Bancor solution that would save what’s left but that the team would never approve

example with dai:

from what I understood to calculate what bancor lp would lose we need to check the staked balance:

[

vs the dai hold by the master vault: [

which gives us 14.5millions vs 13millions. If the contract was upgraded to add a transfer from the vault to another contract they would be able to let people redeem almost 1:1 with dai immodestly without waiting 7 days and more loss from IL

would this put an end to bnt? Yes probably but it would save what’s left for LP provides

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2 thoughts on “Bancor solution that would save what’s left but that the team would never approve”

  1. The grim reality is that IL can not be destroyed or hidden.

    Projects like Vyper protocol are trying to make the pricing and transferring more easy with a floating for floating swap where IL and a premium are exchanged, but still it’s not about “removing” IL but finding someone that wants to take it up for the right compensation (and maybe can do a full or partial hedge itself via derivatives or perps).

    https://twitter.com/vyperprotocol/status/1538994983805542401?s=21

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