An ecosystem of DeFi protocols that foster onchain trading and liquidity. @carbondefixyz
💬 https://t.co/XpZ73UshzP
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Apr 10, 2022 • 5 tweets • 5 min read
🚨 🎙 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
Dec 23, 2021 • 6 tweets • 2 min read
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.
Dec 15, 2021 • 5 tweets • 2 min read
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?
Nov 29, 2021 • 17 tweets • 5 min read
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.
🏆 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
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.
Apr 4, 2021 • 6 tweets • 2 min read
🔥 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
Oct 18, 2020 • 7 tweets • 3 min read
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.