Open ebuchman opened 4 years ago
From current Defi marketplace, it is quite certain that Bancor is relatively failing compared to Uniswap, Balancer, Curve.Finance.
Is there any reason why you support Bancor system? Any special characteristics compared to Uniswap?
Ah, I was referring more to the bonding curve component than just pure swaps, ie. using Atom as a reserve token controlling the supply of new tokens. The idea would be for the Hub to support a good mechanism for creating new tokens, partially backed by Atom (and maybe also other major tokens custodied on the Hub), rather than just everyone creating coins with arbitrary distributions and no reserve (or only reserves in a foundation) and fully floating exchange rates.
It might even be interesting to consider as a thought experiment the idea of partially backing Atom with on-chain collateral, ie. if Atom supply itself was controlled by a combination of reserve collateral and the staking inflation :o
Related to general discussion of AMMs #5 but we should consider ATOM/staked-ATOM as reserve currency for bancor style creation of new currencies, potentially with inbuilt IBC integration.