Hi all, I'm a Bancor LP for a few positions,

Question

Hi all, I'm a Bancor LP for a few positions,

but not a DAO member and after listening to the call and reading the above I have a few questions.

I'm relatively new to all of this so forgive my ignorance in my question, but how does the new AMM patent help me? I tried to follow the above ownership conversation and while I won't open that again, I might be missing how this will benefit LPs who are not DAO members. Playing devils advocate a bit, what's to stop the foundation or the DAO or whoever owns the patent to keep the innovation/protfits/fees for themselves and not make LP positions whole? If I have no say in the patent, no ownership, no right to it, how does it help me?

As far as I can tell, this is the path forward everyone is landing on, yet I'm missing how LPs benefit (aside from new fee generation which again it technically sounds like LPs would have no right to).

Thanks in advance

#bancor #blockchain #cryptocurrency #english

0

12.09.2022

2 ответов

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Cham AmaZix

The process will be done in a transparent way and is verifiable. Just like the token burn process, LPs will be open to all. More topics and discussions will follow to ensure a clear path for all.

0

12.09.2022

glenn🗿 · Accepted Answer

glenn🗿

There is a patent being filed for the new AMM design which means that if it is approved then bancor has exclusive use for it. It obviously won't stop others from copying the model but most legitimate projects will probably not risk doing so. If the new AMM is successful, then it will bring more fees to the protocol and these fees can be used to power the vortex for example (buy BNT, swaps BNT for vBNT, and burns vBNT).

0

12.09.2022

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Hi all, I'm a Bancor LP for a few positions,

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