BNT Liquidity Mining was recently approved by Bancor governance, with weekly BNT rewards currently being generated by liquidity providers staking in 10 rewards pools.
LPs who stake in qualifying pools earn BNT rewards retroactively when liquidity mining eventually goes live.
The long-term success of the Bancor protocol as both an exchange and a trading platform, depends in part on attracting liquidity directly from other DEXs. Whilst LPing on Bancor is the only way to protect yourself from impermanent loss, we have a long way to go to ensure that the market catches up to this development.
We therefore propose to enter UNI into the Liquidity Mining Program for a full 12 weeks as a mid-cap pool.
Making this token eligible for LM rewards will:
- Educate long-term Uniswap users about the opportunity to provide liquidity to those tokens in Bancor, free of the risk of impermanent loss
- Play an indispensable role in raising Bancor’s profile as the most liquidity provider-friendly DEX in DeFi.
To vote to add UNI to the LM program:
Stake BNT in a protected pool on http://bancor.network 6
Receive vBNT
Use vBNT to vote on http://vote.bancor.network