Discussion: Bancor Improvement Thoughts

[glenn]

This one is from @JBsmood

Preventing a future black swan event:

Preventing future black swan events: A simple solution would be to introduce an ILP protection withdrawal fee that triggers ONLY during extreme market conditions. This withdrawal fee mechanism would be dynamic and would monitor the potential ILP minting in cooldown. In extreme market conditions, a potential ILP threshold would have to be met (like a bank run). If met, the withdrawal fee would max out at 99%. Meaning almost no ILP. The withdrawal fee could burn BNT or Vortex it. This mechanism wo…