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If you have a situation where major LPs who have

lost half their ETH and/or LINK and who were not compensated for it, do you really think that the Bancor brand name has any long-term viability?

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This situation is obviously not something we wanted to be in and it's rough to see people losing money by withdrawing but I do think long term viability (read:years) we can rebuild, yes.

T⬡kenized
This situation is obviously not something we wante...

So hold LPs ILP hostage until bancor figures there shit out

Gilly
So hold LPs ILP hostage until bancor figures there...

Not held hostage, Just have to make a decision on haircut or wait. Big difference.

Gilly
I refered to ILP being hostage

The alternative is worse. So wait or dont wait. Each has to make their own decision.

Ernie Wilson (🌪 , 🌪 )
The alternative is worse. So wait or dont wait. Ea...

Wait for what? Avi is saying it's going to take years yet there's not even a proposal on how to fix the situation

Gilly
Wait for what? Avi is saying it's going to take ye...

Anybody who says they know how long this will take is lying.

T⬡kenized
Do you think there's a magic quickfix?

To start allowing LPs to exit albeit in a metered way to not crush bnt price

Gilly
To start allowing LPs to exit albeit in a metered ...

And maybe thats the plan. We dont know. Have to wait or not wait. Those are the choices until a plan is announced.

Tom- Автор вопроса
T⬡kenized
Do you think there's a magic quickfix?

Foundation uses funds to incentivise LPs who left to return to protocol. ILP is reintroduced over a long-term timeframe (ie. locked for a year and then progressive withdrawal) which means that TVL is preserved.

I'm looking into getting more information about the Foundation, but what if what you are proposing won't happen? what do you think the protocol should do to gradually reduce the deficit, without putting selling pressure on BNT via ILP, which causes more losses by rebalancing

The Dao is smoke and mirrors

Gilly
The Dao is smoke and mirrors

Proposals to help have already been put forward, voted on and are being implemented. Dont have to wait for the team.

Tom- Автор вопроса
T⬡kenized
I'm looking into getting more information about th...

I don't know. I have thought about it and I just don't know how the protocol can generate revenue again without third party intervention and direct compensation. As you lose trust, you lose TVL, as you lose TVL, you lose fees. That's why I am pushing for more information on the Foundation, and particularly when the 2017 raise was so substantial.

Tom
I don't know. I have thought about it and I just d...

We had too much TVL actually. There is a point when more TVL doesn't get you the optimal amount of fees anymore

Tom- Автор вопроса
Anima Dunk
We had too much TVL actually. There is a point whe...

Well that is a flaw that could be fixed I guess. But now there's a potentially fatal issue on the other side of it.

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