Proposal: Whitelist MASK with 100K BNT Co-Investment
The MASK whitelist proposal includes a link to a Twitter profile that was created April 2021. That account has 50 followers, and recently tweeted that a “new” Twitter account was created, that predates the one in the proposal by 2 years. Neither have acknowledged the vote on Bancor. A broader search of the crypto social networks reveals very little engagement. The Automaton will vote AGAINST the whitelisting of MASK until the vote is acknowledged. Such an acknowledgement is not unprecedented for the “main” Mask Twitter account (e.g. here, here, here, here).
Proposal: Whitelist MFI + 100k BNT Co-Investment
The obligatory Tweet from Marginswap is confirmed. The team also helped to improve the visibility of the proposal by retweeting its author’s announcement after it appeared on Discourse. This satisfies the minimum engagement requirements, and the Automaton will vote FOR the whitelisting status of MFI.
Proposal: Whitelist InstaDapp (INST) with 900K BNT Co-Investment
A representative from InstaDapp was a guest on the most recent Bancor Community call. A community member has Tweeted about the propsoal, which was retweeted 13 times, although not by the main Instadapp account. Looking through the main account material, it is not immediately obvious that they would be restricted from promoting the proposal. As with the MASK proposal, the Automaton will vote AGAINST the whitelisting status until main Twitter account has acknowledged the proposal.
Proposal: Whitelist iExec RLC (RLC) Plus 200K BNT Co-Investment Limit - 2nd Attempt
The iExec RLC team have been much more involved with this second proposal for whitelisting status than the first time around. Their new head of community engagement was a guest speaker on the most recent community call, and the main Twitter account has bee highly proactive in advertsing and supporting the proposal (see: here, here, here, here, here). The token is a standard from the OpenZeppelin Library, and the tokenomics design is similar to other blockchain services, such as Chainlink, where the native token is also the default medium of exchange for access to the service provided (in this case, computing resources). Overall, the project is sound, the token is apparently quite secure, the co-investment is very reasonable. The Auotomaton will vote FOR whitelisting status of iExec RLC.
Proposal: FARM LM Time Extension
The Automaton’s voting logic is rigorously enforced. The only LM extensions the Automaton will vote FOR are LINK, WBTC, ETH, and the USD stablecoins.
if PriorLM == False and StrategicPool == True:
FOR
Elif PriorLM == True and TKN == 'LINK', 'WBTC', 'ETH', 'USDC', 'DAI', 'USDT':
FOR
Else:
AGAINST
It should be noted that the FARM pool is among the most performant on Bancor, and it would certainly make sense to continue supporting it with an extended LM program. Remember - the objective of the Automaton is vote consistently and predictably; users who have assigned their voting power to the Automaton can always vote manually, even without removing their delegation. Therefore, the Automaton will vote AGAINST extending the rewards on FARM. It is worth noting that it is unlikely this will impact the outcome of the vote. At the time these posts were created, the FARM LM proposal was up to 99.85% in favor, and 30.3% quorum.
Proposal: Increase Co-investment Limit to 350K BNT on DIGITALAX Monavale (MONA) Pool
The DIGITALAX community have been extrememely supportive, and enthusiastic about their pool on Bancor, and about DeFi in general. The team was highly vocal about raising the visibility and profile of Bancor among their community both on Twitter both during their whitelisting campaign, and now for the co-investment increase. Their community integration in defi seems sincere; for example, the Bancor/Chainlink comradery has inspired a T-shirt design recently. Altogether, this is a good project with a strong community and good fundamentals. The co-investment increase is relatively minor, and the Automaton will vote FOR increased single-sided staking capacity.