V3 Vortex: network fee

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On July 17, a proposal to set the V3 Vortex to 90% was brought up and voted in favor.

This means that currently 90% of the network fees will be taken from swap revenue in order to purchase BNT and build the protocol's token reserves. You can learn more about the vortex in this video explainer, and also by reading this guide.

This is a separate mid-term action taken by the Bancor DAO, for more information please check the governance forum thread regarding potential direction for recovery.

 

 

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