I am proposing to increase the coinvestment limit for Rook/Bnt to 1 million bnt.
The initial coinvestment limit was consumed almost instantaneously. Despite a 20k limit, the rook community has added ample liquidity to bring this pool to 1.5m in liquidity, making it a top 20 most liquid pairing on bancor network less than 24h after listing.
As the time of writing, the project has a market cap of ~670m when all coins are considered in circulation.
The team is reputable (same CEO as Ren, which has favorable status on bancor).
The protocol has been audited 3x by the most reputable firms.
KeeperDAO is listed on FTX, partnered with Polychain, Three Arrows Cap, and Alameda.
KeeperDAO has higher 30d revenue generation than platforms like AAVE.
KeeperDAO also has 340M TVL.
The original idea to whitelist rook/bnt was a byproduct of KeeperDAOs lack of an official staking solution for Rook holders (for now). Because of this, there is an extremely high demand for single sided space on the Rook side.
Uniswap has almost 17m usd equivalent in liquidity for Rook.
For bancor to reach an inflection to where it captures a significant portion of on chain Rook volume, raising the coinvestment limit to 1 million bnt is an absolute must!