wBTC and ETH deficit

Hello community.

It’s been three years since the death spiral. I’ve been patiently waiting out any news of recovery for the major pools still in deficit and personally have large bags stuck in them. I’m having trouble figuring out if any active initiative is being made to make holders whole.
I’ve been lurking in Discord, lurking on this governance forum, monitoring tweets from the official Bancor account. Nothing substantial, just a steady stream of integration announcements and nothing about the deficit.

I know there’s Carbon and fees, maybe some other new things recently - but I check on the Dune deficit dashboard every month and the situation is never better. So clearly nothing is being done about the deficit or nothing is helping much. I’m sure there are others who have just been waiting all this time as well. For me, I’m about ready to throw in the towel. I’m tired.

But before I do, I want to make my voice heard. Bancor needs to take responsibility for the false IL protection promises or come clean about how reparations are never happening. It’s impossible to find information about what the team is working on and if this is even still on their radar. Hell, I don’t even know who the Bancor team is now, if they still exist. Is anyone owning the recover plan for the deficits?

The community needs clarity and closure.

1 Like

+1 on these views.

I’d like to begin seeing a monthly report or something clarifying the progress that is being made.

Also, it’d be great to understand the capacity of the current team and then perhaps create a private channel where only verified users with funds stuck can privately discuss ideas of how we might get the pools out of deficit.

If we leave this much longer I suspect this governance discussion room will become a ghost town and nobody will be left with any hope.

Surely if we band together, we can come up with some strategies to begin moving the needle.

Would love to hear feedback from all team members rather than just one spokesperson please.

I also can’t connect my metamask to the Bancor app page through chrome anymore. What’s going on with that?