- Top DEX pools are WOO/USDC and WOO/WETH on Uniswap with a liquidity/volume of $942,109/$172,922 and $12,968,233/$4,410,980 respectively.
- Currently, the Wootrade community isn’t LPing on Bancor because the pool is full and needs 20k BNT to be staked to open up space.
- If we want to get some decent liquidity, I believe a coinvestment of 250k BNT is a good number, but open to debate.
- Wootrade has rewarded Uniswap and Sushiswap with WOO LM reward . A similar situation could happen with Bancor if we can bring their community over.
- Pool has been accruing fees at an APR of around 2-6% for the past days.
- The potential for a Bancor integration on the Wootrade platform is a good incentive to bring their community over. They seem to be informed on IL and have asked about LPing here multiple times.
- Ben Yorke, part of Wootrade’s team, has mentioned they would like to help drive volume and liquidity to potentially get the community to vote for LM rewards.
If this gets a positive response, I’ll draft a proposal.