We have roughly 14.8M Ren in the REN/BNT pool which makes us the largest DEX with REN liquidity. Sushiswap and Uniswap account for 10.3M and 3.3M respectively:
that means that we have captured roughly 14.8M/28.4M = 52% of total liquidity. Similar to the Ocean pool, the analysis needs to be done to see whether we are capturing roughly 50% of the DEX trade volume. If that’s not happening and the fees are not covering the LM rewards for this pool, then there is no reason for us to subsidize unprofitable pools.
Also, the value proposition of full IL protection (100% after 100 days) in Bancor as compared to uniswap/sushiswap should still be a differentiator and a good reason for why the REN community should LP in this platform as compared to others.