i may actually be retarded because i have no idea how the bancor single side LP with IL protection can logically make sense in the long run
the fees captured by the pools within the 100 day period has to offset any losses, or else $BNT goes brrr to cover
doesnt seem sustainable
i suppose the theory behind it is to bootstrap in enough liquidity and gain critical mass so that the fees earned by the system will offset the insurance costs
their model projects ~3 months BE, so there's why there's the 100 days to full protection "catch" for LPs
fwiw
i hold 0 $BNT
i have about 20,000 USDC trying out their liquidity protection thingy
already down 0.25% lel
if current trajectory keeps up, i should be down about 3.5% / -$750 by the end of the 100 day period
• • •
Missing some Tweet in this thread? You can try to
force a refresh