/biz/ - Business & Finance

Can any Bancor chads explain to me what happens if LINK goes absolutely nuclear?
I've done my research and from what i understand, hypothetically if LINK goes to $1000 in 2 weeks and a bunch of LINK LPs want to withdraw their LINK from Bancor..

Then Bancor will be printing literally millions and millions of BNT to compensate for IL, driving the price of BNT to 0 and exposing all the LINK LPs to impermanent loss anyway, because the BNT they end up receiving to compensate for IL is effectively worthless

So tell me, what happens if LINK goes to $1000 tomorrow and LINK LPs on Bancor choose to withdraw their LINK with 100% protection?

>>28510587
Damn, if only there was some way to provide liquidity that didn't have impermanent loss like Uniswap does
Oh well, i guess nobody will ever be able to solve this problem...

I'm making $350 a day staking on Bancor, how much are you making?

BNT is BTC 2008. Hardly anyone knew or understood what owning BTC would become. Today in 2021 few understand what it means owning a % of the first AMM.

Huge volume and TVL spike. over half the BNT supply locked and growing. something is seriously brewing here.

Explosive and long lasting, there hasn't been a yield farming setup like this before.

Huge habbening at Bancor taking place right now.

Just confirmed with my sources. Bancor protocol will become the largest Dex by volume, liquidity, and user staking. This is THE hidden gem of hidden gems.

Major moves are about to be made in BNT. No Impermanent loss and high apy% in pools, you should be accumulating all that you can

is there any reason to hold this or is it purely for staking

Thanks /biz/

So what's the latest? Good time to buy more now? I'm just looking for a short term 20-30%, nothing crazy

https://medium.com/@bancor/proposing-bancor-v2-1-single-sided-amm-with-elastic-bnt-supply-bcac9fe655b

IT'S FUCKING HAPPENING STRAP IN LADS

BNT $10 EOY

I'm so fucking excited

Anyone still holding Bancor?

I'm 60% down right now. My last hope is Nate actually pulls off a full v2.1 release otherwise I'm going to be rekt

Now that UNI released their token, Bancor V2 is as good as dead.

>I FELL FOR A JEW SCAM
AAAAAAAAAAAHHHHHHHHHHHH

Someone explain this humongous fumble to me. Just....

>I am forgotten

I have no mouth and I must hodle.

HELP I WENT ALL IN AT 2.30 AND NOW IT'S AT 1.50

>It's just all so tiresome edition

>Full V2 launched pushed back for "30 to 60 days", devs refuse to commit to release date or release V2 performance stats

>devs confirmed that there's going to be no v2 update for the next 1-2 months
fuck the bancor fudder was actually correct