This proposal is expected to appear on Snapshot for voting on 2022-05-01T15:00:00Z. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.
For this proposal to pass, it requires a 35% quorum and 66.7% supermajority.
- The LPL liquidity balance is currently full.
- The LPL liquidity on other decentralized exchanges justifies proposing an increase.
- Increasing the pool’s liquidity will improve price impact and help direct more volume to Bancor.
- This proposal seeks to increase the trading liquidity limit in the pool from 250k BNT to 500k BNT.
There are currently ~361k $BNT and ~174K $LPL tokens in the BNT-LPL pool. This has resulted in a pool that has roughly ~1.5m in liquidity. This proposal seeks to increase the $LPL pool’s single-sided capacity by increasing the trading liquidity limit to 500K $BNT .
The Deepest LPL pools are:
The LPL/ETH 1% Bancor pool with ~$1.5m liquidity
The LPL/ETH 0.3% Uniswap v2 pool with ~$16k liquidity
The LPL/ETH 1% Uniswap v3 pool with ~$26k liquidity
The extra liquidity would bring the total pool liquidity to at least ~$2.5m, if the space in the pool is filled.
Increase trading liquidity in the LPL pool from 250k BNT to 500k BNT.
Keep the trading liquidity in the LPL pool at 250k BNT.