Altcoins News

Story: Bancor V1 (BNT) for AMM V2 for LP Capital and V3 to Maximizes Passive Yield

By Dan Saada

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With Bancor decentralized liquidity will never be the same.

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Mark Richardson expressed:  The recent onrush of governance participation is amazing to watch, and an exceptionally well-timed upgrade to the Snapshot infrastructure now…

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In the past weeks, most votes showed that the Quorm wasn’t reached. There were no successful votes; however, the rewards got extended.

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Reportedly, they have had a second proposal for WBTC, Link, and stablecoin pools which passed with quorum this week.

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Talking about the BANCOR VOTE FIASCO Moonboy in Ocean:

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TLDR: Some whales are voting against the extension of BNT rewards on some of the major pools (WBTC, Stablecoins, LINK).

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Write another proposal for half the rewards (assuming the whales are concerned with excessive rewards/dilution).

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Rally all vBNT holders to stake and vote. There is 200mn BNT in existence yet only 13mn vBNT is staked and voting.

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For those who are new:  Bancor is a liquidity protocol that enables automated, decentralized exchange.

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Bancor allows users to trade and earn. Users will be able to trade tokens and earn interest on their favorite tokens on the Bancor decentralized exchange.

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For those who trade:  Fast, secure, trading at the best prices with no sign-ups or registrations.

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For those who are looking to earn:  Stake tokens to earn fees and rewards with impermanent loss protection.

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Bancor is the first decentralized trading protocol, which empowering traders, liquidity providers and developers to participate in an open financial marketplace with no barriers…

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Bancor is owned and operated by its community as a decentralized autonomous organization (DAO).

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