This proposal is due to appear on Snapshot on 19th April, 12:00 pm UTC. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.
- Extend LM rewards on the AAVE pool for a further 12 weeks.
- Aave has attracted a liquidity pool of $41m at the time of Writing .
- Vote FOR to extend LM rewards on AAVE for 12 weeks
- Vote AGAINST to let LM rewards on AAVE run out in 7 days (at the time of writing)
- Stake BNT in a protected pool on http://bancor.network
- Stake vBNT in the governance contract on Ethereum
- Use vBNT to vote
Aave Currently has a $41 million Liquidity pool $20.5M of which is Aave tokens according to Dune analytics.
I propose continue the current LM rewards for another 12 weeks to keep liquidity on Bancor and attempt to encourage more deposits.
A risk at the moment is that matic are offering LM rewards on Aave via 0xpolygon currently offering 22% apy. I fear that if liquidity could part bancor for this if we do not renew LM.
For your reference the aave/matic announcement