# Almanak x V3 - Optimization Recommendations

**URL:** <https://gov.bancor.network/t/almanak-x-v3-optimization-recommendations/4108>\
**Category:** Community Chatroom (DISCUSSION)\
**Created:** [October 20, 2022, 10:30pm UTC](https://gov.bancor.network/t/almanak-x-v3-optimization-recommendations/4108 "2022-10-20T22:30:49Z")\
**Posts on this page:** 20\
**Page:** 1

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**Author:** ![55-Stephan](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/55-stephan/32/2720_2.png) [@55-Stephan](https://gov.bancor.network/u/55-Stephan)\
**Post date:** [October 20, 2022, 10:30pm UTC](https://gov.bancor.network/t/almanak-x-v3-optimization-recommendations/4108/1 "2022-10-20T22:30:49Z")

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Hi Bancorians!  
I hope everyone is having a great week. Just wanted to reiterate here that the whole Almanak team is available to answer all the questions you might have on the optimization service that we’ll be launching on Nov. 1st.

Reposting below the timeline that we’re currently following.

We invite all questions to be posted here. Many thanks!

📊 **Oct. Week3 17th-21st Onboarding of respective relevant stakeholders (telegram, discord) from DAO and Almanak**  
-Alignment on technical specs  
-Alignment on daily workflow  
-Alignment on scope for the 3m period

🧪 **Oct. Week4 24th-28th Onboarding of the optimization service and tests**  
-Almanak to start providing test recommendations  
-Bancor DAO to start testing implementation  
-Goal is to reach the daily update capacity at end of week

🎯 **Oct. 31st**  
-Final adjustments, prep for launch

🚀 **Nov 1st**  
-Launch of the daily optimization service

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**Author:** ![teamAsaf](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/teamasaf/32/14_2.png) [@teamAsaf](https://gov.bancor.network/u/teamAsaf)\
**Post date:** [October 23, 2022, 7:09am UTC](https://gov.bancor.network/t/almanak-x-v3-optimization-recommendations/4108/2 "2022-10-23T07:09:00Z")

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good luck team almanak

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**Author:** ![Here2DeFi](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/here2defi/32/2514_2.png) [@Here2DeFi](https://gov.bancor.network/u/Here2DeFi)\
**Post date:** [October 23, 2022, 5:18pm UTC](https://gov.bancor.network/t/almanak-x-v3-optimization-recommendations/4108/3 "2022-10-23T17:18:07Z")

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Thank you Stephan! Will the test recommendations be posted here or are we waiting until November 1st?

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**Author:** ![55-Stephan](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/55-stephan/32/2720_2.png) [@55-Stephan](https://gov.bancor.network/u/55-Stephan)\
**Post date:** [October 24, 2022, 8:54pm UTC](https://gov.bancor.network/t/almanak-x-v3-optimization-recommendations/4108/4 "2022-10-24T20:54:47Z")

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We are planning to dump the daily recommendations at 2 locations, Discord and Telegram.

- Discord webhook: XXXX

- Telegram Bancor Alert Channel:  
[Telegram: Contact @BancorAlerts](https://t.me/BancorAlerts)

For the tests we can send “TEST RECOMMENDATIONS” there throughout the week. Monday will be our final dry run so we’ll send them.

Regarding the time, we are planning to send at 1200pm CET. Would that be okay or do you have another time more suitable for the smart contract update?

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**Author:** ![glenn](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/glenn/32/1720_2.png) [@glenn](https://gov.bancor.network/u/glenn)\
**Post date:** [October 26, 2022, 2:56pm UTC](https://gov.bancor.network/t/almanak-x-v3-optimization-recommendations/4108/5 "2022-10-26T14:56:23Z")

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It should be fine to send to both locations. Folks in telegram and discord will be able to see the changes recommended but probably it is also good to add the changes here with more detail information. I am guessing that the recommendations are the output of some analysis and it might be useful to have any charts/data in this thread for the community to see why the recommendations are being made.

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**Author:** ![55-Stephan](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/55-stephan/32/2720_2.png) [@55-Stephan](https://gov.bancor.network/u/55-Stephan)\
**Post date:** [October 31, 2022, 11:15am UTC](https://gov.bancor.network/t/almanak-x-v3-optimization-recommendations/4108/6 "2022-10-31T11:15:51Z")

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Yes totally. In fact we are building the dashboards in parallel which should be available for the next cycle. So in the meantime, we will provide here as much info as we can on the changes at least weekly, to reflect the trends in change and the change explain as well.

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**Author:** ![55-Stephan](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/55-stephan/32/2720_2.png) [@55-Stephan](https://gov.bancor.network/u/55-Stephan)\
**Post date:** [October 31, 2022, 7:33pm UTC](https://gov.bancor.network/t/almanak-x-v3-optimization-recommendations/4108/7 "2022-10-31T19:33:40Z")

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**UPDATE - end-to-end dry run before launch on Nov 1st.**

The test passed with success for our e2e dry run.  
The launch on Nov 1st is looking great.

Expect the first set of recommendations as planned tomorrow at 12pm CET.

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**Author:** ![sylentz](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/sylentz/32/147_2.png) [@sylentz](https://gov.bancor.network/u/sylentz)\
**Post date:** [November 7, 2022, 3:57pm UTC](https://gov.bancor.network/t/almanak-x-v3-optimization-recommendations/4108/8 "2022-11-07T15:57:22Z")

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I’d like more info on what exactly the “alarm bells” were and what “more aggressive” was in regards to:

> **[Discord - A New Way to Chat with Friends & Communities](https://discord.com/channels/476133894043729930/764907781462425680/1039198634681581658)**
>
> Discord is the easiest way to communicate over voice, video, and text. Chat, hang out, and stay close with your friends and communities.

What is the thought process behind ignoring alarms and spending more time trying to make the data fit a predetermined bias?

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**Author:** ![55-Stephan](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/55-stephan/32/2720_2.png) [@55-Stephan](https://gov.bancor.network/u/55-Stephan)\
**Post date:** [November 7, 2022, 5:01pm UTC](https://gov.bancor.network/t/almanak-x-v3-optimization-recommendations/4108/9 "2022-11-07T17:01:12Z")

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Hi @sylentz –  
Our monitoring process is identifying “abnormal” recommendations in the sense of them being too far from the current levels in the smart contract.

The reason for this is that even though such recommendations make sense mathematically as an momentary optimal solution, their implementation could generate economic risks due to cliff effects in the activity continuity they will trigger. On the contrary, we believe that the protocol path to profitability increase should be progressive so that the users “accompany” the convergence smoothly instead of being forced to react strongly either by massive withdraws, spillovers among pools. In other word, controlling the feedback loop from agents.

For example, if the primary optimization result advocates for 75% of TL and 10% of fees, the implementation of it in the current state where TL is 100% and fees are 1% could generate counterproductive agents behaviors. Instead, we should push progressive recommendations that are aligned in direction but less pronounced compared to the current state, in order for protocol users to have time assimilate the changes.

So what we are working on right now is updating the elements of logic and decision-making for that progressive process to take place in a smoother way when such recommendations occur.

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<div class="post-metadata">

**Author:** ![55-Stephan](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/55-stephan/32/2720_2.png) [@55-Stephan](https://gov.bancor.network/u/55-Stephan)\
**Post date:** [November 14, 2022, 1:10pm UTC](https://gov.bancor.network/t/almanak-x-v3-optimization-recommendations/4108/10 "2022-11-14T13:10:14Z")

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**Monday 14 Nov., 2022**

== OFFICIAL RECOMMENDATIONS ARE NOW STARTING ==  
NEW RECOMMENDATIONS ARE IN  
The following changes need to be implemented:

- ETH: new swapping fee 0.1675% (from 0.1000%) with TL @ 94.0000% (from 100.0000%)
- LINK: new swapping fee 0.0791% (from 0.5000%) with TL @ 91.0000% (from 100.0000%)
- DAI: new swapping fee 0.1587% (from 1.0000%) with TL @ 92.0000% (from 100.0000%)
- WBTC: new swapping fee 0.1964% (from 0.2000%) with TL @ 94.0000% (from 100.0000%)

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<div class="post-metadata">

**Author:** ![55-Stephan](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/55-stephan/32/2720_2.png) [@55-Stephan](https://gov.bancor.network/u/55-Stephan)\
**Post date:** [November 15, 2022, 7:22pm UTC](https://gov.bancor.network/t/almanak-x-v3-optimization-recommendations/4108/11 "2022-11-15T19:22:29Z")

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**Tuesday 15 Nov., 2022**

== OFFICIAL RECOMMENDATIONS ARE NOW STARTING ==  
NEW RECOMMENDATIONS ARE IN

The following changes need to be implemented:

- ETH: new swapping fee 0.1988% (from 0.1675%) with TL @ 94.0000% (from 94.6391%)
- LINK: new swapping fee 0.1462% (from 0.0791%) with TL @ 91.0000% (from 90.6589%)
- DAI: new swapping fee 0.1642% (from 0.1587%) with TL @ 92.0000% (from 92.7316%)
- WBTC: new swapping fee 0.2355% (from 0.1964%) with TL @ 94.0000% (from 94.0983%)

Note: there’s no change to be implemented for TL as we have a +/-1.5% margin. The introduction of the margin will be done in-message from tomorrow. In that case above, message will shows “no change” instead.  
This mechanism is to avoid to have to go through the heavy process of updating the TL fro very small changes.

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<div class="post-metadata">

**Author:** ![55-Stephan](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/55-stephan/32/2720_2.png) [@55-Stephan](https://gov.bancor.network/u/55-Stephan)\
**Post date:** [November 16, 2022, 5:26pm UTC](https://gov.bancor.network/t/almanak-x-v3-optimization-recommendations/4108/12 "2022-11-16T17:26:28Z")

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**Wednesday 16 Nov., 2022**

NEW RECOMMENDATIONS ARE IN

- ETH: swapping fee at 0.1988% (no change) with TL @ 93.5623% (no change)
- LINK: swapping fee at 0.1462% (no change) with TL @ 90.7185% (no change)
- DAI: swapping fee at 0.2242% (no change) with TL @ 91.7542% (no change)
- WBTC: swapping fee at 0.2355% (no change) with TL @ 94.1704% (no change)

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<div class="post-metadata">

**Author:** ![55-Stephan](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/55-stephan/32/2720_2.png) [@55-Stephan](https://gov.bancor.network/u/55-Stephan)\
**Post date:** [November 18, 2022, 11:32am UTC](https://gov.bancor.network/t/almanak-x-v3-optimization-recommendations/4108/13 "2022-11-18T11:32:57Z")

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**Thursday 17 Nov., 2022**

NEW RECOMMENDATIONS ARE IN

The following changes need to be implemented:

- ETH: swapping fee at 0.1988% (no change) with TL @ 93.4309% (no change)
- LINK: swapping fee at 0.1462% (no change) with TL @ 91.0497% (no change)
- DAI: swapping fee at 0.2242% (no change) with TL @ 91.6418% (no change)
- WBTC: swapping fee at 0.2355% (no change) with TL @ 94.1342% (no change)

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**Author:** ![55-Stephan](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/55-stephan/32/2720_2.png) [@55-Stephan](https://gov.bancor.network/u/55-Stephan)\
**Post date:** [November 18, 2022, 11:35am UTC](https://gov.bancor.network/t/almanak-x-v3-optimization-recommendations/4108/14 "2022-11-18T11:35:01Z")

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**Friday 18 Nov., 2022**

NEW RECOMMENDATIONS ARE IN

The following changes need to be implemented:

- ETH: swapping fee at 0.2662% (from 0.1988%) with TL @ 93.4455% (no change)
- LINK: swapping fee at 0.3584% (from 0.1462%) with TL @ 91.1433% (no change)
- DAI: swapping fee at 0.2242% (no change) with TL @ 91.7068% (no change)
- WBTC: swapping fee at 0.2355% (no change) with TL @ 94.1363% (no change)

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**Author:** ![55-Stephan](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/55-stephan/32/2720_2.png) [@55-Stephan](https://gov.bancor.network/u/55-Stephan)\
**Post date:** [November 21, 2022, 2:36pm UTC](https://gov.bancor.network/t/almanak-x-v3-optimization-recommendations/4108/15 "2022-11-21T14:36:02Z")

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**Saturday 19 Nov., 2022**

NEW RECOMMENDATIONS ARE IN

The following changes need to be implemented:

- ETH: swapping fee at 0.2788% (from 0.2662%) with TL @ 93.4396% (no change)
- LINK: swapping fee at 0.3598% (from 0.3584%) with TL @ 91.3196% (no change)
- DAI: swapping fee at 0.2809% (from 0.2242%) with TL @ 91.6591% (no change)
- WBTC: swapping fee at 0.1110% (from 0.2355%) with TL @ 94.1262% (no change)

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<div class="post-metadata">

**Author:** ![55-Stephan](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/55-stephan/32/2720_2.png) [@55-Stephan](https://gov.bancor.network/u/55-Stephan)\
**Post date:** [November 21, 2022, 2:36pm UTC](https://gov.bancor.network/t/almanak-x-v3-optimization-recommendations/4108/16 "2022-11-21T14:36:42Z")

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**Sunday 20 Nov., 2022**

NEW RECOMMENDATIONS ARE IN

The following changes need to be implemented:

- ETH: swapping fee at 0.2788% (no change) with TL @ 93.5679% (no change)
- LINK: swapping fee at 0.3598% (no change) with TL @ 91.3277% (no change)
- DAI: swapping fee at 0.2809% (no change) with TL @ 91.6784% (no change)
- WBTC: swapping fee at 0.1110% (no change) with TL @ 94.1318% (no change)

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<div class="post-metadata">

**Author:** ![55-Stephan](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/55-stephan/32/2720_2.png) [@55-Stephan](https://gov.bancor.network/u/55-Stephan)\
**Post date:** [November 21, 2022, 2:37pm UTC](https://gov.bancor.network/t/almanak-x-v3-optimization-recommendations/4108/17 "2022-11-21T14:37:24Z")

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**Monday 21 Nov., 2022**

NEW RECOMMENDATIONS ARE IN

The following changes need to be implemented:

- ETH: swapping fee at 0.1560% (from 0.2788%) with TL @ 93.3165% (no change)
- LINK: swapping fee at 0.7796% (from 0.3598%) with TL @ 91.3921% (no change)
- DAI: swapping fee at 0.7501% (from 0.2809%) with TL @ 91.4764% (no change)
- WBTC: swapping fee at 0.6347% (from 0.1110%) with TL @ 94.0792% (no change)

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<div class="post-metadata">

**Author:** ![55-Stephan](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/55-stephan/32/2720_2.png) [@55-Stephan](https://gov.bancor.network/u/55-Stephan)\
**Post date:** [November 22, 2022, 3:37am UTC](https://gov.bancor.network/t/almanak-x-v3-optimization-recommendations/4108/18 "2022-11-22T03:37:34Z")

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**Weekly Report - Week#46 - Nov 14th-Nov 20th**

[Almanak Weekly Report Web Access](https://docs.google.com/presentation/d/e/2PACX-1vQcf-ugdtonn7tl-NmAMQ-JQyC01R8r8NTKJDH8PN6fr9GY1UoR-sJno8j-MRIfIVS5Hn_LK7ltN3Ov/pub?start=true&loop=true&delayms=5000)

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<div class="post-metadata">

**Author:** ![PaperStreetCapital](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/paperstreetcapital/32/2551_2.png) [@PaperStreetCapital](https://gov.bancor.network/u/PaperStreetCapital)\
**Post date:** [November 22, 2022, 5:07pm UTC](https://gov.bancor.network/t/almanak-x-v3-optimization-recommendations/4108/19 "2022-11-22T17:07:35Z")

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“A positive trend towards deficit reduction can be observed  
The 7-day average deficit shows a stabilizing trend, potentially eradicating the deficit within half a year, if market conditions are favourable. Will need to be confirmed over time.”

Understand this is the first week, but love the trends! Great report and work guys!

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<div class="post-metadata">

**Author:** ![55-Stephan](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/55-stephan/32/2720_2.png) [@55-Stephan](https://gov.bancor.network/u/55-Stephan)\
**Post date:** [November 23, 2022, 11:26am UTC](https://gov.bancor.network/t/almanak-x-v3-optimization-recommendations/4108/20 "2022-11-23T11:26:14Z")

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**Tuesday 22 Nov., 2022**

NEW RECOMMENDATIONS ARE IN

The following changes need to be implemented:

- ETH: swapping fee at 0.2337% (from 0.1560%) with TL @ 93.1596% (no change)
- LINK: swapping fee at 0.7796% (no change) with TL @ 91.3711% (no change)
- DAI: swapping fee at 0.7501% (no change) with TL @ 91.4588% (no change)
- WBTC: swapping fee at 1.4771% (from 0.6347%) with TL @ 94.0274% (no change)

[Next page](https://gov.bancor.network/t/almanak-x-v3-optimization-recommendations/4108.md?page=2)
