TL;DR

• The PSP-BNT pool was recently whitelisted and is currently at $19,193 liquidity.
• The Paraswap DAO has agreed to allocate 1.5m PSP to provide liquidity on the PSP-BNT pool.
• The pool currently has space for 759,258 PSP.
• This proposal aims to increase the trading liquidity from 100k BNT to 200k BNT to open up space for the Paraswap treasury deposit.

Rationale

@tenzent proposed allocating a part of the Paraswap treasury to be deposited on Bancor, citing some of its biggest advantages, namely, single-sided staking and impermanent loss protection.

The proposal passed with 89.29% votes in favor of a 1.5m PSP allocation at the time of writing, and can be found on their snapshot.

The pool currently has space for 759,258 PSP to be staked single-sided. Increasing the trading liquidity to 200k BNT would open up around $331k worth of space, or roughly 775k PSP, with BNT at $3.31 and PSP at 0.427.

FOR

Increase trading liquidity in the PSP-BNT pool to 200k BNT to open up space for the Paraswap treasury deposit.

AGAINST

Keep the trading liquidity in the PSP-BNT pool at 100k BNT.