# Proposal to extend LM rewards in MKR/BNT Pool

**URL:** <https://gov.bancor.network/t/proposal-to-extend-lm-rewards-in-mkr-bnt-pool/2430>\
**Category:** Deprecated Proposals (NOT SUBMITTED)\
**Created:** [June 17, 2021, 12:42am UTC](https://gov.bancor.network/t/proposal-to-extend-lm-rewards-in-mkr-bnt-pool/2430 "2021-06-17T00:42:00Z")\
**Posts on this page:** 1\
**Showing post:** 12

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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:** [June 21, 2021, 5:18am UTC](https://gov.bancor.network/t/proposal-to-extend-lm-rewards-in-mkr-bnt-pool/2430/12 "2021-06-21T05:18:51Z")

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Since the week of 5/17 to now (roughly 35 days) this is the amount of fees collected for this pool and others that have had or have an ongoing LM campaign:

| symbol | total\_fees |
| --- | --- |
| REN | $44,138.60 |
| OCEAN | $44,944.94 |
| GRT | $52,754.60 |
| UNI | $55,202.14 |
| BAT | $66,479.79 |
| ROOK | $87,298.11 |
| ALPHA | $117,590.87 |
| WOO | $133,954.12 |
| AAVE | $142,191.17 |
| SNX | $148,400.33 |
| MKR | $156,616.77 |
| YFI | $160,653.50 |
| wNXM | $199,299.34 |
| ENJ | $341,082.63 |
| MATIC | $887,341.10 |

The weekly fees for this token has been on the declined since 5/17:

 ![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/2X/3/335ff0f6345ff7324c88d91f47741ba26be54577.png)

which amounts to the following volume:

 ![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/2X/9/914086e987f0c6e42e85749a82b39645094cc4fe.png)

I don’t think we need to vote on this proposal yet and we can punt this vote to next week since there is still 12 days left. I wonder if we might see an increase in volume should the following proposal pass:

> [@Proposal: Lower MKR-BNT Fees to 0.1%](https://gov.bancor.network/t/proposal-lower-mkr-bnt-fees-to-0-1/2438):
>
> This proposal is expected to appear on Snapshot for voting on 2021-06-21T12:00:00Z (UTC) Coming from this thread. Making the fees competitive is a good idea as we are essentially pricing our selves out at the moment. We are not the pool with the highest liquidity and hence don’t have much market power. [image] The above doesn’t count Uniswap V3 which has 15M in liquidity on the MKR-ETH pair: Compare to us at ~23M: [image] The fees for these pools are set between .16%-.3% at the…

This should also give @mbr time to pull any data from his end.

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_[View the full topic](https://gov.bancor.network/t/proposal-to-extend-lm-rewards-in-mkr-bnt-pool/2430)._