Proposal: Increase trading liquidity limit in the FODL pool from 100K BNT to 250K BNT

Proposal to increase the trading liquidity limit in the FODL pool from 100k BNT to 250k 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 2022-03-13T00:00:00Z. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.

TL;DR

  • The FODL pool has recently been whitelisted .
  • A suggestion from @glenn to increase the trading liquidity limit from 100k to 250k in the whitelisting thread was made.
  • The FODL liquidity on other decentralised exchanges justifies proposing an increase.
  • Increasing the pool’s liquidity will improve price impact and help direct more volume to Bancor.
  • This proposal seeks to increase the trading liquidity limit in the pool from 100k BNT to 250k BNT.

Rationale

The FODL pools with deepest liquidity in Ethereum DEXes are:

The FODL/USDC 0.3% SushiSwap pool with $7,281,625.00 liquidity, and $205,978.89 daily volume [1].

The FODL/WETH 0.3% SushiSwap pool with $6,230,332.17 liquidity, and $177,020.27 daily volume [2].

The extra liquidity would bring the total pool liquidity to at least ~$1.35m, if the space in the pool is filled. If full, the Bancor FODL pool would only have 18.47% of the liquidity in the FODL/USDC Sushiswap pool. Therefore, if it happens, a proposal to increase the trading liquidity limit again should be considered.

FOR

Increase trading liquidity in the FODL pool from 100k BNT to 250k BNT.

AGAINST

Keep the trading liquidity in the FODL pool at 100k BNT.

[1] FODL-USDC | SushiSwap Analytics

[2] FODL-WETH | SushiSwap Analytics

2 Likes

Will FODL be adding from their treasury @0x_b1

2 Likes

Is the FODL team involved with this proposal?

2 Likes

Yes, FODL team plans to add up to 10M FODL token from the treasury to this liquidity pool, once the allocation is increased

3 Likes

NICE - this prop has my support

2 Likes

This proposal says that FODL/ETH liquidity is only 200,000. It is closer to 6.5m

2 Likes

You’re right, corrected!

2 Likes