Proposal: Extend LM Rewards on Aave Pool (2nd extension)

This proposal is expected to appear on Snapshot for voting on 2021-10-11T12:00:00Z. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.

TL DR

  1. The LM Rewards will be extended on the AAVE Pool.
  2. The current reward rates for the pool will be unaffected.
  3. The LM rewards duration on the AAVE pool can be ended prior to the completion of the extension if the DAO votes to do so.
  4. The LM rewards rate on the AAVE pool can be modified prior to the completion of the extension if the DAO votes to do so.

Vote For :
Extend LM Rewards for 12 Weeks on AAVE Pool

Vote Against :
Do not Extend LM Rewards on AAVE Pool

Discussion

Current pool depth is roughly 15M:

image

We aren’t the deepest source of liquidity for this token as a large portion resides on Uniswap V2 and Sushiswap:

There is also a Uniswap V3 pool with roughly ~5.8M in liquidity.

Weekly Fees and Volume for this token since the week of 7/12 (~90 days ago):

Compared to other tokens that have an ongoing or had an LM campaign, the total fees for different time periods:

~90 Days ago (since the week of 7/12):

symbol total_fees
NDX $13,394.53
ZCN $15,086.40
EDEN $18,430.57
UNI $19,989.52
MPH $25,586.53
COMP $36,483.11
MKR $44,086.94
YFI $56,067.56
GRT $56,735.48
BAT $66,442.93
OCEAN $80,405.22
ALPHA $98,975.44
AAVE $109,218.13
REN $128,355.42
ROOK $147,455.62
WOO $166,125.72
MATIC $196,427.29
wNXM $210,028.49
SNX $267,080.86
FARM $307,088.23
ENJ $448,119.33

~60 Days ago (since the week of 8/9):

symbol total_fees
NDX $9,814.16
ZCN $11,607.31
UNI $13,359.57
MPH $18,119.26
EDEN $18,430.57
COMP $25,958.64
MKR $27,069.08
BAT $33,667.18
YFI $44,380.85
GRT $44,770.74
ALPHA $53,114.01
OCEAN $60,675.39
AAVE $80,897.01
ROOK $107,732.49
WOO $113,965.00
REN $117,444.63
MATIC $129,248.64
wNXM $166,897.46
SNX $204,515.61
FARM $232,403.17
ENJ $304,420.32

~30 Days ago (since the week of ~9/6):

symbol total_fees
NDX $3,140.08
ZCN $4,069.02
MPH $4,518.50
UNI $5,352.53
MKR $8,799.76
BAT $9,678.53
GRT $10,854.36
YFI $10,932.30
ALPHA $11,678.97
COMP $12,526.07
EDEN $17,411.14
OCEAN $19,506.29
AAVE $22,416.05
MATIC $25,918.59
ROOK $35,951.97
FARM $37,989.24
WOO $54,660.81
wNXM $66,732.60
ENJ $72,870.18
SNX $75,300.85
REN $84,482.77

Volume and Fee data since the week of 7/12/21:

symbol time Conversion Fees in USD Volume in USD
AAVE 7/12/2021 0:00 $7,686.76 $3,835,691.25
AAVE 7/19/2021 0:00 $6,571.80 $3,279,329.75
AAVE 7/26/2021 0:00 $7,184.24 $3,584,937.38
AAVE 8/2/2021 0:00 $6,878.32 $3,432,281.08
AAVE 8/9/2021 0:00 $6,101.05 $3,044,422.07
AAVE 8/16/2021 0:00 $25,721.79 $12,835,175.61
AAVE 8/23/2021 0:00 $6,342.74 $3,165,029.38
AAVE 8/30/2021 0:00 $8,680.44 $4,331,538.57
AAVE 9/6/2021 0:00 $11,413.70 $5,695,436.65
AAVE 9/13/2021 0:00 $11,780.78 $5,878,610.53
AAVE 9/20/2021 0:00 $4,934.52 $2,462,327.60
AAVE 9/27/2021 0:00 $2,909.62 $1,451,901.41
AAVE 10/4/2021 0:00 $3,012.36 $1,503,167.83
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