Rules for extension of LM rewards + LINK, WBTC, ETH, Ocean, renBTC extension

OLD GOV (LEGACY)
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Be reminded that the LM scheme is more like a bonus yield. The long-term plan is for the trade revenue to take over. The new LM plan with the OCEAN community will capture this goal in an explicit way.

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I fully agree with martinwj. The Ocean community is eager to add more Ocean in the pool, but it’s not possible for quite some time now as it’s full. Maybe it’s an idea to open the pool for more Ocean holders to join and first see how that goes, before removing them from LM rewards. Their community is pretty big and growing

1 Like
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1 Like
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Thanks for the efforts put into the proposal. I just want to draw the attention of the community members opposing the renewal of medium/low cap pools even the ones yet to end and not listed here, to a number of few points to consider:

1- The medium/low cap pools have two sides in which one of them is always BNT and the non-renewal would affect BNT holders too.
2- The protocol v2 is somehow new and lots of new stakers made the investment while focusing initially on the highest reward and it being renewed for number of times before ending.
3- Bancor team and community need to maintain a broader view of the overall protocol economic health that would only come from considering different angles of all investors and backers of the protocol. Part of this is the high fees of staking and unstaking, the non-existence yet of a stake transfer at least to the BNT side of pools to other pools (if it will be considered), some stakers adding multiple stakes that will even be more expensive to unstake then restake.
4- This way of thinking might end up with a handful of pools only volume focused

Those were my two cents and wish all community or most of it at least agrees to the best.

Thanks.

26

Additional points here:
5- Some might not have completed full protection. Hence might feel somehow tricked. Of course they should understand that the renewals were not guaranteed.
6- They would lose their 2x LM rewards by all means if it happens they reached it. whether losing the rewards itself when it ends or they have to restake some other pool to restart.

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im not sure if ur reffering to renBTC. if so shadow token pools are coming soon which should serve to give a proactive option to renBTC LPs. if we’re refferring to ocean the reason rewards ended was because of the contingency built into the rewards, which was put forth by the Ocean community.