Project presentation:
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Protocol: Bancor v3 - https://app.bancor.network/
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IBTs requested (Name + ticker) & contract addresses :
Bancor ETH pool token - $bnETH https://etherscan.io/token/0x256ed1d83e3e4efdda977389a5389c3433137dda
Bancor APW pool token - $bnAPW https://etherscan.io/token/0x0a95920cd600478e2af01b900e185cab29c92bc2
Bancor BNT pool token - $bnBNT https://etherscan.io/token/0xab05cf7c6c3a288cd36326e4f7b8600e7268e344
Bancor USDC pool token - $bnUSDC
https://etherscan.io/token/0xad7bec56506d181f994ec380b1ba34fb3fbfbad3 -
Current TVL on the requested IBTs
bnETH: 50.69M$
bnAPW: 8.5K$
bnBNT: 52.18M$
bnUSDC: 2.47M$ -
Current TVL of the protocol: 259.42M$ according to Bancor app
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Twitter/Discord links: https://twitter.com/Bancor - Discord
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Audit(s) link(s) : Security & Audits - Bancor V3 Technical Docs
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Supported chain(s) : Ethereum
Simple summary:
Bancor is a decentralized network of on-chain automated market makers (AMMs) supporting instant, low-cost trading, as well as Single-Sided Staking and 100% Impermanent Loss Protection for any listed token.
This proposal aims to integrate the $bnETH, $bnAPW, $bnBNT and $bnUSDC assets from Bancor protocol to the 4th winelisting event. Adding these IBTs will create additional yield possibilities for both communities.
Rationale:
Bancor enables automated token trading, as well as Single-Sided Staking with 100% Impermanent Loss Protection for any listed token. The V3 recently went live, allowing users to enjoy the impermanent loss protection immediately instead of waiting 100 days in V2.
The bnAPW TVL will increase after the DAO deposit according to the APGP 4.
As supplying liquidity or providing additional rewards would require a governance proposal on the Bancor governance side, it might not be possible for this round.
However there are already ongoing discussions in the communities and Bancpr will ask their community to upvote the IBTs
Benefit of this integration for Bancor protocol:
Additional yield opportunities for the community
Increase the visibility of the project with cross marketing
Increase the TVL of the IBTs pools
Benefit of this integration for Apwine DAO:
Increase the tokenized TVL and the AMM TVL
Diversify the yield possibilities for APWine community
Increase the visibility of the project with cross marketing
Better yield for APWine community if additional rewards
Yield for $veAPW holders if bribes
Better market efficiency if the project supply some initial liquidity
Metrics:
Community size on discord: 10.65K members
Twitter: 161.5K followers
Means:
No additional resources announced for now.
Voting options:
Yes, add bnETH
Yes, add bnAPW
Yes, add bnBNT
Yes, add bnUSDC
No, do nothing
Abstain
- Yes, add bnETH
- Yes, add bnAPW
- Yes, add bnBNT
- Yes, add bnUSDC
- No, do nothing
- Abstain
0 voters
