I am super bullish on Bancor and am intending to re-stake for the long term. Most of the focus at this time is on LM Rewards, since I am thinking longer term future of the platform there is a few things about the way the fees work that are inconvenient to re-staking. Considering the community is looking for ways to cut down on gas expenses, this problem has come into my view.
Currently, if you stake BNT on the platform, your fees collect inside of the staked position. In order to re-stake them, I have to withdrawal the fees and then re-stake them, creating a new staked position where fees will be collected separately. 2 transactions.
If myself, as a LP, wants to re-stake my way to a full time income and I want to re-stake every 2-3 months, you can see how quickly I will put myself into a conundrum. After 3 years of re-staking I will now have, lets say 9 positions, that I have to interact with twice to re-stake the fees I am collecting. 18 transactions, every 2-3 months. This problem only gets worse with time.
Isn’t there a way that the fees can be collected similar to how the rewards are collected? If not, this problem should seriously be put on the to-do list.
If I am misunderstanding the way things work in anyway, please feel free to delete this post. Thanks.