Are these being put on hold deliberately?

Question

Bancor Protocol

Sai

Are these being put on hold deliberately?

#bancor #blockchain #cryptocurrency #english

0

26.08.2022

8 ответов

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Yousri

Nate Hindman 🗿
It was decided by the community to put the fee all...

How about pushing the migration proposal forward whether all or only the surplus. It has been in the chatroom for a while now

0

26.08.2022

XaH4uK

Nate Hindman 🗿
It was decided by the community to put the fee all...

Why fees from B3 not burning - it not ready technicaly? If we swap 600k BNT to vBNT and burn it, new price will be 1 BNT = 0.8 vBNT, it good splash and we will see the effect that Mark Rachardson was talking about.

0

27.08.2022

Carlo AmaZix

XaH4uK
Why fees from B3 not burning - it not ready techni...

Hey there, XaH4uK! Let me look into this and get back.

0

27.08.2022

XaH4uK

Thanks! Any deadlines vortex implementing?

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27.08.2022

glenn🗿

XaH4uK
Thanks! Any deadlines vortex implementing?

Nothing at the moment, there are other fee generating features being worked on (I think it is in the pipeline).

0

27.08.2022

Jay Batste

Thanks Glenn. So Nate suggests that features are being worked on, and proposals will be upcoming once ready? But doesn’t say what the features are? Do you know what they are?

0

27.08.2022

glenn🗿

Jay Batste
Thanks Glenn. So Nate suggests that features are b...

We have mentioned in the past: Paraswap Integration Airswap Integration Cowswap Integration Other integrations for traders Dynamic fees Protocol Level Arbitrage Token Launchpad Lending/Borrowing Some elemental discovery from Mark (late stages of research, a lot of possibilities, broad market appeal, special utility to the long tail)

0

27.08.2022

Nate Hindman 🗿 · Accepted Answer

It was decided by the community to put the fee allocation models (eg the DAI model) on hold in favor of using a model which uses 90% of fees to buy BNT and lock up for later use or to burn BNT or vBNT as voted on by the DAO. This change went into effective in late July and the fee wallet has already collected around 600k BNT on V3, and also burned significant vBNT as a result on v2.1. The DAO can choose to revisit the original fee allocation models if it chooses at a later date. Community members are currently 100% focused on building new revenue-generating features/products that aim to restore the reserves. Expect to see proposals as these new features / products are more mature and ready for community analysis.

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Are these being put on hold deliberately?

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