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closedEnded 5 years ago ยท Snapshot (Offchain)

Proposal: Extend LM Rewards for ROOK

By 0xA159...E37BF6

Read the original proposal on Discourse

TL;DR

  • The liquidity mining (LM) rewards program started on the 28th of February 2021.
  • First 12 weeks of LM rewards for the ROOKBNT pool will be over on the 23rd of May 2021.
  • On the 5th of March (earliest data on Dune Analytics), the pool liquidity was ~33,829.16 ROOK (~$14,209,662.46), and has since grown to ~37,520.82 ROOK (~$12,876,755.27), captured on the 19th of May [1].
  • In the past month, the pool has attracted an average of $3,392.95 in daily fees and an average daily volume of $1,693,083.5 [2].
  • The ROOKBNT pool is the deepest ROOK DEX&CEX pool, with roughly triple the liquidity of Uniswap ($4,095,993) [3].

Justification

KeeperDAO has had a good synergy with Bancor. An example of such is the integration of their gasless limit order functionality in the Bancor swap widget.

Here is a comparison of the fees obtained in the past 60 days from the pools with currently active LM rewards:
image

Please share your opinions/thoughts on the extension.

[1] Pool liquidity obtained from Dune Analytics
[2] Pool fees and volume obtained from Dune Analytics
[3] KeeperDAO markets checked on KeeperDAO price, ROOK chart, market cap, and info | CoinGecko

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0
Votes 110
VoterCast PowerVote & Rationale
0x9B5e...6d0499
1.262M

FOR

0x1C71...8CEAd7
949,395

AGAINST

0x374a...ff46B9
890,434

FOR

0xf8fF...8e92C6
703,514

AGAINST

0x4862...527Df6
560,915

FOR

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Proposal Status
  • Mon May 24 2021, 01:40 pmVoting Period Starts
  • Thu May 27 2021, 01:40 pmEnd Voting Period
Current Results

1-FOR

3.928M

58.11%

2-AGAINST

2.832M

41.89%
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