The Bancor Network project announced on Nov. 17 that it had created a proposal that would implement a liquidity mining program for multiple assets, should the proposal pass.

• Like other liquidity mining programs, the BNT liquidity mining scheme is aimed at bringing both short and long term liquidity provision to Bancor’s pools
• The proposal outlines the reward distribution and bonus multiplier, as well as high-level descriptions of the program 
• The liquidity mining program will initially support the following 8 assets: ETH, WBTC, USDT, USDC, DAI, LINK, OCEAN and renBTC 
• The first 6 of those assets form the “Large-Cap Pools” will receive 100-200,000 BNT per week; the last 2, forming the “Mid-Cap” pools will receive 10,000–20,000 BNT per week
• Two new assets will be supported every two weeks, with the entire program lasting 72 weeks or 18 months
• The team estimates that $50-60M USD could be locked in Large-Cap Pools and $5-6M USD in Mid-Cap pools, with an APY of over 100%
• Users can already begin providing liquidity to proposed rewards pools as of Nov. 16, with retroactive rewards set to be distributed if and when the program officially launches
• The liquidity mining launch would follow the launch of Bancor 2.1, which introduced a single sided AMM and the governance token to Bancor