Proposal: Increase Co-investment Limit to 500K BNT on TRAC (OriginTrail) Pool

This proposal is expected to appear on Snapshot for voting on November 14, 2021 4:00 AM . Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.

TLDR

• This proposal seeks to increase the Co-investment limit to 500K $BNT for the $TRAC pool.

• A larger $TRAC pool will attract more trades from aggregators and professional market makers to Bancor which ultimately leads to more fees for our platform.

• A larger co-investment limit on the pool will let LPs provide single-sided liquidity and will lead to an increase in pool depth

• More liquidity in the TRAC-BNT pool should lead to larger volume from DEX aggregators and professional market makers sent in our direction

• More volume for Bancor leads to more fees for our platform and $TRAC holders

Motivation

On Nov 02, 2021 TRAC was listed on Coinbase. This listed skyrocketed TRAC's trading volume and at the time of this writing TRAC is seeing approx $115M volume on it's Coinbase TRAC-USD pair alone. This volume increase is somewhere in the range of a 40x-50x increase in volume since the $TRAC-BNT pool was originally created. Since this listing there has been increased demand from the TRAC community for alternative sources of passive income and one of these demands is a larger limit for the $TRAC-BNT pool. If we want to attract more TRAC LPs to Bancor, we need to open up space in the pool so that they can provide single-sided liquidity. This would allow us to grow the liquidity in the pool and attract larger trades towards our platform which ultimately results in higher fees for Bancor.

Currently, the Bancor pool has no space available and LPs can’t provide single-sided liquidity. I am proposing a 500K Co-investment limit for the $TRAC pool. As the time of this writing $TRAC is currently ranked 7th in volume on Bancor with a very small co-investment limit.