Monday Alpha!

Let's talk $BNT

1/ Impermanent loss is a pain in the ass for liquidity providers (these are the people that you get tokens from on AMMs like Uniswap or Bancor)

2/ It's all good when things goes up.

3/ It's a mess when one or both go down

img credit: @Fiskantes

4/ Now, @Bancor recently introduced impermanent loss protection for liquidity providers which ... https://www.publish0x.com/news/bancors-solution-for-impermanent-loss-brings-positive-result-xxwydzn

5/ Now, the best part: liquidity providers are taking notes:

From $20M TVL to $290M in 80 days. That's a 1350% increase.

6/ At the same time, $BNT price went up by 200% which is superb in TradFi but 'meh' in DeFi terms.

Conclusion; people don't realize yet what's happening behind @Bancor curtains.

7/ Also, I wish Bancor realizes the potential of putting their Swap function first when entering the homepage > https://app.bancor.network  (and not that stuff for LP nerds)

Once they make it similar to uniswap UI or 1inch they will get flooded with users. OPEN THE GATES.