Proposal: Increase Trading Liquidity to 300K BNT on DDX (DerivaDAO) Pool and Set Pool Fees at 1%
The $DDX token was only recently added to the Bancor whitelist. The results on Snapshot were unanimous; 100% in favor of the whitelist, and 45.7% quorum.
The $DDX token has a fairly good distribution profile, and maintains a 10-year incentives plan for exchange liquidity rewards for token holders. Therefore, the distribution is expected to continuously improve with time. this is an important consideration, as the asking amount, 300k BNT, is high for its market metrics:
The proposed fee change to 1% is reasonable given the current climate.
The automaton will vote FOR the increase; however, a dialogue should be opened with regards to establishing Deriva’s own incentives on V3, and external IL protection, given the size of this pool.