Just wanted to share my thought given that the proposal did pass. I mentioned this in the call over the weekend but I will put it here as well:
- The co-investment on this pool should be increased to 2M BNT since it is already full on the EDEN side:
and there isn’t any space for TKN LPs:
Note that the pool does have good volume (daily average 6M+) and this would let us capture some of the larger trades since the price impact would be less as the pool grows in size:
$53 is assuming that 100% of the rewards go towards the EDEN side of the pool but the split is 70%-30%. The vast majority of rewards are going towards $BNT holders and this number should actually be 53 * 30% = ~$16