/biz/ - Business & Finance

>>19925624
Because the Community Call is obviously going to be a success. It's their opportunity to showcase their tech and they obviously have it to a point that they are happy to make it public.
So between now and the actual v2 launch you have a huge hype period.
Then there might be a "sell the news" for the actual launch, but after that there is only one question, and that's whether the security holds up. Two simultaneous audits would make you pretty confident.
So if we have no vulnerabilities, and a successful launch, then it is almost guaranteed Bancor will take its place among other successful Chainlink-DeFi projects like AAVE and Synthetix.
>One of the top earning defi protocols already
>Huge incentive to hold BNT and get half the staking rewards
>Increase in BNT price means increase in liquidity which means increase in BNT price etc
>Single asset staking, no imp loss and marginal slippage are huge drivers
And on top of that the market is in just the right level of sentiment. DeFi is hot right now, projects have already succeeded, multiple Chainlink-DeFi projects have had huge gains, and Bancor is still rank 80 with a bunch of non-event shitcoins. It's the perfect storm.
The entire gamble is whether two audits miss a critical vulnerability. The upside is enormous and very close to being realised.

>>19917787
Here's the quick rundown. The team is proposing some very significant advances to liquidity provision and automated market making. They have a community call on the 29th where they will lay out the technical specifications of these solutions, and then the version 2 launch with these features is intended for July.
The code is currently undergoing an audit from Consensys diligence and 1inch.
A successful launch will be a huge step forward for the utility, cost effectiveness and competitiveness of DEXes, as well as the best opportunity so far for low cost, high return liquidity provision.
Disclaimer: Bancor had had a series of security vulnerabilities through its lifetime, the most recent of which was just last week, although it was discovered by the team and losses were minimal.
In any case, single asset staking and the Bancor token's intrinsic value as the "other half" of single asset trading pairs makes this a very attractive buy, as well as an exciting project for people who are following DeFi, especially Chainlink-powered DeFi.

Who else is going to be staking BNT and LINK from next month?