/biz/ - Business & Finance

>>26577609
Liquidity Mining rewards are slated to be released within soon (think: this week). Once those go live, liquidity providers get an insane APY, which will cause liquidity to go up. When liquidity goes up, volume will go up, which will create more trading fees for liquidity providers. This will create a virtuous cycle of higher liquidity > higher volume > higher trading fees for LPs > higher incentive for LPs add liquidity to Bancor > higher liquidity, etcetera, etcetera.

There is no reason for LPs to keep providing liquidity on Sushiswap or Uniswap while getting rekt by impermanent loss when they could be getting impermanent loss protection + liquidity mining rewards on Bancor. Bancor is the superior DEX for liquidity providers in every regard.

Bancor's TVL will skyrocket even further than it already has, see pic related. Mark my words, once the liquidity mining rewards go live, we will see an absolutely massive migration of LPs from Sushiswap and Uniswap to Bancor. Get in or get left behind.