Will ENJ deficit ever get back to normal?

Question

Bancor Protocol

_tr0jan_ M

Will ENJ deficit ever get back to normal?

#bancor #blockchain #cryptocurrency #english

0

03.03.2024

9 ответов

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_tr0jan_ M Автор вопроса

Syd AmaZix
Alleviating deficit remains a high priority. All f...

What is the priority of the ENJ pool? Seems like it hasn't moved for months and months, can show the priority or recent progress on that specific one?

0

8 месяцев назад

Skiznilly

_tr0jan_ M
What is the priority of the ENJ pool? Seems like i...

It has moved, but unfortunately it has moved upwards in terms of increased deficit. As with most pools of significant size, LPs now are actively worse off than they were when Bancor failed nearly two years ago.

0

8 месяцев назад

_tr0jan_ M Автор вопроса

Skiznilly
It has moved, but unfortunately it has moved upwar...

What about the reply from the admin, are they "working" to reduce deficit??

0

8 месяцев назад

_tr0jan_ M Автор вопроса

_tr0jan_ M
What is the priority of the ENJ pool? Seems like i...

@S_G111 @Farnoush_Nik ???

0

8 месяцев назад

Skiznilly

_tr0jan_ M
What about the reply from the admin, are they "wor...

Thus far, the vast majority of pools that exited deficit were closed not by any metrics driven by Bancor/Carbon adoption or performance, but by a random pump n' dump in November (after some exchanges introduced BNT leverage trading) that instantly retraced and has since left LPs in a worse situation than before. There is no priority given to ENJ, but the fact that they say fixing the deficit is "a high priority", rather than the only priority is certainly concerning to longterm LPs who've been stuck in deficit hell. BNT outperforming tokens is the only means for those pools to reduce their deficit, but unfortunately the team is deadset against adding to BNT's value proposition, and thus there's not really any reason for anyone to buy it.

0

8 месяцев назад

_tr0jan_ M Автор вопроса

Skiznilly
Thus far, the vast majority of pools that exited d...

@mods, care to reply and back up any statements with actions???

0

8 месяцев назад

Syd AmaZix

_tr0jan_ M
@mods, care to reply and back up any statements wi...

70 of the pools have already been brought into surplus and closed. I recommend reading the most recent v3 progress update: https://medium.com/bancor/bancor-v3-progress-update-e5e63c5e3542

0

8 месяцев назад

_tr0jan_ M Автор вопроса

Syd AmaZix
70 of the pools have already been brought into sur...

I've read it

0

8 месяцев назад

Syd AmaZix · Accepted Answer

Alleviating deficit remains a high priority. All fees in v2.1, v3, and Carbon DeFi are going towards alleviating the deficit, in addition to the protocol portion (50%) of profit generated through the Arb Fast Lane. A number of pools have been closed in a permanent state of surplus meaning the remaining LPs in these pools are able to withdraw the full amount initially deposited. A total of 70 pools have been closed in a state of surplus - full update is presented in Bancor3 Progress Update. Once a pool reaches a state of surplus and is closed, an alert is automatically shared in the Bancor Alerts (https://t.me/BancorAlerts) channel along with all other onchain alerts.

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Will ENJ deficit ever get back to normal?

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