/biz/ - Business & Finance

>>30385453
my only regret is not buying more

Staking 10k link and 1k BNT. Am I gonna make it?

I've got 10k link staked, and a little over 1k BNT unstaked (unsure whether to stake now or wait for L2/Arbitrum for gas fees to be worth it).
Am I going to make it?

chadcoins only
>shitcoin swingers NOT welcome

>link
>bancor
>aave
>snx
>etc.

Bancorbros - i have never been more comfy. UNI just pumped $8bn in a night. the same influx to Bancor would 10x the price to $50+. stock up on this dip and prepare for the make it train.

>>29021165
>>29021381
bancor solves both of these, single sided and impermanent loss protection. congratz, you've just been banc pilled.

just jammed 2k LINK in, thanks for whoever made space, sorry if I stoled it =D

>>28884716
>you was laughing
>telling the worst things
>"good project man" much much
begone ESL, rich whites only
>>28887217
The only risk (i just did the same thing) is if LINK flash crashes 50% and you default and lose your 5k LINK. That's why most people only take out 25% worth of the collateral. ie. I put up 6k LINK and only took out 30k USDC. Also, as other anon said, I too made the mistake of taking out ETH. Couple days later realized I was gonna JUST myself hard asf owing 150k$ when ETH is 10k at bullrun peak vs. owing 30+interest. and dude, the rewards will get renewed. Just stay in the LINK/ETH/wBTC pools to be safe (the other less pools *may not* get renewed, those always should)

i just picked up a 10k sui (with an aave loan off a small fraction of my link) safest bet in the game. vortex is gonna shift all the momentum to banchads

>>28629977
This is fundamentally how money markets work anon. Yes, if it moons to pluto and EVERYONE withdraws then bancor is kind of fucked, even though the fees would also moon to pluto in the same timespan as a counterbalance.
In the same vein, your bank is fucked if everyone withdraws.
Hedgies are fucked if every boomer withdraws.
The economy is fucked if everyone stops printing.
Bitcoin will go to zero if everyone sells.
See the pattern here?
What would realistically happen is that LINK might violently moon, fees would spike, BNT would moon because the LINK TLV in the protocol is now batshit insane, some marines would cash out and buy lambos, other whales and whoever pumped LINK to 1k in the first place might move into the Bancor pool to get fuckyou money on their stack.
COULD it get ultra-rugged if everyone withdraws? Yes.
Is it likely or in line with basic market actors and human psychology? No.
Linkies and Bancies are natural allies.

>>28491338
>Take 1million and stake in on BANCOR
took a loan out against my LINK today to get 10k BNT

>>28461491
It's like flipping burgers at McDonalds.
24 hours a day.
7 days a week.
365 days a year.
Without ever setting foot in a McDonalds.
Or lifting a finger.

>>28325501
the stinkiest amm

>>28317993
Dictionary.com, which added womxn and 300 other words to its dictionary in 2019, defines womxn as "a woman (used, especially in intersectional feminism, as an alternative spelling to avoid the suggestion of sexism perceived in the sequences m-a-n and m-e-n, and to be inclusive of trans and nonbinary women)."

My bancies feel so comfy.