but to be fair its the uniswap v1 chart so thats why the volume looks shit KEK
v1 chart goes back longer tho
v2 vols definitely looks better
so in fairness here's v2
in ETH terms it looks like it has been in a bear market since it peaked in early 2019 during the infancy of on-chain yield-seeking (i rmb "yield farming" on Nuo for 30%+ yields)
seems like it wants to go back to the price when the collation of VCs entered in late 2017
somewhat related, as it is another "OG" "defi" "blue chip" is augur
what. the. fark.
99.99% of all existing augur holders are in losses in ETH base
pretty amazing tbh
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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