Proposal: Change the fee in the vBNT pool from 0.75% to 1.5%
This proposal is expected to appear on Snapshot for voting on 2022-01-30T00:00:00Z. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.
For this proposal to pass, it requires a 20% quorum and 66.7% supermajority.
TLDR
- This proposal seeks to increase the pool fees on the vBNT pool from 0.75% to 1.5%.
- The vBNT pool on Bancor is the only source of liquidity for vBNT.
- An increased pool fee will help siphon more profits from arbitrageurs and vBNT traders to the vBNT pool LPs and most likely not affect volume therefore increasing APY for the LPs in the pool.
Weekly volume and fees
Weekly volume and fees have seen an uptick in the past two weeks (Figure 1), and have been declining since March (Figure 2).
Figure 1 - vBNT Weekly Volume and Fees from the beginning of November 2021
Figure 2 - vBNT Weekly Volume and Fees from the beginning of March 2021
For
- Increase the pool fee in the vBNT pool from 0.75% to 1.5%.
Against
- Keep the pool fee in the vBNT pool at 0.75%.