Increase trading liquidity limit in the VITA pool from 100K BNT to 500K BNT

For this proposal to pass, it requires a 35% quorum and 66.7% supermajority.

This proposal is expected to appear on Snapshot for voting on [date=2022-02-13 timezone="Europe/London"]. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.

TL;DR

• The VITA pool has recently been whitelisted.

• Increasing the pool’s liquidity will improve price impact and help direct more volume to Bancor.

• This proposal seeks to increase the trading liquidity limit in the pool from 100k BNT to 500k BNT.

Rationale

The VITA pools with deepest liquidity in Ethereum DEXes are:

The VITA/ETH pool on Uniswap v3 with $3.11m liquidity [1].

The VITA/WETH 50%/50% pool on Balancer with $1,404,270 liquidity [2].

The VITA/WETH 80%/20% pool on Balancer with $1,276,870 liquidity [3].

The VITA pool on Bancor with $582,526 liquidity [4].

The extra liquidity would bring the total pool liquidity to ~$2.83m, making the VITA pool on Bancor the 2nd deepest VITA pool in any DEX.

FOR

Increase trading liquidity in the VITA pool from 100k BNT to 500k BNT.

AGAINST

Keep the trading liquidity in the VITA pool at 100k BNT.

[1] https://info.uniswap.org/#/pools/0xcbcc3cbad991ec59204be2963b4a87951e4d292b

[2] https://app.balancer.fi/#/pool/0xbaeec99c90e3420ec6c1e7a769d2a856d2898e4d00020000000000000000008a

[3] https://app.balancer.fi/#/pool/0x350196326aeaa9b98f1903fb5e8fc2686f85318c000200000000000000000084

[4] https://etherscan.io/address/0x7B96138d36895e5e68d93561D24465e66E827206