🚨 🎙 Check out this week’s Twitter Spaces AMA lineup! Mark your calendars and keep an eye out for the reminder links- posted in response to each announcement as we get closer to the AMA! 🎙 Join us as we discuss balancing risk & reward in DeFi and automating yield farming strategies with special guests @smokatokey of @harvest_finance and @LinkSemper of Bancor!

🗓 Monday, Apr 11

⏰ 8PM EST / 5PM PST

Bancor 3 features deep dive 🔎

Let’s talk about auto-compounding and why users are so excited about it ❤️

👇 1/ Currently, as a liquidity provider, you need to manually re-add collected $BNT rewards to a pool to increase your staked liquidity.

The gas cost for re-staking rewards reduces your overall returns.

Bancor 3 features deep dive 🔎

Let’s talk about Omnipool 🌌

One of the fundamental changes coming to Bancor 3, reducing costs and removing friction for both traders and stakers 👇 1/ The problem:

Today, there is a separate $BNT pool for each trading pair, e.g., $ETH / BNT, $LINK / BNT etc.

Omnipool holds all tokens, each paired with a single source of $BNT

Why is it such a big deal?

Introducing Bancor 3 Bancor 3 is our biggest proposed update to date.

It is a radical redesign that makes it even easier and cheaper for users to earn on their favorite tokens.

Below we’ll share key features and how they lay the groundwork for a New Day in DeFi.

📜 14 active proposals live in Bancor gov!

⏰ 24 hours to go

🗳 Get out & vote 👉 vote.bancor.network Whitelists:

📄 @SushiSwap: vote.bancor.network/#/bancornetwor…

📄 @linkpoolio: vote.bancor.network/#/bancornetwor…

📄 @1inchNetwork: vote.bancor.network/#/bancornetwor…

📄 @CreamdotFinance: vote.bancor.network/#/bancornetwor…

📄 @smartcredit_io: vote.bancor.network/#/bancornetwor…

📄 @LidoFinance: vote.bancor.network/#/bancornetwor…

🏆 Announcing the final round of #NFT trophy winners in the Bancor trading competition—selected randomly out of the top 20 trades in each category using @chainlink VRF

Trophies will be sent to winners from Bancor's official
@opensea account: opensea.io/accounts/bancor

Winners 👇 🐮 High Volume Bancor Bull  🐮

Winner: 0x649e74B1CEbAfe73250b5bd1416DC3C9040680ac

Winning Transaction: 0xdda4cd9373c40dfdc014840e36c59e122344669442c95886df5d3dfb10bee091

Trophy: opensea.io/assets/0xd07dc…

The $BNT price is hitting all-time-highs relative to $vBNT

Why?



Because more & more users are borrowing against their staked $BNT by selling their $vBNT for other tokens on the network.

This demonstrates the tremendous demand for leveraged liquidity on Bancor. LPs who sell their $vBNT on bancor.network are effectively taking an interest-free loan against their staked $BNT, with zero risk of liquidation.

🔥 The Bancor Vortex $vBNT burner is LIVE 🔥

As of today, 5% of all swap fees on Bancor will be used to buy & burn vBNT!

🔒 Burned $vBNT = $BNT locked in Bancor forever

⚡️ As swap volume rises, burning accelerates, increasing TVL & reducing the circulating supply of $BNT

👇 At a high level $vBNT burning is designed to:

🔥 Increase TVL: with every swap, fees are permanently locked in the protocol

🔥 Reduce $BNT circulating supply: $BNT is continuously removed from circulation forever

🔥 Lower risk for users who wish to borrow against staked $BNT

1/ Bancor v2.1 passed the community vote earlier today & is now live on Ethereum mainnet!

Finally, LPs can stake with single-sided AMM exposure - while earning fees & protection from impermanent loss.

Stake at: ban.cr/protect

Guide: blog.bancor.network/guide-single-s… 2/ $REN is among the first protected pools live, with 60+ pools going live in the coming days.

When adding liquidity to the pool, choose between 100% exposure to $REN or 100% exposure to $BNT:

Today we are thrilled to announce Bancor Protocol’s 2nd major version — #BancorV2.

Full specs will be shared leading up to V2's planned release in Q2 2020.

📚 Learn more: ban.cr/V2

👇 Thread 👇 1/ #BancorV2 introduces:

⛓ A new AMM liquidity pool integrated w/@chainlink that eliminates impermanent loss

💧 The option to provide liquidity with 💯% exposure to a single token

🎢 A more efficient bonding curve that reduces slippage

💱 Support for #DeFi lending protocols