Proposal: Extend LM Rewards on SNX Pool
TL DR
- The LM Rewards will be extended on SNX Pool.
- The current reward rates for the pool will be unaffected. 2a. There might be a separate proposal that reduces the rewards in half for this pool with the existing conditions left in place.
- The LM rewards duration on the SNX pool can be ended prior to the completion of the extension if the DAO votes to do so.
- The LM rewards rate on the SNX 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 SNX Pool
Vote Against : Do not Extend LM Rewards on SNX Pool
Discussion
Current pool depth is roughly 14.5M:
We have the most liquidity for this token as compare to uniswap and sushiswap (not that far off):
There is also a Uniswap V3 pool with roughly ~1.75M in liquidity.
Weekly Fees and Volume for this token since the week of 4/5:
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 4/5):
| symbol | total_fees |
|---|---|
| BAT | $125,079.66 |
| OCEAN | $141,529.70 |
| REN | $148,426.74 |
| GRT | $174,238.84 |
| WOO | $202,054.20 |
| UNI | $223,053.18 |
| ROOK | $289,469.21 |
| MKR | $354,916.60 |
| SNX | $365,253.36 |
| AAVE | $372,303.90 |
| YFI | $422,000.75 |
| ALPHA | $429,550.91 |
| wNXM | $797,134.52 |
| ENJ | $1,291,749.27 |
| MATIC | $1,760,353.93 |
~60 Days ago (since the week of 5/10):
| symbol | total_fees |
|---|---|
| REN | $62,930.15 |
| OCEAN | $67,769.67 |
| GRT | $78,728.89 |
| UNI | $83,402.09 |
| BAT | $100,079.63 |
| ROOK | $150,123.49 |
| WOO | $202,054.20 |
| MKR | $216,707.30 |
| ALPHA | $226,614.57 |
| AAVE | $231,900.82 |
| SNX | $256,122.20 |
| YFI | $265,919.83 |
| wNXM | $348,362.08 |
| ENJ | $495,802.55 |
| MATIC | $1,224,334.21 |
~30 Days ago (since the week of 6/7):
| symbol | total_fees |
|---|---|
| UNI | $14,578.07 |
| REN | $20,158.88 |
| MKR | $29,012.43 |
| YFI | $30,145.05 |
| GRT | $30,763.36 |
| OCEAN | $31,982.59 |
| BAT | $47,537.33 |
| AAVE | $60,848.50 |
| ALPHA | $63,152.97 |
| ROOK | $65,662.43 |
| wNXM | $67,450.10 |
| SNX | $88,422.46 |
| WOO | $155,823.29 |
| MATIC | $186,992.03 |
| ENJ | $213,959.65 |
Volume and Fee data since the week of 4/5/21:
| symbol | time | Conversion Fees in USD | Volume in USD |
|---|---|---|---|
| SNX | 4/5/2021 0:00 | $21,867.34 | $10,911,802.80 |
| SNX | 4/12/2021 0:00 | $29,610.42 | $14,775,601.75 |
| SNX | 4/19/2021 0:00 | $19,012.34 | $9,487,158.99 |
| SNX | 4/26/2021 0:00 | $12,394.23 | $6,184,718.72 |
| SNX | 5/3/2021 0:00 | $26,246.90 | $13,097,201.01 |
| SNX | 5/10/2021 0:00 | $60,736.47 | $30,307,496.58 |
| SNX | 5/17/2021 0:00 | $69,019.71 | $34,440,836.42 |
| SNX | 5/24/2021 0:00 | $27,029.16 | $13,487,552.16 |
| SNX | 5/31/2021 0:00 | $10,956.55 | $5,467,320.91 |
| SNX | 6/7/2021 0:00 | $27,352.11 | $13,648,705.13 |
| SNX | 6/14/2021 0:00 | $13,832.78 | $6,902,556.97 |
| SNX | 6/21/2021 0:00 | $11,232.99 | $5,605,261.01 |
| SNX | 6/28/2021 0:00 | $12,849.57 | $6,411,937.07 |
| SNX | 7/5/2021 0:00 | $23,155.10 | $11,554,392.91 |
Off-Chain Vote
FOR
6.02M 69.5%
AGAINST
2.64M 30.5%
Timeline
Jul 12, 2021Proposal created
Jul 12, 2021Proposal vote started
Jul 15, 2021Proposal vote ended
Oct 08, 2025Proposal updated