(DEPRECTAED) Extend LM Rewards on ETH, LINK, WBTC, USDC, USDT, DAI

Deprecated Proposals (NOT SUBMITTED)
1

Proposal to Extend LM Rewards on ETH, LINK, WBTC, USDC, USDT, DAI

This proposal is expected to appear on Snapshot for voting on Monday 24th March 2021 at 12:00 pm UTC.

TL;DR

  • These tokens represent a HUGE share of TVL on Bancor
  • Stable coins become more relevant to traders in down markets
  • We don’t want to lose liquidity in stable coins before Shadow Tokens (I’ve heard this mentioned as an upcoming solution the team is working on)
  • ETH, LINK and WBTC are no brainers

Justification

These are the 6 deepest pools on Bancor at the moment and all are performing great since the market dip. In fact, take a look at the APRs below:

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Vote For - To extend LM rewards for an additional 12 weeks on all of these pools.
Vote Against - To no longer have LM rewards in these pools.

  • El Dude
3 Likes
2

Completely agree with extending these pools.
They’re the lifeblood of Bancor and earn our biggest fees.

The proposal does seem a bit lackluster though with info.
@mbr What do you say? Should we have a more detailed proposal like @MichalHerzyk Created in the past?

3 Likes
3

Sorry for the brief proposal, but I saw only 9 days left and I think these are no-brainers. Especially in this market.

4

I am closing this thread against the following two proposals.

1 Like