Votingautomaton.eth

IDLE Tweet Confirmed. A prominent Bancor community member has also expressed their support.

3 Likes

TrueFi.io Tweet confirmed. And a very courteous recognition paid to our own DAO member @glenn for assistance with the proposal.

2 Likes

Lido Tweets confirmed at least three times: here, here, and here.

2 Likes

Proposal to whitelist Arcona XR Metaverse

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.

Proposal: Extend LM Rewards on Aave Pool
Proposal: Extend LM Rewards on SNX Pool
Extend LM on the BAT pool

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:

LiquidityMiningProposal():
if PriorLM == False and StrategicPool == True:
FOR
Elif PriorLM == True and TKN == 'LINK', 'WBTC', 'ETH', 'USDC', 'DAI', 'USDT':
FOR
Else:
AGAINST

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 It is noteworthy that voting manually does not require the delegation to be rescinded; you can simply vote and it will override the choice made by the Automaton.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.

Proposal: Activate LM Rewards for Compound (COMP) with a Six Week Duration + 2M Co-investment Limit

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.

Proposal to Whitelist Token Pillar (PLR) with 50K BNT co-investment

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.

Proposal: whitelist WXT - 200K BNT co-investment - to be pushed to Snapshot on July 12

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.

Proposal to activate Liquidity Mining rewards on Quant Network (QNT)

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.

3 Likes

WXT Tweet Confirmed

2 Likes

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.

3 Likes

TRIBE team Twitter account acknowledgement confirmed.

3 Likes

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.

1 Like

Proposal: Lower BAT-BNT Fees to 0.2%

The Voting Automaton votes for changes in pool fees according to the following logic:

if pool = ETH and 0.05% < proposedFee < 0.15%:
    vote = FOR
elif pool != ETH and 0.1% < proposedFee < 1.0%:
    vote = FOR
else:
    vote = AGAINST

The Voting Automaton will vote FOR the proposed change in the BAT pool fee for this reason; however some additional commentary may be helpful here. At ETHCC, during one of the presentations Bancor was cited as being a must for integrations with trade aggregators, and the BAT pool was specifically highlighted as one of Bancor’s strongest pools (even with a 0.5% fee). As @glenn has pointed out, the drop to 0.2% is likely to be a worthwhile endeavor as any trade route involving ETH will be reduced to 0.3% over two legs. This is a great opportunity to learn about the effects of the swap fee.

Whitelist APY.vision (VISION) Token - 100K Co-Invest

The team has acknowledged the proposal on their main Twitter account. Moreover, the Bancor community has voiced an interest in working with the APY.vision team to create an impermanent loss interface, similar to fees.wtf. Such a tool could be used to further Bancor marketing efforts and drive more LPs to Bancor. Therefore, in addition to the basic requirements of the Automaton, there is also a nice overlap of interests between our projects, and an opportunity to work together on new products. The Voting Automaton will vote FOR the whitelist status of APY.vision.

Proposal: Increase Co-investment Limit to 500K BNT on QNT (Quant) Pool

The Voting Automaton is liberal with co-investment increase proposals. The QNT pool is an excellent candidate, regardless of the Automaton’s preset behavior. Traction on social media for staking QNT has been notable. A survey of occaisonal random tweets shows a general positive reception among the QNT community. More importantly, QNT won an unofficial opinion poll on a community member’s Twitter account for liquidity mining interest. The official Bancor tweet about the pool in March also had a lot of engagement. Further to the proposal author’s point, there is good reason to believe that there is a strong, latent interest in staking on Bancor within the QNT community, and increasing the single-sided staking capacity is a justifiable ambition. Importantly, the QNT token is an unlikely source of unusually high IL - its market movements look about par for crypto in general. The Voting Automaton will vote FOR the increase in QNT capacity.

Proposal: Extend LM Rewards on wNXM Pool

The Voting Automaton is conservative of liquidity mining decisions. It applies the following logic in all cases, to maintain predictable behavior:

LiquidityMiningProposal():
if PriorLM == False and StrategicPool == True:
FOR
Elif PriorLM == True and TKN == 'LINK', 'WBTC', 'ETH', 'USDC', 'DAI', 'USDT':
FOR
Else:
AGAINST

Therefore, the Voting Automaton will vote AGAINST extension to the wNXM liquidity mining program. Users who have delegated to the Automaton, but wish to support the LM extension, are reminded that there is no need to undelegate - simply vote the way you want on whichever proposals you like, and those actions will override that of the delegate.

Proposal: LM extension on Stable pools, (DAI, USDC, USDT)

As per the logic provided above, the Voting Automaton will vote FOR extensions to the stable coin liquidity mining programs. It is noteworthy that the recent reduction in the LM emissions on stable coins makes the decision easier.

Proposal to Whitelist $MONA (DIGITALAX) - 150K BNT Co-Investment

The DIGITALAX team have done extraordinarily well promoting the proposal. The most recent post asks users to get their vBNT staked in preparation for the vote. Prior to that, there were multiple announcements both on Twitter, and their blog. The promotional material surrounding their proposal has been amazing. For example, an infographic was created from a meeting with Bancor’s BD manager, Steven Fox, intended for consumption by the MONA community:

The MONA team are also incentivizing voter participation with an exclusive collectible NFT item:

image

DIGITALAX has also created a range of Bancor apparel, which was also featured on their main Twitter feed.

From the perspective of the Automaton, the engagement levels are astronomical, and the regular criteria are satisfied. As an aside - it is important that tokens proposed for the whitelist serve a clear purpose, and have an identifiable value and community following. The blending of fashion and cryptocurrency, NFTs, and globally decentralized design makes for a very interesting use case. As alluded to on our community call by a representative of the project, the NFT fashion game is much larger than many people expect. Ownable digital skins for in-game usage is the predominant source of revenue for many free-to-play gaming platforms, and is competitive with subscription or paid license business models. On top of that, fashion is about 2% of global GDP, or about 3 trillion dollars. Marrying this into a cryptocurrency project is probably a solid value proposition, and a sustainable one.

The Voting Automaton will vote FOR whitelist status of MONA.

Proposal: Whitelist DAPP Network (DAPP) w/ 500k Co-Investment and External IL Protection

The LiquidApps team and community have been very proactive on the engagement front. The Twitter activity is second-to-none (see here, here, here, here, here, here, here, here, here, here, here, here, here, here, among others). These include in-depth discussions of Bancor, how to stake, how to vote, Bancor’s use of LiquidApps tech for the Polkadot bridge - there is substance to these social media posts that reflect a true appreciation for the Bancor product and its community. This more than satisfies the engagement requirement of the Voting Automaton.

The voter incentives are intriguing. "vBNT holders voting on this proposal will be incentivized with an NFT which may have a future utility that allows it to be staked by DAPP LPs to amplify their mining rewards on Bancor. "

Most importantly, the LiquidApps team has created and open-sourced a method for providing IL protection in their own token. This is a profound change with benefits for both communities. As discussed on the community call, if DAPP appreciates in value significantly, this causes BNT to be drawn into the protocol through economic forces (arbitrage, basically). Under normal circumstances, the BNT IL protection mechanism is used to compensate LPs at withdrawal; however the system that LiquidApps has proposed will intercept the BNT reimbursement, burn it, and provide its LPs with the DAPP token instead. This means that the flood of BNT into the pool becomes a source of economic deflation for our token if DAPP moons. Since the IL is paid in DAPP, not BNT, the inflation pressure is completely removed from the equation, while giving the LPs absolute certainty that their token positions can be withdrawn in 100% DAPP tokens, at any time. There are no trade-offs; this is only positive.

Everything considered, this is an exciting development for Bancor and LiquidApps. Of course, the Voting Automaton will vote FOR the whitelisting status of the DAPP token.

1 Like

Dear Mr Automaton - I would like to suggest a change to your voting patterns.

If a token requests LM - I think you should vote no unless they commit to bringing real value.

For example -

Committing to using Bancor pools for buy-backs (like harvest)

Committing to use Bancor pools for any on-chain swaps - I would like MLN to commit to this before they get hundreds of thousands of dollars of LM.

1 Like

It already does; it doesn’t vote FOR all LM, just LM with a purpose, and votes AGAINST all LM renewals, except for LINK ETH WBTC and stables. The conditional logic is copied below.

Remember the goal is to be predictable - delegators should be confident in their ability to anticipate the automaton voting behavior.

1 Like

Fee Change on FTT (FTX TOKEN) to 1%

The Voting Automaton uses the following logic to vote on proposed changes to fees:

if pool = ETH and 0.05% < proposedFee < 0.15%:
    vote = FOR
elif pool != ETH and 0.1% < proposedFee < 1.0%:
    vote = FOR
else:
    vote = AGAINST

As the proposed fee change is out of range (i.e. is not less than 1.0%), the Voting Automaton will vote AGAINST the fee hike.

Proposal: Whitelist $KTN (Kattana) - 150K BNT Co-Investment

The Kattana Twitter account has not yet acknowledged the whitelisting proposal. There are currently zero tweets featuring $KTN or ‘Kattana’ with ‘Bancor’ or $BNT. If engagement remains low, the Voting Automaton will vote AGAINST this proposal.

Proposal: Whitelist $BORING (BoringDAO) - 200K BNT Co-Investment

The BoringDAO team was a guest on this week’s community call, which they announced via Twitter. However, there is not yet any mention of the whitelisting proposal. There are currently zero tweets featuring $BORING or ‘BoringDAO’ together with ‘Bancor’ or $BNT. The team previously acknowledged the proposal for $BOR, the predecessor to $BORING, via Twitter on two occasions (here, and here). If engagement remains low, the Voting Automaton will vote AGAINST this proposal.

Proposal: Activate LM Rewards for Enzyme (MLN) with an 8-Week Duration + Increase Co-Investment Limit to 500k

There are two proposed changes in this proposal, liquidity mining rewards and a co-investment increase. The Voting Automaton is conservative for liquidity mining proposals, but liberal for co-investment increases. As the two are taken together, AND conditional logic is used (i.e. the Automaton must be in favor of both changes to vote in favor). The co-investment is fine; it is the liquidity mining aspect that requires more attention.

The proposal was submitted by an asset manager at Enzyme, @ThePerpetual, and has voiced a sincere-sounding ambition to strengthen ties with Bancor.

The MLN buyback scheme satisfies the ‘strategic pool’ aspect of the Voting Automaton’s logic (similar to the FARM proposal). The discussion is slightly non-committal; however, if Bancor does become the deepest source of MLN liquidity, it stands to reason that the buyback mechanism will follow. The Voting Automaton can certainly vote FOR the MLN staking incentives; however, the opacity is a little problematic. The Enzyme main Twitter account has acknowledged the liquidity incentives, and it seems pertinent that the Bancor community makes an effort to open a dialogue in the near future. I have reached out to Enzyme over Twitter. If a slightly more authoritative stance can be ascertained ($FARM set an excellent example here), the Voting Automaton will vote FOR this proposal.

Proposal: Whitelist OriginTrail (TRAC) + 100k Co-Invest

The OriginTrail main Twiiter account has acknowledged the proposal. The co-investment limit is sound, based on the depth of the Uniswap pool. There are no liquidity incentives for $TRAC on Uniswap or anywhere else. The Voting Automaton will vote FOR the whitelist status of the $TRAC token.

Whitelist APY.vision (VISION) Token - 100K Co-Invest (Second attempt at quorum)

The first vote was highly supported by the Bancor community, and only failed to reach quorum. The Voting Automaton will vote FOR whitelist status of $VISION, as it did previously.

Proposal: Increase Co-Investment Limit to 50K on ARCONA Pool

The ARCONA community have demonstrated a sincere commitment to their pool. The Arcona Metaverse team have previously distributed valuable NFTs randomly to voters, regardless of their voting behavior, and have announced their intention to do the same this time. The current co-investment is a diminutive 5k BNT, and has grown to $600K in liquidity regardless. This indicates that community members have bought and staked 77,000 of their own BNT. This is precisely the behavior that fosters confidence. There is presently 0 space of ARCONA single-sided staking, and a co-investment in this case is easy to justify. The Voting Automaton will vote FOR the increased capacity.

Proposal: Whitelist UOS/Ultra

The Ultra Twitter account has not yet acknowledged the whitelisting proposal. There are currently only two tweets featuring $UOS or with ‘Bancor’ or $BNT (here and here). If engagement remains low, the Voting Automaton will vote AGAINST this proposal.

2 Likes

Kattana tweet confirmed.

1 Like

Ultra tweet confirmed.

1 Like

BoringDAO tweet confirmed.

1 Like

Proposal: Activate LM Rewards for Enzyme (MLN) with an 8-Week Duration + Increase Co-Investment Limit to 500k

A tweet was posted to ask for some clarification from Enzyme on the proposed collaboration. There has not been any activity to report, however a community member responded that the proposal should have been postponed until there is a clear understanding between the MLN and BNT communities. The Voting Automaton is voting AGAINST this LM program for now, due to uncertainty surrounding the value of its implementation. However, once a firm basis for the proposal is established, the ‘Strategic Pool’ requirements will certainly be satisfied, and the Automaton will vote FOR in future rounds. Following the standard established by FARM, it seems appropriate to invite an Enzyme representative to a community call to discuss further, prior to the proposal being reconsidered.

2 Likes

Proposal to Increase Co-investment for DRC to 50,000 BNT

The Voting Automaton will vote FOR the proposed increase in single-sided staking capacity.

Proposal to Whitelist Efinity (EFI) by Enjin

The Voting Automaton will vote FOR the whitelisting status of Enjin’s EFI token.

Proposal: Activate LM rewards for AMP-BNT pool with an Eight Week Duration + 2M BNT Co-investment Limit

The Automaton’s behavior on liquidity mining proposals has recently been clarified:

The AMP proposal is unique, in the sense that the rewards do not activate until after BNT becomes a supported asset on the Flexa payments network. Since this adds additional, long-term utility to the BNT token, the value proposition of the LM campaign is justified. Further, the fact that if BNT is not supported, that LM rewards will not activate, is a great implementation of LM rewards as an incentive to drive collaboration. Therefore, the Automaton will vote FOR the LM incentives on the AMP token, on the provision that BNt is an approved asset on the Flexa Network.

Proposal: Whitelist $ONE (Harmony) - 150K BNT Co-Investment

The Voting Automaton will vote FOR the whitelisting status of Harmony ONE.

Fee Change on FTT (FTX TOKEN) to .5%

The proposed fee change is in-range. The Voting Automaton will vote FOR the proposed change to 0.5% swap fee on the FTT pool.

Proposal to Whitelist $MONA (DIGITALAX) - 150K BNT Co-Investment (Second attempt at quorum)

As before, the Voting Automaton will support the whitelist status of MONA.

2 Likes

The Harmony ONE tweet can be found here.
The social engagement of the DIGITALAX/MONA team is described above.
The Enjin EFI tweet can be found here.

1 Like

Proposal: Whitelist Saffron Finance (SFI) + 250k Co-Invest

The obligatory Tweet from the Saffron Finance main account has been confirmed. The reasoning for the co-investment number is sound; the proposal suggests to capture 30-50% of the total DEX liquidity for SFI, which is well within reach given the size of the largest pools on Uniswap and Sushiswap. The Voting Automaton will vote FOR the whitelisting status of SFI.

Proposal: Extend LM Rewards on ENJ (Enjin) Pool
Proposal: Extend LM Rewards on Alpha Pool
Proposal: Extend LM Rewards on WOO Pool
Proposal: Extend LM Rewards on MATIC Pool
Liquidity Mining Extension for BTC/ETH/LINK
Proposal: Activate Greatly-Reduced LM Rewards for LQTY

Voting logic for staking rewards looks like this:

if PriorLM == False and StrategicPool == True:
FOR
Elif PriorLM == True and TKN == 'LINK', 'WBTC', 'ETH', 'USDC', 'DAI', 'USDT':
FOR
Else:
AGAINST

Therefore, the Voting Automaton will vote AGAINST extensions to Alpha, Enjin, Woo and Matic, and vote FOR the extensions to wBTC, LINK and ETH.

The rewards schedule for LQTY is among the first to be held to the disambiguated voting rules for first-time staking rewards:

The staking rewards proposal discusses only TVL. As outlined above, this automatically triggers an AGAINST vote from the Automaton.

Proposal: 500K UMA Co-Investment Increase / UMA Treasury Match
Proposal: Increase ICHI Co-investment from 350k to 700k + 0.3% Trading Fee
Increase co investment on FTT (FTX TOKEN) to 350,000 BNT
Proposal: Increase Co-investment Limit to 500K BNT on QNT (Quant) Pool - 2nd Attempt

All co-investment increases are reasonable, and justified. Unlike the LM rewards, use of the co-investment to drive competitive liquidity depth to Bancor is highly cost efficient, and completely unique to our platform; staking rewards are everywhere. As noted on the most recent community call with our guest from UMA - the treasurer at UMA had his “mind blown” by the single-sided capacity of Bancor’s liquidity provision, and which is supporting the contribution of DAO funds. In short, all of the proposals for increased single-sided capacity discuss competitive depth and reference the appropriate data, which satisfies the requirements of the Automaton. The only additional item is the concomitant change in the fee for ICHI, which is in range:

if pool = ETH and 0.05% < proposedFee < 0.15%:
    vote = FOR
elif pool != ETH and 0.1% < proposedFee < 1.0%:
    vote = FOR
else:
    vote = AGAINST

Therefore, the Automaton will vote FOR the co-investment increases on UMA, ICHI, FTT and QNT.

2 Likes

POWR Whitelist Proposal & BNT co-investment 250,000

POWR was among the first tokens to establish a pool on Bancor. The Powerledger Twitter account is relatively focused on energy policy. In private correspondence, the Powerledger team have indicated that they will help to promote the staking function of the Bancor pool following the whitelisting vote. As a long term supporter of Bancor, there is no reason to doubt that the Powerledger team will help to raise awareness within their community.

Proposal: Extend LM rewards on 0Chain (ZCN/BNT)
Proposal: Extend LM Rewards on COMP-BNT (Compound) Pool for an Additional Six Weeks

The automaton logic for staking rewards proposals is as follows:

if PriorLM == False and StrategicPool == True:
FOR
Elif PriorLM == True and TKN == 'LINK', 'WBTC', 'ETH', 'USDC', 'DAI', 'USDT':
FOR
Else:
AGAINST

As both ZCN and COMP have already completed an LM program, the Automaton will vote AGAINST these proposals.

Proposal to Whitelist Token (EDEN)

The EDEN team were guest speakers in a recent Bancor community call, and helped to advertise their involvement, and the whitelisting proposal on Twitter (here, here, here, and here). Community engagement is mostly positive. Further, Bancor and EDEN have a longstanding and ongoing collaboration to help with MEV issues. The EDEN project (formerly ArcherDAO) serves a clear purpose, the product is good, and all engagement criteria are met. Therefore, the automaton will vote FOR its whitelisting status.

BancorDAO Whitelist Proposal for unFederalReserve (eRSDL)

The obligatory tweet from the UnFederalReserve project team has been confirmed. Further, community sentiment seems positive, with prominent Bancor/Chainlink community members expressing support for the whitelisting proposal on Twitter (e.g. here and here). The Automaton will vote FOR eRSDL whitelisting.

Proposal: Whitelist DeXe Network (DEXE) - 200K BNT Co-Investment

The obligatory Tweet from the DeXe team has been confirmed. DeXe does not have an active incentives program for its pool on Uniswap, the co-investment limit is set at a reasonable level, and integrations within the DeXe Investment Platform are being prepared:

The Automaton will vote FOR the DeXe whitelisting proposal.

1 Like