# Proposal: Extend LM Rewards for ROOK **URL:** \ **Category:** DAO Archive (SUBMITTED)\ **Created:** [May 19, 2021, 11:03pm UTC](https://gov.bancor.network/t/proposal-extend-lm-rewards-for-rook/2100 "2021-05-19T23:03:42Z")\ **Posts on this page:** 7\ **Page:** 1
**Author:** ![tfns](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/tfns/32/465_2.png) [@tfns](https://gov.bancor.network/u/tfns)\ **Post date:** [May 19, 2021, 11:03pm UTC](https://gov.bancor.network/t/proposal-extend-lm-rewards-for-rook/2100/1 "2021-05-19T23:03:42Z")
# Proposal to Extend LM Rewards for ROOK ## This proposal is expected to appear on Snapshot for voting on Monday 24th May 2021 at 12:00 pm UTC. # TL;DR - The liquidity mining (LM) rewards program started on the 28th of February 2021. - First 12 weeks of LM rewards for the ROOKBNT pool will be over on the 23rd of May 2021. - On the 5th of March (earliest data on Dune Analytics), the pool liquidity was ~33,829.16 ROOK (~$14,209,662.46), and has since grown to ~37,520.82 ROOK (~$12,876,755.27), captured on the 19th of May [1]. - In the past month, the pool has attracted an average of $3,392.95 in daily fees and an average daily volume of $1,693,083.5 [2]. - The ROOKBNT pool is the deepest ROOK DEX&CEX pool, with roughly triple the liquidity of Uniswap ($4,095,993) [3]. # Justification KeeperDAO has had a good synergy with Bancor. An example of such is the integration of their gasless limit order functionality in the Bancor swap widget. Here is a comparison of the fees obtained in the past 60 days from the pools with currently active LM rewards: ![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/1X/17b85ad9685dca52db0958b9082b1d781f8dbd32.jpeg) Please share your opinions/thoughts on the extension. [1] Pool liquidity obtained from [Dune Analytics](https://duneanalytics.com/queries/24447/50559) [2] Pool fees and volume obtained from [Dune Analytics](https://duneanalytics.com/queries/21597/44575) [3] KeeperDAO markets checked on [https://www.coingecko.com/en/coins/keeperdao#markets](https://www.coingecko.com/en/coins/keeperdao#markets) ---
**Author:** ![eldude](https://avatars.discourse-cdn.com/v4/letter/e/c6cbf5/32.png) [@eldude](https://gov.bancor.network/u/eldude)\ **Post date:** [May 20, 2021, 9:29am UTC](https://gov.bancor.network/t/proposal-extend-lm-rewards-for-rook/2100/2 "2021-05-20T09:29:40Z")
- The ROOKBNT pool is the deepest ROOK DEX&CEX pool, with roughly triple the liquidity of Uniswap ($4,095,993) [3]. well, this part got my vote. ---
**Author:** ![Maj\_Murph](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/maj_murph/32/223_2.png) [@Maj\_Murph](https://gov.bancor.network/u/Maj_Murph)\ **Post date:** [May 20, 2021, 12:11pm UTC](https://gov.bancor.network/t/proposal-extend-lm-rewards-for-rook/2100/3 "2021-05-20T12:11:45Z")
Good pool for growth with mev narrative bound to kick off. Will vote for ---
**Author:** ![ThePulp](https://avatars.discourse-cdn.com/v4/letter/t/ecc23a/32.png) [@ThePulp](https://gov.bancor.network/u/ThePulp)\ **Post date:** [May 20, 2021, 2:22pm UTC](https://gov.bancor.network/t/proposal-extend-lm-rewards-for-rook/2100/4 "2021-05-20T14:22:28Z")
I think this pool needs more time. Has great potential. Will be a YES vote for me. ---
**Author:** ![veryverycool](https://avatars.discourse-cdn.com/v4/letter/v/e19b73/32.png) [@veryverycool](https://gov.bancor.network/u/veryverycool)\ **Post date:** [May 22, 2021, 2:54am UTC](https://gov.bancor.network/t/proposal-extend-lm-rewards-for-rook/2100/5 "2021-05-22T02:54:37Z")
Will be voting yes here. ---
**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:** [May 22, 2021, 5:53am UTC](https://gov.bancor.network/t/proposal-extend-lm-rewards-for-rook/2100/6 "2021-05-22T05:53:12Z")
As it currently stands, the [BNT-ROOK pool](https://etherscan.io/address/0xFa7b9AD60304119f59B172Ef78B98D50cb9A5c98) has drawn ~16M in liquidity and we have succeeded in becoming the deepest pool compared to uniswap and sushiswap: ![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/1X/3cd3b0c33dcd1fec0f522070b38ffa6b55897564.png) The liquidity on the ROOK side of the pool roughly filled up completely on the week of 3/1: ![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/1X/1757470eb5f0bc00c914ce43959f514fbe8f0fee.png) and hasn’t changed much since then. The weekly fees for this pool have been in the range of ~$6K-~$46K and the peak was on the week of 4/12: ![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/1X/2cb8af02e4369bdc72fe743100c71088ea9e990d.png) which correspond to the following volume: ![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/1X/abc7cac72905105146d7034d58a421a13cb633d1.png) Here are the total fees that have been collected since the week of 3/1 for the ROOK pool and others that have come up for renewal recently: | symbol | total\_fees | | --- | --- | | REN | $181,495.58 | | GRT | $197,466.12 | | OCEAN | $236,547.89 | | ROOK | $266,082.36 | | UNI | $280,063.22 | | AAVE | $343,870.52 | | SNX | $346,296.01 | | YFI | $415,657.39 | | ALPHA | $437,180.36 | | wNXM | $826,941.80 | | MATIC | $1,405,142.49 | | ENJ | $1,524,639.54 | Full data is below: | symbol | time | Conversion Fees in USD | Volume in USD | | --- | --- | --- | --- | | ROOK | 3/1/2021 0:00 | $6,043.14 | $3,015,525.52 | | ROOK | 3/8/2021 0:00 | $17,605.41 | $8,785,101.87 | | ROOK | 3/15/2021 0:00 | $16,937.05 | $8,451,587.45 | | ROOK | 3/22/2021 0:00 | $24,035.62 | $11,993,774.11 | | ROOK | 3/29/2021 0:00 | $16,838.76 | $8,402,542.81 | | ROOK | 4/5/2021 0:00 | $20,290.99 | $10,125,205.43 | | ROOK | 4/12/2021 0:00 | $46,036.74 | $22,972,331.10 | | ROOK | 4/19/2021 0:00 | $28,579.55 | $14,261,196.47 | | ROOK | 4/26/2021 0:00 | $16,726.63 | $8,346,588.40 | | ROOK | 5/3/2021 0:00 | $27,711.81 | $13,828,191.81 | | ROOK | 5/10/2021 0:00 | $25,574.88 | $12,761,863.90 | | ROOK | 5/17/2021 0:00 | $19,701.96 | $9,831,278.68 | ---
**Author:** ![mbr](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/mbr/32/3021_2.png) [@mbr](https://gov.bancor.network/u/mbr)\ **Post date:** [May 27, 2021, 9:42am UTC](https://gov.bancor.network/t/proposal-extend-lm-rewards-for-rook/2100/7 "2021-05-27T09:42:31Z")