# Extend LM on the BAT pool

**URL:** <https://gov.bancor.network/t/extend-lm-on-the-bat-pool/2531>\
**Category:** DAO Archive (SUBMITTED)\
**Created:** [July 2, 2021, 11:31am UTC](https://gov.bancor.network/t/extend-lm-on-the-bat-pool/2531 "2021-07-02T11:31:38Z")\
**Posts on this page:** 1\
**Showing post:** 11

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**Author:** ![glenn](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/glenn/32/1720_2.png) [@glenn](https://gov.bancor.network/u/glenn)\
**Post date:** [July 5, 2021, 5:50am UTC](https://gov.bancor.network/t/extend-lm-on-the-bat-pool/2531/11 "2021-07-05T05:50:03Z")

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At the moment, we have the deepest pool and Uniswap V2 is far behind (2nd highest depth, not much on V3):

![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/2X/e/eef7c6e6ab69bed295ce41c878e1eab4f990f8e8.png)

We are the largest (16.5M) by ~3x as much as the 2nd biggest (6M) pool on Uniswap V2.

The total fees for this pool and others that have had LM rewards since the week of 6/7 (about 30 days worth):

| symbol | total\_fees |
| --- | --- |
| UNI | $12,799.78 |
| REN | $18,146.65 |
| MKR | $24,157.10 |
| GRT | $26,147.46 |
| YFI | $26,656.51 |
| OCEAN | $29,045.70 |
| ALPHA | $32,508.82 |
| BAT | $42,856.52 |
| AAVE | $47,956.39 |
| ROOK | $58,372.42 |
| wNXM | $60,635.06 |
| SNX | $65,840.81 |
| WOO | $149,225.81 |
| ENJ | $170,779.83 |
| MATIC | $180,324.01 |

puts it in the middle of the pack. Its volume and fees picked up on the week of 5/3 when we enable LM rewards (around 5/6):

 ![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/2X/6/65650c9507d2cec010fc54baae354d9a4970a5e1.png)

 ![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/2X/a/a01213845d67014d12fc27dd7cb9c2740ccc3f80.png)

I think this pool should be capable of more volume but I think that the current fee .5% is holding us back (we have competitors). A quick test for this, when swapping from **BNT** to **BAT** , I am seeing that any amount above 40 BNT ($130) does not go through Bancor. 1inch essentially is using the USDT pool (and others) to swap the BNT and then sending it to some other location:

 ![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/2X/8/82aabb8f3231215cb2462959b6ca0e46b1f4dcf9.jpeg)

we don’t come into the picture again until the order is roughly ~75K at 10%:

 ![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/2X/b/b235322394705d1eeca75c20751d30a89efa04b2.jpeg)

Without us in the picture, most of this appears to be routed to some PMM (private market makers)

 ![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/2X/6/68297c85642decc02afa963fbbbc144c3aac2975.jpeg)

It might be worth considering dropping fees as part of a separate proposal to at least be competitive with Uniswap.

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_[View the full topic](https://gov.bancor.network/t/extend-lm-on-the-bat-pool/2531)._