/biz/ - Business & Finance

Single asset staking means that ERC-20 project dev teams can put their development tokens in a liquidity pool, to take profits without selling any of their reserves.
Chainlink themselves have said that Bancor v2's advancements with single asset staking, impermanent loss mitigation and dynamic pools provides a platform that would allow "traditional markets" (aka institutions) to get into DeFi as liquidity providers.
No matter how much liquidity it provided on the Bancor protocol, the BNT token value must counterbalance every single trading pair combined, and staked BNT will receive 50% of trading fees regardless of the liquidity depth on the other side.
Two security audits, v2 launch in 3 weeks time, and a one of the most significant shout-outs of another project that Chainlink has ever done.
Market Cap hasn't even passed 100m.
/biz/ is barely paying attention to it because of the endless cacophony of Uniswap bullshit and z-tier DeFi scams

Who else is feeling really, really comfy right now?

I'm done shilling, but I'll answer any questions newfags have, if they want to know why this is the best hold in crypto at the moment.

>https://blog.bancor.network/announcing-kyber-network-crystal-knc-as-a-bancor-v2-launch-pool-b74170f259df
v2 is the next huge lurch forward in DeFi. It's fucking happening.

So here's the gamble: Bancor have claimed to have solved some huge structural issues in trading and liquidity with their v2 release, which is due to come out next month.
IF they have actually solved these problems, and if the launch goes flawlessly from a security perspective, then this is an absolute lock for a huge moon, especially only having a current 70m market cap.

But on the other side of the equation are two questions:
1) Have they actually solved these problems? The code has not yet been open sourced, the solutions haven't been explained in technical detail. Their solutions might not be as good as they say. Crypto projects have certainly promised the world and then not delivered in the past, it could happen again here.
2) Is their code actually up to standard? They have been subject to a number of embarrassing security vulnerabilities, the latest of which was just last week (although there were no significant losses). The code is being audited by Consensys, which gives some security, but given their past history they don't fit into the top tier of coders from a security perspective. A major vulnerability shortly after launch could really take the wind out of their sails.

So there's the balanced shill. There are risks, but huge upside potential if what they are proposing works. Personally I am 10% in BNT on the basis that if they get over the line this is a huge winner, and a huge boon to the DeFi space in general. DYOR.

>https://blog.bancor.network/amplified-liquidity-designing-capital-efficient-automated-market-makers-in-bancor-v2-3cec8891c3a1
Bancor are aiming to provide liquidity solutions to DeFi, making the new generation of DEXes cheaper, more feature rich and more liquid.
They have a significant v2 release coming out in a month. If their v2 delivers on its promises then a critical tool will have been added to the growing DeFi ecosystem. Single asset staking, low slippage trading, one-click accessible liquidity pools.
This isn't about "my DEX is going to beat your DEX", this is about a growing suite of tools that together create value, utility and (finally) real competition to centralised exchanges. They are not in competition with 1inch, Kyber, Uniswap etc, they are aiming to bring liquidity to the entire ecosystem.
In the interests of full disclosure they did have a white hat hack a week ago, but losses were minimal.

DYOR. At a 50m market cap, and with the current enthusiasm around DeFi projects, this is well worth some of your attention.