The NOIA whitelisting proposal is held to the same standards as the other three (CHZ, HOT, RNB). The tweet from the NOIA team has been confirmed. The Voting Automaton will vote FOR the NOIA whitelisting status.
Additional community engagement for NOIA whitelisting proposal are here, here, here, here, here. This list may not be comprehensive.
The Voting Automaton will vote FOR whitelisting status of FARM. The main Harvest.finance Twitter account has publically acknowledged the proposal. Additional twitter activity can be found here, and here.
The Voting Automaton will vote FOR reducing the LM rate on stablecoins. This has been a longstanding issue for Bancor. The community has voted in favor of reducing stablecoin LM emissions previously, and together with the positive reception of the proposal during the last community call, the Voting Automaton will assume sufficient community sentiment, and precedent, for supporting the reduction.
The Voting Automaton will vote FOR whitelisting status of LQTY. The LQTY team has publically acknowledged the whitelisting propsal both on Twitter (here, and here), and on their Weekly Wrap Up blog (#10).
As per the previously stated logic:
The Voting Automaton will vote FOR a reduced swap fee on the MKR pool.
Several Twitter accounts have posted nearly identical material, suggesting that NAOS is ‘backed’ by Bancor. This is perhaps a slight obfuscation of the truth at best; however it suggests their community is excited by something involving Bancor. A collection of these strange tweets are viewable here, here, here, here, here, here, here, here (and others). This was likely spurred on by some marketing materials that incorrectly identify Bancor as a strategic investor, both on Twitter, and on their blog. It is possible that one or more of the founding members supports NAOS, but founders != Bancor. Importantly, it seems that the whitelisting proposal has not yet been acknowledged publically.
The Voting Automaton will vote AGAINST whitelisting NAOS until this criterion is met.
The Voting Automaton will vote FOR increasing the WOO co-investment limit.
The ORBS whitelisting proposal has not been acknowledged by its team, its community, or by anyone, on any social media channels. The Voting Automaton will vote AGAINST whitelisting ORBS until this criterion is met.
The Voting Automaton will vote FOR the proposed decrease in swap fees on USDT.
The Union Protocol team have Tweeted about their proposal. It is noteworthy that the project team is purchasing a substantial amount of BNT to bootstrap the pool following its whitelisting. The Voting Automaton will vote FOR the whitelisting status of UNN, provided the co-investment remains at or below the default co-investment (20k BNT).
The Voting Automaton will vote FOR the ANKR whitelisting proposal, if and only if the project team, or its community, acknowledges the proposal via Twitter. The Ankr Twitter account regularly mentions staking for the tokens they support; it stands to reason that they could endorse staking on Bancor.
The Voting Automaton will vote FOR the NEXO whitelisting proposal, if and only if the project team, or its community, acknowledges the proposal via Twitter. The Nexo Finance Twitter account has promoted native staking utility; it is uncertain if they will openly support staking on Bancor. It is noteworthy that the NEXO token earns 12% APY natively, and while staking APY on Bancor could potentially outpace this, the day-to-day APY volatility could present a challenge to drawing in NEXO liquidity providers.
The Voting Automaton will vote FOR an increase in single-sided staking capacity on the ROOK pool. @tenzent has astutely pointed out that the lack of space is not necessarily attributable to a lack of BNT ownership, but the shifting incentives to stake BNT caused by the current LM program.
The Voting Automaton will vote FOR the PERP whitelisting proposal, if and only if the project team, or its community, acknowledges the proposal via Twitter. The Perpetual Protocol Finance Twitter account has promoted similar collaborations, such as with C.R.E.A.M. Finance, and O3Swap.
The Voting Automaton will vote FOR the inheritance of the previous co-investment limit on the AXS legacy pool, by the new one.
As it stands, the Voting Automaton will vote AGAINST re-activation of liquidity mining rewards on the MKR pool. However, if the recently passed change in the pool fee has a dramatic impact on trading volumes, this could change.
The Voting Automaton will vote FOR whitelist status of DAPP, and the proposed external IL compensation plan.
The Voting Automaton will vote FOR whitelist status of BBS, and the proposed external IL compensation plan.
The Voting Automaton will vote FOR whitelisting status of RUNE. The customary tweet has been sourced.
The Voting Automaton will vote FOR additional co-investment in the ETH pool.
Could the Automaton please elaborate on why it ranked Polygon first in the Temp Check? I’m curious to understand it’s decision-making process on that one.
It was the crowd favorite at the time it voted.
Gracias señor! I think it is still the crowd favorite depending on the crowd
At the time of this post, there has been little or no Twitter activity from the NEXO team and/or community surrounding the whitelist proposal. A BancorDAO member tagged the Nexo_CE account, with no response. The Voting Automaton is voting AGAINST the Nexo whitelist status as a result.
PERP Tweet confirmed.. The Voting Automaton is voting FOR the PERP whitelist status.
ANKR Tweet conformed. The Voting Automaton is voting FOR the ANKR whitelist status.
The Voting Automaton votes conservatively for liquidity mining proposals. In general, there should be a strong reasoning, strategic advantage, and/or competitive motivation for using Bancor’s LM program before the Voting Automaton will support it. In this case, the value of activating liquidity mining is obscure; this view is shared by other DAO members who have voiced their opinions in the comments section of this proposal. Barnbridge is undoubtedly an AAA+ project and community, but its pool on Bancor may not be the best use of the liquidity mining at this specific point in time. The Voting Automaton will vote AGAINST this liquidity mining proposal this time around, but welcomes future LM proposals for the $BOND token (perhaps after staking incentives have diminished elsewhere in the ecosystem).
The Voting Automaton will vote FOR the decreased pool fee on ETH.
Pending an acknowledgment from the IDLE team and/or community that the Bancor whitelist proposal is being voted on, the Voting Automaton will vote FOR the whitelist status of this pool.
Pending an acknowledgment from the TRU team and/or community that the Bancor whitelist proposal is being voted on, the Voting Automaton will vote FOR the whitelist status of this pool.
Pending an acknowledgment from Lido’s team and/or community that the Bancor whitelist proposal is being voted on, the Voting Automaton will vote FOR the whitelist status of this pool.
The obligatory tweet from the Arcona AR Metaverse Twitter account satisfies the main criteria of the Voting Automaton. Due diligence also returns nothing of concern. ARCONA is a microcap project, and the tiny proposed co-investment (5K) is reasonable. Arcona integrated the first version of Bancor, 7 months before the launch of Uniswap. The ARCONA community rallied together to create the existing pool, and which was applauded by the team. On the business side, the token enters routine periods of hot speculation, and should drive user traffic towards Bancor. The Voting Automaton will vote FOR the whitelist status of the Arcona token.
The Voting Automaton should be predictable. In general, it is conservative with liquidity mining, requiring a sound argument for why the program should be extended. At the moment the logic is looking like this:
if PriorLM == False and StrategicPool == True:
Elif PriorLM == True and TKN == 'LINK', 'WBTC', 'ETH', 'USDC', 'DAI', 'USDT':
This is obviously imperfect, but the goal is predictability. Delegators should be able to anticipate the actions of the Voting Automaton and vote manually if they disagree with it. It is noteworthy that voting manually does not require the delegation to be rescinded; you can simply vote and it will override the choice made by the Automaton.
In this case, @glenn has provided supporting arguments, citing similar staking APR natively and a persistent need to grow the pool compared to competing DEXes. Owing to the importance of AAVE in the Defi ecosystem, these considerations carry slightly more weight than they might in another context. However, to maintain consistency and predictability, the Voting Automaton will vote AGAINST extending the liquidity mining program on AAVE, SNX and BAT.
Following the bootstrapping of the COMP pool to activate its long-standing whitelist status, there has been some attention garnered from Twitter (here and here). There is some evidence that there may be some cultural overlap between LINK, BNT and COMP; see Tweest from @Chainlinkcrypto (e.g. here, here, and here). COMP is a Defi veteran, and is certainly a worthy candidate for liquidity incentives. The Voting Automaton will vote FOR liquidity mining incentives on the COMP pool, and its co-investment increase.
Pillar integrated with Bancor in March of 2020 as part of their product roadmap. See examples of the Twitter announcements from that era here, here, here, here, and here (among others). Our own @nhindman was recently on a podcast with the PLR community. At present, it doesn’t seem as though the Pillar Twitter account has acknowledged the whitelisting proposal yet; however, @Amberr from the Pilar team has stated that the project will make an announcement and promote the pool if the vote is successful, which is good enough. The Voting Automaton will vote FOR the whitelist status of PLR.
No noise as of yet from the Wirex team or community, although it appears that they have prepared the proposal themselves. A voter incentive was also mentioned, although the details are unclear at present. After the social media awareness requirements have been met, the Voting Automaton will vote FOR the whitelisting status of WXT.
While not explicitly stated in the title, this proposal is similar to the COMP LM proposal in that it is simultaneously asking for a co-investment increase (to 350k). Community sentiment for QNT on Bancor has been notable; see relevent Twitter activity here, here, here, here, here, here, here, here, here, here, here, here, among many others. This is something of a statistical outlier. There is a demonstrable demand from QNT holders to stake their tokens, and communicated with clarity via their Twitter accounts. The Voting Automaton will vote FOR the increased single-sided staking capacity, and liquidity mining incentives on QNT.
The Alchemix community and team have shown strong support for the whitelisting proposal. The obligatory team tweets have been confirmed. Community engagement has been good, with higher than usual Twitter attention (e.g. here, here, here, here, here, here). Sentiment is highly positive, with $ALCX holders announcing their intentions to stake on Bancor leading up to the commencement of the voting period. The Voting Automaton will vote FOR whitelisting status of ALCX.
The Voting Automaton logic for liquidity mining proposals is admittedly rather crude, but is designed to give delegators the means to anticipate the behavior of the Automaton, without constantly referring to this page. At present, the logic is:
if PriorLM == False and StrategicPool == True:
Elif PriorLM == True and TKN == 'LINK', 'WBTC', 'ETH', 'USDC', 'DAI', 'USDT':
In this case, there is a clear strategic value to activating liquidity mining incentives on the FARM pool. A representative of the FARM community was a guest on this week’s Bancor community call, and spoke of cooperation and community building above almost anything else. The team has said that they will help to promote the pool and communicate the benefits of staking on Bancor within their sphere of influence. The Harvest Finance Twitter account has actively discussed liquidity provision on Bancor, and there is every reason to assume they will continue to support awareness after the LM schedule is approved. The advantages from a community-building perspective are clear.
Apart from being well-aligned with Bancor’s philosophy of community-owned liquidity, the objective of this LM campaign is stated with clarity by @tenzent:
Importantly, this proposal offers a unique, short-term and low-emission strategy, that also serves to make possible future extensions easier for the BNT community to wear. This is an important point, as the Voting Automaton should preserve a conservative outlook when choosing which pools should be incentivized. In sum, there is little argument to be brought against the proposal, and it is structured in a way that allows the Voting Automaton to vote FOR the incentives program while maintaining its predictable voting behavior.
The obligatory tweets from the Digital Reserve Finance Twitter account have been confirmed (here, here, here, here, here, and here). The proposed co-investment is smaller than usual, representing minimal risk exposure for the protocol and BNT holders. The team have also offered a rare NFT, which will be awarded randomly to any voter in this proposal:
The Voting Automaton will vote FOR whitelisting status of DRC.
The xSUSHI token has been a polarizing influence for whitelisting discussions since the inception of the DAO last October. The Voting Automaton is unemotional, and will apply the same logic as it has in previous rounds. For whitelisting proposals, this is predominantly determined by community engagement as judged by Twitter traffic. At the very least, there should be some recognition that the vote is occurring by either the SUSHI main Twitter account, or in lieu of that, at least some prominent SUSHI community members. At the time of writing, no such activity has been noted. However, the Voting Automaton will wait for later in the voting period to give xSUSHI holders some time to react.
The Hybrix Twitter account has acknowleged the proposal, and offered a voting incentive:
The proposed co-investment is high, but not unreasonable. The proposer, @Agent725, has stated explicitly that the co-investment limit was chosen so as to make Bancor the deepest source of HY liquidity in the ecosystem. The Hybrix product is very interesting, and it is clear that the project is sincere in its commitment to furthering the development of Defi. The Voting Automaton will vote FOR the whitelisting status of the HY token.
The Voting Automaton is liberal-leaning for co-investment increases, especially on capstone pools such as ETH, LINK and wBTC. The Voting Automaton will vote FOR an increase in single-sided staking space for wBTC.
The TRIBE community has acknowledged the whitelisting proposal on their own Discourse page. TRIBE community members are actively seeking to support the pool with funds from their own treasury (as is becoming something of a trend). This satisfies the Automaton’s engagement requirement; however, it is still preferable to see the Fei Labs Twitter account acknowledge the proposal. The high-co-investment is justified by the community ambition to establish liquidity for their token with treasury funds. The project is very high-quality; it is noteworthy that while the project as a whole is predominantly focused on establishing a scalable stablecoin, FEI, the TRIBE token is a regular governance token and can be expected to experience regular volatility with the rest of the cryptocurrency markets. The Voting Automaton will vote FOR whitelist status of the TRIBE token.
TRIBE team Twitter account acknowledgement confirmed.
xSUSHI Twitter activity relating specifically to the proposal has been quiet, relatively to the scale of the token. Some xSUSHI holders have voiced their support after the proposal went live (here, here), and the subject of xSUSHI whitelisting has also been discussed positively prior to the proposal (here, here). The main SUSHI Twitter account has not yet posted anything; however the timing is also awkward. The ETHC Conference is on now, and SUSHI has been busy publicizing their new Trident product. Even so, this account retweeted other SUSHI-related governance matters from other projects, so the lack of attention is still conspicuous. In sum, the Voting Automaton will vote AGAINST xSUSHI whitelist status, for failure to meet the engagement requirement. This will not impact the outcome of the vote - quorum is already at 47%, and 90.22% in favor.