Bancor Update — Week of July 18, 2022

As discussed in last week’s update, Bancor’s recovery plans are taking shape and are currently focused on four key areas: Fee allocation — divert fees to restoring TKN reserves. Fee burning — optimize fee-burning parameters. Fee generation — expand fees from trading and deploy additional fee-earning strategies and products. Analytics — continual development of analytics … Read more

The Bancorian Brief |April 4th, 2022

We are planning to release the Bancor 3 code to the public within the next two weeks. The full code will be available on our Github and in conjunction with the code release, we are also going to be launching a $1m dollar bug bounty program. We are currently working with other projects to make … Read more

The Bancorian Brief | March 22nd, 2022

The current Bancor 3 smart contracts are under review by PeckShield with an estimated completion time in the first week of April. No major issues have been uncovered and the current focus is on the withdrawal logic which has some complex math involved. In addition to PeckShied, OpenZeppelin will start code review this week and … Read more

The Bancorian Brief | February 8th, 2022

🌀Bancor Vortex🔥 This past week, we saw roughly ~43K $vBNT that was burned by the vortex. At current $BNT prices (~$2.50) this equates to ~$107K worth of $BNT locked forever🔒 +—————-+————–+| time | burnedamount |+—————-+————–+| 1/31/2022 0:00 | 6884.716679 || 2/1/2022 0:00 | 5104.925711 || 2/2/2022 0:00 | 3050.832223 || 2/3/2022 0:00 | 8147.005899 || … Read more

The Bancorian | February 6th, 2022

In this week’s Community Call recording, Bancor shared the development updates above and answered questions from the community. Experimental stablecoin pool fees We’re running fee change experiments in the stablecoin pools to systematically challenge the incumbent opinion that low fees maximize trading volume. This stems from an imperfect understanding of where protocol revenue comes from; … Read more

The Bancorian | Jan 23 2022

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 … Read more

The Bancorian | Dec 20–26 2021

In this week’s Community Call recording, Bancor shared the development updates above and answered questions from the community. Additionally, the call featured BBS Network who outlined a proposal to onboard BBS Token on Bancor with external IL protection. BBS Network with Eyal “BBS is like a Reddit forum with moderators, now decentralized to run on … Read more

The Bancorian | Dec 13 – 19 2021

In this week’s Community Call recording, Bancor shared the development updates above and answered questions from the community regarding the upcoming features of Bancor 3 Phase I (Dawn). Mark’s insight into the OriginTrail community’s proposal Regarding the proposal to monitor and adjust the TRAC-BNT pool’s fee, Mark pointed out that research across all DEXs shows … Read more