancor.network/t/add-lm-rewards-for-rook-bnt/836/33 "2021-02-26T00:38:43Z")
No need for hostility. You are welcome to downvote my proposals. That’s the power of the DAO!
Good luck!
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### Author:  [@big\_grill](https://gov.bancor.network/u/big_grill)
#### Post date: [February 26, 2021, 2:54am UTC](https://gov.bancor.network/t/add-lm-rewards-for-rook-bnt/836/34 "2021-02-26T02:54:15Z")
I will vote AGAINST this proposal. This proposal only benefits the holders of ROOK to the detriment of holders of BNT. And in fact this is true of all the proposals made by Cryptomessiah so I think it’s about time he gets **grilled** for this.
> Rook has higher volume today on bancor than Aave, Ocean, Renbtc, and Wnxm… which all have LM rewards.
This measurement makes no sense. You know why? Because all of ROOK liquidity is already in bancor. Let’s use a beter measure: liquidity in the pool vs total liquidity
ROOK $11,959,818/$12,653,051 = 95 %
AAVE $21,568,701/$4,111,250,386 = 0.5%
OCEAN $17,787,483/$352,157,355 = 5%
RENBTC $17,750,555/$833,116,442 = 2%
This means the rewards will not be used to attract more liquidity, and the volume of trades is not going to increase either. Worst of all you’re taking BNT holders as hostage just to keep your token in the pool. I suggest you find a different pool for your tokens and honestly I’m surprised such a smallcap ponzi token made it into bancor at all.
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### Author:  [@Cryptomessiah](https://gov.bancor.network/u/Cryptomessiah)
#### Post date: [February 26, 2021, 3:06am UTC](https://gov.bancor.network/t/add-lm-rewards-for-rook-bnt/836/35 "2021-02-26T03:06:34Z")
Your statement is false…
Rook has 14m of liquidity on uniswap as well.
Check uniswap.info… the amount of volume rook generates relative to the amount of liquidity itbhas is among the highest on uni…
I think there is opportunity here to monopolize this volume.
Another project that fits this bill is furucombo.
So rather than just coming here to be condescending, id suggest you do more research so that we can have constructive discussion.
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### Author:  [@big\_grill](https://gov.bancor.network/u/big_grill)
#### Post date: [February 26, 2021, 3:09am UTC](https://gov.bancor.network/t/add-lm-rewards-for-rook-bnt/836/36 "2021-02-26T03:09:37Z")
Oh wow, a token with a 12m market cap has 26m of liquidity?
> **[KeeperDAO price today, ROOK live marketcap, chart, and info | CoinMarketCap](https://coinmarketcap.com/currencies/keeperdao/)**
>
> Get the latest KeeperDAO price, ROOK market cap, trading pairs, charts and data today from the world’s number one cryptocurrency price-tracking website
That is very cool
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### Author:  [@Cryptomessiah](https://gov.bancor.network/u/Cryptomessiah)
#### Post date: [February 26, 2021, 3:10am UTC](https://gov.bancor.network/t/add-lm-rewards-for-rook-bnt/836/37 "2021-02-26T03:10:42Z")
CMC is wrong.
Market cap is ~350m rn.
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### Author:  [@RookMcApe](https://gov.bancor.network/u/RookMcApe)
#### Post date: [February 26, 2021, 3:13am UTC](https://gov.bancor.network/t/add-lm-rewards-for-rook-bnt/836/38 "2021-02-26T03:13:16Z")
Hey messiah … how can I get 300 badger a day for free ? u didn’t have to blow the devs did you? Spadafora: what that mouth do ?
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### Author:  [@Cryptomessiah](https://gov.bancor.network/u/Cryptomessiah)
#### Post date: [February 26, 2021, 3:16am UTC](https://gov.bancor.network/t/add-lm-rewards-for-rook-bnt/836/39 "2021-02-26T03:16:37Z")
Have anything constructive to say? I have time to rebut any concerns you might have.
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### Author:  [@bavi](https://gov.bancor.network/u/bavi)
#### Post date: [February 26, 2021, 5:32am UTC](https://gov.bancor.network/t/add-lm-rewards-for-rook-bnt/836/41 "2021-02-26T05:32:07Z")
Since the rook side of the rook/bnt pool is full already, I don’t see the point of adding liquidity mining rewards to this particular pool. The main reason for adding LM rewards is to bring in more liquidity, but looks like the incentive is good enough as it is currently, with IL protection and single sided exposure. No need to inflate the bnt supply by adding extra LM rewards for this pool. It wouldn’t benefit the bancor protocol overall, Hence I don’t support this proposal. A better idea would be to add a small amount of LM rewards on the bnt side of the pool only. This would give incentive for people to add their bnt to the pool → opens up more rook space → overal liquidity of the pool would be increased + the risk wouldn’t be solely taken by the protocol, but rather split between the bnt stakers
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