# Proposal: Extend LM Rewards on wNXM Pool **URL:** \ **Category:** DAO Archive (SUBMITTED)\ **Created:** [July 24, 2021, 10:01am UTC](https://gov.bancor.network/t/proposal-extend-lm-rewards-on-wnxm-pool/2649 "2021-07-24T10:01:07Z")\ **Posts on this page:** 4\ **Page:** 1
**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:** [July 24, 2021, 10:01am UTC](https://gov.bancor.network/t/proposal-extend-lm-rewards-on-wnxm-pool/2649/1 "2021-07-24T10:01:07Z")
### This proposal is expected to appear on Snapshot for voting on 2021-07-26T12:00:00Z. 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 wNXM Pool. 2. The current reward rates for the pool will be unaffected. 3. The LM rewards duration on the wNXM 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 wNXM 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 wNXM Pool **Vote Against** : Do not Extend LM Rewards on wNXM Pool ## Discussion Current pool depth is roughly $20M: ![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/2X/7/71f9fa372acc3f261ab460f5c255229cadf67cd3.png) We are the deepest source of liquidity for this token and the Uniswap V2, Sushiswap, and Balancer wNXM-ETH pools have roughly 900K in liquidity combined: ![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/2X/3/37b86dea1904bcaa985fc9fa11fed02f844f2414.png) There is also a Uniswap V3 pool with roughly ~$3.69M in liquidity. ![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/2X/b/b7c3b5c0b24cd08339f453f1264a09997f79c289.png) Weekly Fees and Volume for this token since the week of 4/26: ![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/2X/8/866ad648239759994c18ff6ac2b97203033b29c7.png) ![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/2X/3/3befba22e3f4c8d9f1fbace7e722cb12554220d1.png) 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 4/26): | symbol | total\_fees | | --- | --- | | MPH | $26,943.27 | | REN | $92,157.28 | | OCEAN | $101,352.36 | | GRT | $108,759.53 | | BAT | $132,690.61 | | UNI | $139,805.53 | | ROOK | $217,958.73 | | WOO | $231,877.29 | | AAVE | $309,068.49 | | MKR | $313,640.23 | | YFI | $317,389.89 | | ALPHA | $335,261.87 | | SNX | $341,728.71 | | wNXM | $531,521.37 | | ENJ | $758,443.64 | | MATIC | $1,640,511.50 | ### ~60 Days ago (since the week of 5/24): | symbol | total\_fees | | --- | --- | | MPH | $13,455.45 | | UNI | $45,033.66 | | REN | $48,404.89 | | GRT | $55,589.44 | | OCEAN | $57,903.05 | | YFI | $97,999.58 | | BAT | $101,364.55 | | MKR | $103,520.23 | | ROOK | $121,780.44 | | AAVE | $124,770.03 | | ALPHA | $143,943.83 | | wNXM | $152,401.42 | | SNX | $173,331.37 | | WOO | $218,857.64 | | ENJ | $511,617.30 | | MATIC | $577,206.43 | ### ~30 Days ago (since the week of 6/21): | symbol | total\_fees | | --- | --- | | MPH | $4,463.80 | | UNI | $11,887.44 | | REN | $12,452.39 | | YFI | $20,145.07 | | GRT | $20,398.20 | | OCEAN | $21,235.23 | | MKR | $26,976.90 | | wNXM | $44,741.15 | | BAT | $46,541.55 | | AAVE | $56,926.81 | | ROOK | $61,027.68 | | ALPHA | $75,989.89 | | SNX | $94,160.76 | | WOO | $96,907.43 | | MATIC | $125,627.42 | | ENJ | $225,710.07 | Volume and Fee data since the week of 4/26/21: | symbol | time | Conversion Fees in USD | Volume in USD | | --- | --- | --- | --- | | wNXM | 4/26/2021 0:00 | $76,974.65 | $7,620,490.23 | | wNXM | 5/3/2021 0:00 | $94,366.78 | $9,342,310.93 | | wNXM | 5/10/2021 0:00 | $116,139.45 | $11,497,805.60 | | wNXM | 5/17/2021 0:00 | $91,639.08 | $9,072,268.71 | | wNXM | 5/24/2021 0:00 | $38,528.73 | $3,814,344.73 | | wNXM | 5/31/2021 0:00 | $34,604.72 | $3,425,866.94 | | wNXM | 6/7/2021 0:00 | $29,919.78 | $2,962,058.66 | | wNXM | 6/14/2021 0:00 | $4,607.03 | $456,095.95 | | wNXM | 6/21/2021 0:00 | $19,410.22 | $1,921,611.47 | | wNXM | 6/28/2021 0:00 | $6,696.89 | $662,992.18 | | wNXM | 7/5/2021 0:00 | $7,683.43 | $760,659.65 | | wNXM | 7/12/2021 0:00 | $5,780.74 | $572,292.80 | | wNXM | 7/19/2021 0:00 | $5,169.88 | $511,817.88 | ---
**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:** [July 24, 2021, 11:18pm UTC](https://gov.bancor.network/t/proposal-extend-lm-rewards-on-wnxm-pool/2649/2 "2021-07-24T23:18:58Z")
FYI, we should probably drop the fees to .9% on this pool to capture trades in the ETH\<-\>BNT\<-\>WNXM trading path. Most of these go via Uniswap V3 which is at 1% for their fees at the moment while we are at 1.1% on our side. ---
**Author:** ![eldude](https://avatars.discourse-cdn.com/v4/letter/e/c6cbf5/32.png) [@eldude](https://gov.bancor.network/u/eldude)\ **Post date:** [July 25, 2021, 7:28am UTC](https://gov.bancor.network/t/proposal-extend-lm-rewards-on-wnxm-pool/2649/3 "2021-07-25T07:28:35Z")
Doesn’t seem worth $70K per week to keep LM going here. ---
**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:** [July 26, 2021, 12:28pm UTC](https://gov.bancor.network/t/proposal-extend-lm-rewards-on-wnxm-pool/2649/4 "2021-07-26T12:28:25Z")