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

[obsbtc]

Bancor's December highlights have been released, including a peek into what's upcoming!

https://twitter.com/Bancor/status/1344719728561020930?s=20

[obsbtc]

The Bancor V2.1 Meme Contest has concluded!

Head over to Bancor’s Discord server to vote for your favorite submissions in the #meme-contest-voting channel --> https://discord.gg/DFMJReazGg

- Bancor community will vote for 1 winner.
- Bancor team will select additional winners.

1,000 BNT in prizes will be divided amongst the winners!

Poll ends Thursday, January 7th  at 12:00 PM Zug time.

[heelanwa]

Bancor is currently exploring the development of a cross-chain bridge to Polkadot!
https://twitter.com/polkadotnews/status/1346016100895567872

[chickaboom]

Catch Bancor's Head of Growth, Nate Hindman, for an AMA at Panteraico!

⏰ When: Tomorrow, Tuesday, January 5th @ 11AM GMT
🌏 Where: http://t.me/panteragroup

https://twitter.com/Bancor/status/1346054372569067523?s=20

[obsbtc]

Bancor contracts have deployed on Arbitrum testnet! Swaps on ETH L2 are faster, lower latency & 50x cheaper!

https://twitter.com/Bancor/status/1346127865067294730?s=20

[heelanwa]

🏛 Voting on BIP10 is live in Bancor governance 🏛

BIP10 proposes updating liquidity mining to an ad-hoc system. Enabling gov to propose $BNT rewards on any token that meets whitelisting criteria at any time.

📜 Details: http://gov.bancor.network/t/bip10-ad-hoc-liquidity-mining-lm-program/345

🗳 Vote: http://vote.bancor.network

[heelanwa]

https://twitter.com/Bancor/status/1348577175381946368

Single-sided liquidity & IL protection is live on the $BNT pool on http://bancor.network

Earn $BNT rewards + swap fees w/ IL protection

https://twitter.com/Bancor/status/1348577175381946368

[heelanwa]

Three months after Bancor launched single-sided liquidity & impermanent loss protection, we have released a report analyzing the growth and overall health of the protocol.

📃 Read the report: https://medium.com/@bancor/bancor-v2-1-protocol-health-report-january-2020-83338c904de0

Highlights: https://twitter.com/Bancor/status/1348971508975214596?s=20

[Seunex]

Bancor's approach to solving impermanent loss appears to be bearing fruit for the protocol and BNT token holders respectively.

Read more here: https://twitter.com/Cointelegraph/status/1349018430121398273?s=20

[obsbtc]

Bancor governance has proposed a new mechanism to strengthen BNT fundamentals.

The "Bancor Vortex" seeks to:
- Add a small fee that charges LPs for IL insurance
- Create new revenue streams for LPs staking $BNT
- Deepen network liquidity

Check on how it works below:

https://twitter.com/Bancor/status/1349039254337425410?s=20

[heelanwa]

Mike Novogratz tweets @Bancor commenting on the latest report analyzing the growth and overall health of the protocol.

https://twitter.com/novogratz/status/1349685342849392641?s=20

[mrgdizzle]

How does every see Bancors growth for the future as an investment? I know the new version is relatively new, how is bancor set to increase its daily volume and become the best in its field and a more valuable asset? Would be great to get to the level of sushiswap / uniswap.

[Boqueron]

How does every see Bancors growth for the future as an investment? I know the new version is relatively new, how is bancor set to increase its daily volume and become the best in its field and a more valuable asset? Would be great to get to the level of sushiswap / uniswap.

We'll let others do any speculating, but Bancor is well poised for organic growth, being the only solution in the DeFi space with no impermanent loss and single sided staking (no ETH required). Liquidity mining offers huge rewards too. See rewards offered on current liquidity mining pools: app.bancor.network/eth/data

[mrgdizzle]

How does every see Bancors growth for the future as an investment? I know the new version is relatively new, how is bancor set to increase its daily volume and become the best in its field and a more valuable asset? Would be great to get to the level of sushiswap / uniswap.

We'll let others do any speculating, but Bancor is well poised for organic growth, being the only solution in the DeFi space with no impermanent loss and single sided staking (no ETH required). Liquidity mining offers huge rewards too. See rewards offered on current liquidity mining pools: app.bancor.network/eth/data

Are you currently staking? I have some BNT I'm not sure if its currently worth staking

[obsbtc]

Since Bancor v2.1 launched TVL has grown 1000%, driving $4.48M in annualized fees.

The value of fees earned by the protocol is 5X higher than the cost of IL protection.

https://twitter.com/Bancor/status/1349764811253538819?s=20

[Boqueron]

How does every see Bancors growth for the future as an investment? I know the new version is relatively new, how is bancor set to increase its daily volume and become the best in its field and a more valuable asset? Would be great to get to the level of sushiswap / uniswap.

We'll let others do any speculating, but Bancor is well poised for organic growth, being the only solution in the DeFi space with no impermanent loss and single sided staking (no ETH required). Liquidity mining offers huge rewards too. See rewards offered on current liquidity mining pools: app.bancor.network/eth/data

Are you currently staking? I have some BNT I'm not sure if its currently worth staking

Yes, and it's definitely worth it for BNT holders. According to current APR, you'll 2.5x your BNT holdings over the course of the year based on the APR some pools get, if you just keep an eye on the end date of each pool's participation in LM.

Conversion volume is increasing too, so APR from non-mining rewards is ramping up as well. Stay in a minimum of 100 days and there's no impermanent loss risk, so you'll withdraw your BNT + tx fees earned + rewards from liquidity mining.

[chickaboom]

BNT holders currently earn around 25% of swap fee revenue generated by the Bancor protocol.

How?

The protocol co-invests BNT alongside LPs — eg, a $100K deposit of LINK triggers 100K of BNT emissions into the LINK pool.

These emissions earn swap fees burned for BNT


https://twitter.com/Bancor/status/1350759905746149380?s=20

Since these mechanics went live, BNT holders have earned over $300K USD.

📃 More in Bancor's recent protocol health report:  https://blog.bancor.network/bancor-v2-1-protocol-health-report-january-2020-83338c904de0

[obsbtc]

Bancor is capturing an increasing share of swap volume from other AMM protocols on key tokens like LINK & REN

https://twitter.com/Bancor/status/1351185316770684928?s=20

[Boqueron]

Support the whitelisting of @stasisnet (EURS) on @Bancor!

https://twitter.com/stasisnet/status/1351411593314230275?s=21

[Seunex]

📣 Crypto Society will be hosting an AMA with BANCOR @cryptosocietyy on Wednesday, January 20th at 20:00 CET (GMT +1) 

➡️About
Bancor is an on-chain liquidity protocol that enables automated, decentralized exchange on the Ethereum and across blockchains.
It allows users to convert different virtual currency tokens directly and instantly instead of exchanging them on cryptocurrency exchanges
The Bancor Network is a set of smart contracts that manages the conversion flow between tokens, including tokens on different blockchains. These contracts also manage access to the liquidity pools that connect the different tokens in the network.

Relevant Links 

⚜️ BANCOR Website : https://blog.bancor.network/
https://app.bancor.network/eth/data
⚜️ BANCOR Telegram: https:/[Suspicious link removed]/ONqIKSSgbR?amp=1
⚜️ BANCOR Twitter: https://twitter.com/Bancor

⚜️ Crypto Society Twitter : https://twitter.com/cryptosocietytg
⚜️ Crypto Society Chat: https://t.me/cryptosocietyy