Proposal: Increase the trading liquidity limit in the SATA pool from 50k BNT to 100k BNT

DAO Archive (SUBMITTED)
1

Increase the trading liquidity limit in the SATA pool from 50k BNT to 100k 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 2022-04-23T23:00:00Z. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.

TL;DR

  • The SATA pool has recently been whitelisted.
  • The SATA liquidity balance is currently full.
  • The SATA liquidity on other decentralised 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 50k BNT to 100k BNT.

Rationale

The Deepest SATA pools are:

The SATA/ETH 0.3% Uniswap v2 pool with $447,568 liquidity, $5,737 daily volume [1].
The SATA/WETH 0.3% Sushiswap pool with $162,494.27 liquidity, $1,157.16 daily volume [2].
The SATA/ETH 1% Uniswap v3 pool with $20.72k liquidity, $0 daily volume [3].
The SATA 0.3% Bancor v2.1 pool with $212,273 liquidity, $1,269 daily volume [4].

The extra liquidity would bring the total pool liquidity to at least ~$322,273, if the space in the pool is filled. If this happens, a proposal to increase the trading liquidity limit again should be considered.

FOR

Increase trading liquidity in the SATA pool from 50k BNT to 100k BNT.

AGAINST

Keep the trading liquidity in the SATA pool at 50k BNT.

[1] Uniswap Info
[2] SATA-WETH | SushiSwap Analytics
[3] Uniswap Info
[4] Bancor: Converter 729 | Address 0xa113Ea60dff4D3Ca7428CBD21e548a5494FeAAa7 | Etherscan

1 Like
2

Hey, interesting - is there someone from the SATA team that can confirm they are interested in this?

3

Hi! Thanks for the question. I am the Marketing Manager for Signata $SATA and I can confirm that the team including the Co-Founders (fully doxxed) are indeed interested in this proposal. I am available if you or anyone else has any other questions. Thanks

2 Likes
4

Thanks Greg - I appreciate that and will support this proposal.

1 Like