Next up at #SmartCon is a keynote presentation from @MBRichardson87 from @Bancor
Will be exploring Bancor's past and future
Bancor v2 (April 2020) used #Chainlink
Chainlink price oracle data helped rebalance the weight of the pool
Chainlink oracle to unstake and restake liquidity in range in each block
Was a beautiful AMM design, but oracle data reflected the past
Opportunists could unbalance the pools, fundamental of blockchain design
New ways for this model to be improved, study the past
Never stopped collaboration with #Chainlink on this model
Future implementations of this protocol on other chains
Bancor and Chainlink community stayed close
Bancor v2.1 was released, didn't use Chainlink but communities stayed around
$LINK holders "wagmi" and "DR'NS"
Status quo means you lose exposure to LINK as the value rises (maximum 50% Chainlink in normal AMM diesngs)
Don't need to lose exposure with $LINK in Bancor v2.1, community stayed close
If $LINK goes up, but other token doesn't, you lose exposure
Impermanent loss in status quo DEXs (Sushiswap data LINK/ETH pool)
Lose money compared to just HODLing
Bancor insures your IL in v2.1
$255M in $LINK liquidity with 11% APY
Now about the future of @Bancor
Bancor v3 breadcrumbs 👀
Capital Efficiency
Blowing up the curve doesn't mean it's more efficient (A = 2)
Less slippage on trades but liquidity provider pays more
Efficient for whom is it more efficient? Not for LPs
Open question that Bancor v3 addresses
$LINK holders excited to stake their tokens
Stake or LP on Bancor?
With Bancor v3 you can explicitly stake and LP at the same time !!
Community driven initiative
Superfluid collateral
@Bancor is excited to be working with the @Chainlink Labs team on v3
Chainlink Keepers will be integrated in @bancor V3
Just the beginning of how Chainlink will be used in Bancor
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