/biz/ - Business & Finance

>>49898661
BNT doesn't dump just from hyperinflation
BNT has only 2 uses:
1) be staked in bancor pools for APY
2) be given to liquidity providers as a reward and to make up for any impermament loss

if both those use cases are lost, the token is officially worthless. 2nd use case is already lost (until they restore ILP, but then the hyperinflation scenario is back) and the 1st case is in danger once everyone is out of the protocol and the APY is not enough to justify the increasingly massive exposure risk

so i wouldn't worry too much about shorters
the overwhelming majority of them are already in the green so it's not like they're running out of time
looks like the only "strategy" of the bancor team right now is to wait for a miraculous BTC pump (getting all altcoins to pump as well) to kill the shorts and pray that things will not collapse until that happens. while a BTC dump would give the shorters even more profit and even more time to stay in their positions