/biz/ - Business & Finance

1 day and 10 hours

>Same for BNT except you have around 2 days left until it x2 out of nothing. Vortex is coming. TVL will double out of thin air

what does this mean? I bought 5k bnt 3 days ago. I was under the impression there was more than 2 weeks to accumulate?

https://www.youtube.com/watch?v=SbUqcbNqQ-Y

watching rn

>>27689373
Link is shit faggot

>>27691148
>watches vid
>simpsons reference
instant buy for me anon

do I lose my tokens if I participate in a vote?

>>27691283
no

>>27690926
Watch the vid

Say you have 10k usd. You buy BNT and deposit into pool. You are now earning swap fees and LM rewards.

Next, you recieve vBNT for your staked BNT. This relieves all your BNT + your admin fees. Admin fees are going to derived from swap fees afaik.

Finally, you can actually sell that vBNT for another shitcoin tho at you feel may outpace BNT. So you swap vBNT for LINK. Say you wait 2 months and LINK moons 20% more than BNT. You sell it. You rebut your vBNT, which can be swapped for BNT. That BNT has been accruing swap fees and admin fees, so now, you have your BNT that you bought + the fees accrued via swaps and LM and admin + any price appreciation + the profit you made from your LINK swap.

These guys (eyal) made the constant product protocol, decided to integrate chainlinknoracles to overcome IL, but ethereum was too expensive to maintain full up time on the CL oracles, so now they developed a single sided staking imprement loss proof function as liquidity provider, in a sustainable fashion that results in burn>inflation.

There’s your fucking alpha leak for you. I was shilling BNT for months but biz is new retarded or they wait for Twitter shillers to tell them what to buy.

>>27691639

Thank god i got in 3 days a go

These have been the comfiest threads in the past few days. Thanks anons

>>27691639
I got hard from reading this.

Buy the dip

>easily 1000x
Fuck off shill.

>>27691639
Still only at 12% quorum, vortex hasn't passed yet.

>>27691639
Except every single one of these steps burns hundreds of dollars of ETH in gas fees, so this is really only for LPs who are moving around hundreds of thousands of dollars worth of tokens.

>>27695035
Aren't you glad Bancor are early adopters of Arbitrum, then.

Why would I provide single sided liquidity to a BNT LP when I can just farm the single asset somewhere else like YFI who will expose me to LPs and other ways to earn yield as well? If Bancor is the best yield then YFI will just keep it in Bancor.

>>27695083
L2s are a meme. Whales make money no matter what due to economies of scale, so they'll always stay on L1, and since the masses lack agency, they'll do whatever the whales do and suffer the high gas fees on L1 until they're totally priced out of Ethereum DeFi.

Thank u. My bags are full since 1.20$

Its undervalued.

>>27691639
i don't understand the part where you buy 10k bnt and suddenly have an extra 10k in vbnt which can also be sold. does the vbnt "replace" the bnt that you staked, and you can only get the bnt that you staked back by trading vbnt for it?

>>27689373
Yet, biz is still sleeping on this.
They do not know what degeneracy bnt vortex will bring with it, which is unironically great for the token holders. This is what will happen:

>People will stake BNT
>People will use their VBNT to transfer to BNT
>Sell BNT to gamble on degen uniswap shitcoin flavor of the week
>People will lose money as shitcoin dumps
>People will try to get their staked bnt back
>Discover that BNT increased steadily in price, so they’re locked out of their investment
>They cry while buying more bnt
>>27691639

>>27696954
Yes you have to put vBNT back to unlock your original BNT stake
>>27695576
>whales will voluntarily pay higher fees because they make money anyway
OK

>>27697193
thanks fren

>>27697193
>>27697887
bnt could easily increase more than any other choices of stock so i personally will just keep the vbnt. if you don't mind, are there any benefits from voting, or anything else you can do with vbnt?

>>27689373
Drop link and save the holy trinity

>>27689373
HEY OP CAN YOU PLEASE STFU ABOUT BNT? I'M NOT DONE ACCUMULATING.

Why are LINK and SNX performing so poorly?

>>27698340
This. Although I'm still thinking about which pool to put it in. Considering ETH, AAVE and SNX mainly...

>>27699361

I just dumped on ETH pool

>>27691639

Nice to see my comments are being copy pasted lol. Hope you’re buying yax.

>>27696954

vBNT is a derivative/ representative token of your staked BNT. This can then be traded on the Bancor protocol for other coins to take advatange of opportunities as you see fit/ be a fucking degen. To reclaim YOUR BNT that has been accruing swaps fees + LM + the admin fees.

vBNT = your BNT + swaps + LM + admin fees (they may be derived from the liquidity providers, haven’t read bip9 properly). It’s possible the admin fees are earned by vBNT alone, or the vBNT is the derivative encompassing all the different forms of revenue. Like I said, I’ll have to rv bip9 You can use that vBNT as collateral or tradeable assets for other opportunities.

>>27700724
Yeah I bought YAX and I'm staking, should I put stablecoins there or do I get better gainz with BNT?

>>27695035

But who was early audited arbitrum. Yeah, gas fees are annoying for little stacks, but you are straight up Reddit tier for thinking whales don’t pay attention to fees lol. The biggest debate between whales as LP providers is slippage offset vs swap fees (never minding IL). Some dgaf about fees once slippage is ok, while other won’t get involved with a slippage that big despite better swap return as it forces a time commitment.

>>27698420
Thoughts?

>>27700951

I’d wait if you’ve a solid stack. When v2 yax kicks off, you’re gonna see v high yields as the different strats are released; that’ll be on a weekly basis initially as transfer and call(lead dev) is very very conservative re security, despite the two audits and numerous bug bounties.

If it’s small, throw it into Bancor as the IL won’t be massive, but if you’re mid 6 figures, you’ll have to wait the full 3 months. Again, you’ll still be earning great returns on that and protected against IL. So it’s not like either are a bad choice, but you can move in and out of yaxis at the drop of a shit, where as Bancor is more time beating; especially if you’re stack is significant.

>>27689373
That's nice and all but then why is the price at -80% of ATH 3 years ago?

>>27701404
I am retarded, someone please explain to this man his good qweshcen

>>27700724
Shill me on YAX fren?

>>27701404

because I sold. Now im buying again

>>27701646
check the archive, he made a post about it a couple of days ago

Quick rundown on y-axis

>>27697111
I'll be checking those trips friend.

>>27701404
Tell me how I know you have never staked on Bancor.

The rewards given in the last 3 months equal a mindblowing 670% apy , now it dropped to 120% but still that means while price slowly crawls up our BNT stack more than doubled in amoubt of BNT held

>>27702138
I get that (hence 'that's nice and all') but you really haven't answered my question.

>>27702696

Bear market, all dumps. Nobody cared about "defi" or decentralized exchanges. IDEX used to be the king but has like 1m vol today.

stop shilling this shit

>>27703654
>shilling
stay poor fren

Whats so great about Vortex btw

>>27701041
their time will come