Thread by @NateHindman

Single-sided liquidity pools change the game for liquidity mining rewards programs, since they introduce novel re-staking functionality.

Broke: Dual-sided pools where an LP earns mining rewards, but can re-stake them to the protocol only by selling some of the tokens or pairing them with additional capital.

Bespoke: Single-sided pools where an LP earns mining rewards, which they can then re-stake in the pool and *compound gains* without selling any rewards or adding new tokens.

Rinse, repeat, automate 🤖💧🤖

This creates a positive liquidity loop that’s only currently possible in @Bancor.

And $BNT liquidity mining rewards are coming any day now :)

👀 bancor.network 👀