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BancorBancorby0xA15959aAAa96C0b17D06FfBb2dc10aE249E37BF60xA159…7BF6

Proposal: Extend LM Rewards for ROOK

Voting ended almost 5 years agoSucceeded

Read the original proposal on Discourse

TL;DR

  • The liquidity mining (LM) rewards program started on the 28th of February 2021.
  • First 12 weeks of LM rewards for the ROOKBNT pool will be over on the 23rd of May 2021.
  • On the 5th of March (earliest data on Dune Analytics), the pool liquidity was 33,829.16 ROOK ($14,209,662.46), and has since grown to 37,520.82 ROOK ($12,876,755.27), captured on the 19th of May [1].
  • In the past month, the pool has attracted an average of $3,392.95 in daily fees and an average daily volume of $1,693,083.5 [2].
  • The ROOKBNT pool is the deepest ROOK DEX&CEX pool, with roughly triple the liquidity of Uniswap ($4,095,993) [3].

Justification

KeeperDAO has had a good synergy with Bancor. An example of such is the integration of their gasless limit order functionality in the Bancor swap widget.

Here is a comparison of the fees obtained in the past 60 days from the pools with currently active LM rewards:\

image

Please share your opinions/thoughts on the extension.

[1] Pool liquidity obtained from Dune Analytics
[2] Pool fees and volume obtained from Dune Analytics
[3] KeeperDAO markets checked on KeeperDAO price, ROOK chart, market cap, and info | CoinGecko

Off-Chain Vote

FOR
3.93M 58.1%
AGAINST
2.83M 41.9%
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Timeline

May 24, 2021Proposal created
May 24, 2021Proposal vote started
May 27, 2021Proposal vote ended
Oct 26, 2023Proposal updated