There is over >3K of single sided IL protected capacity for SFI on Bancor:
that’s around ~$700K at the current $SFI value of ~$233. This would make the Bancor pool > $1.4m in depth if it fills up completely and provide some much-needed liquidity for $SFI on Ethereum mainnet:
This would also make this pool the deepest out of all of them and would let the Saffron finance treasury get some passive yields in a relatively low-risk manner. Additionally, since you would be implementing buybacks through the Bancor pool then a portion of those fees would essentially go back to the Saffron Finance treasury.
If it provides any confidence, note that we have had other DAOs already stake a portion of their treasury on Bancor:
- UMA: ~$570K ( ~40K UMA tokens) for the initial deposit (etherscan)
- Harvest.finance: ~$500K for the initial deposit (etherscan) but now up to ~$2.87m after subsequent $FARM deposits ( ~17103 $FARM tokens total).
- Barnbridge: ~$1.4m for the initial deposit (etherscan) but now up to ~$1.7m after subsequent $BOND deposits ( ~110K $BOND tokens total)
- Paraswap: $284K for the initial deposit (etherscan) but now up to ~$450K after subsequent $PSP deposits ( ~1.5m $PSP tokens total)
- KeeperDAO: $790K ( ~6400K $ROOK tokens) for the initial deposit (etherscan)