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DYGois-(NEVER DM you First)

Why is supply elastic and not unlimited/limited?

#bancor #blockchain #cryptocurrency #english
0

1 ответов

3 просмотра
Carlo AmaZix-

Hi there, DYGois! Here's more regarding BNT supply being Elastic - The increase in supply would be from the Liquidity Mining Rewards, and protocol co-investment for single-sided liquidity in whitelisted pools - which never enters the circulating supply as it's owned by the protocol and eventually burned with the fees it earned. https://blog.bancor.network/proposing-bancor-v2-1-single-sided-amm-with-elastic-bnt-supply-bcac9fe655b vBNT is issued when BNT is staked and burned when BNT is unstaked. So the amount of vBNT in existence is determined by how much BNT is staked, and now the Vortex burns. Here's the guide on how to trigger the burn: https://docs.bancor.network/guides/triggering-the-bancor-vortex-burner And more on Vortex: https://www.youtube.com/watch?v=SbUqcbNqQ-Y

0
04.04.2022

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