Also didn't the foundation fund the marketing of 100% IL

Question

Also didn't the foundation fund the marketing of 100% IL

protection? Or was that funded by the DAO given that the foundation only funds protocol development? Where did the marketing funds come from?

#bancor #blockchain #cryptocurrency #english

0

11.07.2022

5 ответов

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John Автор вопроса

Yudi Levi | Bancor
Oh I definitely don’t agree with that, that’s the ...

This has nothing to do with DeFi. Centralized actions were taken such as hiring people to do a job. And if you hired the wrong people or failed to allocate enough resources to protocol safety, then those centralized actors should be held responsible

0

11.07.2022

John Автор вопроса

I know you said that I was super pessimistic but this is irrationally optimistic when there currently isn't a viable solution. The proof is in the pudding. Will wait for what analysis is coming up. But any solution that forces new LPs to pay down debts of previous LPs is a non-starter for me.

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11.07.2022

Yudi Levi | Bancor

John
I know you said that I was super pessimistic but t...

What’s optimistic about my example? New pool, no deficit, many provide their IL protection for their LPs and don’t even care about IL, bancor is the only place you can do that. Sounds like a perfect match to me

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11.07.2022

John Автор вопроса

Yudi Levi | Bancor
What’s optimistic about my example? New pool, no d...

No that's not the proposed solution. Any new LP that joins will have a portion of their trading fees go towards paying down bad debts.

0

11.07.2022

Yudi Levi | Bancor · Accepted Answer

Yudi Levi | Bancor

Oh I definitely don’t agree with that, that’s the beginning of the end of defi IMO

0

11.07.2022

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Also didn't the foundation fund the marketing of 100% IL

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