out of this for Bancor? It's main advantage was 100% IL protection. But now that is gone, what's Bancor's competitive advantage? It's essentially now Uni v2 where every asset is paired with BNT. Uni v2 needs a LOT more liquidity to beat Uni v3 in terms of trade volume. Bancor's way of getting that trade volume before was making it very appealing to provide liquidity due to IL protection. That appeal has dropped significantly. So how will Bancor now get trade volume?
If the protocol can survive, would just put ILP on the back burner, and just keep using BNT to provide liquidity to DAO tokens.
The same way all other Uniswap competition gets trade volume
Other AMMs dont have single point of failure risk. If BNT fails, not going to be good for any asset paired with it.
Technically they have eth as a point of failure on most pairs but ofc eth is nothing like BNT
plus if ETH fails, then there are much bigger problem...haha
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