Damn big_grill comin in hot
>I will vote AGAINST this proposal. This proposal only benefits the holders of ROOK to the detriment of holders of BNT. And in fact this is true of all the proposals made by Cryptomessiah so I think it’s about time he gets grilled for this.
>Rook has higher volume today on bancor than Aave, Ocean, Renbtc, and Wnxm… which all have LM rewards.
>This measurement makes no sense. You know why? Because all of ROOK liquidity is already in bancor. Let’s use a beter measure: liquidity in the pool vs total liquidity
ROOK $11,959,818/$12,653,051 = 95 %
AAVE $21,568,701/$4,111,250,386 = 0.5%
OCEAN $17,787,483/$352,157,355 = 5%
RENBTC $17,750,555/$833,116,442 = 2%
>This means the rewards will not be used to attract more liquidity, and the volume of trades is not going to increase either. Worst of all you’re taking BNT holders as hostage just to keep your token in the pool. I suggest you find a different pool for your tokens and honestly I’m surprised such a smallcap ponzi token made it into bancor at all.