Extend LM Rewards on wNXM Pool
Read the original proposal on Discourse
TL;DR
- The LM Rewards will be extended on the wNXM Pool.
- The current reward rates for the pool will be unaffected.
- The LM rewards duration on the wNXM pool can be ended prior to the completion of the extension if the DAO votes to do so.
- The LM rewards rate on the wNXM pool can be modified prior to the completion of the extension if the DAO votes to do so.
Vote For : Extend LM Rewards for 12 Weeks on wNXM Pool
Vote Against : Do not Extend LM Rewards on wNXM Pool
Discussion
Current pool depth is roughly $20M:
We are the deepest source of liquidity for this token and the Uniswap V2, Sushiswap, and Balancer wNXM-ETH pools have roughly 900K in liquidity combined:
There is also a Uniswap V3 pool with roughly ~$3.69M in liquidity.
Weekly Fees and Volume for this token since the week of 4/26:
Compared to other tokens that have an ongoing or had an LM campaign, the total fees for different time periods:
~90 Days ago (since the week of 4/26):
| symbol | total_fees |
|---|---|
| MPH | $26,943.27 |
| REN | $92,157.28 |
| OCEAN | $101,352.36 |
| GRT | $108,759.53 |
| BAT | $132,690.61 |
| UNI | $139,805.53 |
| ROOK | $217,958.73 |
| WOO | $231,877.29 |
| AAVE | $309,068.49 |
| MKR | $313,640.23 |
| YFI | $317,389.89 |
| ALPHA | $335,261.87 |
| SNX | $341,728.71 |
| wNXM | $531,521.37 |
| ENJ | $758,443.64 |
| MATIC | $1,640,511.50 |
~60 Days ago (since the week of 5/24):
| symbol | total_fees |
|---|---|
| MPH | $13,455.45 |
| UNI | $45,033.66 |
| REN | $48,404.89 |
| GRT | $55,589.44 |
| OCEAN | $57,903.05 |
| YFI | $97,999.58 |
| BAT | $101,364.55 |
| MKR | $103,520.23 |
| ROOK | $121,780.44 |
| AAVE | $124,770.03 |
| ALPHA | $143,943.83 |
| wNXM | $152,401.42 |
| SNX | $173,331.37 |
| WOO | $218,857.64 |
| ENJ | $511,617.30 |
| MATIC | $577,206.43 |
~30 Days ago (since the week of 6/21):
| symbol | total_fees |
|---|---|
| MPH | $4,463.80 |
| UNI | $11,887.44 |
| REN | $12,452.39 |
| YFI | $20,145.07 |
| GRT | $20,398.20 |
| OCEAN | $21,235.23 |
| MKR | $26,976.90 |
| wNXM | $44,741.15 |
| BAT | $46,541.55 |
| AAVE | $56,926.81 |
| ROOK | $61,027.68 |
| ALPHA | $75,989.89 |
| SNX | $94,160.76 |
| WOO | $96,907.43 |
| MATIC | $125,627.42 |
| ENJ | $225,710.07 |
Volume and Fee data since the week of 4/26/21:
| symbol | time | Conversion Fees in USD | Volume in USD |
|---|---|---|---|
| wNXM | 4/26/2021 0:00 | $76,974.65 | $7,620,490.23 |
| wNXM | 5/3/2021 0:00 | $94,366.78 | $9,342,310.93 |
| wNXM | 5/10/2021 0:00 | $116,139.45 | $11,497,805.60 |
| wNXM | 5/17/2021 0:00 | $91,639.08 | $9,072,268.71 |
| wNXM | 5/24/2021 0:00 | $38,528.73 | $3,814,344.73 |
| wNXM | 5/31/2021 0:00 | $34,604.72 | $3,425,866.94 |
| wNXM | 6/7/2021 0:00 | $29,919.78 | $2,962,058.66 |
| wNXM | 6/14/2021 0:00 | $4,607.03 | $456,095.95 |
| wNXM | 6/21/2021 0:00 | $19,410.22 | $1,921,611.47 |
| wNXM | 6/28/2021 0:00 | $6,696.89 | $662,992.18 |
| wNXM | 7/5/2021 0:00 | $7,683.43 | $760,659.65 |
| wNXM | 7/12/2021 0:00 | $5,780.74 | $572,292.80 |
| wNXM | 7/19/2021 0:00 | $5,169.88 | $511,817.88 |
Off-Chain Vote
FOR
1.09M 23.4%
AGAINST
3.58M 76.6%
Timeline
Jul 26, 2021Proposal created
Jul 26, 2021Proposal vote started
Jul 29, 2021Proposal vote ended
Oct 08, 2025Proposal updated