Make BNT outside of the protocol deflationary & limit newly minted BNT

Whatever the solution is it must be actually be unperturbed by market forces. Think maker/uni/aave.

What happens when there’s a big short on dai, how do they deal with it?

The risk with printing Bnt is that if there’s exist a way to print without limits, we can expect that to be exploited. (Ie. With shorts)

How does bancor limit that, perhaps it has a IL/deficient cover limit correlated to fees earned rather than time.

Because IL and fees are not as correlated with time, which seem to be a wrong anchor to tie compensation to.