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BancorBancorby0x21dBF2e0a5f377F7098439B64fb5A67a5d18AF45bancoralchemist.eth

Proposal to extend LM on AAVE for an additional 12 weeks

Voting ended almost 5 years agoSucceeded

Read the original proposal on Discourse

TL;DR

  • Extend LM rewards on the AAVE pool for a further 12 weeks.
  • Aave has attracted a liquidity pool of $41m at the time of writing .

Voting Instructions

  • Vote FOR to extend LM rewards on AAVE for 12 weeks
  • Vote AGAINST to let LM rewards on AAVE run out in 7 days (at the time of writing)
  • Stake BNT in a protected pool on http://bancor.network
  • Stake vBNT in the governance contract on Ethereum
  • Use vBNT to vote

Discussion

Aave Currently has a $41 million Liquidity pool $20.5M of which is Aave tokens according to Dune analytics.

I propose continue the current LM rewards for another 12 weeks to keep liquidity on Bancor and attempt to encourage more deposits.

A risk at the moment is that matic are offering LM rewards on Aave via 0xpolygon currently offering 22% apy. I fear that if liquidity could part bancor for this if we do not renew LM.

For your reference the aave/matic announcement

Off-Chain Vote

FOR
7.08M 100%
AGAINST
625.75 0%
Download mobile app to vote

Timeline

Apr 19, 2021Proposal created
Apr 19, 2021Proposal vote started
Apr 22, 2021Proposal vote ended
Oct 08, 2025Proposal updated