Reserve (RSR) Staking on Bancor

Hello RSR Community,

I have put forth the following proposal Increase Co-investment Limit to 750K BNT on RSR (Reserve Rights Token) Pool in the Bancor DAO to increase the co-investment limit in the RSR-BNT pool. This will allow RSR holders to add liquidity to the pool since currently there is no space. The proposal is set to go live for voting in the Bancor DAO on Monday (4/26). It would be great for any BNT holders (if you have voting power) in this community or members in general to show their support.

For anyone not familiar with Bancor, there are two key features that differentiate it from other DEXes:

  1. Single-Sided Exposure: LPs can provide liquidity to a pool with single-sided exposure, either in an ERC20 token (“TKN”) or in BNT.
  2. Impermanent Loss Insurance: Impermanent Loss Insurance accrues over time, by 1% each day, until 100% protection is achieved after 100 days in the pool. There is a 30-day cliff, which means that if a liquidity provider decides to withdraw their position before 30 days passes, they’d incur the same IL loss experienced in a normal, unprotected AMM. If an LP withdraws any time after 100 days, they receive 100% compensation for any loss that occurred in the first 100 days, or anytime thereafter.
2 Likes

Proposal is live on snapshot, please vote if you have voting power in the Bancor DAO.

Proposal has passed and there is now a large amount of space for RSR liquidity providers to stake single sided:

This is great, thanks for the taking the time glenn :muscle:

Anytime! Just wanted to let the RSR community know about staking option on Bancor. With that said, the Bancor DAO recently passed a proposal (Offer Trader Incentives via a Pool Race - DAO Archive (SUBMITTED) - Bancor Governance Forum) that gives token communities on Bancor the possibility of having their pools incentivize. More will be announced this week but it is very likely that RSR will be part of the pool race and potentially received BNT liquidity mining rewards from the Bancor side as well if it wins (RSR LPs will benefit on top of trading fees that they already receive. That’s not to mention having impermanent loss protection which you get as well).

Overall, I think the RSR community has been able to take advantage of staking on Bancor as I do see that there was a large increase in RSR being staked:

The pool contract now holds roughly 30M RSR tokens. For those wondering, there is still roughly ~28M worth of RSR space on Bancor although that might run out in the future (there was ~43M of RSR space 3 days ago).