This proposal is expected to appear on Snapshot for voting on 2021-11-07T12:00:00Z. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.
APWine (APW) has been recently whitelisted on Bancor and launched a liquidity pool
Now requesting 2500 BNT per week for 8 weeks to give enough liquidity for the buy back to make sense and in coordination with the upcoming v1 launch which will draw attention and demand to the APW token
If approved, APWine will direct additional liquidity and volume into the Bancor ecosystem and accelerate the benefits derived from the Bancor Vortex burner. This will be achieved by creating liquidity pairs for Future Yield tokens when Bancor v3 deploys.
APWine is settling into the Bancor Ecosystem and aiming to facilitate the trading of unrealized yield across DeFi. The buyback program, through increased swap volume, increases the TVL within the Bancor ecosystem (by locking fees) and burns BNT (reduces the total BNT supply). As an added benefit, users are able to decrease their risk by borrowing against their staked BNT.
The APWine Team will soon deploy v1 of its protocol, creating demand for the APW token and is eagerly awaiting V3. During which, APWine is aiming to establish a deeply entrenched footprint within the Bancor Ecosystem. Our goal is to allow users to trade future yield on their Bancor LP position(s) through the custom APWine AMM.
Vote FOR: Start LM on APW/BNT pool at the amounts listed above in exchange for using the Bancor pool for APW buy backs
Vote AGAINST: make no change