This proposal is expected to appear on Snapshot for voting on 2021-07-12T12:00:00Z. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.
TL DR
- The LM Rewards will be extended on Aave Pool.
- The current reward rates for the pool will be unaffected.
2a. There might be a separate proposal that reduces the rewards in half for this pool with the existing conditions left in place. - 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.
- 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 $20.3M:
We are not the deepest source of liquidity for this token and the uniswap, sushiswap, and quickswap AAVE-ETH pools are deeper:
There is also a Uniswap V3 pool with roughly ~$3.37M in liquidity.
Weekly Fees and Volume for this token since the week of 4/5:
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 4/5):
| symbol | total_fees |
|---|---|
| BAT | $125,079.66 |
| OCEAN | $141,529.70 |
| REN | $148,426.74 |
| GRT | $174,238.84 |
| WOO | $202,054.20 |
| UNI | $223,053.18 |
| ROOK | $289,469.21 |
| MKR | $354,916.60 |
| SNX | $365,253.36 |
| AAVE | $372,303.90 |
| YFI | $422,000.75 |
| ALPHA | $429,550.91 |
| wNXM | $797,134.52 |
| ENJ | $1,291,749.27 |
| MATIC | $1,760,353.93 |
~60 Days ago (since the week of 5/10):
| symbol | total_fees |
|---|---|
| REN | $62,930.15 |
| OCEAN | $67,769.67 |
| GRT | $78,728.89 |
| UNI | $83,402.09 |
| BAT | $100,079.63 |
| ROOK | $150,123.49 |
| WOO | $202,054.20 |
| MKR | $216,707.30 |
| ALPHA | $226,614.57 |
| AAVE | $231,900.82 |
| SNX | $256,122.20 |
| YFI | $265,919.83 |
| wNXM | $348,362.08 |
| ENJ | $495,802.55 |
| MATIC | $1,224,334.21 |
~30 Days ago (since the week of 6/7):
| symbol | total_fees |
|---|---|
| UNI | $14,578.07 |
| REN | $20,158.88 |
| MKR | $29,012.43 |
| YFI | $30,145.05 |
| GRT | $30,763.36 |
| OCEAN | $31,982.59 |
| BAT | $47,537.33 |
| AAVE | $60,848.50 |
| ALPHA | $63,152.97 |
| ROOK | $65,662.43 |
| wNXM | $67,450.10 |
| SNX | $88,422.46 |
| WOO | $155,823.29 |
| MATIC | $186,992.03 |
| ENJ | $213,959.65 |
Volume and Fee data since the week of 4/5/21:
| symbol | time | Conversion Fees in USD | Volume in USD |
|---|---|---|---|
| AAVE | 4/5/2021 0:00 | $17,592.65 | $8,778,733.91 |
| AAVE | 4/12/2021 0:00 | $37,864.10 | $18,894,184.30 |
| AAVE | 4/19/2021 0:00 | $25,500.54 | $12,724,770.10 |
| AAVE | 4/26/2021 0:00 | $38,772.54 | $19,347,497.08 |
| AAVE | 5/3/2021 0:00 | $20,707.14 | $10,332,865.27 |
| AAVE | 5/10/2021 0:00 | $50,642.81 | $25,270,763.31 |
| AAVE | 5/17/2021 0:00 | $74,175.96 | $37,013,805.80 |
| AAVE | 5/24/2021 0:00 | $35,521.48 | $17,725,218.81 |
| AAVE | 5/31/2021 0:00 | $10,748.61 | $5,363,556.82 |
| AAVE | 6/7/2021 0:00 | $11,701.66 | $5,839,126.37 |
| AAVE | 6/14/2021 0:00 | $9,871.47 | $4,925,863.24 |
| AAVE | 6/21/2021 0:00 | $17,172.79 | $8,569,223.74 |
| AAVE | 6/28/2021 0:00 | $9,088.59 | $4,535,205.93 |
| AAVE | 7/5/2021 0:00 | $12,943.55 | $6,458,831.46 |