SFI - Saffron Finance - Liquidity Mining Proposal and SFI Buy-Back
This proposal is expected to appear on Snapshot for voting on 2022-01-16T00:00:00Z. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.
- Proposal to activate liquidity mining on SFI
- Requesting limited LM of 2500 BNT per week (5000 BNT with multiplier) for 8 weeks
- If approved then Saffron governance will prioritize Bancor exclusively for SFI buy-back
SFI was white listed recently by the Bancor DAO (August 19th) (link: Proposal: Whitelist Saffron Finance (SFI) with 250K Co-Investment)
SFI Buy-Back. The response from the Bancor platform, DAO, and community has been positive regarding the inclusion of SFI as a whitelisted asset. If a buy-back of SFI tokens is authorized by Saffron governance then it should be executed on-chain where the most organic liquidity is found.
TVL. As noted above, we would like to prioritize Bancor for executing the buy-back, and TVL is important to incur the smallest price impact as possible. In exchange for prioritizing the Bancor AMM for any purchases of SFI on-chain, the Bancor network will issue 2500 BNT per week in LM rewards for the SFI/BNT pair.
Initial Stages of Development
This proposal is an initial introduction to the idea of having an ongoing partnership between the Saffron and Bancor governance communities and is the first major step towards putting the Saffron treasury to work on Bancor. Due to the successful governance proposal in the past we expect our future collaboration to have similar positive outcomes for SFI and BNT holders.
Disclaimer: The decisions made in this proposal are subject to change in future governance votes. However, until another governance vote is made to cancel these actions, the outcome of this proposal is binding and will be followed out as strictly as possible given current market conditions.
Vote FOR: Start LM on SFI/BNT pool at the amounts listed above in exchange for prioritizing the Bancor pool for future SFI buy-backs
Vote AGAINST: Make no change