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What is the Bancor Vortex?
May 05, 2022 06:51
The Bancor Vortex charges a protocol-wide administration fee paid by liquidity providers for impermanent loss protection, a unique feature of Bancor. The fee is taken directly from swap revenue, and is adjustable by the DAO. Fees are swapped for vBNT via the vBNT/BNT liquidity pool and burned, creating deflationary pressure on the circulating supply of BNT.
You can learn more about it in this video explainer, and also by reading . this guide
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