Proposal: Extend LM Rewards on SNX 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 SNX Pool.
  2. The current reward rates for the pool will be unaffected.
  3. The LM rewards duration on the SNX 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 SNX 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 SNX Pool

Vote Against :
Do not Extend LM Rewards on SNX Pool

Discussion

Current pool depth is roughly 12.6M:

image

We are in second place when it comes to liquidity for this token (right behind balancer):

image

There is also a Uniswap V3 pool with roughly ~3.18M 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 $13,333.79
ZCN $15,022.56
EDEN $17,410.83
UNI $19,921.27
MPH $25,076.29
COMP $36,301.68
MKR $43,795.71
YFI $55,770.30
GRT $56,267.09
BAT $66,211.48
OCEAN $79,633.56
ALPHA $98,876.55
AAVE $108,996.89
REN $127,864.85
ROOK $147,080.41
WOO $162,807.61
MATIC $195,954.56
wNXM $209,600.44
SNX $263,473.68
FARM $306,854.96
ENJ $446,997.22

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

symbol total_fees
NDX $8,459.01
ZCN $10,227.29
UNI $12,002.98
MPH $14,706.33
EDEN $17,411.02
COMP $22,492.74
MKR $23,227.76
BAT $30,269.78
GRT $37,072.68
YFI $38,049.39
ALPHA $41,373.63
OCEAN $53,507.24
AAVE $74,574.73
ROOK $86,441.58
WOO $97,618.32
MATIC $106,705.18
REN $114,598.42
FARM $137,510.27
wNXM $141,545.05
SNX $182,360.83
ENJ $270,341.92

~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
SNX 7/12/2021 0:00 $16,657.95 $8,312,319.20
SNX 7/19/2021 0:00 $16,207.62 $8,087,603.76
SNX 7/26/2021 0:00 $15,991.65 $7,979,834.89
SNX 8/2/2021 0:00 $13,720.98 $6,846,769.66
SNX 8/9/2021 0:00 $18,534.64 $9,248,784.11
SNX 8/16/2021 0:00 $25,068.77 $12,509,316.97
SNX 8/23/2021 0:00 $46,398.33 $23,152,767.37
SNX 8/30/2021 0:00 $14,486.14 $7,228,584.39
SNX 9/6/2021 0:00 $21,106.74 $10,532,262.82
SNX 9/13/2021 0:00 $36,116.15 $18,021,959.45
SNX 9/20/2021 0:00 $11,945.82 $5,960,964.57
SNX 9/27/2021 0:00 $16,343.18 $8,155,249.28
SNX 10/4/2021 0:00 $10,895.69 $5,436,949.98
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