/biz/ - Business & Finance

>>26576581
Free money from the BNT liquidity mining rewards. If I had that much Chainlink I would do the same.

Gues it makes sense. The only risk is smart contract risk and Bancor has been one of the more conservative groups in pushing new features without thorough audit.

High IQ whales, Bancor quietly revolutionizing what it means being an LP, full send

>>26577093
Thoughts on BNT? Seems kind of cheap compared to other similar tokens like UNI and SUSHI.

>>26577194
It's undervalued, but probably won't be for long.

>>26577375
y tho?

>>26576791

og linkers can spot innovation. Follow the money...

>>26577194
full send indeed brashef

>>26577194
how does 300% APY sound with complete IL insurance?

Op you sould see how much this thread sucks. Dvpns are the next era of web 3.0.

Seems properly valued after a 5x to 10x (just looking at sushi and uni)

>why would whales want free money risk-free?

>>26577194
massively undervalued

I read somewhere BNT holders get 25% of swap fee revenue because the protocol supplies BNT to the pools to match single-sided deposits

The protocol-provided BNT earns fees that go to BNT holders

That's fucking brilliant

UNI holders get 0% of fees
Sushi holders get 0.05% fees

The first AMM DEX token that has a legit on-chain cash flow

>>26576791
its this, i finally got first reward on usdc pool today, seems good.

>>26577194
This one feels A LOT like LINK 2 years ago

i remember shilling bancor at the literal bottom
the plot twist is that i never held bancor, i just thought it was a good investment

>>26577194

>BNT is #95 on CMC today
>200m mcap
>uni 3.5B mcap
>sushi 900M mcap

BNT is superior to uni in literally every single way.
I have held it since the ICO just because it seemed pointless to unload.
No shill, repeating myself on every thread.
BNT has to be the most obvious 10-20x in crypto right now but it just does not budge.

>>26578070
Based.

>>26577609
Liquidity Mining rewards are slated to be released within soon (think: this week). Once those go live, liquidity providers get an insane APY, which will cause liquidity to go up. When liquidity goes up, volume will go up, which will create more trading fees for liquidity providers. This will create a virtuous cycle of higher liquidity > higher volume > higher trading fees for LPs > higher incentive for LPs add liquidity to Bancor > higher liquidity, etcetera, etcetera.

There is no reason for LPs to keep providing liquidity on Sushiswap or Uniswap while getting rekt by impermanent loss when they could be getting impermanent loss protection + liquidity mining rewards on Bancor. Bancor is the superior DEX for liquidity providers in every regard.

Bancor's TVL will skyrocket even further than it already has, see pic related. Mark my words, once the liquidity mining rewards go live, we will see an absolutely massive migration of LPs from Sushiswap and Uniswap to Bancor. Get in or get left behind.

>>26577910
I hear that about many tokens. What makes you say that about BNT?

>>26576581
Gas too high to fuck around with my UNI stakes. Any L2 discussion? Honestly money skelly needs to get his shit together.

>>26576581
Only what everyone who reads the bancor website knows
No secrets
most people are just retarded and ape into pajeet shills instead of serious projects

>>26578924
Apparently Bancor is building on Arbitrum for L2.. You're probably getting rekt in those Uniswap pools with the impermanent loss.

There's no rewards on Bancor.
It's a trap, they are not going to release any rewards ever. I'm sorry for the dump fuck that fall for this
LMAO

>>26578319
how many Benties to make it? And can we check APY for tokens on Bancor rn?

>>26579088
Nah. This is not some anon rug pull food farm. Don't think you'd see a whale staking $10 million in LINK if what you're saying is true.

Each Weeks: "Rewards soon" lol what a joke.
Those Israeli can't code

>>26578474
the arguement would be bancor was an idea way ahead of its time.
eg..from the whitepaper...

"Bancor is a Decentralized Liquidity Network that allows you to hold any Ethereum token and convert it to any other token in the network, with no counter party, at an automatically calculated price, using a simple web wallet."
If that sounds like uniswap to you, you would be right. They had the idea in 2017, they just failed to execute. This is probably mostly because the fucking ICO took in 150 million dollars in eth(then when eth was like 300). and then were so fucking rich nothing mattered.
UNISWAP then went ahead and actually did what bancor said they would do and in a very short amount of time became the standard. But uni is a fucking shitshow of scams and fees where everyone is getting fucked.
bancor finally delivered, and the fixed IL when they did it. bancor should be the winner, i think as time wheres on, it will be.

>>26579129
>how many Benties to make it?
as many as you can afford lmao

>And can we check APY for tokens on Bancor rn?
https://app.bancor.network/eth/data/

>>26579156
I just checked, then why you can't even release rewards after nearly 3 months??
look pretty sus...
You guys are either dumb or pretty sus.

>>26579186
Are you a dev.

Their Telegram says:

“The code is ready, audits have passed, and the front-end is ready.

Contracts on ropsten:
https://ropsten.etherscan.io/address/0x64a7fa8eb752158f64f3cc58c939a22ad80f6a01

Nodes are getting synced in order to perform the migration. It is a lot of data to sync. But we are close, very close.”

>>26579340
>>26579186
>>26579088
Nice fud, this you?

>why you can't even release rewards after nearly 3 months
That's how impermanent loss protection works, retard. The protocol generates fees from trading to protect you from getting rekt by IL, that takes a while.

>>26579340
Weird posts.

>>26579485
Sounds like this is imminent. Feels bullish.

how much is that whale making? I have 15000 links i would like to stake

>>26580058
almost $2M at current APR

>>26580058
He'll probably make about $150K per month of that stake with 20% APY. Insane. He'd make way way more though if he staked on the BNT side of the pool which has 223% APY!

Can you just stake BNT in those liquidity pools on Bancor? I thought you had to provide other tokens?

I don't understand what staking is and am new to crypto. How do I, as a US resident, buy this and stake it? What is staking? I can dump 5-10k in

>>26580531
>Can you just stake BNT in those liquidity pools on Bancor?
Yes, no need to provide other tokens.

>>26580566
>I don't understand what staking is and am new to crypto.
Free money is being given away.

>How do I, as a US resident, buy this and stake it?
Create a Coinbase account, buy BNT, send BNT to an online wallet (I recommend MetaMask), connect wallet to app.bancor.network, stake BNT. Staking in this case basically means providing liquidity to facilitate easier trading. Bancor is a trading platform. If you stake your BNT, you will receive free money.

>>26580531
Yea you can just stake BNT. Bancor lets you stake on just one side of the pool if you want.

>>26580566
You can buy and stake BNT on bancor.network. Can also buy BNT on Coinbase or Binance and then send it to a Metamask wallet and stake it on Bancor. Doesn't matter where you live.

Ill change some ETH to BNT next peak. Thanks

>>26580229
>20% APY
What? All I see is 1.61%

Brainlet here just staked 12kusd in bnt what can I expect

>>26581506
>All I see is 1.61%
those are the trading fees, look under the "Rewards" tab

>>26581647
How is this possible? Do I get 15.34% LINK or BNT per year? Can it get liquidated somehow?

>>26581506
That's the APR from trade fees, which you also get. You want to look at the percentages in the rewards column.

>>26581528
Just leave your money in the pool for 100 days so you get 100% insurance from impermanent loss. Then you'll get the exact value of your original stake back plus all of the BNT rewards and swap fees whenever you unstake. In short, you're gonna make a bunch of free money if you just leave your funds there for a couple of months.

>>26581528
Nothing, the rewards never come. This project is incredibly sketchy, be wary anon.

>>26581756
Can't get liquidated. You get the 15.34% back awarded in BNT.

Whats the countdowns about? Do you need to remove your funds from the stake in order to access rewards or are you able to stake them in without endangering your protection?

>>26581890
So what is the risk in doing this? Is there any way I can lose my linkies?

>>26581874
Bancor is unironically one of the most transparent and trustworthy projects in the space. It's a real blue chip, listed on Coinbase and with $240 million TVL. Not exactly some sketchy rug pull like you're making it out to be. Weird FUD.

>>26581756
>How is this possible?
Liquidity mining rewards, i.e. they're paying you BNT to come provide liquidity on Bancor, similar to what Sushiswap and Uniswap did during the DeFi summer of 2020. Remember what happened to the TVL of those projects when they started their liquidity mining programs?

>Do I get 15.34% LINK or BNT per year?
Liquidity mining is paid out in BNT, the trading fees are paid in whichever token you're LPing. So if you LP your LINK, you will get an 1.61% APR paid out in LINK, plus 15.34% APR paid out in BNT.

>Can it get liquidated somehow?
No.

>>26581993
Smart contract risk, as with everything on ETH

>>26581911

rewards are dished to liquidity providers of these pools. For a set time. There's 14 days left but there's already an on-chain proposal to get them all extended for 30 more days. Overall program will last longer than a year desu. You are unironically early.

>>26581911
see above, and you don't need to remove your liquidity position to restake rewards. It's better if you don't actually because you then lose the multiplier and get less APY.

New restaked rewards will have their own IL insurance protection with a new timer.

>>26581993

like any DeFi shit, but this is not "test in prod" work, Bancor is OG and literally invented AMMs

>>26582090
>>26582248
Thanks for explaining bros. Do you have any good links for brainlets to read more about this stuff?

Thanks for answering all these questions. Strangely informative for a /biz post.

>>26576581
They know about DIA, that's why they don't tell you that before they've collected enough

So for an anon that has 50k linkies, what would be the proper steps to profit off of this bancor staking method?

>>26582351
no problem
https://www.youtube.com/watch?v=nTxm88cyuZc

>>26581506
yeah, this is why the UI is fucking shit, i don't believe any of those numbers. I have been in the usdc pool almost since it started, today 175 BNT showed up, no idea why or for what, and .000001 usdc.

>>26582510
Stake them in the pool. Leave for 100 days. Profit. But you'll probably need to wait for space to open up with that much LINK.

>>26582370
One of those rare blessed threads. Didn’t think they existed on here anymore.

>>26582510
Send your LINK to an online wallet, stake LINK on app.bancor.network, receive both LINK and BNT. Simple as.

the link pool has space for 85 linkies....

Space dictated by the volume of trade?

I like the idea but I feel like I fell for something similar with ethphoenix with my ETH. I want to believe Bancor will be different I am just wary of this type of situation still.

>>26578319

is it good or bad i figured out what optiver does because of this crypto shit?

>>26583081
idk, I'm not familiar with Optiver

>>26582906
More BNT needs to be staked on the BNT side of the pool. Not suprising since a whale just dropped in $10 million worth of LINK. Gotta be quick to get those APYs

>>26578319
You seem trustworthy enough, got myself around 700 BNTs. Realistic price prediction for the next two months? Thinking of holding my coins long-term anyway

total BNT staked increased by ~4% since yesterday.

>https://defipulse.com/bancor
TVL increased altough market is shitting since yesterday.

>>26583344
>Realistic price prediction for the next two months?
I expect TVL to rise to about $1B, so BNT could go to ~$10

How does Bancor X fit in? It’s a cross chain swap but all they have is ETH-EOS right now. Is this what Rubic is doing?

>>26583860
>I expect TVL to rise to about $1B, so BNT could go to ~$10
nothing about the current price makes sense(to me)
bnt is the most obvious 10x in waiting in all of crypto rn.

>>26584717
Polkadot crosschain is coming apparently and Arbitrum L2.

BNT can't pump. Where are the liquidity minting rewards? Soon for over 3 months now. BNT dumps everytime they start to get traction/build hype. 20¢ BNT incoming holders will get reck then Uni, Sushi, or some other AMM out of nowhere will copy and have a run away success.

BNT is undervalued because low iq crypto plebs associate it with the 2017 ICO scams.

High IQs in the market see their 200M coffers as a good bank roll to keep innovating. Uni and AMMs in general wouldn’t exist without Bancor

Andre Cronje has admitted the tech of Bancor is over his head

Stop overthinking this. Buy BNT - stake it in LM pool - make it

>>26576581
i like whales

>>26585255

>>26577194
bnt grossly undervalued but OP delete the fucking thread you faggot.

>>26585861
No can do fren.

Why is Bancor so undervalued, when UNI and AAVE are taking off? Shill me.

>>26586325
UNI is literally a useless shitcoin that VCs are pumping. BNT actually has cash flow and is staked in every pool on Bancor, creating massive network effects. When TVL rises more BNT will easily exceed UNI in market cap. Only a matter of time. AAVE should be a top 20 token. Well deserved.

$65 gas fees to stake barely 1k usd

fuuccccckkkk offffffffff

>>26576581
What are liquidity pools used for?
Also the link/bnt pool says only 1.5% annual return

>>26588356
>1.5%

that’s the APR. look at the APY in the rewards column. liquidity pools facilitate trades.

>>26587985
How long to get that returned back from rewards?

>>26588591
so 15 percent every week or every 12 weeks?
so by increasing the amount of available 'gas' it makes trades cheaper and faster?

>>26581129
I know what I'm doing this pay day, thanks

>want to tap into crypto
>to scared
>wish i had the balls to gamble

>>26588356

Imagine not farming 250% APY

how dumb are you

>>26589020
no idea. clear as mud.

>>26590333
YO WHAT THE HELL

>>26590333
you just win

>>26590333
checked but is that 250 every 12 weeks

>>26590333
you just win

Fuck this shitcoin

Pic related

>>26591529
>already people fudding
Damn this coin gets better any second staked another 500 link

>>26577194
Is it a good time to buy bnt? Someone spoonfeed plz

>>26592216
https://defipulse.com/bancor

>>26591529
You're looking at the wrong chart.

>>26592216
>For weeks big players have been slowly transferring their wealth Into their new asset: Bancor. When accumulation finishes (look for a pump in Bancor) Uniswap and Sushiswap will be abandoned

Yes anon. It has begun. But you're still early. Bancor the god tier AMM that has ended impermanent loss, enabled single asset staking and increased TVL 1,000% in just over a month (now at over $200M) is reaching the point of critical mass where all of those locked funds, including nearly 60% of BNT supply, and increased adoption of their system, and thus increased need and use of BNT, is leading to immense price pressure that will push BNT to new all time highs. The first major catalyst for the pump will be triggered by the bullish unlocking of BNT rewards which is almost certainly happening this week. When all of those stakers receive their BNT rewards and inevitably lock them back into the protocol's pools due to the insane APYs, even more price pressure will be placed on the token. To top it off, Bancor is also building crosschain to Polkadot and other chains and also building on L2 using Arbitrum. There are also major institutional investors piling in to BNT and shilling it all over Twitter like the Winklevoss twins, Novogratz, Draper and others. This is the DeFi blue chip that the elites have chosen as their pump of choice. Why? Because Bancor BNT is the original god tier AMM and has functions that no other AMM is capable of developing and they all know that Bancor will beat Uniswap, and all other copy cats with higher TVL and higher token price. BNT supply is incredibly scarce compared to UNI and Sushi. There's only so much available. With 60% locked in pools and increased demand + bullish unlocking and restakings + L2 Arbitrum + DOT bridge this token is set to explode. Don't buy it though if you hate money.

>>26576581
Someone bought the top and trying to get out of their bags?

>>26585290
idk how to stake anything. is there any videos that i can learn from? its so confusing.

>>26591062
>checked but is that 250 every 12 weeks
wow
have to wait 12 weeks for 250%
tragic

>>26593117
They are staking into a pool with no IL... They are longing the position, not selling.

>>26576581

I’ve been saying it for fucking months now. I’ve 62k link staked since it went live + 45k bnt staked.

Il coverage + swap fees + liquidity mining.

Also, another site is that bnt will also get massively increased share of the fees per pool AND rewards for voting in governance. Bancor made the amm, and uniswap just copied it. Bancor decided to fix impermanent loss, and NOT SHARE THE CODE THIS TIME, and now uni and the other dexes are stuck with their thumbs in their asses saying “my impermanent loss can’t technically be solved, only mitigates”

Alpha move. Stay poor fag.>>26582510

go to Bancor Protocol telegram group. they are extremely helpful with staking.

kek, this thread reeks of curry

>>26593710
i mean is it 12 weeks or one year

>>26592769

69 of truth. Ok ill buy

>>26594405
Now i am unsure of buying again. Plz no curry fud

>>26594405
Sir, all of India pooled our link to trick biz into pnd. Only took 250 million dollars to fool you out of your lunch money. Many success!

>>26576581
How is it possible to name such a high APY while the fees for LINK/BNT are at 0.1% $3,148 /24h?

>>26577194
>Thoughts on BNT? Seems kind of cheap compared to other similar tokens like UNI and SUSHI.
Wow we have so many newfags here. Dont remember the disaster that was Bancor.

>>26595071
Scam

>>26595288
Bancor was never a "disaster" you dumb cunt. Go back to r-eddit

>>26594027
>I’ve been saying it for fucking months now. I’ve 62k link staked since it went live + 45k bnt staked.
based whale
I am terrified of loosing my gains, i need to be fearless with something more than my shitty 11k bnt.
i have 100k in various shitcoins, i feel like i should convert all of it to bnt and stake it, it doesn't even fucking matter what pool...

>>26592769
Thanks for trying to scam me. But BNT and LINK have absokutely cruahed me kver the last few days. So why not just kill youraelf you goddamned piece of fucking shit. You're laughing? I'm fucking liquidated and you're LAUGHING?

>>26595480
Cope newfag. Everyone here remembers the jewess running it rekting every anon on this board. Go back to garliccoin you retard.

>>26595480
Technically, it was. UNI ctrl+v'd the shit out of it and ICO holder's were rekt. This redemption arc looks like it's going ok. Will move some of my liquidity over along with a few other projects and see how it goes.

a scam? this is on coinbase (so obviously heavily vetted), you can see the audit, transparency of TVL, of how the protocol works. Have fun losing your money with Uniswap (forked BNT i.e. copied) or Sushiswap (forked Uniswap). High IQ knows where the value is...low IQ 'it's a scam!' keks wondering why they are poor.

>>26595773
Based strokeposter

>>26595773
WTF are you on about? Sounds like you liquidated your self and don't know the AMM space at all. Please educate yourself or don't play with the big boys kek

>>26595773
How?

>>26580566
ngmi

>>26595071
The high APY you see is part of a liquidity mining program. This means that BNT gets printed to reward participation in the protocol while inflating away non-participating BNT holders, similar to Synthetix' model. The lower APR you see (1.48% on LINK/BNT currently) is the one that is generated by the 0.10% trading fees.

>>26577610
lol where are you seeing 300% apy you mong

>>26576581
Now Hackers have a reason to crack BNT smart contracts.
Say bye, bye to your money retarded linkie.
Such stuff should never leave trezor in a safe in a bunker in sibiria

they only reward the 12 largest pools? the rest of the pools have a blank rewards column

what exactly happens after the 12 week cycle that it's counting down?

>>26596929
Trying to figure out just how low IQ you really are. Do you know how to use Github? Read code?

>>26597258
>they only reward the 12 largest pools?
yes, but BNT holders can create proposals to award liquidity mining rewards to other pools through Bancor Governance

>what exactly happens after the 12 week cycle that it's counting down?
the liquidity mining program will last until like 2022, so the 12 week cycle will in all likelihood be extended for all the pools with the highest volume

>>26597258
Pretty sure you can use their token to vote on continued rewards for pools. Current Max of something like 72 weeks. They need to get 1 billion TVL to steal significant trading volume from other Dex's over that 72 weeks to remain "competitive" in trading fee apy's...

Bancor already destroyed the ico investors and it's going to be hacked now that it is getting traction. Of course sushiswap is also a hacked contract piece of shit, there is one account that has already gotten ten million dollars out of sushi.

the future is dexg screencap this

>>26598012
How dumb do you go man? not gonna screencap your stupidity. Haters gonna hate...FEEL the hate surging through you kek

>>26598012
LOL cope. Bancor is eating up the TVL and getting the attention it rightfully deserves. Only a matter of time until it sucks up all the meaningful DEX liquidity and volume. LP on Bancor or have fun staying poor, anons.

I have 10k LINK staked from yesterday. I'm not entirely confident that increased liquidity guarantees increased volume. But I'm still bullish for the next few months.

I should have staked more (80k LINK stack) but this is my first time playing with DeFi so I didn't want to risk everything.

>>26598012
>https://ropsten-exchange.dextoken.io/#/pool
>the future
Holy shit, this thing is literally unusable. Has anybody been able to get this working?

>>26576581
fuck crypto, get to GME and BB and PLTR

>>26598607
I own some because I think it will go up but I'm not convinced that it is going to be a dominant product. point that it is free money is correct however

>>26599115
>>26598491
remember this thread when dexg does x50

>>26599081
Btw, the 10kLINK I have staked made me 0.6LINK in 24hours. I'm really hoping for better averaged returns over the next few months. Without liquidity mining this is just not worth it.

Also, LM only applies to protected stake. Takes 100 days for 100% protection. LINKs 12 week LM cycle concludes in 12 days according to the UI. So I'm due to receive basically fuck all in rewards.


How is this supposed to attract new LPs?

what were you doing when you found out you were gonna be rich?

>>26601687
https://twitter.com/chainlink/status/1353779787974770688
its from one of their tweets

>>26582733
All I see is a link/bnt pair. I don't want to have to buy bnt. Am I missing something? I have 1000 link I'm willing to risk.

>>26603055
Yeah, stake single sided on the LINK/BNT pool. Only need to stake LINK. Probably no available space at the moment though. Also expect large fees for making the deposit.

>>26603271
Yeah, there's 82 link available. The gas limit is bonkers for some reason, making 70gwei cost more than $100. I don't understand that. I tried lowering the limit, but I'm betting it's going to fail.

>>26600317
Hey everybody, get a load of this guy. Buying a dex token and not staking for rewards. You do know the 10 million already staked is the dev team right? Did you read the whitepaper? It's a dex with a shitty Arb bot on top and NONE of that is remotely functional.

Will I really have to pay $110 for a 70 gwei transaction?
https://support.bancor.network/hc/en-us/articles/360002703591-Why-does-Bancor-set-a-maximum-gas-price-

>>26603642
Yeah I tried lowering first too and it failed. Just had to bite the bullet. More than £100.

Keep an eye on how much space is available. I saw over 45k the other day.

I've also seen about 8% 1d APR before so I'm hoping it's unusually low at the moment.

fuck it, went in with the little bit of free space, metamask said the transaction was going to cost $116, ended up being $67. Hopefully this is worth it.

>>26577678
>The first AMM DEX token that has a legit on-chain cash flow
I always though why a chain played with this concept. Retard here that came for the gme. What's the best way to buy 1k of this?

>>26604818
Anywhere really. It's on coinbase, binance, etc. Just make sure you pull it off the exchange and stake it on bancor.network. Best way to insure that you are getting most value out of it. Also you are going to need eth to stake.

>>26603831
Think what you want I already made a 500% return and took profits so I'm good.