Proposal to Activate LM Rewards on Barnbridge (BOND)
This proposal is expected to appear on Snapshot for voting some day in Juli 2021 at 12:00 pm UTC
TL;DR
- Attracting a wider audience to Bancor
- Offering a better oppertunity than Coinbase custodial staking
Justification
Both Gemini and CoinBase are increasingly exposing their community to Barnbridge. To catch this momentum, we can offer Barnbridge holders a way to diversify their yield by adding LM rewards. The simplicity and protection of Bancor single side LP staking combined with the financial incentive from LM rewards creates a low entry barrier for new investors to explore DeFi. Potentially drawing them away from their homes on centralized exchanges and onboard them to DeFi..