# Proposal to extend LM on AAVE for an additional 12 weeks

**URL:** <https://gov.bancor.network/t/proposal-to-extend-lm-on-aave-for-an-additional-12-weeks/1805>\
**Category:** DAO Archive (SUBMITTED)\
**Created:** [April 16, 2021, 1:03pm UTC](https://gov.bancor.network/t/proposal-to-extend-lm-on-aave-for-an-additional-12-weeks/1805 "2021-04-16T13:03:57Z")\
**Posts on this page:** 1\
**Showing post:** 10

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**Author:** ![glenn](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/glenn/32/1720_2.png) [@glenn](https://gov.bancor.network/u/glenn)\
**Post date:** [April 18, 2021, 9:25pm UTC](https://gov.bancor.network/t/proposal-to-extend-lm-on-aave-for-an-additional-12-weeks/1805/10 "2021-04-18T21:25:20Z")

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I am not necessarily opposed to extending LM rewards for Aave but I don’t think the argument made here (matic rewards for Aave depositors in polygon would syphon liquidity from us) is a good one. Even with the current LM rewards ongoing on our end, the token amount in the Bancor pool peaked on the week of 3/22 with ~54799.91 Aave tokens:

 ![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/1X/d72fe4e8ef2a983424cab5e6639ee59fb9bb3e66.png)

and right now there are ~48461 Aave tokens on the [contract](https://etherscan.io/address/0x5bA42FaCDBc4aEAe6bEFcc567fd62e9242Fc69Ad). In dollar amounts, that’s roughly a peak value of ~24.7M on 3/22 to ~18.5M at the moment or roughly a ~6M drop in liquidity:

 ![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/1X/83c84b88eb84340429ac5e206bc840b27ac7d036.png)

With that said, I looked at the current rewards offered to Aave depositors on 0xPolygon and it is currently at ~15.99% (has dropped from 22%) and as mentioned by others here, will continue to decrease as people move liquidity there. Our current LM rewards on the Aave side is ~13.61% (I think it has hovered around this range for a while) and that’s not counting the pool APR from fees which is also good:

 ![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/1X/b594a32096e94b55808cbcb2653e66d91481b3e4.png)

What I would like to see this frame as is a way for the Bancor community to build synergies with Aave holders with the end goal to potentially have BNT onboarded on Aave (@mbr are we working on this?). Obviously, having the support of Aave community and their holders would be crucial in this endeavor.

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_[View the full topic](https://gov.bancor.network/t/proposal-to-extend-lm-on-aave-for-an-additional-12-weeks/1805)._