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

[chickaboom]

💸 BNT liquidity mining rewards are live! 💸

Users can now view, withdraw & stake BNT rewards to compound yield 👉 http://ban.cr/Rewards

Staking rewards earns additional swap fees + $BNT rewards, which can also be staked.

Details: https://bancor.medium.com/how-to-stake-bnt-liquidity-mining-rewards-compound-yield-2ad40b45c002

https://twitter.com/Bancor/status/1354421457087033349?s=20

[Seunex]

Within 24h of BNT rewards launching, 84% of redeemed rewards were re-staked to Bancor pools.

Read more on this here:

https://twitter.com/Bancor/status/1354811933510127617?s=20

[obsbtc]

Looking for a juicy farm? Bancor governance has voted to continue BNT rewards on the following pools: ETH, LINK, WBTC, USDC, USDT, DAI, SNX, AAVE, YFI, OCEAN, REN, renBTC

Average APY: BNT ~ 133% ERC20 ~ 36%

https://twitter.com/Bancor/status/1355905884132679681?s=20

[obsbtc]

Over $70m staked since BNT rewards went live last week!

LPs compound their yield by re-staking rewards to earn more swap fees + rewards. BNT staked in rewards pools is currently earning 130% APY on average

https://twitter.com/Bancor/status/1355973087553073155?s=20

[heelanwa]

https://twitter.com/Bancor/status/1356211273348866049?s=20

Bancor is quickly becoming a go-to source for $LINK swaps as #LinkMarines realize the power of single-sided pools with impermanent loss protection.

Bancor's $LINK pool now accounts for 20% of total LINK AMM volume (up from 4% a month ago), with ~$90M in liquidity & rising.

[Seunex]

Bancor is thrilled to announce that work is underway on a cross-chain bridge to expand Bancor to Polkadot.

The bridge is being built with LiquidAppsIO & enables lightning fast cross-chain swaps between ERC20 & DOT tokens.

You can read more here:

https://twitter.com/Bancor/status/1356267641040732161?s=20

[Seunex]

"To implement the transfer of Bancor's BNT token from the Ethereum blockchain to Polkadot and vice versa... Bancor makes use of the interoperability solutions developed by LiquidApps.

Have a read on this here: https://twitter.com/LiquidAppsIO/status/1356617751444520962?s=20

[Seunex]

Voting is live for BIP9 "Bancor Vortex"

Vortex aims to strengthen BNT fundamentals by:

🌪 Creating new revenue streams for LPs staking $BNT
🌪 Adding a fee for IL insurance
🌪 Deepening network liquidity

Read more on how to vote here: https://twitter.com/Bancor/status/1356629669144051714?s=20

[Seunex]

Starting Feb. 8, NXM holders who stake on NexusMutual to provide cover for Bancor LPs will earn BNT rewards!

In tandem, Bancor governance proposes BNT rewards on the wNXM Bancor pool—enabling NXM shield miners to compound BNT rewards.

Check out the news here: https://twitter.com/Bancor/status/1357368223931518976?s=20

[obsbtc]

The proposal for Bancor Vortex has reached quorum!

https://gov.bancor.network/t/bip9-proposing-the-bancor-vortex/354

Vortex will soon give users the ability to borrow against their staked BNT via vBNT and provide leveraged liquidity on the protocol
https://twitter.com/Bancor/status/1357772391150157825

[ijd_crypto]

🚰 Alpha Leak 🚰

There is now space in the #Ethereum pool on http://bancor.network for 1,347 $ETH.

💰 APY for staking on the $ETH side of the pool is currently 18.58%.

Stake $ETH single-sided while earning IL protection, swap fees & $BNT rewards 👉 http://ban.cr/StakeETH

[Seunex]

BNT shield mining is live on NexusMutual

🛡️ How to stack yield & insurance 🛡️

1. Provide cover on Nexus: https://app.nexusmutual.io/staking/new/add-projects…
2. Earn BNT rewards
3. Add BNT to Bancor's single-sided wNXM pool: http://ban.cr/StakeNXM
4. Earn fees & (pending governance) more BNT rewards

You can read more on this here:https://twitter.com/Bancor/status/1358825319919157249?s=20

[Boqueron]

A proposal to boost single-sided capacity in the $ETH $LINK $AAVE $SNX $WBTC $YFI $REN $renBTC & $OCEAN pools is live on-chain.

The proposal aims to significantly increase TVL, volume & protocol revenue

Vote
http://vote.bancor.network

Proposal:
https://gov.bancor.network/t/protocol-co-investment-caps-increase/485

https://twitter.com/Bancor/status/1359136031308734466?s=20

[Seunex]

Hey guys!!
Here's a new proposal Proposing BNT liquidity mining rewards on the wNXM pool.

Activating rewards will enable users to "HODL & LP" their wNXM —earning swap fees with single-sided exposure & IL protection—while earning BNT rewards.

Please go here to vote: vote.bancor.network

Also, read the announcement on Bancor's Twitter here: https://twitter.com/Bancor/status/1359160211605495818?s=20

[Seunex]

Earliest implementation of constant product market makers by Bancor co-founders, More than 3 years later, still hacking on AMMs harder than ever.

https://twitter.com/bancor/status/1359258095088766978?s=21

[Seunex]

Check out the Bancor monthly progress update for the month of February here:

https://twitter.com/Bancor/status/1359869894456672261?s=20

[Dalib]

Great to see Bancor added to cryptofees.info
#9 crypto project by fees at $68K/day & rising!

Fees are paid to liquidity providers & burned for BNT

[obsbtc]

wNXM has been approved for BNT liquidity mining rewards!

10-20K BNT per week for 12 weeks
APYs subject to change as liquidity grows

Welcome Nexus Mutual!

Staking guide: https://bancor.medium.com/how-to-stake-earn-nxm-on-bancor-v2-1-178b4c447888

https://twitter.com/Bancor/status/1360260735419449345

[DutchFinity]

bDIGG & bBADGER have been proposed to receive single-sided liquidity & IL protection on Bancor v2.1

Digg into the whitelisting proposal: https://gov.bancor.network/t/proposal-to-whitelist-badger-sett-tokens-bbadger-and-bdigg/544

On-chain vote is live: http://vote.bancor.network

bDIGG & bBADGER pools live Right pointing backhand index http://bancor.network

[obsbtc]

Liquidity mining in Bancor's single-sided pools creates a positive feedback loop.

BNT rewards are sent to liquidity providers, who recycle the liquidity into new, high-yielding pools.

84% of redeemed $BNT rewards have been re-staked to Bancor protocol: https://duneanalytics.com/nutella/bnt-rewards-by-snek

https://twitter.com/Bancor/status/1360975546126127119?s=20