Bancor

This proposal is expected to appear on Snapshot for voting on [date=2022-07-31 time=15:00:00 timezone=“UTC”]. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.

TL;DR

1. A recent proposal passed that let us grow the trading liquidity on pools via an external trigger.
2. This proposal is seeking to grow the trading liquidity on the $PHTR pool to its max (~$454K)

The Bancor DAO recently approved a proposal:

https://gov.bancor.network/t/proposal-allow-the-bancor-protocol-to-grow-tkn-trading-liquidity-via-an-external-trigger/3762

That would allow us to grow the TKN trading liquidity on pools via an external trigger. Feedback from the community suggested that information be provided about which specific pools are going to be grown and by how much trading liquidity. This proposal is seeking to grow the trading liquidity on the $PHTR pool to its max which is ~$454K ($227K $PHTR + $227K $BNT) as of this time of writing 7/25/2022.

The $PHTR liquidity paired with $BNT in the V3 pool at the moment is 382,833.00 $PHTR tokens. There are currently 7,561,652.00 $PHTR tokens available for trading in the master vault. As the LPs ($PHTR team) in this pool , we would like to support trades up to $5600 in size with 5% price impact or less. Trades up to $5600 with this amount of liquidity (~454K) deployed will have a price impact of 2.46% or less.

This means that the current TKN trading liquidity will be grown in the following manner:

1. 382,833.00
2. 765,666
3. 1,531,332
4. 3,062,664
5. 6,125,328
6. 7,561,652.00

Note the growth of TKN trading liquidity is based on what is currently on the bonding and curve and it is always doubled from its previous value.

For: Approve growing trading liquidity on the $PHTR pool to its max Against: Do not grow trading liquidity on the $PHTR pool