Hey gang, is the Vortex burn still operating on BNT? I noticed the supply has been stuck at 119.5M for quite a long time and nothing is accumulating at TokenHolder | Address 0xeBcC959479634EEC5A4d7162e36f8B8cc763f491 | Etherscan
Great to see so much traction for Carbon, but we have to keep burning as much BNT as possible for the locked LP’s! Thanks.
Also noticed fee records listed here, but this can’t be right as the cumulative fees graph only says about $15k in fees captured life-to-date. Knowing that millions of BNT have already been burned, this can’t the correct record. Would someone kindly to explain to me if there’s any way to monitor total fees on the Carbon network? Thank you!
Hi, please take a look at this proposal that outlines how to handle the Bancor 3 Vortex:
Hi @foxsteven, thank you for pointing this out. On that proposal, the author pointed to this tool where pending fees can be viewed on Line 9.
Currently that number says 72447.5 ETH. This can’t possibly be the correct number for “pending” fees as it would be equivalent to hundreds of millions of BNT. Could anyone please help me understand what this number in Line 9 means and how to accurately view the current pending fees? Thank you!
In this case it means 72,447.5 BNT. Thats just a unit converter
It is not stuck and to give you a comprehensive answer around the source of fees see below:
The fees metrics for the Bancor Arb Fast Lane can be found in Dune (see link below) for most of the blockchains where it is currently deployed (although there are a few that are not there yet due to no Dune support for those blockchains)
https://dune.com/bancor/arbfastlane-ecosystem
You can read more information about the vortex and what it does here:
https://dune.com/bancor/carbon-defi
These fees are also sent to the Carbon Vortex in order to be consolidated into a single token.
To track the balances that the Vortex has, you can check the following smart contracts below. There are more addresses but these are currently the ones that get utilized the most and therefore see the most amount of fees.
https://basescan.org/address/0xA4682A2A5Fe02feFF8Bd200240A41AD0E6EaF8d5
The above covers the new flagship protocols of Bancor but there are still legacy protocols of Bancor on Ethereum (these are mainly v2.1 and v3).
The v2.1 protocol sends its fees to the Bancor Vortex on Ethereum (the address is listed above). For Bancor v3, the fees collect under pendingnetworkfeeamount as you have already figured out.
This should cover all the fees in the Bancor ecosystem.