primalglenn.eth 🗿🦇🔊 Profile picture
Working on onchain trading @bancor @carbondefixyz | Everything is Awesome!!! Sometimes blockchain/web3/DeFi, other times EDM 🎶 and random 🧠
May 29, 2022 21 tweets 8 min read
An update on #Bancor 3. Where we are now and what's next

🧵👇 2/
There are plans on releasing the next 150+ pools in the upcoming weeks on #Bancor 3 🚢

Even though all pools can be released at once, there is still a bootstrapping process for each pool that requires some manual procedures🔧
Mar 21, 2022 9 tweets 5 min read
@Bancor #B3 beta going live in first week of April with four pools. $BNT, $ETH, $DAI, and $LINK.

140K in $BNT rewards have been set aside for incentivizing the beta which will last roughly 4 weeks. @Bancor /2
We are estimating that the first audit with @peckshield will be complete when the #Bancor B3 beta goes live in April.

At the same time we will begin our second audit with @OpenZeppelin shortly after.
Jan 7, 2022 10 tweets 7 min read
I have seen a lot of large $LINK stakes come through recently on @Bancor this week. PSA, If you are an LP in another AMM, as the price of $LINK starts to run up against $ETH you will end up with less $LINK and more $ETH (the less valuable TKN)

A short 🧵👇 2/
The Uni V2 $LINK - $ETH pool is the second largest by depth on Ethereum (~23m ATM). LPs in the past 30 days, are down by ~22%❗after you subtract the loss due to IL from the fees collected.

More recent LPs are down as much as ~50%‼