When you add liquidity to uniswap you get IL but

Question

Bancor Protocol

Leonardo

When you add liquidity to uniswap you get IL but

you get both tokens. Why aren't current LP's getting the excess BNT in the protocol? That's not part of the IL

#bancor #blockchain #cryptocurrency #english

0

24.07.2022

4 ответов

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MB

alphavalion
This is incorrect since after events of 6/19 there...

1) The fact that "insurance isn't being given" is a non sequitur to the point that the majority of the deficit owed is that people's TKN deposits were sold off their deposits and they haven't been paid BNT for those sales. Actual ILP is whatever additional BNT needs to be printed on top to cover the IL of those swaps. 2) You're continuing to spread deliberate misinformation and gaslighting our conversations. The BNT that is burnt is the BNT supplied by the protocol. No one is claiming they're entitled to that BNT. The BNT they're correctly claiming is theirs is the BNT they're owed for their TKN deposits being sold off. Stop conflating the two. You spend way too much time in this chat room to feign ignorance. You're deliberately trying to confuse people.

0

24.07.2022

alphavalion

MB
1) The fact that "insurance isn't being given" is ...

The bancor insurance has always covered the deficit in pools to make an LP whole when they withdraw (receive their initial stake + fees earned). You are not getting the full amount of TKN deposited because the printer that made you whole is now disabled. This includes any loss that you experienced for tokens being sold off

0

24.07.2022

MB

alphavalion
The bancor insurance has always covered the defici...

Your tokens being sold off isn't "loss", unless outright theft is happening and you aren't being paid. IL is the dollar value in loss from those swaps happening across a period of time.

0

24.07.2022

alphavalion · Accepted Answer

alphavalion

This is incorrect since after events of 6/19 there is no BNT being given for insurance anymore. Any BNT is burned at withdrawal as has always been the case. You can't have access to any BNT since the printer has been disabled.

0

24.07.2022

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When you add liquidity to uniswap you get IL but

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