Increase the trading liquidity limit in the FODL pool from 500k BNT to 800k BNT
TL;DR
- The FODL liquidity balance is currently full.
- The FODL liquidity on other decentralized exchanges justifies proposing an increase.
- Increasing the pool’s liquidity will improve price impact and help direct more volume to Bancor.
- This proposal seeks to increase the trading liquidity limit in the pool from 500k BNT to 800k BNT.
Abstract
There are currently ~493k BNT and ~6.94m $FODL tokens in the BNT-FODL pool. This has resulted in a pool that has roughly ~2.1m in liquidity. This proposal seeks to increase the $FODL pool’s single-sided capacity by increasing the trading liquidity limit to 800K $BNT .
Rationale
The FODL pools with deepest liquidity in Ethereum DEXes are:
The FODL/USDC 0.3% SushiSwap pool with $5,229,680.09 liquidity, and $103,555.89 daily volume [1]. The FODL/WETH 0.3% SushiSwap pool with $4,387,297.68 liquidity, and $88,149.61 daily volume [2]. The FODL 0.2% Bancor pool with $2,123,999.38 liquidity, and $41,587 daily volume [3].
The extra liquidity would bring the total pool liquidity to at least ~$2.8m, if the space in the pool is filled.
FOR
Increase trading liquidity in the FODL pool from 500k BNT to 800k BNT.
AGAINST
Keep the trading liquidity in the FODL pool at 500k BNT.
[1] FODL-USDC | SushiSwap Analytics [2] FODL-WETH | SushiSwap Analytics [3] Bancor: Converter 726 | Address 0x043CA1F3Aa6939041e57d6Eb7811Cf5C6e56827E | Etherscan
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xc32E...35cC22 | 2M | Abstain |
 0x157D...5c064B | 1.764M | For |
 0x9326...aC7Ed9 | 397,886 | For |
 0x91c0...be70c6 | 381,309 | Against |
 0xA2C1...b8eA3E | 360,344 | For |
VOTE POWER
Proposal Status
- Sun May 01 2022, 02:13 pmVoting Period Starts
- Wed May 04 2022, 05:13 pmEnd Voting Period
Current Results
1-For
3.694M
2-Abstain
2.122M
3-Against
413,172.738