/biz/ - Business & Finance

- Staking rewards is number 1 priority once v2 is out of beta

- Team is looking into making it possible for US user to access with legal dept

- Nate on insurance:
"we have a $500K LP Protection fund that we're announcing the details of soon"

- Nate on pool fee splits
I can provide liquidity to this pool with %100 exposure to LEND or 100% exposure to BNT.
If I am providing liquidity with lend I will receive fees in LEND
If I am providing liquidity with BNT I will receive fees in BNT

Roughly 50% of fees go to the LEND side of the pool, and 50% of fees go to the BNT side of the pool.

An interesting effect of this 50/50 fee split is if one side of the pool ever has more liquidity, the less liquid side is generating higher ROI, so there is an incentive for LPs to balance the sides out at all times.

- Nate hinting at future pools: "that's a fair assumption - that every Chainlink-supported token will have a V2 pool upon full release"

- How can projects incentivise LP's?
Nate:
Projects can set up staking reward programs on their pools.

They can incentivize the base token side of the pool.

Soon Bancor Protocol will start generating staking rewards via the BancorDAO and those rewards will land on the pool as well. So ultimately, as an LP you stand to generate for "streams" of revenue:

1. trading fees
2. project incentives
3. BNT rewards
4. lending interest (a portion of staked liquidity can be simultaneously lent out on aave, and “unwrapped” for conversions & withdrawals)

>>21044039
>more pools getting added
>pool caps getting lifted
>DAO deciding on inflation payouts to stakers
>all BNT getting staked in pools
>liquidity amplification making Bancor the go-to for all ERC20 trading.
Why the fuck are you worried about dumping, lmao, the only news in the coming months is bullish as fuck.
>>21044187
Ehh that would require a massive bullrun, I'm looking at $20-$30 in the medium term.

Staking already exists for BNT chads. Maybe it's time you woke up.

>>20828942
>green BuUY ID
I'll take that as a sign.

D

>sexy UI
>add liquidity with a button click
>liquidity amplification
>single asset exposure
>impermanent loss mitigation
>complimentary blog post from Chainlink themselves
Yeah I'm thinking we're going to make it really fucking soon.

Based thread from earlier with probable insider:
>>>20590978