[Draft] Create an 80% BANK / 20% WETH Liquidity Pool on Balancer to improve $BANK Liquidity

[josephsavage]

It was pointed out in the prior discussion that an 80/20 liquidity pool on Balancer has already been created:

Improving $BANK Liquidity and Utility by creating a 80% BANK / 20% WETH Pool on Balancer Protocol

I already made an 80/20 BANK/WETH pool: Balancer. It is an Oracle pool with delegated swap fees (i.e., we can ask Gauntlet to manage the swap fee dynamically to optimize LP returns. I initially set the fee high because it’s low liquidity). So, one option is to just use this existing pool - and ask Gauntlet to manage fees + make a governance proposal for LP mining. Or if the community would rather have permanently fixed fees, I could withdraw from the current pool and create that one. I’d advis…

Unless there are serious drawbacks to Gauntlet’s dynamic fee-setting, I don’t see any advantage to recreating an 80/20 pool instead of formalizing the pool already created and moving into step 2 (Apply for the Tier 4 pool).