In this week’s Community Call recording, Bancor shared the development updates above and answered questions from the community. Additionally, the call featured DerivaDEX whose Token $DDX was recently onboarded on Bancor.
Fee change experiments
We have been raising trading fees in pools recently and monitoring the impact this has on both trading volume and fees earned. The TRAC pool has seen incremental increases and decreases in trading fees, and the three stablecoin pools have each had different trading fees. In both cases, we have seen increases in fees earned in spite of falls in volume, strengthening our hypothesis that higher trading fees are conducive to more profits for LPs.
It is also worth noting that with infinity pools allowing for deeper liquidity in Bancor 3, higher fees will be nullified on the trader’s part by much lower slippage.
The charts below show the TRAC pool fee change experiment. This includes the average daily volume, market share (on Ethereum) and the fees accrued. The maximum time frame (with an equal duration on either side) was used for calculations.
A message from Rick, our new Events Manager
As part of efforts to get the message out regarding Bancor 3’s upcoming launch, we will have a strong presence at upcoming events that make sense for us strategically, including ETHDenver in February. We are also working on a community engagement strategy to allow the community to help with disseminating information on Bancor 3.
Ainsley from DerivaDEX
“Until now, traders have had to choose between performance and security. Centralized exchanges offer strong liquidity and products, but at the expense of user control. Decentralized exchanges give control to users, but compromise on usability.
DerivaDEX is a new kind of exchange with key performance advantages, including a real-time price feed, fast trade resolution, and a competitive fee structure.”
- Are there tokens you’re holding that we should whitelist on Bancor? DM @FoxSteven about it or connect us with any community leaders/core contributors on the project. Steven leads all our BD efforts and will connect with the team and work with them to get whitelisted or build a deeper pool.
- We have content grants active at all times. Any users that want to create videos or guides, please reach out to Nate Hindman (@NateHindman on Twitter or telegram).
- We have analytics grants. If you want to work on Bancor data projects or if you are good with working on blockchain data and APIs, we can always use your help!
- As always, we have rolling developer grants for those who want to build and innovate on Bancor’s infrastructure.