Proposal: Extend LM Rewards on Alpha Pool

This proposal is expected to appear on Snapshot for voting on [date=2021-08-15 time=12:00:00 timezone="UTC"]. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.

Proposal: To continue Alpha LM rewards for another 12 weeks

Why not? LM is expensive and we have continued them for Alpha once already.

But why?

1. Bancor has the deepest liquidity pool for Alpha out of any DEX - keeping this is beneficial for all Bancor Stakers

2. Alpha Tokenomics (native staking of Alpha) is providing APY to stakers of 7%-12%. Bancor Fees are roughly 3-10%. Bancor, with additional LM rewards + Fee's provided to stakers provides a much superior APY of over 20%. This means Bancor, with some marketing, can in fact drive more users to stake Alpha on Bancor compared to any other single sided staking in the market.

3. Alpha Pool on Bancor has generated 585,936.87USD in fees in 128 days to Bancor (broken down in months as / March 116,816.4USD / April 170,484.3USD / May 190,905.8USD / June 49,272.21USD / 58,458.15USD) or 4,577.63USD per day. This is easily one of the top performing pools on Bancor and will continue to be.

I have personally been staking Alpha, along with many other tokens on Bancor and continue to restake BNT consistently. Again, I understand this is quite early but believe keeping Bancor with the deepest liquidity pool for Alpha on any DEX while driving fee revenue to the protocol is key. As an Alpha community member and Bancor fanatic (and hodler), would like to express our sincere gratitude towards the team and community members. Keep up the good work and hope you consider this proposal in due time!