# Proposal: Activate LM rewards on the SFI-BNT pool in exchange for SFI buybacks

**URL:** <https://gov.bancor.network/t/proposal-activate-lm-rewards-on-the-sfi-bnt-pool-in-exchange-for-sfi-buybacks/3335>\
**Category:** DAO Archive (SUBMITTED)\
**Created:** [January 13, 2022, 6:19pm UTC](https://gov.bancor.network/t/proposal-activate-lm-rewards-on-the-sfi-bnt-pool-in-exchange-for-sfi-buybacks/3335 "2022-01-13T18:19:51Z")\
**Posts on this page:** 1\
**Showing post:** 2

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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:** [January 19, 2022, 8:37am UTC](https://gov.bancor.network/t/proposal-activate-lm-rewards-on-the-sfi-bnt-pool-in-exchange-for-sfi-buybacks/3335/2 "2022-01-19T08:37:13Z")

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There is over \>3K of single sided IL protected capacity for SFI on Bancor:

![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/2X/4/45cf2593ca50929cdedaaa5da2f258d1c3e59840.png)

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:

![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/2X/c/cf839036a9403e137cf04b7e50c119d722d7fa9f.png)

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](https://umaproject.org/): **~$570K** ( **~40K** UMA tokens) for the initial deposit ([etherscan](https://etherscan.io/tx/0x9bda706e9c6d0ffcc6ed6cb5393a3edb4c4d2d6b8a66a500b8090ed0bbc35f04))
- [Harvest.finance](https://harvest.finance/): **~$500K** for the initial deposit ([etherscan](https://etherscan.io/tx/0x179602b10746fbcd00923b646532b910f91af1684304eec32ee1650d6cf0313e)) but now up to **~$2.87m** after subsequent $FARM deposits ( **~17103** $FARM tokens total).
- [Barnbridge](https://barnbridge.com/): **~$1.4m** for the initial deposit ([etherscan](https://etherscan.io/tx/0xb3375c3a17111c9432be8d9f70a00245bafe3537c4b6f636cc1db19143365787)) but now up to **~$1.7m** after subsequent $BOND deposits ( **~110K** $BOND tokens total)
- [Paraswap](https://paraswap.io/): **$284K** for the initial deposit ([etherscan](https://etherscan.io/tx/0xbf4f3fe610643295a9ca8cca3bd206af5fc2a79c7018b791e33d2f6fa98cbd2a)) but now up to **~$450K** after subsequent $PSP deposits ( **~1.5m** $PSP tokens total)
- [KeeperDAO](https://www.keeperdao.com/): **$790K** ( **~6400K** $ROOK tokens) for the initial deposit ([etherscan](https://etherscan.io/tx/0xe6d9f875c3fbea91aebdd337e534f1ee3abd5a0fa43d0005c774e202a1264f26))

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_[View the full topic](https://gov.bancor.network/t/proposal-activate-lm-rewards-on-the-sfi-bnt-pool-in-exchange-for-sfi-buybacks/3335)._