/biz/ - Business & Finance

>>20599996
When you stake your linkies in the pool you receive pool tokens in return. the pool tokens represent your linkies plus the percentage of pool fees you are entitled to. as fees accumulate in the pool they are automatically distributed to the pool token holders. Whenever you want to take your linkies out you just sell the pool token by swapping it out for linkies. you’ll receive your linkies back plus the fees u generated. u do not need to stake BNT and can opt to maintain full LINK exposure. Mitigated is more accurate language than eliminated. If contracts get hacked there will be precautions put in place that protect user funds. BNT powers the network. It processes all swaps, enables crosschain, protocol rewards customization, network effects (more bnt staked = more liquidity on whole network & more BNT bought more liquid the pools) + community protocol governance in the Bancor DAO which is coming later this year.