I don’t quite follow how one would wanna keep it if there’s no way to bridge back into ZNN after, other than selling and buying native ZNN elsewhere? Let’s say the bridge is deprecated, and one LP wants to get back to ZNN, he’d have to sell his wZNN using Pancake, and then buy native ZNN elsewhere right? But what happens to the last few LPs when they also wanna get back to ZNN, what liquidity will they use to sell wZNN so they can get buy back into ZNN? The last LPs of a bridgeless BSC wZNN are gonna be in trouble, no?
IMO it’s safer for LPs to swap back to native ZNN, and then reposition themselves into a new pool once @sumamu’s interop solutions are rolled out.
the new bridge will support the current contract if I’m not mistaken, so as long as you’ll get a way to get back to native ZNN in the next months, it’s not worth removing all the liquidity we have now and try to build it again once the new bridge is live.
Coordinating and bridging from BNB Chain to Zenon Network seems like the smart thing to do. I would vouch for that sensible approach and applaud aliens coordinating that effort. Advising bridge operators of the increase influx of transactions that day is also in order.
Disclaimer: I exited my LP position like a month or so ago, in a dump. Mostly to increase ZNN exposure and to avoid the (hopefully) impermanent loss on the way up. But I provided liquidity non-stop since day one, hack and all.
There is a risk of confidence loss if ZenonOrg removes its 31% share position.
If it doesn’t weight the risk of keeping the liquidity in BSC wZNN, it may have its position stuck there if no BSC wZNN to ETH wZNN bridge is made available. From what I understand, there is no guarantee when or if it’ll happen.
It would also make sense for LPs to wait for hummingbot to arrive on Stex or a new wZNN ETH pool to come around – but if the legacy bridge is deprecated before the new bridge comes around, then the LP risks being stuck with potentially illiquid BSC wZNN.