Proposal for whitelist / 1M coinvestment / LM rewards for Alpha

In favor. I think the ALPHA team and community would be a great project to partner with for Bancor. It’s right in the sweet spot market cap wise and liquidity wise as well, not too small, not too large.

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You have my support! Any chance to leverage this with Alpha community so they can list BNT pools on their platform??

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This is certainly something we can attempt to pursue

After the hack, Alpha has quick response and this project being more powerful every day.

Strongly in favor of offering $ALPHA tokenholders with a single sided IL free alternative for capital deployment.

In addition, this LM program will not cannibalize the native staking program Alpha is launching soon. In fact it will result in higher yields across the board as $ALPHA is distributed over a wider range of interest-bearing applications.

Support this.

Lots of potential with leverage farming. May even have a good use case for vBNT down the road.

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Why would we offer LM rewards? The token does less than $100m daily volume and you even state this token currently has no use case. I don’t mind whitelisting it but I don’t think you have shown why LM rewards are necessary for this.

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LM rewards exist to make us competitive from an apy standpoint with sushi LM on alpha as well as ensuring stickiness of liquidity over time.

They are fantastic for onboarding new communities. It’s the cost of exposure.

I rather see us onboard some of the other larger more established DeFi communities (MKR, COMP, CRV, etc…) first before we target some of the smaller fish. I am for whitelisting but not for LM rewards.

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This.

As an ALPHA holder, I obviously would not put my liquidity on Bancor with no LM rewards since Alpha will launch its staking program very soon.
With LM rewards , obviously I expect a bunch of holders, including myself, putting their alpha on Bancor.

I think packing too many things into 1 proposal is off, the votes for these 3 things should be individual. either way i like alpha but i would be interested to know how much of the trading volume for alpha is routed through aggregators since having more liquidity isn’t going to matter if the traffic is being generated by sushi and uni only apes. perhaps @MichalHerzyk could tell us ?

edit : also if alpha is going to have a staking program i’d oppose the coinvestment if their apys are too high since we’d be loosing out to inflation.

Well, I packed 3 things into one proposal because this whole process will take like 10d if they were separate.

It’s a package deal… All or nothing. I’ve outlined the reasons I believe each of these three components is necessary.

@mbr can you confirm that the quorum percentage for this proposal is 40% given that it includes whitelisting as part of the vote? It would be silly for our quorum requirements to be bypassed by bundling whitelisting with other items.

Nice attempt at a ruse. Next time split the proposals. Some may support ALPHA but not LM, therefore I will vote against.

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I’m not in support of this. ALPHA doesn’t have the trade volume to bring in any appreciable fees to make up for IL insurance and LM rewards emissions. I’m voting against this. There are other projects like MKR that should have enough trading volume to deserve rewards. This seems to be like another way to pump a coin with little use case. As a BNT holder this offers me nothing but further dilution of my BNT tokens. No thanks.

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For anyone that’s opposing this proposal, please look at Reminder: Quorum Requirements. Given that this proposal is also bundling whitelisting, then minimum quorum requirements should be 40%.

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i’m a simple man, i see a cryptomessiah proposal i vote against :triumph:
try splitting it up into individual proposals next time bruddah

Just the fact that they got hacked is gonna be a pass (no).

Why would i try that? This worked beautifully.

That’s a somewhat myopic view, given that almost every defi protocol has been hacked/exploited at some point, including Bancor