The Bancor DAO is looking to raise the Co-Investment limit of the MANA-BNT pool to open up space for LPs on the MANA side to stake their tokens single sided with Impermanent Loss Protection. There is a proposal (Proposal: Increase Co-investment Limit to 500K BNT on MANA (Decentraland) Pool - DAO Archive (SUBMITTED) - Bancor Governance Forum) that has been brought up in our DAO to make this happen. We are looking to transfer ownership of this pool to the Bancor DAO so that we can upgrade the pool contract and proceed with bringing this vote to the DAO.
Transfer ownership of the MANA-BNT Pool to the Bancor DAO so that the pool contract can be upgraded.
The Bancor community will then vote to support a higher Co-Investment Limit for the MANA pool which will benefit MANA token holders.
MANA Token holders will be able to provide liquidity single sided with Impermanent Loss Protection.
We are not interested in getting liquidity to support the MANA token on Decentralized Exchanges.
We prefer MANA LPs to sell half of their tokens to LP 50-50 on other DEXes and not go long on MANA.
We prefer our LPs to suffer Impermanent Loss if MANA rises drastically.