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BancorBancorby0x95A40112C37d79f6833935ec780495d5D3e231780x95A4…3178

Proposal: Extend LM Rewards for BNT-ENJ pool

Voting ended almost 5 years agoSucceeded

Governance Forum Link: https://gov.bancor.network/t/proposal-extend-lm-rewards-for-bnt-enj-pool/2070

This proposal relates to extending the LM rewards for Enjin (ENJ) for an additional 12 weeks.

Enjin coin is a key tool for the management of virtual goods; used as a stored reserve value being locked up when items are created and released when they are destroyed.

Enjin has brought c. $70m of liquidity to Liancor and consistently had one of the highest daily fees by token (up to $100k per day) and strong volume (up to $20m per day) underpinned by a 0.50% swap fee. The LM rewards mechanism clearly attracts ENJ liquidity providers while providing a high amount of liquidity for traders. The extension of this pool will ensure that Bancor continues to attract a diverse range of liquidity providers and traders alike. Thank you for considering this request for extension.

Off-Chain Vote

FOR
7.19M 95.7%
AGAINST
323.89K 4.3%
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Timeline

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