Then honestly I have no confidence in this recovery plan.

Question

Then honestly I have no confidence in this recovery plan.

It depends on using protocol revenues from past scorned LPs and current trapped LPs to make up the deficit where the deficit is increasing every day and will only continue to get worse. They need a new recovery plan. There's currently less than $50M in liquidity that's not BNT, and much of that liquidity is hardly earning any fees. So arb strategies and vortex burning will get us out of this?? We need to see the analysis and math for that. It's very doubtful.

#bancor #blockchain #cryptocurrency #english

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10.07.2022

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Schaps

lesigh3100
Fair enough - I happen to disagree (perhaps out of...

I'd love to have a better idea. Maybe waiting until people forget and hold a massive marketing campaign to lure new users.

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10.07.2022

John Автор вопроса

lesigh3100
Fair enough - I happen to disagree (perhaps out of...

I really don't have one that doesn't involve paying off the deficit with foundation funds. You're trying to pull yourself out of this mess with negative equity based on a liquidity base of scorned and pissed off LPs, and no new LPs that want to provide

0

10.07.2022

lesigh3100

John
I really don't have one that doesn't involve payin...

We're trying to deal with the ugly reality of the situation we have. One foot in front of the other. One night at a time.

0

10.07.2022

John Автор вопроса

lesigh3100
We're trying to deal with the ugly reality of the ...

Right...unfortunately time is of the essence because the longer this goes on without a clear solution, the more BNT will drop (or fail to keep pace with the other assets), and the more the deficit will rise.

0

10.07.2022

lesigh3100 · Accepted Answer

lesigh3100

Fair enough - I happen to disagree (perhaps out of optimism). If you have a better idea, I would love to hear it

0

10.07.2022

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Then honestly I have no confidence in this recovery plan.

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