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BancorBancorby0x6439abb662e3E5F0eb95DcD25A576A722383d8d2bancorians.eth

Proposal: Extend LM Rewards on SNX Pool

Voting ended over 4 years agoSucceeded

TL DR

  1. The LM Rewards will be extended on the SNX Pool.
  2. The current reward rates for the pool will be unaffected.
  3. 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.
  4. 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 12.6M:

image|483x296

We are in second place when it comes to liquidity for this token (right behind balancer):

image|645x359

There is also a Uniswap V3 pool with roughly ~3.18M in liquidity.

image|431x500

Weekly Fees and Volume for this token since the week of 7/12 (~90 days ago):

image|690x192

image|690x190

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 7/12):

symbol total_fees
NDX $13,333.79
ZCN $15,022.56
EDEN $17,410.83
UNI $19,921.27
MPH $25,076.29
COMP $36,301.68
MKR $43,795.71
YFI $55,770.30
GRT $56,267.09
BAT $66,211.48
OCEAN $79,633.56
ALPHA $98,876.55
AAVE $108,996.89
REN $127,864.85
ROOK $147,080.41
WOO $162,807.61
MATIC $195,954.56
wNXM $209,600.44
SNX $263,473.68
FARM $306,854.96
ENJ $446,997.22

~60 Days ago (since the week of 8/9):

symbol total_fees
NDX $8,459.01
ZCN $10,227.29
UNI $12,002.98
MPH $14,706.33
EDEN $17,411.02
COMP $22,492.74
MKR $23,227.76
BAT $30,269.78
GRT $37,072.68
YFI $38,049.39
ALPHA $41,373.63
OCEAN $53,507.24
AAVE $74,574.73
ROOK $86,441.58
WOO $97,618.32
MATIC $106,705.18
REN $114,598.42
FARM $137,510.27
wNXM $141,545.05
SNX $182,360.83
ENJ $270,341.92

~30 Days ago (since the week of ~9/6):

symbol total_fees
NDX $3,140.08
ZCN $4,069.02
MPH $4,518.50
UNI $5,352.53
MKR $8,799.76
BAT $9,678.53
GRT $10,854.36
YFI $10,932.30
ALPHA $11,678.97
COMP $12,526.07
EDEN $17,411.14
OCEAN $19,506.29
AAVE $22,416.05
MATIC $25,918.59
ROOK $35,951.97
FARM $37,989.24
WOO $54,660.81
wNXM $66,732.60
ENJ $72,870.18
SNX $75,300.85
REN $84,482.77

Volume and Fee data since the week of 7/12/21:

symbol time Conversion Fees in USD Volume in USD
SNX 7/12/2021 0:00 $16,657.95 $8,312,319.20
SNX 7/19/2021 0:00 $16,207.62 $8,087,603.76
SNX 7/26/2021 0:00 $15,991.65 $7,979,834.89
SNX 8/2/2021 0:00 $13,720.98 $6,846,769.66
SNX 8/9/2021 0:00 $18,534.64 $9,248,784.11
SNX 8/16/2021 0:00 $25,068.77 $12,509,316.97
SNX 8/23/2021 0:00 $46,398.33 $23,152,767.37
SNX 8/30/2021 0:00 $14,486.14 $7,228,584.39
SNX 9/6/2021 0:00 $21,106.74 $10,532,262.82
SNX 9/13/2021 0:00 $36,116.15 $18,021,959.45
SNX 9/20/2021 0:00 $11,945.82 $5,960,964.57
SNX 9/27/2021 0:00 $16,343.18 $8,155,249.28
SNX 10/4/2021 0:00 $10,895.69 $5,436,949.98

Off-Chain Vote

FOR
2.76M 82%
AGAINST
604.88K 18%
Download mobile app to vote

Timeline

Oct 10, 2021Proposal created
Oct 11, 2021Proposal vote started
Oct 14, 2021Proposal vote ended
Aug 13, 2025Proposal updated