Increase the trading liquidity limit in the LPL pool from 250k BNT to 500k BNT
For this proposal to pass, it requires a 35% quorum and 66.7% supermajority.
TL;DR
- The LPL liquidity balance is currently full.
- The LPL 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 250k BNT to 500k BNT.
Abstract
There are currently ~361k $BNT and ~174K $LPL tokens in the BNT-LPL pool. This has resulted in a pool that has roughly ~1.5m in liquidity. This proposal seeks to increase the $LPL pool’s single-sided capacity by increasing the trading liquidity limit to 500K $BNT .
Rationale
The Deepest LPL pools are:
The LPL/ETH 1% Bancor pool with ~$1.5m liquidity The LPL/ETH 0.3% Uniswap v2 pool with ~$16k liquidity The LPL/ETH 1% Uniswap v3 pool with ~$26k liquidity
The extra liquidity would bring the total pool liquidity to at least ~$2.5m, if the space in the pool is filled.
FOR
Increase trading liquidity in the LPL pool from 250k BNT to 500k BNT.
AGAINST
Keep the trading liquidity in the LPL pool at 250k BNT.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xc32E...35cC22 | 2M | Abstain |
 0x157D...5c064B | 1.764M | For |
 0x9326...aC7Ed9 | 397,886 | For |
 0x91c0...be70c6 | 381,309 | For |
 0xA2C1...b8eA3E | 360,344 | For |
VOTE POWER
Proposal Status
- Sun May 01 2022, 02:10 pmVoting Period Starts
- Wed May 04 2022, 05:10 pmEnd Voting Period
Current Results
1-For
4.396M
2-Abstain
2.005M
3-Against
760.93