/biz/ - Business & Finance

>>19806029
Kek. Sergey is a fucking defi god.

>>19806029

Single stinky staking with 100% stinky exposure with no impermanent loss makes chainlink defi king

Liquidity black hole, it’s happening. If you know, you know that you know.

>>19806029

Will chainlink provide the oracles for Orion protocol?

BNT’s new tokenomics with super high staking rewards and BancorV2’s new pool design with 0 impermanent loss enabled by Chainlink will cause all liquidity to flow to Bancor's pools, creating a feedback loop of larger liquidity pools --> super lower slippage --> more trade volume --> higher staking rewards and more demand for BNT.

Big fucking win for LINK, BNT and DEFI yield farmers.

>>19806209
This is the liquidity black hole redpill. I’m going to frame this pic in the citadel when link & bnt @ $1000 USD

>>19806233

LINK BASED AND BNT PILLED

>>19806183

Exactly.

Because Bancor V2 with Chainlink oracles enables 100% single token exposure (staking of any supported token) Bancor liquidity pools will suck up even more assets & liquidity. This and an improved Bancor bonding curve with liquidity amplification will create super low slippage that rivals centralized exchanges.

Liquidity aggregators like 1inch, DEX AG, Kyber and Paraswap will come to source the vast majority of their liquidity from Bancor V2 pools with Chainlink integration.

If you know what this means for BNT price pressure. You just know.

If you know what these means for LINK's increased utility in securing DEFI and LINK supply, you just know.

>>19806410
Got any deeper reading on BNT, anon?

>>19806506

Yes fren. See the original BNT red pill posted by DGD ANON in February (attached). Basically predicts everything that's happening with Bancor right now exactly.

Also recommend reading about the BNT staking rewards that are supposed to come soon after Bancor V2 is live: https://blog.bancor.network/bancor-staking-rewards-ad432e5d590d

The pumpenomics for BNT are sperg level. Few understand this, but plebs will wake up after BNT Coinbase listing. Still early... but not for long...

>>19806556
I'll look into it, thanks. Really feels like there is a level of traction under these projects we havent seen since 2017.

I’m still trying to figure out how they are killing impermanent loss. They said they each AMM’s reserve values will stay constant. But how if market prices of tokens always changing.

Technicals details apparently coming soon.
Any guesses beforehand?

So isn't a scam after all?

>>19806618
Amateur hour is over. Big boys stepping in to pick up the slack and give some long-awaited credibility back to the cryptosphere.

>>19806618

Kek. Agreed. DeFi 2020 has 2017 vibes.

DeFI coins, particularly in the liquidity / AMM space will pump the hardest IMHO.

These projects are actually delivering utility and value to holders and stakers. Very high incentives and yield potential, and with Bancor V2 / Chainlink the biggest risks of staking are killed off.

No impermanent loss, single asset staking and low slippage mean you stake your LINK or any other token and only have exposure to that asset. You collect fees from trades and then when you withdraw you get at least your original stake back, but in vast majority of cases will get back original stake + the accumulated trade fees. ( GAME CHANGER / NEVER BEEN DONE BEFORE / MASSIVE IMPLICATIONS FOR DEFI SPACE )

Then when the staking rewards are added on top and lending protocol integration is added (also part of Bancor V2) the yield farming potential is next level kekkery.

Chainlink is very strategically positioned to become the standard oracle service for this whole space and we are lucky enough to be here on the ground floor as these opportunities are arising again.

>>19806656

It’s about time.

>>19806029
>Tfw knew about Bancor since 2017
>Missed a x4 because I couldn't be bothered to DMOR
>Only remembered Bancor as the jew coin that got justed
The weird thing is normally after a random coin pumps x00% I feel absolutely no FOMO because I know it will correct anyway and probably even crash (like most pajeet scams do). This however, feels different.

I've been reading up on a few articles and it looks legit. Any reading recommendations? And what's the deal with the white hat hack they performed yesterday?

>>19807174
Are you me

>>19807174

>>19807174

Deal with white hat was Bancor discovered a vulnerability in newly released code, even after code audit. They white hacked their own contract to protect user funds. $450k saved and is being sent back to users, but a couple of arbs front ran some of the white hat TXs taking $100k+. Apparently those funds are being returned soon.

interesting reading: https://blog.bancor.network/unlocking-single-token-exposure-in-automated-market-maker-liquidity-pools-40750968b2ee

there’s more out there just look

>>19806209
Explain for brainlet

>>19806209
Soo how can I start farmer this said yield? brainlet here with only 75k link. do I need some bnt?

>>19807600

When Bancor V2 is live you will just stake your LINK in a BancorV2 LINK pool and collect yield from trades fees. You won’t even need to buy BNT to benefit from this.

>>19807563

More liquidity in a pool let’s more trades pass through. The more trades the bigger the volume. The higher the volume the higher the yield for staking. It’s a perfect loop.

This, plus added rewards for specifically staking BNT, will lock up majority of BNT supply (like SNX ) and create high demand for BNT. You do the math.

>>19807845

.... one more thing, adding liquidity to Bancor pools ( with any token ) has a direct impact on BNT price (drives it up).

It’s a DeFi brah.

>>19807287
Do you also have a pitiful small stack of LINK?

>>19807469
Thanks for the information. Any thoughts on the team? I just read Bernard Lietaer died last year, that's a shame.

Ps: Anyone else got 2017 Bancor memes? These were the only 2 I could find in my /biz/ folder

>>19806029
>4.13

Good Yahweh I'm excited for you guys.

>>19807845
You got to admit, the jews know how to make cash. This is not something that just develops in a goyims brain.

>>19807888
Holy shit how many normies are gonna kill themselves for listening to the news.

>>19807961

Old heads, Bancor Jew and crew out of the picture no longer relevant. Current team took over in November last year and hard pivoted focus to developers and defi. they re-did the token model, got rid of eth reserve in bnt and airdropped as a “pool token” (called ethbnt) on bnt holders - basically instantly creating 40k defi users on bancor with stakes in the ethereum pool. now they’re redoing the pool design with v2 that ends impermanent loss and all the other stuff, with staking rewards and dao coming later. overall it’s basically a much stronger project with better more focused heads running it still under the same brand name. has a good shot of making a serious come back if bancor v2 works out. could be competitive with uniswap or maybe take over and become top dex again. time will tell.

>>19806029
i knew it was a scam this is 100% proof

>>19808534
It doesn't have to be the top DEX. It just has to have the most liquid pools, which it will, and all the volume of aggregator protocols like Kyber and 1inch will go through Bancor. Kyber already did half a billion of volume this year. With tiny slippage because of V2, volume will become ever greater as people won't even need centralized exchanges anymore to make decent trades.

>>19808534
Solid shill anon, sounds good. Looking at the articles being pushed out since november and the actual improvements made to the product, it feels like the new team has way better focus and feeling for what the DeFi market needs right now.

I will be doing some more homework on how exactly the AMM works and what the roadmap looks like, but I did buy a small bag of Bancor (1k) just so I don't kms if it starts pumping again. Thanks anon.

>>19808534
Gonna buy a bit just in case. I'll look more into it. Thank you, anon.

>>19808649

Thanks anon. Your assessment is accurate. You can see the pivot and change in style when looking at what’s happened with Bancor since late last year. The focus is a complete turn around from what it was before and for the first time ever, Bancor ( and BNT ) actually have perfect product market fit.

Whats interesting is that there was so much fud about bancor from oldfags that bnt became extremely undervalued.

those keen enough to see the recent pivot when it happened managed to pick up a lot of cheap bnt at the very bottom before it started getting shilled again. it’s still relatively early though. token still undervalued heavily based on price to earnings ratio ( pe )

hope for your stack and mine that the v2 delivers. my bet is that it will.

>>19808645

You’re right.

>>19808968
Not to mention they completely dumped their ICO bags and all BNT is currently in circulation. They bought back BNT on binance causing the pump to 82c 2 weeks ago. Tells you what they are expecting regarding BNT price.

>>19809108
How much did they buy?

tl:dr realistic price estimate within 3months and end of year

>>19809846
It's going to repeat the USD ath. After that, who knows.

>>19809918
so it's gonna plummet and rise?

>>19809846
I think I will cash out at $15 before EOY

>>19809846

3 months - $3 to $5
EOY - $10+

sooner if coinbase

>>19809846
if meme BLM penny stocks can go 30x overnight in today's investing environment then surely it's not a stretch to ask for 100x EOY. Maybe 10x by August.

>>19810021

>>19810155

You just win brah. haha

>>19809973
What are you talking about mate, it was >$10 in 1/2018

>>19807563
it's basically a shell game scam. That's it.

>>19806734
so we are members of The Tribe now?

>>19810292
spoonfeed me

can someone explain me how the liquidity black hole works and how this is going to affect it?

Should I sell my aave and comp for bnc?

>>19809255
the backed up the truck anon. these guys have millions in their war chest

>>19810466

https://twitter.com/short_cirkitz/status/1273156964328095746?s=21

>>19810500
>https://twitter.com/short_cirkitz/status/1273156964328095746?s=21
keep have sell comp

>>19810748
I'll prob keep a bit of comp. But trade most of it for bnc.

>>19809255
800K apparantly

https://twitter.com/Simp2win/status/1266376266615189506?s=20

Well I got some bnc. Whats a suicide stack?

>>19811000

All in BNT

>>19811257
>bnc
what is you doing anon

>>19811738
Bnt*

Comfy as fuck,

Rode LRC
Rode LEND
Rode KNC
And now riding BNT

GET ON MY LEVEL BITCHES

I have a few dollars laying around? from here it can do a better increase than link? diversification is a meme or in this case useful? Can BNT still do well even if Link gets in trouble?

>>19806029
>ends impermanent loss
too good to be true. inb4 everyone has perment losses from something unexpected happening

>>19812465
No because fat protocol thesis. defis are the application. Link the is the protocol beneath, an application cannot exceed the value of the protocol.

>>19811738
Please help them yung bulls

>>19812521
He's asking if it will increase more than LINK, which it will.

Bancor itself is also a protocol