didn't seem to make any dent what so ever. am I missing something?
Bringing pools into a state of surplus 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 (https://medium.com/bancor/revolutionizing-arbitrage-in-defi-with-the-arb-fast-lane-protocol-12c9de61c543). A total of 70 pools have been closed in a state of surplus - full update is presented in Bancor3 Progress Update (https://medium.com/bancor/bancor-v3-progress-update-e5e63c5e3542).
Thanks for sharing! However, it is undeniable that the deficit got worse for most of the remaining pools with higher profile tokens. What explains that trend?
The fees buy up the BNT token which has to rise more in value than ETH in this example for the deficit to become smaller.
Basically BNT/ETH has to rise in order for the deficit to get smaller
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