/biz/ - Business & Finance

im scared to buy DIP its already up a lot

>>27502350
same and isnt insurance for defi a long term thing?

>>27502178
BNT is the next 10x coin hiding in plain sight. Biz will miss it like it missed YFI because everyone is off chasing rugs

>>27502350
>Scared
New protocol buys and sells BNT to limit huge vol. swings. You are only going to see steady increases from here out. IF you are staking your coins or BNT right now it's literally free money. Problem is gas. Vitalik betray. If they can beat L2's with Arbitrum (they will) it will be the best dex out there.

why is the volume so low? only thing holding this shit back imho

>>27502966
I have thought about this a lot and believe it's possible. It has very good tokenomics because it's fully diluted and there are only two wallets with more than 1% of tokens. The staking rewards are also create and liquidity locked is increasing. Plus it's in coinbase so normies can fomo in during a mania and it will automatically capture swaps from dex aggregators once fees equalize. I am a relative poorfag but may go all in on BNT

And for anons thinking that Hayden will just copy Bancor again... he can’t. Uniswap is about to get BTFO

>>27503158
No one is selling.
Exchanges share are being diluted away into oblivion by the rewards lmao

>>27502178
I fucking shilled dip to /biz/ for months and the only replies i got called me a pajeet. Stay poor frens lmao

>>27502178
The 4 coins I hold, plus eth
Wagmi bros

>>27503231
You have to look at why Coinbase would list BNT in 2020 after all this time. DYOR it’s going to moon hard and everyone is going to be left wondering how it seemingly came out of nowhere

>>27503158
65% of all BNT is locked in LP's. Limited volatility for traders. Binance holds 10 million, but people are pulling an avg of 100k per day from to stake. Just going to see steady increases until it's all locked up, then boom.

>>27502966
20X is realistic in my opinion

>>27502966
BNT is about to rip UNI and SUSHI to shreds. It's going the blockchain agnostic route and carrying LINK with it

>>27503080
Literally this. The day Arbitrum launches will be the beginning of the end for Uniswap. Fees are the last piece of the puzzle. It’s inevitable

uni and 1inch are obvious holders regardless of this shit fees on uni

add IDLE to that list

>>27503881
And we'll all be here to witness that glorious event

>>27503854
Probably more. I was being conservative.

>>27504043
Its £175m market cap at the moment certainly leaves significant room for growth.

>>27503897
>uni and 1inch
*1inch
Dump uni on hype of v3 and move on from this shit gov. token.

>>27503979
The last remaining high IQs on this board cheering together in a sea of Nufags and Redditors. I haven’t felt this sure of any project other than Chainlink. The tokenomics are unreal

>>27503726
I really don’t understand why these npc’s can’t see this, just like back then with chainlink. So dumb lmao

>>27504345
Based.

>>27504345
>>27503881
So what would be the plays to bank off of Arbitrum's launch in your opinions?

>>27504304
This. I sold my free Uni for BNT at $20. I’m keeping 1inch long term because I believe it will always be necessary. Uni is done though. The writing is on the wall.

>>27504571
There is no play. Buy BNT, stake it and literally print free money which is a neverending loop

>>27502178
No NXM?

>>27504571
Stake everything for cheap, enjoy 200% rewards. Vote.

>>27504723
UNI will go higher with v3, then im dumping for bnt

>>27504345
There's a reason it's in the middle. It'll be the God AMM

>>27504571
I don’t think it will happen all at once. First the 1inch traffic will start to route through Bancor. Then one by one people will start to realize. By then the bnt supply will be totally dried up because of staking. It might take a while but it’s a sure thing at this point

>>27504950
Based.

Hey brainlets, really stop and think for a moment, why did coinbase list these 3 defi projects simultaneously , they know.

>>27504918
Yeah this is likely. I got sucked in by the bnt rewards. Too good to pass up.

>>27505309
They definitely know. So does Sergey and WEF

this is why biz was given crumbs, so that high iq holders could form the backbone of crosschain defi liquidity and get duly rewarded

>>27505807
>>27504735
>>27504978
>>27504787

What's the minimum stack I would need to start staking?

Also what's the make it stack?

>>27506141
No minimum to stake. You can use the platform to stake other coins without even ever buying bnt.

What do you want your monthly payout to be?

If you stake 50 k usd

You will get 100 k usd paid in BNT every fucking year that is 8.5 k usd a month.

And I am not even calculating in price appreciations of BNT, imagine if it does x20

>>27506141
It's single sided staking, so if there is room, just dump in some eth and earn bnt and eth. Look at all the pairs with rewards. Gas is high right now, which is the only drawback. So you want to make sure that rewards will cover initial gas costs. Should be cheap to pull out/restake rewards for compounding interest with Arbitrum when that goes live.

>>27506682
Gas it literally the only thing holding this back right now. Arbitrum is most likely coming in the next 30 days so it won’t be long

>>27506682
Also pic related. What do you think he meant by this?

>>27507133
It means you have around 30 days to make it still

>>27502178

eRSDL - unFederalReserve, Original Bank 2 Bank lending platform

>>27506438
>>27506682
>>27506831
Thanks friends. New to this idea of staking so not sure how it all works. Given the current gas fees and current stack of 250, should I just wait to stake until Arbitrum goes live?

>>27506465
That just seems to good to be true.

>>27502178

ALPHA is actually king of them all. I hate saying that cause im an og LINKmarine. but its the truth.

Already has almost 1 billion TVL (v1, v2) and its flagship product has yet to launch. Yeah, they still launching 5 more products for big money to use.

All of defi will be running through ALPHA in about 3 months.

>>27506465
>You will get 100 k usd paid in BNT every fucking year that is 8.5 k usd a month.
But how? What is is paid out in and from where is it coming?

>>27507821
The rewards are so good because of the liquidity mining incentives which constantly print new BNT, huge inflation, I'm surprised the price has been stable actually. Of course correct me if I'm wrong

>>27507388
Yeah the gas would probably be about $50-$60 to stake that. Unless you have at least $2000 to put in, I would probably wait.

>>27507388
Watch for low gas. Then risk/reward evaluate. Took me 90 days to earn 50% of my initial BNT stake, but that is without any increasing price.

>>27508126
There is a token burn function on the pools, so it's keeps inflation in check.

>>27507821
Honestly it won’t likely continue at that rate forever. But you have a guaranteed 3 months of at least 100% return. Likely longer. And that’s not counting an increase in the token price which is almost guaranteed.

>>27507651
Get out while you can fren, you were warned.

Follow the Link whales, to follow where the money is.

>>27507821

Same tokenomics as SNX but even better.

If SNX can go from 2 dollar to 20 dollar
BNT will go from 2 dollar to 100 dollar

>>27508784
The token burn function is mainly to alleviate the cost of IL protection (since it's done via printing BNT). There isn't anywhere near as much BNT being burnt as is being printed via the liquidity mining program based on what I've seen

>>27508887

Checked, by the time the rewards has ended , everyone will know bancor and you will be generating insane passive income from the exchange fees alone.

It will be the standard.
Uni and sushi are forgotten.

>>27509070
>BNT will go from 2 dollar to 100 dollar
god please be true.
after all these years, bagholding since ICO, if BNT is the fucking token I make it on the universe has a sick sense of humor.

>>27507821
The yields will eventually be 100% paid from token swaps as the platform gains usage. Think if you could earn a piece of all transaction fees from Coinbase or Binance. That’s what this is. You are being rewarded for letting them use your tokens for trades.

Dont forget GRO

>>27509172
This. Not a matter of if. It’s a matter of when.

>>27509172
Correct

>>27509193
You are going to make it

>>27502178
Is it worth to buy BNT on Binance?

>>27511318
Of course

I've been testing the different pools and comparing the returns and would now like to consolidate into a single one, what are the drawbacks beside IL (I've not earned full coverage) if I remove my tokens? Are there any tools to estimate any potential loss?

Dev Protocol looks incredibly based

>>27511483
No tools that I am aware of, it's good to have a bit of a spread in my opinion. It also resets the rewards multiplier. Best to just consolidate rewards into your chosen pool.

>>27509070
It's called Smart Money for a reason

>>27509070
Dump Link for BNT?

>>27512851
Use link to pool with BNT. Or swap a part.

Where did all the big brain bnt anons come from the past 4 days? Wtf thought I was the only one who knew about this

>>27512851
>Dump Link for BNT?
swap some ratio.
The risk here, if there is one, is if link moons or something then you missed those gainz, but BNT could just as easily 5x from here, such is the way of things...

>>27512851
Collaterize it on AAVE, take a small loan of stablecoins and purchase BNT with it.

Keep your HF above 4.

>>27513229
>Where did all the big brain bnt anons come from the past 4 days? Wtf thought I was the only one who knew about this
there really are only like 5 of us total, it just seems alot, there has been a decent BNT general on a consistent basis...

>>27513229
Lmao we're all just lurking

>>27502178
No one wants to talk about this with me. Why?

>>27513583
interesting

>>27514036
It was also on their old website, it was always Kain's vision/endgoal. Once that Pandora box opens, what happens?

what the fuck are these gas fees when I try to pool LINK in Bancor?

>>27513583
Shieeeeet. Nice alpha. Hold a nice stack of SNX.
>>27514247
Pic related.

Bluechip defi ranking

1. chainlink
2. snx
3. Aave
4. bancor

>>27513583
Hard to talk about something that hasn't dropped yet. Could you imagine getting news one day that security link provides now allows synthetix to make tokenized stocks and it's starts with TSLA and AAPL? I think that'd be the moment our worlds change forever.

>>27514469

You don’t have enough eth on your account, otherwise it will not show 2800

>>27509070
>Follow the Link whales, to follow where the money is.
Sooo RLC?

Which pools are you guys staking your BNT in?

>>27514769
I get how link can communicate the price of the underlying shares to SNX, but would buying sAAPL or sTSLA have any market impact? (not that my buys normally would, but at least some)

>>27513229
I usually don’t post unless I’m really certain of something. I’m really certain of Bancor.

Thoughts on
https://app.nexusmutual.io/cover/buy/select-project

>>27514867
I have 0.5 eth on that account, how is that not enough for gas..?

>>27514906
I’m in the Ren pool but honestly go with whatever has the longest rewards time left. I think the Aave pool has over 70 days left.

>>27514906
Link, USDC, ren, snx

>>27515116
That doesn’t seem right. Gas to stake 2500 link was about $60

What about airswap?

>>27515116
Maybe try to refresh a few times to see if it adjusts. That amount seems wrong. message their support team might also help you out.

>>27514906
LINK and ETH will net you the most fees

>>27514991
Would figure increased network usage would have an impact, especially for link. Would also get the word out to people that they can trade these assets somewhere that can't be taken down or censored

>>27515444
Something is probably broken for a bit. Now the Space Available doesn't show.

>>27515115
Nexus is great. Only makes sense if you are staking $$$$$ from my standpoint. Or just super risk adverse.

>>27511483
can i get the quickrundown
I want to stake say 1000 linkies with full IL coverage
what do I need to do exactly

>>27517174
https://newsletter.banklesshq.com/p/how-to-protect-yourself-from-impermanent

Stake for 100 days on Bancor single sided pooling

>>27513229
been following since sergey's blogpost, but v2 was a blunder
looks like they're finally delivering on promises and picking up steam

>>27514991
did you just miss out on the big robinhood debacle

So the TLDR is buy link and bnt, then stake both?

>>27517762
higher APY than lending cefi
better protection (in theory)
gemini announced 5% today with a "u can lose it all oops not our fault lol" warning
undervalued at a 200m mcap compared to uni snx and aave, behind fucking band
arbitrum is the cherry on top
LINK AMM volume from 4% to 20% in a month; follow the ogs/smart money, it's exactly what happened with aave at first

https://twitter.com/Bancor/status/1356211273348866049

>>27517762
Yes

If you only want LINK exposure you stake link

If you like BNT you stake bnt

That is the beauty of single sided

One more question bancorbros, for all pools you have single sided asset staking, but for ETH/BNT I have to provide both? Or can I leave one of both on 0?

>>27516017
I guess the LINK pool was full. How often is more space 'cleared'? Or should I check back periodically

>>27517762
The TL;DL is stake whatever coin you own on Bancor right this fucking second.

It doesn’t matter what coin. You can earn a bunch of free BNT by doing this.

>>27518883
>
When staking with the bancor platform, is there a risk that I lose everything? What do the people at bancor gain from this? Seems too good to be true.

>>27519110
Keep checking back. It took me 3 weeks to get all my link in. I’ve already made back the gas plus like $5000 in Bnt

>>27509766
digits

>>27518985
You don’t need to have both. Bancor has single sided liquidity. It’s brilliant.

>>27519242
What does the other party get out of this? Getting paid passively for staking seems too good to be true, free money!

>>27519542
If this is true, what is the purpose of the bnt token? Why would a chainlink holder want to purchase bnt when he can simply stake link?

>>27519256
It’s a smart contract so there is always a risk with the code. That being said, Bancor already had a hack and they resolved it without anyone losing anything. They have doubled down on security and did multiple audits. Coinbase would not have listed the token if they thought there was even a slight risk of any security issue. It’s basically as safe as it gets.

>>27519668
>Keep checking back. It took me 3 weeks to get all my link in. I’ve already made back the gas plus like $5000 in Bnt
Both sides get rewards, the BNT side pays more. The token side pays in both the tkn but mostly bnt.

Should I dump my xlm and algo for bancor?

>>27519785
>If this is true, what is the purpose of the bnt token? Why would a chainlink holder want to purchase bnt when he can simply stake link?

1% ROI
>1%
DAILY
30 days
30%
100 days
100%
more bnt you hold, then you can vote.

>>27519668
The money comes from fees generated by the platform for swapping tokens.

Think of it like owning a piece of Binance and receiving $0.02 every time someone makes a trade. Bancor is paying you to use your crypto for exchange liquidity.

>>27519785
You don’t need to purchase bnt. Some of us did because we believe the Bancor is going to do really really well. You can use the platform without purchasing the token.

I made $5.50 in BNT in the first 23 hours. When does it start showing my LINK rewards?

>>27513583
This is the most bullish post on SNX I have seen in a long time.

>>27520059
I can’t tell you what to do but I believe you will see significantly higher returns on bnt. As always DYOR

>>27520361
The link rewards compound in the pool. You should be able to see what you made on your dashboard. It’s the difference between the initial amount staked and the available for withdrawal

How about the backbone of defi?

>>27519785
It has impermanent loss functionality built into it + swap fees + liquidity mining.

People seem to forget Bancor is an AMM but also a DEX and they will become the biggest most liquid dex before 2022.

Bancor vortex BIP-9 is now being voted on.

Once it’s passed your original staked BNT stack will net you x2 the rewards, you can restake the VBNT in another pool to net you x2 the rewards without liquidation risk.

You think BNT staking atm is insane with 300% apy? In just a week from now TVL will at least double and it will be 600% apy a year..

You were warned anons

>>27520652
Oh, that's brilliant. Thank you and everyone else in these comfy DeFi threads. You're probably the last saving grace of a board full of FoTM shillers and PnD chasers.

>>27520976
Once Bancor Vortex is voted in, how long until it goes live? They have to develop it correct?

What's a good resource on how they fix IL? I don't get how that's possible.

>>27520668
No matter what anyone tells you, the backbone of defi is chainlink. Always has been.

>>27521385
I want our board back!!!!! Biz has gone to absolute shit lately and a bunch of anons are going to miss this. It’s a shame. Glad you took the time to read up anon. I will always owe biz for my first $1 million off link.

>>27521487
https://m.youtube.com/watch?v=3P4vKIHcdas

This guy goes over it a little bit in the middle of the video and makes it a little bit easier to understand how

>>27521487
Read up. There is an article explaining it on their website. Too complicated to explain here. It works though.

4 days in a row 100+ reply bancor threads. Pretty bullish but want to temper my expectations so someone fud this thread up please

>>27521829
So what do you think about the correlation between LINK holders and RLC holders? Should we still be hopeful for a day of the barrel?

>>27522071
>In b4 “it’s a 2017 shitcoin”

lads i'm looking at the site now, can't find single staking for BNT, only pools with the pairs, am i missing something, or looking in the wrong place??

>>27522444
Whoa checked. You can stake bnt in any of the pools. All of the white listed coins have single sided liquidity

>>27521388
The contracts is done, once it is passed the contract will be executed in a 2 days

>>27522197
It’s over Gilles gtfo

>>27522703
wait so your telling me I can put my bancor in any of these pools without the other token and I will get that bancor yield percentage??

also are you fucking telling me that if I put one WBTC i get 47% yield on it??? what the fuck...or do i have to put up the equivalent amount in BNT so (35k worth)??

disclaimer: newfag in defi...don't really know how this lp stuff works...

6k BNT fren here

>>27522991
>>27523322
Yes

>>27523322
Yes you put just the 1 WBTC, and you will get 47% in yield paid bnt to you every single minute.

That is the beauty of single sided staking.

But that is not all fren,
If you keep on holding your rewards for a week you will get a multiplier of x0.25 on top of the existing rewards up to a max of x2 after 4 weeks.

That’s 94% apy on your wbtc after 4 weeks, if you withdraw the rewards the multiplier will be reset. :)

>>27523322
It's pissed me off how fucking undervalued this has been.

>>27523753
Don’t forget to check if there is room in the pools first though, most of them are always full

>>27520081
So what happens if I want to take my linkies out?

>>27523753
Also we're dipping right now if you're interested.

>>27504978
>First the 1inch traffic will start to route through Bancor.
Why so?

>>27524036
If it's been 100 days you won't have any impermanent loss. You pay a lot in gas right now (Arbitrum on the way!) but you get your linkies plus fees from swaps in link plus rewards in bnt. You will lose rewards multipliers though

>>27524036
Nothing, you get full impermanent loss protection after 100 days, before that you risk on having that loss if you pull out

>>27524245
Oh I don’t know brainlet.
Bancor is just slowly becoming the cheapest and most liquid dex in every single pool .

Crushing uni and sushi

>>27524245
1inch uses the dex with the lowest fees and lowest slippage. Bancor will have much much much lower fees than Uniswap and other dexs once Arbitrum goes live.

It will also have the most liquidity which means lowest slippage. Why? Because liquidity providers will get the best returns on Bancor and move their money accordingly.

Why? Because Bancor offers insurance against impermanent loss AND single sided liquidity. No one wants to have to buy ethereum to stake their link on Uniswap. Bancor solves this. No need to buy both tokens to stake anymore.

Not only that but they offer the highest yields available anywhere and Bancor is cross chain compatible. So developers using polkadot can use Bancor to swap between chains. You will be able to swap any token at any time on any chain.

>>27522991
YES

I have some money on coinbase pro that i would like to buy BNT with (and then stake the BNT). Should i buy the BNT on coinbase and create a wallet on the bancor website & transfer it there? I'm a little hesitant to give them my phone number to create a wallet to see how their site works so if someone could give me some insight that would be appreciated.

>>27525687
I use Metamask wallet. From there you can connect to Bancor and stake via smart contract just by clicking a button. Don’t use Bancor wallets.

>>27522071
israelis
multiple hacks
always promise, never deliver
jewish

>>27526064
Seems pretty bullish to me

Don’t stake in bancor wallet, its old and beind phased out.

Meta mask is a good solution.

Only buy BNT if you are going to stake though otherwise you might as well hold something else cause too dumb

you only get loss insured if you stake for 100 days? what happens if theres a big dump/pump before that? not willing to gamble because of some arbitrary delay

>>27526232
redpill me on how to stake BNT using metamask. I just bought.

>>27526382
Do you have a meta mask wallet? If so send it to the receival address of that wallet. Let people know when you've done that step.

Bros help complete brainlet out. I am relativly new on defi. So by reading this thread right now best choice would be to switch my 200 UNI (and maybe some other stuff) to Bancor and stake it?

>>27526568

Yes.

>>27526308
You get 1% impermanent loss insure every other day, at 100 days it will be 100%

>>27526568
Uni has pumped pretty heavily already and BNT's Organic seems better.

Not a financial adviosr this is not financial advice yadda yadda.

For an anon that doesn't want to stake linkies, buying BNT then staking it is the best way right.

>>27526308
You only lose anything if you unstake before the 100 days are up.

>>27525384
Surely 1inch is as inevitable and undervalued as BNT. No one in their right mind is going to keep using Uniswap when 1inch turns more and more routes through competing DEXes.

>>27526308
You can still pull your money out and if it’s short term it’s unlikely impermanent loss will be very much. You get protection gradually at 1% a day or something. If you plan to move money around a lot, using Bancor probably won’t work for you. The gas would eat your gains.

>>27527110
Bnt tokenomics are much better than 1inch but yes I think 1inch is here for the long haul.

>>27527073
Yes, enjoy your 1% apy a day

>>27526696
>>27526959
Thanks. And I can really stake on Metamask not on some exchange? Also wont Uniswap also scale to layer 2 with v3? What makes arbitrum superior? Sorry if I said something retarded I am still learning and a lot of this is just buzzwords to me

so according to the apy, does it make sense to put it one wbtc to earn some insane apy? it does make sense, right?

>>27527073
Yes buy bnt, stake it to make it

>>27526959
BNT at Uniswap market cap would be about $94 a token. Add to that that Uni token doesn’t do shit as it’s a governance token. Almost all BNT will be staked decreasing Cex supply dramatically. So $94 is fud.

>>27527527
Yes stake it. The returns are insane. It’s free money.

im new to defi but i never got why coinbase put it on bc it didnt moon like the other two
how long realistically until takeoff?

all bnt thread = high quality
all rubic thread = africa level IQ

>>27527403
This is too good to be true, why isn't everyone doing this?

>>27527890
Most people are busy chasing shitcoin or boomer stock pump and dumps nowadays

>>27527468
Yes Uniswap will also L2 scale. But they cannot compete with the incentives Bancor offers to liquidity providers or cross chain compatibility. Not only that but Arbitrum is faster and cheaper than what Uni is planning on using

So can a kind anon guide me like I am a retard (I probably am). Let's say I purchased BNT on coinbase pro...what is the next step to stake BNT?

>>27527890
The usual reasons. They aren’t paying attention because the board was flooded with tourists.

>>27528159
Have you made a metamask wallet?

>>27528159
Transfer bnt to a Metamask wallet

>>27528312
Yes, I have a metamask wallet

Shitcoin of the week
60k market cap at $0.10
600k market cap to reach $1
Unironically the next moonshot

https://www.coingecko.com/en/coins/axia

>>27528387
Once you transfer, open app.bancor.network in a new tab

What will happen when the incentivation stops? Any idea how they will prevent the liquidity moving elsewhere and the token collapsing in price?

if you put in the WBTC pool does that mean you have to put the same amount of BNT as well to get the WBTC yield? Or will putting only the WBTC give you only the WBTC yield? In other words is single staking only available for BNT or those other coins as well?

Also what happens while you are staking the price of your coins go up? Are you fucked for some reason? I mean do you miss out on those gains?

Lastly whats this anon talking about 100 days for? The pool with the longest remaining days is currently 80 days for the AAVE/BNT?

thanks for bearing with me with all these questions, much appreciated, your shill has already got me to buy BNT

ok another question smart bnt anons, why would this take off? is it because of staking or lockups or something

>>27528387
Click “connect wallet” in the upper right of the screen

>>27528523
They can run LM for as long as it takes for the pools to get big enough to run on fees alone. Read the first quarter protocol health report, everything is running beautifully.
The final confirmation was when 85% of BNT got restaked, only 15% got claimed. That was the biggest risk period for BNT where all the early LPs "took the money and ran" but hardly anyone did. All the LPs know they are on the best AMM platform in the space and aren't going anywhere.

>>27528569
>if you put in the WBTC pool does that mean you have to put the same amount of BNT as well to get the WBTC yield?
Seems like you missed the whole point of Bancor? It uniquely offers single-side staking.

>Also what happens while you are staking the price of your coins go up? Are you fucked for some reason? I mean do you miss out on those gains?
No, unless you take it out before the 100 days.

>The pool with the longest remaining days is currently 80 days for the AAVE/BNT?
That period is about bonus rewards, the 100 day period is how long it takes before you get protection from impermanent loss.

>>27528523
See
>>27507133
The pic is related. They will keep the incentives going until the exchange fees are high enough to keep liquidity in place

WHY DO I HAVE TO PAY 0.2 ETH FEE TO ADD LINK TO THE POOL REEEEE

So if I typically use Kraken, how exactly do I get into this?

>>27526562
Yea I do, used it to buy SENT. okay, I sent an amount of BNT.

>>27528953
Thanks anon!

BTW the general vibe in this thread unironically reminds me of early LINK threads.

don't mess with these, my friend. all you need is waves.

>>27528585
There are so many reasons discussed mostly above. Reread this thread until it makes sense to you. Also look through the archives.

>>27528398
So they're creating defi index funds? Do any other shitcoins do this?

>>27529101
Because Ethereum is a piece of shit. Arbitrum is coming soon and the fees will be much much cheaper

>>27529261
Uniswap but the tokenomics are very different. Uniswap is a near useless governance token. Bnt is a utility token with a 100x potential

>>27529156

Pretty much. I have been shilling Bancor here since November and no one ever replied. I was telling them about all this going to happen, and anons could have scooped up sub 1usd bnt and make bank off gains, but I guess I’m just happy it’s all happening.

Also hi Tyler if you’re here lmao

>>27529101
Think about how quickly you'll make it back though. I'll get my 0.1 ETH back in 9 or 10 days. I can't imagine you'll find a cheaper point of entry anytime soon.

So what is stopping someone from purchasing 1 million dollars worth of BNT, staking it, and becoming richer than Jeff Bezos after 1 year?

>>27529534
I want to pool 50 LINK, so then 0.2 fucking ether is not worth it. WHY IS THE FEE SO HIGH

>>27528151
>but Arbitrum is faster and cheaper than what Uni is planning on using
optimism is faster than arbitrum, arbtrium devs acknowledge it in their discord

>>27529103
Nevermind, I'm retarded. Eth -> wallet -> link wallet on bancor's website -> go into a pool -> ??? -> profit

Ok bros, this is freaking me out. I send my UNI to coinbase adress and on etherscan the transaction is complete but on coinbase its pending. Should I just wait or what?

>>27529534
ETH mainnet is busy as fuck because they just broke ath.

Did they ever add the ability to add custom coins to trade? I looked into this coin like 6 months ago and I didn't buy in because you couldn't trade shit coins like you can on UNI

>>27530132
nvm it finally showed up, usually it shows at the same time as etherscan confirms it

>>27529527
anon sir, is one sided staking also available for all those other coins in those pools, or just BNT? For example the BNT/WBTC pool, if I just put WBTC will it work to get back that yield or I have to provide equal amounts of BNT?

thank you sir good sir

>>27530571
one side only, but you ll receive both bnt (40%) and wbtc (1-2%) apy

So for an investlet that's only putting in like, 1-2k, would staking still be worth it?

Okay so I sent a test amount of 20 BNT to my metamask. Which pool is best to stake?

Another question, which pool is the most profitable? Which one are you guys in?

>>27531014
Yes, but I'd probably wait for lower transaction fees

>>27531014
around 150/month without bnt price mouvement. just stack and forget. we are Lucky because a lot of people are too dump to use metamask and pay contract gas fees

>>27531277
>>27531347
Thanks, and going into the BNT/ETH or BNT/Link pool is the way to go from this thread?

So can any anon answer what is stopping someone from purchasing 100k worth of BNT, staking it, and becoming a billionaire in a year?

>>27531646
a low IQ or a wife

>>27531509
if you have bnt, stacking them to the link pool will open room for the link marines. It's an elegant way to thank biz for this gem

>>27517762
i made 30k usd in the past month doing exactly that.

>>27531646
Im keen but it seems too good to be true.

I am guessing the 1% interest per day for staking BNT won't last forever right? When does the gravy train slow down?

>>27504735
>>27504787
>>27506438
>>27506682
>>27507821
>>27508126
>>27520072
>>27520976
Possibly silly question, but wouldn't you be paying taxes on all those returns?

>>27532083
If you stake BNT, your staking rewards will be in BNT correct? So after getting your rewards, simply send it to coinbase pro and cash out right?

>>27502178
I can't stack BNT beacuse of eth fees. How much should I look?

>Etherisc DIP
when dip will dip to $0.1? End of January is the worst time to get into crypto fffffffff

>>27531646
Having over $200k to spend on that BNT?

>>27531646
>So can any anon answer what is stopping someone from purchasing 100k worth of BNT, staking it, and becoming a billionaire in a year?
thinking of doing this but it's too scary

>>27528398
Prone to market manipulation fuck off. You cunts have already started selling the peak

>>27532257
Yes

>>27532257
Or restake for more rewards on your rewards on your rewards on your rewards dog

>>27532155
>I am guessing the 1% interest per day for staking BNT won't last forever right? When does the gravy train slow down?
would like to know too?
why does the dashboard says rewards stop in 30 days

>>27525687
Don't use the Bancor wallet! it doesn't interface with the protocol for some strange reason. i made that mistake too. Just use metamask and you'll be fine.

>>27533041
Do it fren, I have done the same and I am not joking, I literally get 2 k usd a day... comfy as fuck

>>27533206
The 30 days is a liquidity mining incentive program implemented to attract liquidity to bancor, it will go on forever until bancor is the biggest dex, btfoing uni and sushi at which time it will stop and only the fees will be enough to generate INSANE passive income

>>27531646
i literally have 100k worth of bnt and 8k link now staked. it's earning approximately 200 usd/day

>>27533767
Are we certain it will continue? I believe there are votes, what happens if they don’t pass?

You can stake from a hardware wallet? What's the best wallet, between ledger nano S and Trezor One?

so this basically means if I stake only BNT in this pool I will get 110% yield paid in BNT and if I stake AAVE as well I will get 10% of the worth of that AAVE again paid in BNT?

Having trouble staking, it looks like I have to add ETH as well?

>>27534202
Wait till you have staked for 4 weeks with the x2 multiplier

I am literally getting 2 k + a day

>>27534287
forgot image...

>>27534363
That's for the gas

>>27534391
>the x2 multiplier
Explain

>>27534228
Votes are done by governance, majority of BNT holders are LINK whales, smart money.

We are staking on the superior amm and we will continue the liquidity mining until uniswap and sushi both bend the knee but by then it will be too late.

In addition the protocol is generating enough revenue to sustain the program forever atm, so it will 100% continue

Read it , its comfy

https://blog.bancor.network/bancor-v2-1-protocol-health-report-january-2020-83338c904de0

>>27534391
just to clarify, i have 100k worth of bnt. not 100k bnt. still that's a nice stack you've got there. I'm feeling pretty comfy with my 50k bnt ngl.

>>27534577
As long as you don’t withdraw the bnt rewards you can restake it for compounded yield and every week that passes you will get 0.25x multiplier on top of your existing rewards payout :)

Would love to stake, but the cost of adding to a pool is around $200 for some reason.

On a 1000 investment that is just not worth it...

>>27535032
It’s a steep price, you will earn it back in rewards after 1 month though.

Otherwise wait for arbritum should be out within the next 30-45 days

What will be reasonable gas fee once network calms down? 60$?

>>27535220
Sorry forgot to say I am refering to pooling

>>27534815
Skimmed through, will read in detail later. Looks promising. So more likely than not we’re going to reset the counters or add another 30 days by the next vote?

https://ethereumworldnews.com/hackers-steal-23-5-million-from-decentralized-cryptocurrency-exchange-platform-bancor/
https://hackernoon.com/front-running-bancor-in-150-lines-of-python-with-ethereum-api-d5e2bfd0d798

i have 10k link, with around 500 of that staked on bancor network right now, how risky would it be to put my full 10k stack on the network? is there a chance i loose it all? also anyone know what kind of monthly return id get on putting my full stack on there?

REEF will also moon to $2

>>27519826
Can you explain how this happens? How is it decentralized if there is a team allowed to change, modify, and edit the code for the blockchain?

>>27536399
BNT holders vote on the changes. They don’t just decide without you

>>27536343
>is there a chance i loose it all?
>>27535664

>>27535664
That’s from 2018. They learned from their mistake and fixed it instead of rugging. Why do you think Coinbase just listed BNT?

>>27536801
CB is an exchange that takes profit for trade, they're not a security auditor. They have plenty of shitcoins listed.

>>27536776
It’s probably about the same chance you take when you leave your crypto on Coinbase or Binance. There is always risk. There is risk putting your money in a bank account.

>>27536990
So Coinbase, WEF and Sergey Nazarov are all wrong and Bancor is secretly trying to run off with our money after spending 4 years and millions of $ developing it? Don’t think so anon. But if you do, don’t use Bancor.

>>27534467
So do I need eth and BNT to make this happen?

>>27535032
It’s not. You need to wait for lower gas costs or come back with at least $2500. Gas would eat your profit.

>>27537542
I only pay gas the first time I add to liquidity pool correct?

>>27537349
If you are using Ethereum you pay gas to do so. You need gas to move your crypto into Bancor pools. If you are new to Ethereum, this might not be the best place to start until you understand what you are doing. Especially with gas being this high.

>>27537809
You pay gas to deposit and withdraw yes

>>27537311
let them buy rubic lol

>>27537311
>Coinbase, WEF and Sergey Nazarov
Are all of them bullish on bancor? I know WEF loves Chainlink, but BNT is new to me.

>>27537847
So there's no gas if you already own BNT and you're just dumping it single sided, correct?

>>27503881
What's arbitrum?

>>27538551
Layer 2 scaling solution, will make everything much faster and cheaper

>>27502178
xDai $STAKE - soon to be DeFi blue chip when even the whales start getting pissed at Uniswap fees

>>27537847
>>27538693

Okay so I have 492 BNT and 1.68 ETH in coinbase. Will I have to transfer all this over to my metamask and pay gas? Since gas fees are so high, should I just wait until arbitrum to add to the pool? How much BTN minimum + eth would make staking worth the retarded high gas fees?

>>27504950
What's the one on the right?

>>27538881
sending from cb > metamask won't cost you gas, but once it's in your MM wallet, the gas fees to stake on bancor will probably be around ~$100 (might end up costing a lot less, but the quote will be at least around that).

you could turn most of that eth into more bnt to get better value from staking, just save a chunk of eth for fees. make sure you won't need the tokens/money, though, that shit needs to sit and grow

whats the minimum BNT I can buy and stake to be useful if i have nothing else

>>27539167
It's set it and forget it right? After paying the initial gas fee to deposit BNT into a pool, everything is gravy right? When taking BNT rewards out of a pool, does that also require gas?

>>27539329
You need to make about $100 from staking in order to be profitable. I’d say you need about $2000-$2500 of a coin in order for it to be worth it short term.

In other words about 1000 bnt if that’s all you have

>>27539753
I can put $3000 in BNT. Can I stake that or is there a coin with higher rewards on the Bancor network?

>>27539617
Yes withdrawing requires gas as well. Hopefully Arbitrum will be out by the time any of us want to withdraw. And yes you just set it and forget. Once you are in you are in.

>>27539753
>You need to make about $100 from staking in order to be profitable.
We're talking $100 per week or per month?

>>27538521
no, there is
staking tokens or BNT is creating a new contract each time, so it will have a fee. better to stake all at once if there's room in the pools

>>27539876
Bnt has the highest rewards right now. Yes $3000 is worth it if you plan to stake for at least a month. The highest reward right now is like 140% on bnt

>>27539948
So the better play would be to just keep accumulating BNT on coinbase pro, then dump everything into a pool once arbitrum is functional?

>>27539894
$100 total in rewards to cover the max gas cost. After that everything you earn in the pool is profit

>>27502178
Will I make it lads?

>>27540096
The rewards right now are insane. I wouldn’t wait if I had $3000. That’s $350 a month at 140%. So you would make back your gas plus $250 the first month.

>>27540096
well, the best play is to get as much as possible in early even if the fee is steep, so that you can start earning. doing a few biger stakes is going to be better than multiple small ones but in the long run, a few hundred in fees will not matter if you can end up making it back in a matter of weeks and then just gravy train from there.

>>27540096
Depends how much you have. IF you have at least a couple thousand BNT, staking now is way better.

>>27540001
Do I need to put up an equal amount of, say, DAI to BNT for the liquidity pool? Or can I just put all BNT?

>>27540347
You can do all bnt if you want.

>>27540505
Thanks, I am going to probably do that in the ETH pool bc the DAI pool is low volume despite the high rewards for both

How much does it cost do stake 500 bnt or so? Does depositing a higher amount of bnt require a higher gas fee?

Is it safe to assume that it's smarter to add to the ETH/BNT pool rather than the LINK/BNT pool considering the volume is so much higher for ETH/BNT?

>>27540588
I’d try and go with a pool that has the longest rewards. Aave pool still has 80 days left of over 100% apy

>>27540187
very nice poorfolio anon, min 6x eoy

someone help, i have 200 UNI. should i sell 100 and go 50/50 into aave and snx?

>>27502178
Fuck me guys in the space of 30 minutes you have all redpilled me on BNT. Ditching half my L2 $STAKE for this.

What should I buy, BNT for best rewards and stake single-sided?

>>27534363
This looks like the interface for bancor v1 no? Can anyone else correct?

What's your thoughts on DOT op?

>>27521651
Shutup boomer

Ok, bought enough BNT to make it worth it. So how do I calculate how much ETH for gas I need to transfer from coinbase to metamask?

Where do I buy BNT as a burger? Coinbase pro doesn't let me.

>>27541327
Protip: have at least 0.2 of eth for gas fees.

>>27540949
Same thing happened to me. One day I was reading and then it was like holy fuck. This is going to BTFO all dexs. Best returns are on bnt in any pool. Again Aave pool has 80 days left of 109% yield

ZRX is the original bluechip, good shot at getting back to its early 2018 ATH

i was here and didn't stake cause too poor for gas
the future looks dark
remember me anons

>>27541327
Coinbase to metamask is nothing, few bucks. Its the cost to pool thats killing me

>>27541396
I’m a burger. I used Bancor dex to buy bnt. I have a vpn though

>>27502178
Thoughts on DOT op?

>>27541477
What happens after that? Do yields decrease and it becomes beneficial to switch pools?

>>27541598
That's what I mean, how do I calculate how much eth to pool?

>>27541327
Gas will be calculated for you when you go to deposit in the pool. It will estimate the cost. My estimate was $120 but it only ended up costing about $60

>>27541800
have at least $200 ETH to be safe, it won't be that much but it gives quotes in the $100 range for gas, and having some leftover won't hurt

>>27541800
Should be around hundred. You can get exact number by trying to pool and if its too high try later

>>27542009
damn 200 is like half and then some of my entire portfolio, guess i am staying poor :(

>>27542009
>>27541889

Thanks guys, added 0.2 eth, so I'm ready to go. Should I add my BNT to ETH or AAVE pool? ETH has higher reward but 35d left, AAVE 2% less but 80 days left.

>>27541744
The plan is to keep the rewards going until the trading fees increase enough. BNT holders can vote to extend the rewards

you're not fucked just gotta wait until gas fees aren't this high

>>27531066
Dai, usdc,link. 20 bnt is not enough though anon, gas will be like 100

>>27542168
The yields change with the market. Go with the longest running time. Aave

Ok you niggerfaggots, I'm sold. Don't care about fundamentals, have no idea what this shit does, but I can tell when I see a non-pajeet thread.

>>27542330
I have 1485 BNT now. Why do you recommend Dai/usdc/link?

>>27542295
So the yields are not locked in? What determines yield?

>>27513583
inj already has this

>>27542168
i went into eth, i figured it will probably get voted for rewards extension, if not, ill go into aave or whatever

>>27542242
meant for this bro
>>27542114

>>27521651
While that is true, The Graph is also the backbone of defi but all of the subgraphs are on the hosted service and have yet to migrate over to mainnet.

Fug before thread dies do I need both AAVE AND BNT to pool or can I just pool bnt

Holy shit. The amount of hopium and big-brain scheming in this thread rivals those November and October 2020 GRT threads. Count me in, folks. I just watched this and it is fucking insane.
https://www.youtube.com/embed/SbUqcbNqQ-Y

>>27542454
I love this post
the funny thing is in adding this image i realized probably the lack of pepes and cheap memes is what helps here lol

>>27542602
i will but it would probably be a moot point, i have almost nothing to stack, but i will try