Has the team removed IL protection to protect the protocol

Question

Has the team removed IL protection to protect the protocol

from current pending withdrawals (presumably by some large CeFi teams)?

If so can the team please provide how many hours/days those withdrawals will remain pending for and when we can expect for them to be finalised?

Can the team also please provide some transparency around current pending withdrawals (ie. X amount of ETH pending withdrawal, X amount of DAI pending withdrawal) etc? This could then be compared with the holdings in the main Bancor vault wallet, which would provide some confidence in Bancor being liquid enough to honour the pending withdrawals.

I think right now your priority should be transparency and restoring confidence to users through means of data.

This is not a good look for Bancor and more information needs to be provided

#bancor #blockchain #cryptocurrency #english

0

20.06.2022