For those who don't know, @Bancor, the highest IQ AMM protocol in the entire space, is going to explode into the heavens at any moment 🚀.
A thread:
1. After a successful strategy of building rock-solid liquidity to minimize slippage, income from fees is soaring 🦅
1/
A thread:
1. After a successful strategy of building rock-solid liquidity to minimize slippage, income from fees is soaring 🦅
1/
There isn't much liquidity to go around. Over 75% of $BNT is staked on the protocol, and less than 6% is available on exchanges. This is AFTER @binance just stacked a huge buy.
Trading volume is up over 56% in the last 24 hours.
MCAP/TVL ratio is dumb low.
2/
Trading volume is up over 56% in the last 24 hours.
MCAP/TVL ratio is dumb low.
2/
The team has been delivering at an impressive pace. Recent additions include:
✅ Automated yield optimisation via @xtokenmarket
✅ Multiple fiat onramps e.g. @MoonPayHQ
✅Working demo on @arbitrum testnet
✅Undisclosed new feature which will change the way AMMs work.
3/
✅ Automated yield optimisation via @xtokenmarket
✅ Multiple fiat onramps e.g. @MoonPayHQ
✅Working demo on @arbitrum testnet
✅Undisclosed new feature which will change the way AMMs work.
3/
As followup uppercut to the stunner punch of liquidity incentives, @Bancor just announced trader incentives as well: exclusive #NFTs. 🚀🌕
>
>
https://twitter.com/Bancor/status/1389907886042648576
• • •
Missing some Tweet in this thread? You can try to
force a refresh
