Bancor 3 Beta Status Update
Bancor 3 Beta has been live since April 19th and they will be sharing Beta Status Updates with each new cycle leading up to the full release planned for May.
Per the BIP16 Beta proposal, capacity for token deposits are being gradually increased and roughly doubled every four-day cycle.
$1m TVL reached
- Capacity for token deposits is being filled quickly following cap adjustments.
- Current TVL is ~$1m across BNT, ETH, DAI and LINK.
Cycle 2
- With today’s cap increases, Cycle 2 has officially begun.
- The target TVL during Cycle 2 is $1.96m. Note that projected target liquidity and APR may change slightly based on token prices.
Next
- As caps are gradually raised, keep an eye on the smart contracts to see when space becomes available. Contract addresses can be found here.
- Caps will be fully removed for the full release planned for May, enabling unlimited Single-Sided Staking.
- At any point during the proposed 28-day program, the Bancor DAO may vote to end the Beta restrictions, and begin the launch of the Bancor 3 full version.
About Bancor
Bancor is only decentralized staking protocol with Single-Sided Liquidity & 100% Impermanent Loss Protection.
📰 INFO
https://blog.bancor.network/bancor-3-beta-status-update-cycle-1-2511df0ab930
