Transfer Ownership of MANA-BNT Bancor Pool to the Bancor DAO

by 0x95a40112c37d79f6833935ec780495d5d3e23178

The Bancor DAO is looking to raise the Co-Investment limit of the MANA-BNT pool to open up space for LPs on the MANA side to stake their tokens single sided with Impermanent Loss Protection. There is a proposal (https://gov.bancor.network/t/proposal-increase-co-investment-limit-to-500k-bnt-on-mana-decentraland-pool/1825) that has been brought up in our DAO to make this happen. We are looking to transfer ownership of this pool to the Bancor DAO so that we can upgrade the pool contract and proceed with bringing this vote to the DAO.

For Transfer ownership of the MANA-BNT Pool to the Bancor DAO so that the pool contract can be upgraded. The Bancor community will then vote to support a higher Co-Investment Limit for the MANA pool which will benefit MANA token holders. MANA Token holders will be able to provide liquidity single sided with Impermanent Loss Protection.

Against We are not interested in getting liquidity to support the MANA token on Decentralized Exchanges. We prefer MANA LPs to sell half of their tokens to LP 50-50 on other DEXes and not go long on MANA. We prefer our LPs to suffer Impermanent Loss if MANA rises drastically.

• FOR
• AGAINST

Vote on this proposal on the Decentraland DAO