This proposal is expected to appear on Snapshot for voting on [date=2021-11-21 time=13:00:00 timezone="Europe/Budapest"]. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.

To pass, this proposal requires 35% quorum and 66.7% supermajority on the Bancor DAO Snapshot.

TLDR

• This proposal seeks to increase the Co-investment limit from 100k BNT to 200k BNT for the RNB/BNT pool.
• A larger RNB/BNT pool will reduce price impact and therefore attract more trades from retail users, aggregators, and professional market makers to Bancor.

Rationale

There’s currently space for 23,053 RNB ($42,186.99) in the pool. The Uniswap v2 RNB-ETH pool has a liquidity of $1,417,443 [1], and the RNB-BNT pool on Bancor has a liquidity of $905,921.

The current co-investment limit is 100k BNT. If we increase this limit to 200k BNT, that would allow for at least an extra $400,000 worth of RNB to be staked single-sided. This would allows us to have the deepest RNB pool on Ethereum and attract more volume to Bancor.

Abstract

There are currently ~111k BNT and ~245K RNB tokens in the BNT-RNB pool. This has resulted in a pool that has roughly ~$900k in liquidity.

For

Increase pool co-investment limit from 100k BNT to 200k BNT .

Against

Keep the pool co-investment limit at 100k BNT.

[1] Uniswap Info