Proposal: Increase space in the SNX pool from 5,000,000 BNT to 9,000,000 BNT
The automaton will vote FOR increasing the funding limits on SNX.
Proposal to increase the trading liquidity limit in the DAO pool from 100k BNT to 200k BNT
The automaton will vote FOR increasing the funding limits on DAO.
The automaton is voting FOR increasing the funding limits on wNXM. Importantly, the gradual increase is a significant component of the decision in this case. This is a large change, and it is probably a bad idea to commit to it all at once. Further, this proposal is part of an inter-DAO discussion with Nexus Mutual, regarding liquidity support for wNXM. These kinds of collaborations are positive for the industry overall, and help to support the DAO-owned liquidity narrative that strengthens Bancor’s mindshare.
Proposal to increase the trading liquidity limit in the SHEESHA pool from 50,000 BNT to 250,000 BNT
This is a very large change (5×). The pool was only recently whitelisted, and it could be premature to commit this much liquidity at present. There is nothing apparently suspicious about the project, and the team has been incredibly proactive in supporting the pool on Twitter. Demand for staking seems natural. The automaton is reluctantly voting FOR this increase in funding. This example has reminded me that the automaton voting rules are overdue for an update. After B3 is released, I will revise the funding limit increase logic to help make the automaton behavior more predictable. Arbitrary 5× increases is probably still within reason, as the pool is small to start; however, a more precise decision making process on behalf of the automaton is certainly warranted.