/biz/ - Business & Finance

>>24050841
BTW I wouldnt say that having protection from impermanent loss and single asset staking is a side note. Literally no other AMM offers that. So this plus the insane high yield liquidity mining program on Bancor now makes me think Bancor will quickly become THE standard for AMM staking. Why would you stake anywhere else when you are forced to stake on both sides of the pool and suffer impermanent loss when withdrawing your liquidity? Seems like a brainlet move. Bancor TVL is going to $1B easy very soon. Can also see that intense buy pressure to purchase and lock up BNT in those pools is going to limit BNT supply on exchanges and drive up demand, making BNT incredibly valuable in a very short period of time. This is exactly what happened to SNX in 2019. This is on another level though with the impermanent loss protection and single asset staking. Oh shit and there's also multipliers of your yields if you leave liquidity in Bancor's pools long term. Seriously. Anyone not staking on Bancor now hates money and deserves to stay poor.