Votingautomaton.eth

Proposal to activate LM rewards on the SFI-BNT pool in exchange for SFI buybacks

This proposal is among a family of similar proposals, such as those affecting $FARM, $eRSDL, $APW, and $MKR (although the proposal for MakerDAO was deprecated before a vote). The strategy has legs - the $FARM pool on Bancor now commands ~90% of the total liquidity on Ethereum.

The Saffron.Finance counterpart to this proposal can be viewed on their own discourse page; the proposal has not yet appeared on their snapshot governance page. The saffron.finance Twitter account publicized the proposal, to a positive reception.

It should be noted that the pool depth, at present, is a little lackluster. However, this is an unconvincing reason to deny an incentives campaign, as the desired outcome is to improve liquidity. Further, the wording of the proposal is critical:

This is an exchange - liquidity incentives for being the target of SFI buy-backs. Therefore this proposal is contingent on saffron.finance governance agreeing to orchestrate the buyback this way. The Automaton will vote FOR this proposal, but will not vote to renew the incentives, consistent with its prior established behavior.