Keep the Ball Rolling - Continue Alpha LM Rewards

This proposal is expected to appear on Snapshot for voting on 2021-08-16T12:00:00Z. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.

Proposal:
To continue Alpha LM rewards for another 12 weeks

Why not?
LM is expensive and we have continued them for Alpha once already.

But why?

  1. Bancor has the deepest liquidity pool for Alpha out of any DEX - keeping this is beneficial for all Bancor Stakers

  2. Alpha Tokenomics (native staking of Alpha) is providing APY to stakers of 7%-12%. Bancor Fees are roughly 3-10%. Bancor, with additional LM rewards + Fee’s provided to stakers provides a much superior APY of over 20%. This means Bancor, with some marketing, can in fact drive more users to stake Alpha on Bancor compared to any other single sided staking in the market.

  3. Alpha Pool on Bancor has generated 585,936.87USD in fees in 128 days to Bancor (broken down in months as / March 116,816.4USD / April 170,484.3USD / May 190,905.8USD / June 49,272.21USD / 58,458.15USD) or 4,577.63USD per day. This is easily one of the top performing pools on Bancor and will continue to be.

I have personally been staking Alpha, along with many other tokens on Bancor and continue to restake BNT consistently. Again, I understand this is quite early but believe keeping Bancor with the deepest liquidity pool for Alpha on any DEX while driving fee revenue to the protocol is key. As an Alpha community member and Bancor fanatic (and hodler), would like to express our sincere gratitude towards the team and community members. Keep up the good work and hope you consider this proposal in due time!

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It is still too early for the DAO to consider an extension on the ALPHA pool. I am going to set this vote to be on 8/16 which should still allow for the rewards to continue without interruption if the DAO votes in favor of an extension.

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Thank you for your feedback and I apologize for being a little early. Cheers!

3 Likes

What integrations are possible between Bancor and ALPHA?

How much on chain trading does ALPHA do?

How much is on Bancor?

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What integrations are possible between Bancor and ALPHA?

  • Some sort of leveraged yield single sided staking would be my thoughts. I’m not sure if the Bancor team would be willing to take risk or a possibility could be a 100 day lock up (no early withdrawal)

How much on chain trading does ALPHA do?

I would have to double check. Roughly 60-70% from CEX

How much is on Bancor?

The 585,936USD +/- generated in 128 days / 0.2% trading fee would imply a total volume of 292,968,000m USD or 2,288,812m USD average per day.

2 Likes