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

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:

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

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

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

I am closing this thread against the following two proposals.

1 Like