Proposal to increase the trading liquidity limit in the PSP-BNT pool to 300K BNT

Proposal to increase the trading liquidity limit in the PSP-BNT pool to 300K BNT

For this proposal to pass, it requires a 35% quorum and 66.7% supermajority.

This proposal is expected to appear on Snapshot for voting on 2022-01-02T00:00:00Z. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.


  • The PSP-BNT pool was recently whitelisted and is currently at $1,271,300 liquidity. The Paraswap DAO agreed to allocate 1.5m PSP to provide liquidity on the PSP-BNT pool.
  • The pool currently has space for 120,508 PSP.
  • This proposal aims to increase the trading liquidity from 200k BNT to 300k BNT to open up space to increase liquidity in the pool.


@tenzent proposed allocating a part of the Paraswap treasury to be deposited on Bancor, citing some of its biggest advantages, namely, single-sided staking and impermanent loss protection.

The proposal passed with 89.29% votes in favor of a 1.5m PSP allocation at the time of writing, and can be found on their snapshot.

The pool is now at $1,271,300 liquidity. The PSP/WETH pool on Sushiswap is the deepest source of liquidity on a DEX, at $2,583,696.64 liquidity [1]. Increase the trading limit in this pool would allow for more PSP to be staked single-sided, reducing price impact and increasing volume from aggregators.

Therefore this proposal seeks to increase the trading liquidity limit in the PSP/BNT pool from 200k BNT to 300k BNT, thus opening space for 826,775 PSP extra, with BNT at $3.24 and PSP at $0.391884. The opened space in the PSP/BNT pool would allow it to have a $1.944m liquidity if the space is filled.


Increase trading liquidity in the PSP-BNT pool for a second time to 300k BNT.


Keep the trading liquidity in the PSP-BNT pool at 200k BNT.

[1] WETH-PSP | SushiSwap Analytics

This proposal is incorrect. The paraswap treasury was definitely able to stake both of their allocations already:

The two TX hashes are here:

With that said, I would support a larger pool regardless in order to be bigger than the current sushiswap pool which is at ~2.4m. I think increasing the trading liquidity to 400K $BNT should get us there.

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Thank you for noting this, I’ve corrected the proposal!

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I kept it at 300k BNT for now, happy to increase in the future if the opened space fills up!


Happy to see this and with the coming of V3 I’m sure we can expect some Dual LM coming from Paraswap.

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