Proposal: Extend LM rewards on MKR/BNT pool

[glenn]

The fee reduction proposal is a here:

Proposal: Lower MKR-BNT Fees to 0.1%

This proposal is expected to appear on Snapshot for voting on 2021-06-21T12:00:00Z (UTC) Coming from this thread. Making the fees competitive is a good idea as we are essentially pricing our selves out at the moment. We are not the pool with the highest liquidity and hence don’t have much market power. [image] The above doesn’t count Uniswap V3 which has 15M in liquidity on the MKR-ETH pair: [image] Compare to us at ~23M: [image] The fees for these pools are set between .16%-.3% at the…

and already live on snapshot.

Also, why didn’t you modify the original proposal?:

Proposal to extend LM rewards in MKR/BNT Pool

Proposal to Extend LM Rewards on MKR /BNT pool TL;DR As of now Pool has $23M, and is in our top 10 in terms of total value. Fees generated from swaps are still low as of now so likely will lose most of the MKR participants when LM ceases Current APR is the highest pool for BNT holders at the moment as a %, so it’s a good pool for us BNT supporters propose extending LM rewards in current state for another 12 weeks Thoughts?