# \[Consensus Check\] Move SFI Buy-Back to Bancor in exchange for LM rewards in the SFI/BNT pool

**URL:** <https://gov.saffron.finance/t/consensus-check-move-sfi-buy-back-to-bancor-in-exchange-for-lm-rewards-in-the-sfi-bnt-pool/152>\
**Category:** Stage 2: Consensus Check\
**Created:** [January 24, 2022, 6:44am UTC](https://gov.saffron.finance/t/consensus-check-move-sfi-buy-back-to-bancor-in-exchange-for-lm-rewards-in-the-sfi-bnt-pool/152 "2022-01-24T06:44:30Z")\
**Posts on this page:** 3\
**Page:** 1

<div class="post-metadata">

**Author:** ![turpintinz](https://dub1.discourse-cdn.com/flex017/user_avatar/gov.saffron.finance/turpintinz/32/13_2.png) [@turpintinz](https://gov.saffron.finance/u/turpintinz)\
**Post date:** [January 24, 2022, 6:44am UTC](https://gov.saffron.finance/t/consensus-check-move-sfi-buy-back-to-bancor-in-exchange-for-lm-rewards-in-the-sfi-bnt-pool/152/1 "2022-01-24T06:44:30Z")

</div>

## SFI - Saffron Finance - Liquidity Mining Proposal and SFI Buy-Back

 ![](https://europe1.discourse-cdn.com/flex017/uploads/saffron/original/1X/b31c6f94aa08f8ce3e069adbb5ebe6dbcfb81490.png)

**Previous [temperature check](https://gov.saffron.finance/t/temperature-check-move-sfi-buy-back-to-bancor-in-exchange-for-lm-rewards-in-the-sfi-bnt-pool/145)**

**[Snapshot proposal for voting](https://snapshot.org/#/saffronfinance.eth/proposal/0xe673c30643188971341b05e915b1e41670aa559f090be39230c4ffadbe6a3173)**

# TL;DR

- Proposal to move the SFI buy-backs to Bancor, in exchange for LM of 2,500 BNT per week (5,000 BNT with multiplier) for 8 weeks.
- This proposal’s execution is conditional on the LM rewards proposal on the Bancor governance passing.

# Justification

SFI was white listed recently by the Bancor DAO (August 19th) (link: [Proposal: Whitelist Saffron Finance (SFI) with 250K Co-Investment - DAO Archive (SUBMITTED) - Bancor Governance Forum](https://gov.bancor.network/t/proposal-whitelist-saffron-finance-sfi-with-250k-co-investment/2735))

- SFI Buy-Back. The response from the Bancor platform, DAO, and community has been positive regarding the inclusion of SFI as a whitelisted asset. If a buy-back of SFI tokens is authorized by Saffron governance then it should be executed on-chain where the most organic liquidity is found.

- TVL. As noted above, we would like to prioritize Bancor for executing the buy-back, and TVL is important to incur the smallest price impact as possible. In exchange for prioritizing the Bancor AMM for any purchases of SFI on-chain, the Bancor network will issue 2500 BNT per week in LM rewards for the SFI/BNT pair.

Initial Stages of Development

This proposal is an initial introduction to the idea of having an ongoing partnership between the Saffron and Bancor governance communities and is the first major step towards putting the Saffron treasury to work on Bancor. Due to the successful governance proposal in the past we expect our future collaboration to have similar positive outcomes for SFI and BNT holders.

Disclaimer: The decisions made in this proposal are subject to change in future governance votes. However, until another governance vote is made to cancel these actions, the outcome of this proposal is binding and will be followed out as strictly as possible given current market conditions.

Vote FOR: Move SFI buy-backs to Bancor in exchange for LM rewards in the SFI/BNT pool

Vote AGAINST: Make no change

---

<div class="post-metadata">

**Author:** ![tfns](https://avatars.discourse-cdn.com/v4/letter/t/e95f7d/32.png) [@tfns](https://gov.saffron.finance/u/tfns)\
**Post date:** [January 24, 2022, 11:32am UTC](https://gov.saffron.finance/t/consensus-check-move-sfi-buy-back-to-bancor-in-exchange-for-lm-rewards-in-the-sfi-bnt-pool/152/2 "2022-01-24T11:32:53Z")

</div>

Thank you for posting this, exciting to see how the voting turns out!

 ![image](https://europe1.discourse-cdn.com/flex017/uploads/saffron/original/1X/a95e50e35170233d38349d2d1644ddc8f83f8353.png)

SFI holders can get 192.17% APR on Bancor right now 👀

---

<div class="post-metadata">

**Author:** ![psykeeper](https://dub1.discourse-cdn.com/flex017/user_avatar/gov.saffron.finance/psykeeper/32/8_2.png) [@psykeeper](https://gov.saffron.finance/u/psykeeper)\
**Post date:** [January 29, 2022, 9:12pm UTC](https://gov.saffron.finance/t/consensus-check-move-sfi-buy-back-to-bancor-in-exchange-for-lm-rewards-in-the-sfi-bnt-pool/152/3 "2022-01-29T21:12:40Z")

</div>

I fully support this proposal - it appears to have closed successfully with only YES votes as well. Looking forward to the Saffron treasury executing its swaps on Bancor.