/biz/ - Business & Finance

Meanwhile, I am financially comfy

>impermanent loss

huh? never heard of it

>stupid coins

What the fuck did you just fucking say about me, you little bitch? I'll have you know I graduated top of my class in the DeFi, and I've been involved in numerous secret raids on Uniswap, and I have over 300 confirmed impermanent-loss protected pools. I am trained in jew-jitsu and I'm the top AMM in the entire defi space. You are nothing to me but just another target. I will wipe you the fuck out with precision the likes of which has never been seen before on this /biz/, mark my fucking words. You think you can get away with saying that shit to me over the Internet? Think again, fucker. As we speak I am contacting my secret network of jewish lawyers across the USA and your LP is experiencing impermanent loss right now so you better prepare for the storm, maggot. The storm that wipes out the pathetic little thing you call your position. You're fucking dead, lad. I can be anywhere, anytime, and I can kill you in over seven hundred ways, and that's just with my protocol. Not only am I extensively trained in market making, but I have access to extremely deep and autism approved Linky Liquidity and I will use it to its full extent to wipe your miserable ass off the face of the internet, you little shit. If only you could have known what unholy retribution your little "clever" comment was about to bring down upon you, maybe you would have held your fucking tongue. But you couldn't, you didn't, and now you're paying impermanent loss, you goddamn idiot. I will shit money all over you and you will drown in it. You're fucking dead, kiddo.

>>29542274
Arbitrum is launching in march. They have a working test net since early january.

>>29432158
Just wait until you read about the Vortex

>>29338528
>Will i make it?
There is no doubt.

>>29049398
Never sell more than what you are comfortable with bro. It's all about being comfy and holding the keys to the future with LINK and BNT. The God protocol and the Market to end all markets (soon to be powered by the god protocol, since devs are in talks to make oracles work for us after the first LINK implementation was too slow for the market) - you love to see the combo.

For all you little leverage lovers, look into this thread https://twitter.com/Simp2win/status/1362204772871393280
I'm not normally a twitter tranny, but these are whales with close to 1M USD value locked into bancor. Don't rek yourself, and ride their waves for easy gains if you're a small fish. Let them do the lifting and snack on the scraps.

If you have the cash to spare, buying vBNT when the ratio is below 0.6 and selling when it's closer to 0.8 or 0.9 is a nobrainer. The protocol will be helping you "pump" your bags since it is designed to buy and burn vBNT to get the peg up.

>>28936226
With Bancor, you are the Banker.

Why are Bancor threads always so comfy?

>>28781522
Brainlet explanation:
https://twitter.com/DeFiFrog/status/1359268916799840256
>100% impermanent loss protection after staking for 100 days.
>Great yields, great volume, TVL on platform is steadily climbing. 100m in january 2021, 550m now.
>Team are true OG status, invented the protocols that AMM like Uniswap use
>token itself sitting at 450m marketcap vs >3b for it's competitors
>L2 based on Arbitrum coming; testnet since early January. Front end interface for test net was just released. 50x reduction in gas fees as soon as it's out.
>limit orders and general UI update coming very soon
>Bancor Vortex being rolled out as we speak, gives Bancor Aave-like functionality: you basically get a token to spend on other shitcoins or restake for your collateral in BNT
>favored staking platform of huge Link whales. Bancor has the most Link liquidity out of any dex.
>Atomic LP swaps from/to other pools coming
>Polkdadot bridge coming
Big brain explanation:
https://www.youtube.com/watch?v=SbUqcbNqQ-Y

#1 IL protection. Not as impactful during a bull market but larger stacks looking generate revenue from providing liquidity will obviously want IL protection when things settle down or go south for a while.
#2 Single sided staking. Wanna stay all-in on your token of choice and still provide liquidity? Bancor is your guy.
#3 Vortex. You get vBNT from staking your BNT that you can swap for different coins if you think they will outperform BNT, then swap a portion of the tokens back to vBNT to unlock your BNT stake when you want to.
#4 Massive growth in TVL, #1 pool for locked Chainlink. Marketcap hasn't gone up proportionately. Sitting around 500m while competitors with inferior tech and higher swap fees sit at 10x that.
#5 Working demo on arbitrum testnet with 50x lower gas/swap fees.
#6 EOS bridge up and running, actively building a Polkadot bridge
#7 Sweet sweet passive income with insane APY% (for now). Tons of linkwhales chilling in LPs.

There are none better than Bancor, especially if you have 100k+ to stake

>100% impermanent loss protection after staking for 100 days.
>Great yields, great volume, TVL on platform is steadily climbing. 100m in january 2021, 550m now.
>Team are true OG status, invented the protocols that AMM like Uniswap use
>token itself sitting at 450m marketcap vs >3b for it's competitors
>L2 based on Arbitrum coming; testnet since early January. Front end interface for test net was just released. 50x reduction in gas fees as soon as it's out.
>limit orders and general UI update coming very soon
>Bancor Vortex being rolled out as we speak, gives Bancor Aave-like functionality: you basically get a token to spend on other shitcoins or restake for your collateral in BNT
>favored staking platform of huge Link whales. Bancor has the most Link liquidity out of any dex.
>Atomic LP swaps from/to other pools coming
>Polkdadot bridge coming

You guys have no idea how comfy it is to stake blue chips on Bancor.

>>28640262
The more I read this sort of FUD, the more I am convinced Bancor is basically Link-tier when fully deployed.
Ultra brainlets like it for the memes and the numbers going up
Midwits ree and throw around nonsensical arguments on the level of "noooooo you can't just capture all the value in the world on smart contracts what if Y does a 10000000x in 2 attoseconds and crashes the markets noooooo"
While 200 IQ chads are in agreement that it is indeed the undervalued defi blue chip that has done nothing but over-deliver in the past quarter.
Stinkies and Bancies are best frens indeed.

Rich Jewish Edition.

>What is Bancor?
Bancor is an on-chain liquidity protocol that enables automated, decentralized exchange on Ethereum and across blockchains. It protects pool users from impermanent loss, and will soon offer a lending and leveraging option with Bancor Vortex.
>How do I make money with Bancor?
You wait for the token price to go up as the total value locked into the protocol goes up, or you stake your tokens in the various pools. This is safe, secure, and a nobrainer if you hold more than 2000 BNT. If your BNT amount is below 2000, it depends on gas prices and how bullish your sentiment is. Yearly rates are upwards of 100% currently. That means even if BNT crabs until Feb 2022, you will double your money.
>What's the catch? Surely there's no way?
The catch is that you'll develop an addiction to refreshing https://app.bancor.network/..

Be honest with me, have you ever had a hold this comfortable before?

>>28573640
Sure.
>Buy BNT
>Move BNT to a supported and safe wallet. Ideally hardware wallet. Metamask hotwallet if you don't have a HW wallet. Ensure good opsec.
>If using hardware wallet, connect to Metamask
>Visit https://app.bancor.network/eth/data/
>Select your pool of choice. Bigger pools are nice and stable and have potential to capture traffic spikes due to aggregator routing, but this is personal preference. Be warned that stablecoin pools are least likely to get renewed for liquidity mining long-term due to their cost to the protocol, but nothing is set in stone.
>Click on the little blue + next to your chosen token
>Follow steps on the page and accept Metamask prompts.
>Sit back, relax, have a cup of coffee, a nice scotch, a cigar, or a refreshing glas of water if that's your style.
>Enjoy the life of a wealthy Jewish man with many wall street connections.

>>28510293
At current gas fees you want at least 2k-3k BNT for staking to be worth your time short-term.
If you're hyper bullish and absolutely MUST stake, then it might be worth it for a tiny stack but beware it'll take you a few months to break even on gas fees.
Even without staking BNT is still very based and extremely likely to do a 20x
With Jews, you win.
Just hold onto your bancies and drop them into a pool once gas fees are down with L2 or when the price of BNT has taken off like a missile and your poorstack is now a chadstack.

Taking kike advice and dumping all your crypto.

How gullible can a goy get?