Bancor V3 supported on Nansen Portfolio

Bancor v3 is now supported on Nansen Portfolio. Nansen Portfolio allows crypto traders to quickly create a vast variety of portfolio dashboards by connecting any variety of cross-chain wallets — immediately unlocking essential knowledge and aggregated insights for his or her on-chain holdings and exercise.

The combination permits Nansen Portfolio customers to verify their Bancor positions on their single dashboard.

Submit Ethereum Merge Replace

The Ethereum Merge was efficiently accomplished on September fifteenth.

As of the time of writing, no points have been detected and reported put up Merge. Updates will likely be shared if any. We’re thrilled to see this historic replace shipped!

Proposal Assessment Time Up to date to 4 days

The proposal to replace necessary group overview time necessities from a minimal of two days to 4 days has handed. Proposals will now require a minimal overview time of 4 days on Discourse earlier than going up for vote on Snapshot. All proposals shall embrace a deliberate time and date for the vote to start, and can’t be prior to 4 days from the time of its publication.

A finest follow workflow that particulars the steps is under:

First DAO Dialogue Name: vBNT vs BNT Burn

The primary stay DAO Dialogue was held on Discord. The subject of the decision was whether or not to conduct a trial burn of BNT that has accrued within the v3 charge pockets. A majority of DAO contributors who attended the decision got here to settlement on burning BNT as soon as the 1M milestone has surpassed. A proposal ought to quickly observe.

If you happen to missed the decision, take heed to the recording right here. You possibly can additionally try the unique proposal to judge the impact of straight burning BNT right here.

Bancor DAO Discussions is a brand new weekly DAO/Group name on Discord hosted by Jen Albert and Mark Richardson, specializing in present proposals on the Bancor Governance. All members of the Bancor DAO/Group are inspired to hitch and let their voices be heard.

Simulator Tutorial Session 1–3

The primary 3 classes of the Bancor Simulator Tutorials have now been accomplished. You probably have missed them, try the recordings on the Bancor YouTube channel the place a playlist has been created for the tutorials.

9 stay tutorials will likely be scheduled at 12PM EST Monday, Wednesday, Friday from the week of 12 September for 3 weeks, across the “Fundamentals of Bancor V3 Simulations” with Mark Richardson and Mike Casale, permitting everybody to discover ways to use the simulator and create their very own simulations.

vBNT Burning

The vBNT burn continues with nearly 17k of vBNT being burnt every day on common to this point in September. Cumulatively, over 254k vBNT have been burnt already for September and over 2.7M vBNT for all of 2022. You will need to notice that the protocol has bought ~832k price of BNT in v3 that has not but been swapped for vBNT to be burnt.

To assist rebalance token reserves on the protocol, the Bancor DAO beforehand elevated the speed at which charges are used to purchase $BNT and burn $vBNT. 90% of charges on Bancor v3 are getting used to purchase $BNT (as of July twentieth), whereas 100% of charges on Bancor v2.1 are getting used to purchase $BNT and burn $vBNT.

The chart under reveals the quantity of vBNT burnt monthly from community charges collected in Bancor v2.1. Community charges collected within the vacation spot token as a part of a swap are used to purchase BNT, swap BNT for vBNT, and burn vBNT. The determine under doesn’t embrace the Bancor v3 vortex which is at present solely accumulating community charges and shopping for BNT (occurs atomically as a part of a commerce on v3).

The cumulative quantity of vBNT burnt yr to this point from community charges collected in Bancor v2.1:

The chart under reveals the BNT that has been purchased from community charges collected in Bancor v3. For the reason that Bancor v3 vortex is just not but carried out, this BNT has but to be utilized for swapping to vBNT after which burning the acquired vBNT.