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BancorBancorby0xdfCAD9Da6649a47D808a30A7707de5a54aA0aa210xdfCA…aa21

Increase BBS Token Funding Limit to 160K BNT

Voting ended almost 3 years agoDefeated

TL;DR

  • The BBS project created a consumer facing application for the mass market with blockchain sitting under the hood, and Bancor is the chief source of liquidity and volume for the BBS token on Ethereum.
  • BBS is growing, has dozens of thriving message boards and a quickly growing user base, and it just released a mobile application.
  • BBS has always supplied BBS liquidity and intends to continue doing so.
  • BBS has always covered its own IL protection (35K still remaining) and intends to continue doing so.
  • We request Bancor to increase trading liquidity on the BBS-BNT pool to 160k.

Background

In the time since the BBS pool was first created, the project has grown into a larger community with more message boards and users.

As such, we seek a deeper liquidity pool as we would like the liquidity to grow along with the project.

Benefits to Bancor

  • Increased vortex revenue due to higher volume of trading.

Vote For: To increase BBS funding limit to 160k BNT Vote Against: To do nothing

Off-Chain Vote

For
8.09K vBNT0.3%
Against
184.49K vBNT6.8%
Abstain
2.5M vBNT92.9%
Download mobile app to vote

Discussion

Bancor Increase BBS Token Funding Limit to 160K BNT

Timeline

Mar 26, 2023Proposal created
Mar 26, 2023Proposal vote started
Mar 29, 2023Proposal vote ended
Oct 26, 2023Proposal updated