The Bancorian | A Weekly Summary-September 12th 2021

This post was originally published on Bancor

🔥Bancor Vortex

The vortex continues burning vBNT and locking BNT in the protocol forever. This week we saw roughly ~85K in vBNT that was burned by the vortex.

| time | burnedamount |
| 9/5/2021 0:00 | 15674.62085 |
| 9/6/2021 0:00 | 5102.025767 |
| 9/7/2021 0:00 | 15087.82258 |
| 9/8/2021 0:00 | 21069.53259 |
| 9/9/2021 0:00 | 5271.034755 |
| 9/10/2021 0:00 | 11150.30059 |
| 9/11/2021 0:00 | 11640.22637 |
| Sum | 84995.5635 |

📊 Key Metrics

7-day total cumulative fee revenue: ~$1.8m

Left: Protocol Revenue (30 Days) Right: Price to Sales ratio (P/S)

🔌Integrations and Updates

  • Instadapp pool ($INST) was whitelisted last week and it is currently awaiting to be seeded. We expect that this pool will be funded very soon and we are excited to announce its activation as a whitelisted pool shortly.
  • Harvest Finance pool ($FARM) had its LM extended and it continues to be the highest volume $FARM pool in the DEX ecosystem. It is delivering good APRs to its stakers, make sure to take a look. Stake in the farm pool
  • Mask Network ($MASK) was whitelisted last week and that pool is currently growing. A bounty was deployed by Mask that would integrate Bancor directly into the Mask trading plugin. Stake in the MASK pool
  • iExec RLC ($RLC) pool was whitelisted last week and quickly became the deepest pool in the market (over 1.6m in depth as of writing). There is no more space at the moment for single sided deposits on the token side. There is currently a proposal to increase the fees on this pool from .1% to .2% in order to generate more fees for LPs. Stake in the RLC pool
  • Digitalax ($MONA) pool had a co-investment increase last week in order to add more space for single sided deposits. Current pool depth is sitting at around ~1.1m. Stake in the MONA pool
  • Marginswap ($MFI) pool was whitelisted last week and the pool has already grown to a depth of over ~500K. Stake in the MFI pool

💪Social Channels

💃BNT-LINK Tee Giveaway

Did you vote on the DIGITALAX proposal last week? The latest Bancor x Chainlink DRIP was given away to three voters 🆓

  • 0xF7A8dc8961687A60326Ae2b576B13822810F5A93
  • 0xCBE45F0Cf97298f4FfEfA6BCe55e6F29fbC03dF9

🎲Random Musings

Another week gone by, Bancorians keep on the grind in the social channels.

🎩Bancorians in the Wild

In the jungle, the mighty jungle…OK OK 😆 you know how it goes. Sometimes we can’t contain our big brains and must let loose

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