This proposal is expected to appear on Snapshot for voting on 2021-12-26T17:00:00Z. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.
TLDR
This proposal seeks to decrease the pool fees from 1% to .2% to be at the same level as the Uniswap (V2 & V3) pools which have equal or greater liquidity and therefore make us more competitive.
For
A lower conversion fee will put this pool at the same levels as the Uniswap (V2 & V3) pools and bring more volume to our DEX
Against
We should not lower the pool fees
Abstract
There are currently ~294K $BNT and ~254K $CEL tokens in the BNT-CEL pool. This has resulted in a pool that has roughly ~2M in liquidity. This proposal seeks to decrease the pool fees from 1% to .2% to be at the same level as the Uniswap (V2 & V3) pools which have equal or greater liquidity and therefore make us more competitive.
Note that both of these pools have a fee of .3% and I am requesting that the fee be set to .2% for this specific reason (a double hop swap from ETH-BNT and BNT-CEL has a cost of .3%).
I am a CEL LP and I support this proposal. I think we will see a lot more volume from aggregators with a competitive fee. Thank you for putting it together glenn.
Interesting , seems like the ~$120M was the total from the Badger exploit. The wallet that was identified as belonging to celsius lost ~900 BTC or $50M
They have also recently raised ~750m dollars from a series B round:
They also claim over 22B in TVL in their platform:
I’m not saying they are going to zero. I’m just saying that the hack, the arrest, and being sued by 3 states, might make sense for us to wait a couple months.
I would give both options to voters in the snapshot (maybe two different proposals), thus the people who don’t pay attention to the forums also can have input.
, seems like the ~$120M was the total from the Badger exploit. The wallet that was identified as belonging to celsius lost ~900 BTC or $50M