Hello. Is there any risk for vortexed positions with the

Question

Bancor Protocol

Walter

Hello. Is there any risk for vortexed positions with the

upcoming v3?

#bancor #blockchain #cryptocurrency #english

0

02.03.2022

5 ответов

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Zeno🌪

If you staked BNT and got vBNT then swapped your vBNT for something else - yes. Your rewards, fees, and BNT are all going to be 'locked' behind vBNT in B3.

0

02.03.2022

Ian AmaZix

Indeed, you still need vBNT to withdraw your initial stake + fees + rewards in Bancor 3.

0

02.03.2022

DLink74

Ian AmaZix
Indeed, you still need vBNT to withdraw your init...

one thing still unclear for me so if i am a new user and stake ETH in V3 how do i get the rewards?

0

02.03.2022

Ian AmaZix

DLink74
one thing still unclear for me so if i am a new us...

Rewards are auto-compounding and you can claim them the same way you do in v2.1. "Unique to Bancor 3, the auto-compounding rewards are a “gasless” solution that does not require the user to take any additional actions ... The standard rewards contract ... requires users to manually claim rewards in the familiar way. " 😃

0

02.03.2022

Ian AmaZix · Accepted Answer

Hi, what do you mean by 'risk' please? Bancor Vortex function remains unchanged in Bancor 3: "Bancor Vortex The function of the Bancor Vortex remains unchanged in the new release; however, its specific behavior is modified to be more efficient. Rather than collecting a wide variety of token types, the Vortex on Bancor 3 will collect BNT exclusively; fees earned in TKN are swapped immediately for BNT. Therefore, triggering the Vortex results in a single swap of BNT for vBNT directly, rather than a myriad of swaps across numerous TKN pools for BNT as a first step. This simplified arrangement has consequences both for the effective value burned, and an improved gas efficiency overall."

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