Read the original proposal on Discourse

TL;DR

1. The LM Rewards will be extended on the wNXM Pool.
2. The current reward rates for the pool will be unaffected.
3. The LM rewards duration on the wNXM pool can be ended prior to the completion of the extension if the DAO votes to do so.
4. The LM rewards rate on the wNXM pool can be modified prior to the completion of the extension if the DAO votes to do so.

Vote For : Extend LM Rewards for 12 Weeks on wNXM Pool

Vote Against : Do not Extend LM Rewards on wNXM Pool

Discussion

Current pool depth is roughly $20M:

We are the deepest source of liquidity for this token and the Uniswap V2, Sushiswap, and Balancer wNXM-ETH pools have roughly 900K in liquidity combined:

There is also a Uniswap V3 pool with roughly ~$3.69M in liquidity.

Weekly Fees and Volume for this token since the week of 4/26:

Compared to other tokens that have an ongoing or had an LM campaign, the total fees for different time periods:

~90 Days ago (since the week of 4/26):

symbol	total_fees
MPH	$26,943.27
REN	$92,157.28
OCEAN	$101,352.36
GRT	$108,759.53
BAT	$132,690.61
UNI	$139,805.53
ROOK	$217,958.73
WOO	$231,877.29
AAVE	$309,068.49
MKR	$313,640.23
YFI	$317,389.89
ALPHA	$335,261.87
SNX	$341,728.71
wNXM	$531,521.37
ENJ	$758,443.64
MATIC	$1,640,511.50

~60 Days ago (since the week of 5/24):

symbol	total_fees
MPH	$13,455.45
UNI	$45,033.66
REN	$48,404.89
GRT	$55,589.44
OCEAN	$57,903.05
YFI	$97,999.58
BAT	$101,364.55
MKR	$103,520.23
ROOK	$121,780.44
AAVE	$124,770.03
ALPHA	$143,943.83
wNXM	$152,401.42
SNX	$173,331.37
WOO	$218,857.64
ENJ	$511,617.30
MATIC	$577,206.43

~30 Days ago (since the week of 6/21):

symbol	total_fees
MPH	$4,463.80
UNI	$11,887.44
REN	$12,452.39
YFI	$20,145.07
GRT	$20,398.20
OCEAN	$21,235.23
MKR	$26,976.90
wNXM	$44,741.15
BAT	$46,541.55
AAVE	$56,926.81
ROOK	$61,027.68
ALPHA	$75,989.89
SNX	$94,160.76
WOO	$96,907.43
MATIC	$125,627.42
ENJ	$225,710.07

Volume and Fee data since the week of 4/26/21:

symbol	time	Conversion Fees in USD	Volume in USD
wNXM	4/26/2021 0:00	$76,974.65	$7,620,490.23
wNXM	5/3/2021 0:00	$94,366.78	$9,342,310.93
wNXM	5/10/2021 0:00	$116,139.45	$11,497,805.60
wNXM	5/17/2021 0:00	$91,639.08	$9,072,268.71
wNXM	5/24/2021 0:00	$38,528.73	$3,814,344.73
wNXM	5/31/2021 0:00	$34,604.72	$3,425,866.94
wNXM	6/7/2021 0:00	$29,919.78	$2,962,058.66
wNXM	6/14/2021 0:00	$4,607.03	$456,095.95
wNXM	6/21/2021 0:00	$19,410.22	$1,921,611.47
wNXM	6/28/2021 0:00	$6,696.89	$662,992.18
wNXM	7/5/2021 0:00	$7,683.43	$760,659.65
wNXM	7/12/2021 0:00	$5,780.74	$572,292.80
wNXM	7/19/2021 0:00	$5,169.88	$511,817.88