Proposal to Whitelist Token (EDEN)

This proposal is expected to appear on Snapshot for voting on Monday 22, August 2021 at 12:00 pm UTC.

TL;DR

• Proposal to whitelist EDEN
• Co-investment limit of 250,000 BNT

For: add EDEN to Bancor whitelisted tokens

Against: do not add EDEN to Bancor whitelisted tokens

Token Address: https://etherscan.io/address/0x1559fa1b8f28238fd5d76d9f434ad86fd20d1559

Project Website: https://www.edennetwork.io/

Project

Eden is a priority transaction network that protects traders from frontrunning, aligns incentives for block producers, and redistributes miner extractable value.

The broad aims of the network are to:

1. Protect users from malicious MEV (frontrunning, sandwich attacks, etc.) and reduce the negative externalities MEV has on Ethereum
2. Improve earnings for block producers and increase consensus-level security against block reorganization
3. Tokenize access to MEV, and redistribute value to network stakeholders

Tokenomics

Traders - stake EDEN to gain access to Eden RPC to protect and prioritize their transactions. The more EDEN staked, the better block positioning traders secure.

Slot tenants - bid EDEN to secure prime block space within Ethereum blocks which is then burnt. There are three slots on a perpetual auction system.

Block producers - rewarded in EDEN for mining Eden Network blocks. In return they provide priority block space for Traders and Slot Tenants.

Liquidity providers - get EDEN rewards in return for providing liquidity. Eden Network allocates a portion of newly minted EDEN for LP incentives.

Community and Communication

Twitter: https://twitter.com/edennetwork Telegram: https://t.me/archerdao Medium: https://medium.com/edennetwork Discord: https://discord.com/invite/NapqcSpeS4

Market and Trading Data

Daily trading volume as of 20 August 2021 is 18,470,720 - 95% of liquidity is on SushiSwap.

Additional Information

Bancor has tried the services of Eden Network and is satisfied with the delivery. The tweet below shows Bancor and SushiSwap giving their users the top Ethereum block space utilising Eden Network.

Eden Network is a working partner with Bancor on MEV protection

https://twitter.com/EdenNetwork/status/1423603721599168518

Eden Network is currently processing ~50% of the Ethereum hashrate - almost 1 in 2 blocks on Ethereum are now Eden blocks.