Bancar DAO, one of the decentralized communities, is considering preparing an arbitrage bot to close the $26 million deficit in the platform.
In the draft, which is under evaluation, Bancor Fast Lane It is proposed to develop a bot called this boat in Bancor DEX will look for arbitrage opportunities and try to capitalize on them.
The bot designed by Bancor will compete with all other arbitrage bots on the platform. However, community members agree that Bancor Fast Lane exempt from transaction fees, him to take advantage is thinking.
Community members will be able to directly contribute to the bot’s actions. Users who find an arbitrage opportunity will be able to adjust the bot’s contract accordingly.
your boot profit from this transaction to that user by 10% payment will be made. However an upper limit of 100 bancor tokens (BNT) for these rewards will be.
The reason Bancor DAO is considering this plan is because of the vulnerability in the protocol. up to $26 million to have stood. Because the protocol, with the crypto money prices starting to fall, It had decided in June to lift its protection against temporary loss..
Liquidity providers can only accept a significant change in the price of one of their own-issued tokens. temporary loss are faced with risk. Until June, Bancor rewarded these providers with BNT and shielded them from this risk.