Proposal to increase the trading liquidity limit in the ENS/BNT pool to 200k BNT
For this proposal to pass, it requires a 35% quorum and 66.7% supermajority.
This proposal is expected to appear on Snapshot for voting on 2022-01-16T00:00:00Z. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.
TL;DR
The ENS-BNT pool was recently whitelisted and is currently at $294,852 liquidity.
This proposal aims to increase the trading liquidity from 50k BNT to 200k BNT to open up space for new liquidity to come in and help reduce price impact on swaps and thus increase pool volume.
Rationale
Liquidity on other DEXes on Ethereum is:
$4.41M on Loopring ENS/ETH pool.
$3,975,504.62 on Sushiswap ENS/WETH pool.
$18.61m on Uniswap v3 0.3% ENS/ETH pool.
Given how deep the ENS liquidity is now, this proposal seeks to increase the trading liquidity limit from 50k BNT to 200k BNT. If the pool fills up with the new trading limit, it would have a liquidity of at least $1.3m. Further trading liquidity limit increases can then be proposed to the DAO.
FOR
Increase trading liquidity in the ENS-BNT pool from 50k BNT to 200k BNT.
AGAINST
Keep the trading liquidity in the ENS-BNT pool at 50k BNT.