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BancorBancorby0x21dBF2e0a5f377F7098439B64fb5A67a5d18AF45bancoralchemist.eth

Fee Change on FTT (FTX TOKEN) to 1%

Voting ended over 4 years agoSucceeded

Hello Happy Bancor Frens:

We currently have a pool for FTT: https://coinmarketcap.com/currencies/ftx-token/

image|690x49

However, the pool has under $1,000 of space for FTT LPs and isn't really attractive given the tiny pool size and low volume.

I hope to solve this in 2 steps:

Step 1 (this proposal): Change the fee to 1%. At the moment, given the small pool size volume is likely coming from arbs anyway. Let them pay 1%.

Step 2 (in the coming weeks): Once the pool has some time with the new fee, I will write a proposal for increased co investment. At that point, I hope the APY will be large enough to attract much more liquidity.

Vote FOR to change the fee to 1% Vote AGAINST to keep the fee as is

Off-Chain Vote

FOR
4.82M 60.9%
AGAINST
3.09M 39.1%
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Timeline

Aug 02, 2021Proposal created
Aug 02, 2021Proposal vote started
Aug 05, 2021Proposal vote ended
Oct 08, 2025Proposal updated