Read the original proposal on Discourse

Proposal to extend LM on wNXM and increase co-investment limit for an additional 12 weeks.

TL;DR

• Extend LM rewards on the wNXM pool for a further 12 weeks.
• wNXM has attracted a liquidity pool of $28m at the time of writing.
• wNXM has been a top performer on Bancor Network
• There’s currently zero space on the TKN side (wNXM)
• Add a co-investment limit 1m BNT

Voting Instructions

• Vote FOR to extend LM rewards & increase co-investment limit on wNXM for 12 weeks
• Vote AGAINST to let LM rewards on wNXM run out in 13 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

wNXM pool has the highest liquidity when compared to others AMM and CEX. It has been performing well in terms of APR / able to drive traders to trade on Bancor. There’s also currently zero space for wNXM to stake on wNXM/BNT pool. Continuation of LM is crucial to drive further trading volume and liquidity for both wNXM and BNT holders.

I propose to continue the current LM rewards for a further 12 weeks

This proposal will appear on Snapshot for a DAO decision on 3rd of May, 12:00 pm UTC.