Increase the trading liquidity limit in the LQTY pool from 150k BNT to 300k BNT
TL;DR
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The LQTY liquidity on other decentralised exchanges justifies proposing an increase.
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Increasing the pool’s liquidity will improve price impact and help direct more volume to Bancor.
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This proposal seeks to increase the trading liquidity limit in the pool from 50k BNT to 100k BNT.
Rationale
The Deepest LQTY pools are:
The LQTY/ETH 0.3% Uniswap v3 pool with $2.15m liquidity, and $268.54k daily volume [1].
The LQTY/ETH 1% Uniswap v3 pool with $341.46k liquidity, and $1.97k daily volume [2].
The LQTY 0.2% Bancor pool with $539,231 liquidity, and $8,991 daily volume [3].
The extra liquidity would bring the total pool liquidity to at least ~$1.3m, if the space in the pool is filled. If this happens, a proposal to increase the trading liquidity limit again should be considered.
FOR: Increase trading liquidity in the LQTY pool from 150k BNT to 300k BNT.
AGAINST: Keep the trading liquidity in the LQTY pool at 150k BNT.
[1] https://info.uniswap.org/#/pools/0xd1d5a4c0ea98971894772dcd6d2f1dc71083c44e
[2] https://info.uniswap.org/#/pools/0x28b67e0a4e570720c111c090c45daa065a54e58d
[3] https://etherscan.io/address/0x3D36e8dF307aFc3EBc90e9EF200C790Ee9a93161
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xc32E...35cC22 | 2M | Abstain |
 0x157D...5c064B | 1.764M | For |
 0x9326...aC7Ed9 | 391,713 | For |
 0xA2C1...b8eA3E | 260,271 | For |
 0x21dB...18AF45 | 233,857 | For |
VOTE POWER
Proposal Status
- Sun March 27 2022, 12:00 pmVoting Period Starts
- Wed March 30 2022, 03:00 pmEnd Voting Period
Current Results
1-For
3.805M
2-Abstain
2.058M