Should we allocate up to 70,000 wNXM from the Community Fund to the wNXM Bancor pool?

Bancor's Tiago Silva created a proposal to allocate up to 70,000 wNXM from the Community Fund and deposit wNXM into Bancor's single-sided wNXM pool. This would allow wNXM from the Community Fund to earn yield and deepen liquidity for wNXM in DeFi.

The TL;DR of this proposal, as quoted from the forum:

• Proposal seeking to allocate up to 70,000 wNXM from the Community Fund to the wNXM Bancor pool, assuming space is opened up in the pool. There is a proposal on the Bancor governance to increase the space to 10M BNT (~$25m of space for wNXM to be staked) gradually, 1M increment at a time.
• Yields have been in the range of 2 - 15% over the last 2 weeks. Data on Liquidity Share, Turnover, and Trade Volume is presented.
• Full impermanent loss protection provides a safe way for the Community Fund to earn additional yield on some of its idle assets.
• Bancor’s contract safety, single-sided staking and some upcoming Bancor 3 phase 1 features are especially interesting for a fund deposit.

This proposal is a companion to one that has already passed through Bancor's Snapshot governance.

The Bancor community has approved a vote that will increase the trading liquidity limit (TLL) in the wNXM pool from 2M BNT to 10M BNT with 1M increments happening each time the pool space is filled. Members can review the result of that vote here: https://snapshot.org/#/bancornetwork.eth/proposal/0x5c15197dd60b48871cf0fa42247dff88fb65471b390e11f9e6355ca77901ddea

Members can review the full text of this proposal on the Nexus forum here: https://forum.nexusmutual.io/t/allocate-up-to-70-000-wnxm-from-the-community-fund-to-the-wnxm-bancor-pool/779/1