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It’s been a busy few weeks since we started the phased roll-out of Bancor 3. Here’s an update on the latest developments and the road to fully releasing the first phase of Bancor 3.Recently the Bancor community hosted an AMA discussing the 3 roll-out. Listen to the full discussion:https://medium.com/media/1e7b5d3fb934335bbbab8030131f305d/hrefHighlightsOver 2,000 users have successfully provided liquidity in Bancor 3TVL exceeded $300M across four live pools (ETH, LINK, DAI and BNT)Significant gas savings on liquidity deposits and withdrawals, as well as claiming rewards.Development priorities: (1) Deploy the full 150+ token whitelist, (2) Activate Auto-Compounding and Dual Rewards and (3) Enhance the new bancor.network interface.Development UpdateThe first phase of Bancor 3 is being released gradually with a security-first approach. The ongoing phased roll-out underscores our commitment to user safety and longevity throughout the continuous release of Bancor 3.The current development priorities are as follows:1. Deploy the next 150+ tokensFour tokens are live on Bancor 3 today. Per the Bancor DAO proposal, the next 150+ tokens will be released all at once (pending security audits and reviews). Once live, each token pool requires at least 10K BNT worth of TKN deposits to become active for trading.2. Activate Auto-Compounding & Dual RewardsAuto-Compounding Rewards are still under development and testing. The release of Auto-Compounding Rewards is expected to come after the activation of the next 150+ tokens. Once Auto-Compounding Rewards go live, Dual Rewards and vBNT burning can also be released. More than 30 DAOs plan to offer Auto-Compounding Rewards on Bancor 3.3. Enhance the bancor.network InterfaceWe are constantly making improvements to the front-end, and you can follow along on the open-source front-end codebase here. Please continue sharing your feedback, and flagging any UI issues you see, and we will continue shipping improvements.The new bancor.network interface will stand out as one of the few DeFi interfaces exposing individual ROI statistics, allowing users to see the true earnings (“LP vs. HOLD”) on their deposits. Another feature going live on the front-end soon is the ability for users to instantly transfer their tokens in other AMMs (like Uniswap V2 and SushiSwap) to Bancor 3, where they can earn with instant protection from impermanent loss.IntegrationsTrading aggregators & wallets1inch has pushed live its integration of Bancor 3, while other trading integrations are currently in works, including 0x API, Paraswap, MetaMask, Coinbase Wallet and Ledger. These integrations will assist in driving additional trading and fees to Bancor 3.Pool token IntegrationsBancor 3 pool tokens (bnTokens) are unique compared to legacy liquidity “pool tokens” in that they are composed of a single token and protected from impermanent loss. bnTokens are the perfect solution for DAOs to address illiquidity, since they allow holders to simultaneously provide liquidity while also participating in governance voting and native staking. 88mph, for example, will accept its bnTokens as a native staking asset, so MPH holders don’t need to choose between providing liquidity and natively staking their MPH, and can earn revenue from both sources. More novel integrations of B3 pool tokens are in the works and will be announced soon!External Impermanent Loss ProtectionIn Bancor 3, third-party DAOs can offer to cover impermanent loss costs on their token, increasing their chances of listing and liquidity direction by the Bancor DAO. A number of third-party DAOs have already passed proposals to offer External Impermanent Loss Protection on their tokens, including Phuture Finance, Crown Capital, SHIBGF and BBS.Building for DeFi’s Next ChapterDeFi’s meteoric rise led people to think that inflationary measures to create artificially high APRs were an effective means to drive long-term liquidity. It is something that we, as an industry, need to revisit as we move to DeFi’s next chapter.Now, in the aftermath of several well-known DeFi protocols imploding, we’re effectively witnessing the entire industry have a “Sober Degen” moment. Most DeFi users are tired of losing money trying to hop between farms, chasing inflated APRs fueled by unsustainable incentives that damage the protocols that offer them. Users are now seeking out safer, more reliable forms of on-chain yield.This is DeFi’s next chapter — one that is defined by longevity, transparent economic policy and value creation, as opposed to high-frequency strategies, “ponzinomics” and value extraction.In this context, Bancor is emerging as a haven for sustainable DeFi. Yields on the highest-performing tokens in Bancor V2.1 were generated largely via real trading fees rather than inflationary token rewards. And we expect that the demand for real revenue from real DeFi services will only grow as Bancor 3 comes to market.What to expectAs discussed, Bancor 3 is not yet in full release — there are only four pools live, which affects trading volume, fees, and in turn, APRs. As more pools go live, more trades across 150+ tokens will be processed, and both Auto-Compounding and Dual Rewards will further support competitive, protected yields across the network.We are deeply appreciative of the community’s support while we roll out the best liquidity solution in the history of DeFi. No matter what market we are in, Bancor’s mission remains the same: to support token projects and token holders by providing the simplest and safest way to trade and earn sustainable yields in DeFi.Useful Links:Staking GuideDocsGovernanceBIP15: Proposing Bancor 3Knowledge BaseThe Next Step Forward for DeFi?Join our Community on: Twitter, Youtube, Telegram, Discord, RedditBancor 3 Roll-Out Update was originally published in Bancor on Medium, where people are continuing the conversation by highlighting and responding to this story.

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