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BancorBancorby0xc26892F608B3E97A24149F9C273449416e222060definavigator.eth

Increase the trading liquidity limit in the SHEESHA pool from 50,000 BNT to 250,000 BNT

Voting ended about 4 years agoSucceeded

TL;DR

  • The pool is currently full.
  • This proposal seeks to increase the trading liquidity limit in the SHEESHA pool from 50,000 BNT to 250,000 BNT.
  • The extra space would allow for an extra 4,200 SHEESHA (~$502k) to be staked single-sided, with BNT at $2.51 and SHEESHA at $119.53.

Rationale

DEX liquidity on Ethereum: The SHEESHA pools with deepest liquidity in Ethereum DEXes are:

  • The SHEESHA/ETH pool on Uniswap v2 with $4,009,181 liquidity, and an extrapolated APY from the fees accrued in the past 24 hours of 8.59% [1].
  • The SHEESHA 0.2% pool on Bancor with $270,061 liquidity, and an extrapolated APY from the fees accrued in the past 24 hours of 1.03% [2].

The extra space would allow for an extra 4,200 SHEESHA (~$502k) to be staked single-sided, with BNT at $2.51 and SHEESHA at $119.53.

FOR

Increase trading liquidity in the SHEESHA pool from 50k BNT to 250k BNT.

AGAINST

Keep the trading liquidity in the SHEESHA pool at 50k BNT.

[1] Uniswap Info [2] Bancor: Converter 718 | 0xB521525b2E6Ad8Ef4c03E747B4541F366E5b8035 1

Off-Chain Vote

For
4.76M 63.1%
Against
0 0%
Abstain
2.79M 36.9%
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Timeline

Feb 06, 2022Proposal created
Feb 06, 2022Proposal vote started
Feb 09, 2022Proposal vote ended
Oct 26, 2023Proposal updated