Proposal: Whitelist Alchemix (ALCX) + 250k Co-Invest
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.
Proposal : Targeted LM Campaign for FARM to capture Buyback Mechanism
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:
LiquidityMiningProposal():
if PriorLM == False and StrategicPool == True:
FOR
Elif PriorLM == True and TKN == 'LINK', 'WBTC', 'ETH', 'USDC', 'DAI', 'USDT':
FOR
Else:
AGAINST
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.
Proposal to Whitelist DRC (Digital Reserve Currency) - 30 000 BNT Co-investment
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.
Proposal: Whitelist xSUSHI with 200k BNT Coinvestment
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.
Proposal: whitelist HY - 100K BNT co-investment - push to snapshot
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.
WBTC co-investment limits increase
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.
Proposal to whitelist TRIBE token with 200k BNT co-investment
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.