[ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem

[heelanwa]

Excited to share the first report of WEF's Global Future Council on Cryptocurrencies featuring Bancor ($BNT) among 30 leading use cases of #cryptocurrency powered networks!

Open book Read the report: https://twitter.com/Bancor/status/1339885599256436736

[heelanwa]

📣 Bancor is hiring! 📣
https://twitter.com/bancor/status/1339903240993947649?s=21

Seeking devs & designers from anywhere in the 🌍 to fill the following roles:

👩‍🎨 UX/UI Designer: http://ban.cr/UIUX
👨‍💻 Backend Dev: http://ban.cr/BackendDev
👩‍💻 Frontend Dev: http://ban.cr/FrontendDev

Think you've got what it takes? Apply!

[heelanwa]

🗳 BIP8 — a proposal to increase insurance limits on $ETH & $LINK liquidity pools — has been approved by Bancor governance with a 70.96% majority vote & 52.28% quorum.

https://twitter.com/Bancor/status/1339927235268997126?s=20

[Boqueron]

2 days left to vote on Discord for next tokens to receive $BNT liquidity mining rewards!

Top 6 tokens move to on-chain voting.

Vote: https://t.co/3oYePXeoLa

https://twitter.com/Bancor/status/1339932128054824961?s=20

[chickaboom]

We recently shipped a smart contract update that significantly reduces gas costs on staking & swaps.

⛽️ In the example above, the gas on a USDC 🔁 YFI swap is reduced by 36%!

https://twitter.com/Bancor/status/1340649374288916481?s=20

[obsbtc]

Vote on-chain for next tokens to receive BNT liquidity mining rewards!

2 tokens with most YES votes + 66.7% majority will be approved for rewards.

https://twitter.com/Bancor/status/1340658305518219264?s=20

[darko_amazix]

Wondering how the Governance part of Bancor was set up? Here's a deep dive into it!

https://twitter.com/Bancor/status/1341048093387726848

[darko_amazix]

The insurance limits on the ETH pool have been officially increased!
This opens up space for over 5,000 additional ETH to be staked.

More on that here:
https://twitter.com/Bancor/status/1341065254516756483

[darko_amazix]

Analysts are sharing record-breaking figures on Bancor protocol growth this month!

https://twitter.com/tradethechain/status/1341431702003003395?s=20

[darko_amazix]

Limits have been officially increased on the LINK pool!!

Find out more:

https://twitter.com/Bancor/status/1341440686814597123

[Boqueron]

Impermanent loss is one of the biggest drawbacks of AMMs.

With Bancor v2.1, LPs can protect themselves against impermanent loss while earning swap fees on http://bancor.network.

Nate Hindman explains how in @bankless: https://newsletter.banklesshq.com/p/how-to-protect-yourself-from-impermanent

https://twitter.com/Bancor/status/1342054914034425857

[heelanwa]

$SNX has been selected as one of the next tokens to receive $BNT liquidity mining!

Once the $SNX pool receives $400K USD in liquidity, it can start receiving 10K–20K $BNT in rewards per week.

Staking & stats: http://bancor.network

Check out the staking guide and more details: https://twitter.com/Bancor/status/1342406788684124160

[chickaboom]

The Synthetix (SNX) pool has crossed the $400K liquidity threshold!

This activates:
* 12 weeks of $BNT rewards
* 1M $BNT for impermanent loss insurance

Current APY (subject to change):
446.56% on $BNT side
166.20% on $SNX side

Staking here: http://bancor.network

https://twitter.com/Bancor/status/1343512899038412800?s=20

[darko_amazix]

AAVE was selected as the next token to receive BNT liquidity mining!

Once the AAVE pool receives $400K USD in liquidity, weekly BNT rewards get activated as well as 1M BNT of impermanent loss insurance.

More here:

https://twitter.com/AaveAave/status/1343577978131931138?s=20

[darko_amazix]

🚨 Per BIP8, the limits on ETH pool have been increased, opening up more space for single-sided ETH deposits

Stats on bancor.network

ETH pool staking available here: https://app.bancor.network/eth/protection/stake/add/single/0xb1CD6e4153B2a390Cf00A6556b0fC1458C4A5533

[darko_amazix]

The Aave pool on Bancor is close to unlocking BNT liquidity mining rewards!

Once $400K is staked, BNT rewards get activated!

Have you staked already?
https://twitter.com/Bancor/status/1343928016469188611?s=20

[darko_amazix]

Here's a rundown of what's been happening on Bancor since v2.1 went live!

https://twitter.com/Bancor/status/1343961927660273665

[obsbtc]

Hop into single-sided reward pools on Bancor to earn:

- BNT rewards on either side of the pool
- impermanent loss insurance
- swap fees while maintaining 100% exposure to the token of your choice.

https://twitter.com/Bancor/status/1344281773010726914?s=20

[Boqueron]

The $ETH pool on Bancor is expanding — now at over $30M — with space for over 5K $ETH!

LPs enjoy single-asset exposure & impermanent loss insurance + $ETH swap fees + $BNT rewards APY:  28.97% on $ETH side 
165.81% on $BNT side + swap fees

https://twitter.com/Bancor/status/1344634589550149633?s=20

[Boqueron]

The @AaveAave pool on Bancor has crossed the $400K liquidity threshold & 12 weeks of $BNT rewards has been activated!

Current APY:
Money bag 184.17% on $AAVE side
Money bag 468.91% on $BNT side
+ Swap fees

Stake single-sided with impermanent loss insurance - http://ban.cr/StakeAAVE
https://twitter.com/Bancor/status/1344605455482576897