/biz/ - Business & Finance

fuckkkkk ya WHEN?!?!?!??!

>>23255410
We're symbolically voting for the update on the 14th (tommorow) and the update will go live in the next few days afterward.
Be early. Shits gonna get crazy

>>23255032
>150% APY
scam

>>23255440
hellll yes brother! waiting in the wings for when this drops

>>23255032
Price prediction by eoy?

>>23255032
How the fuck do I buy this in the us

I've been waiting for this for a couple weeks when I made a thread awhile back about getting passive returns on my LINK without losing to IL or rugpulls. I was happy with the idea of 20% if it was more or less safe. YFI vaults suck now. So LINK will be a viable option to stake in pools? I read a little bit on how single asset pooling works. They just changed the formulas to allow it to work and otherwise its like regular pooling right? I could never worry about money again getting a consistent 20-25% annually. Anything over that is madness. I'm going to check if Nexus Mutual has Bancor smart contract insurance.

>>23255788

Wow cover costs on Nexus Mutual has more than tripled for basically all of the options

>>23255440
When is the vote tomorrow?

>>23255788
Yeah man you can just stake Link and maintain 100% exposure to it. And if goes up while youre staking it, rest assured that when you pull it out, youll have 100% of what you initially put in.
The mechanic actually works like this, the longer you stake, the more insurance you have. It incentivizes keeping liquidity in the pool.

>>23255032
JEW FUCKS

Bancor are Jewish
This has been an Israeli scam fraud since launch

No self-respecting white man would ever buy Bancor

If you haven't been aware of Bancor since 2017 you need to do your research before even reaching into your pockets for these KIKE FRAUDS

Israel has no right to exist.

>>23256062
>>23256072
>Not believing in the Jews and Israel to create the institutional decentralized exchange and grant you economic prosperity beyond your wildest dreams

Couldnt be me.

>>23255929
"Following 48 hours of community discussion, voting on the proposal will occur October 14–17, 2020. A quorum of 20% of staked vBNT is needed to approve the Bancor v2.1 proposal. If approved, the upgrade will be pushed to mainnet in the days after its approval."

I havent looked into it anymore because I wage all today tommorow anyway.

>>23255990
>Yeah man you can just stake Link and maintain 100% exposure to it
unless it gets hacked, again

>>23255685
$70

>>23256176
They hacked themselves lol. It is what is.
But personally I'm betting on it going smoothly, the Bancor Bulls show up in full force, and a new ( and OG) DeFi king reigns supreme.
On the off chance, do you remember what kind of numbers Bancor was putting up back in the day? It was monumental. People thought it would never fucking stop. Why? Because they had just founded liquidity pooling as we know it today.
And now, theyve perfected it, to a level no one has been able to.
This could be legendary dude. I'm just trying to give you a fair warning.
Liquidity black hole type shit.

>>23256304
this shit is going up to > $6 where it belongs

>>23255990

You mentioned insurance through Bancor. I haven't heard about that, any sources I can read? I'd prefer something like Nexus Mutual to be sure but the cover is all bought for Bancor and the rates are ridiculous like 21% APR

What is the token ?

>>23256595
*the token for?

>>23256304

It looks like they were hacked in 2018 as well for nearly 23 Million although they stopped half of it no problem but about 12 Million was ETH. Apparently users didn't lose any funds in any of the scenarios they have experienced from what I can find. I didn't know they were based in Israel. This is tempting to check out when the single asset function goes live. I'll be watching to get in early

>>23256511
Here, brand new article covers all the new info
https://blog.bancor.network/proposing-bancor-v2-1-single-sided-amm-with-elastic-bnt-supply-bcac9fe655b

>>23256612

>>23256747

The fee-earning-potential that this liquidity generates might very well exceed the cost of providing Liquidity Protection, especially as liquidity providers become acquainted with the system.

That was from the article you just sent me at the end. So the IL is mitigated by me using some of the fees from providing liquidity? What if the fees don't account as enough for the liquidity protection? Its not 100% maybe I'll check out their discord/telegram to try and get more specific answers. I would still want smart contract insurance as well. This is definitely something can snowball quickly if it works properly. It also works better the more people are offering liquidity. Its definitely superior to all other options right now at least.

>>23256127
if you can't beat em join em

>>23257020
>"This is definitely something can snowball quickly if it works properly."

Hence, the liquidity blackhole rumors that are circulating.

If you want more technical answers I suggest jumping in the Telegram, as the devs and admins are very active there and answer most questions directly.

how buy, what price?

>>23257104
Honestly I did the needful on Uniswap. Now is a good time as the fully featured version is going live near the end of the week.
1.30 is support and it's been bouncing between 1.30 and 1.40 since the announcement (yesterday) so now is a pretty good entry point.
It was at 80 cents just over a week ago.