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Today marks the start of the initial Bancor 3 Beta period.Interaction with the Beta is possible on the contract level only and can be accessed using Etherscan (guide).Deposits are capped until […]
Today marks the start of the initial Bancor 3 Beta period.Interaction with the Beta is possible on the contract level only and can be accessed using Etherscan (guide).Deposits are capped until the Full Mainnet Launch.The goal of the initial Beta is to observe a limited deployment of the Bancor 3 contracts prior to the Full Mainnet Launch, proposed to go live in May.Bancor 3Bancor 3 introduces a new Omnipool architecture which dramatically simplifies the protocol’s contracts and increases efficiency at every touchpoint. New features include Unlimited Single-Sided Staking, Auto-Compounding Rewards, Instant Impermanent Loss Protection and more. See this blog post for more details.Program SummaryTrading or liquidity provision on the Beta is possible only at the contract level or via Etherscan.Four assets — BNT, ETH, DAI, LINK — will be live during the Beta period.The amount of capital the protocol can accept during the Beta is limited, and grows at a predetermined rate.A small BNT rewards program is proposed to incentivize participation and help achieve target liquidity levels.The Bancor DAO can vote to end the Beta at any time and deploy the full version of Bancor 3.Visit BIP 16 for the full information on the Beta.How to ParticipateWe have prepared a step-by-step guide on how to interact with the Beta using Etherscan, which can be found here.Make sure you’re familiar with the concepts of Bancor 3 before you participate, including depositing, withdrawing, the cooldown period and the withdrawal fee.Interaction with the Beta is recommended for intermediate to advanced DeFi users only.Questions? Ask in our TelegramThe Road to Full Mainnet ReleaseOnce a suitable level of confidence in the performance of the Bancor 3 Beta has been achieved, the Bancor DAO can vote to end the Beta period and launch the full version of Bancor 3.Finally, a big thank you to our community for your support — we look forward to launching the Full Mainnet Release with you all!Helpful Links:B3 Beta Guide (Etherscan)B3 Bug BountyB3 GithubB3 SummaryB3 Explainer Videos: Part I, II & IIIBIP15: Proposing Bancor 3The Bancor 3 Beta is Live was originally published in Bancor on Medium, where people are continuing the conversation by highlighting and responding to this story.
