Voting Week Of June 28, 2021
This week we saw the addition of ranked voting as such some votes have hierarchical choices like L2 preference.
| Temp Check: Which L2 or side chain should Bancor prioritize after V3 is release? | 1.Arbitrum > 2.Polygon(Matic) > 3.Optimism > 4.xDAI - Arbitrum was put above polygon because there are certain security concerns with Matic that Arbitrum does a better job at tackling. Arbitrum is also just in general more in the tech forefront. Note : This vote is just to check community sentiment, it does not mean we will see bancor launching right away on these networks. |
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| Raise ETH Co-Invest to 50M | FOR - This was proposed by a team member and it should help not only greatly increase the depth of our ETH Pool (Which has been basically full for a real long time) but dilute and better distribute BNT Rewards, since people entering the pool will distribute the LM Rewards. |
| Migrate AXS Co-Investment | FOR - AXS Co-Investment being moved from the old token pool to the new one. This vote is logistics as this has been previously approved by the DAO. |
| Increase Co-Invest on ROOK by 600K | FOR - ROOK Pool has been filled for a long while now, makes sense to want to open more space. ROOK itself has also proven to be a great ally to bancor, bringing us gas-less limit orders and hopefully more in the future. |
| Extend LM on MKR | AGAINST - MKR Pool has been lackluster at garnering fees even after the recent tweak to its fee %. I cannot with good consience vote on this, compared to other pools that have and haven’t gotten renewed MKR sits near the bottom of the not renewed ones. |
| Experiment to assess effect of 0.1% swap fee on USDT | FOR - This is a temporary change in swap fee to see the effect of changing the fee and if it would make us more competitive/present in aggregator trades since it would lower slippage, which a lot of stable traders have set very low. |
| Whitelist RUNE (ERC-20) - 600K Co-Invest | FOR - Nothing to prevent a whitelist, Co-Investment is consistent with Liquidity to Volume thought process and RUNE has great ratios which should earn us a good amount of fees. Also worth noting the Thorchain community is akin to that of the LINK Marines so we will probably see this get picked up in socials. Also there is a clear interest for RUNE in the ETH Chain rather than natively on Thorchain as shown by the depths of the uni/sushiswap pools. |
| Whitelist NEXO - 250K Co-Invest | FOR - Nothing to prevent a whitelist, Co-Investment is consistent with Liquidity to Volume thought process and NEXO has great ratios which should earn us a good amount of fees. NEXO is a top CeFi Player and the top when it comes to lending, perhaps this could lead to a BNT Collateral listing. |
| Whitelist ANKR - 100K Co-Invest | FOR - Nothing to prevent a whitelist, Co-Investment is consistent with Liquidity to Volume thought process and ANKR has great ratios which should earn us a good amount of fees. ANKR Also does not have any other staking opportunities. |
| Whitelist PERP - Default Co-Invest | FOR - Nothing to prevent a whitelist, has great ratios on liquidity:volume but would like to see the pool whitelisted first which is why I kept the Co-Investment to Default. |
| Whitelist UNN - Default Co-Invest | FOR !!! - UNN Is bringing some really insane integrations into Bancor. Among them UNN Will be collaborating to create insured single sided positions, hedges, and SHORTS !. Nothing preventing this from a whitelisting and the teams are in active contact with each other. |