/biz/ - Business & Finance

>>28111157
Hmmm sometime this week. Do you feel the energy?

>>28111157
my bancies stay dankie. this is going to get me into six digits

>>28111316
volume gains have been fat this week

This shit is still under ICO price?! Kek

>>28111157
LM 20 BNT per hour.
when the multipliers all get there 40 per hour.
My brain

BNT is the last legit +100x for a long time coming. Take a good hard look at your portfolios and decide right now if you want to make it.

>>28111157
This + Vortex =

>>28112080
Amazing, of course

>>28111897
>BNT is the last legit +100x for a long time coming. Take a good hard look at your portfolios and decide right now if you want to make it.
i happen to agree, BNT is barely clinging to the top 100.
based on current state of LM, vortex, etc...this is the most obvious moonshot in existence.
Its an actual product doing it RN
its not speculation.

>>28111897
don't spook me like that anon. i literally will not know what to do with all that dosh

Got 325 LINKies in the pool and 220 BNTies in my wallet. I want to pool them too but gas fees are insane right now.
>$191 gas fee to put in $500 of BNT
I'm trying to get them in there in the next couple days cuz I feel like I'm gonna miss out on sick returns for every day I don't have them in there

>>28111864
If people are getting this many free tokens what's stopping inflation? Do they think people will just stake indefinitely and never cash out?

>>28112571
Any idea what apy looks like for staking bancies?

>>28111157
I have 50.

>>28111157
Easiest x20 in top 100 marketcap

Why use L2 Bancor through Arbitrum when people can use Arbiswap which is Uniswap on Arbitrum made by Offchain Labs.

Brainlet here can anyone explain why my APR on my BNT stake is 8% when the rewards say it would be 87%? I've staked 5k for two days and only got like $15 so far

>>28112614
i think this is what the 'Vortex' does. you get like diminishing rewards somehow and its protection from inflation?? idk i'm a dumbass i just see history and mone coming in

>>28113123
Those gains are only what you made on your SNX. There's also a bonus in BNT, which for you is 5.76 BNT aka 15 USD, which is the equivalent of 87% APY as you made those 15 USD worth of BNT on a 5000 investment over 2 days.

>>28113092
why use brave when you can use microsoft edge?

Can it hit $100?

>>28113762
Absolutely.

>>28113593
uhh.. what? both those browsers are equally shit

>>28113873
youre a fucking faggot

>>28114010
why are you projecting

>>28113593
The whole selling point of L2 scaling solutions, cheaper fees, etc. Bancor is trying to sell is worthless when Uniswap can implement the same L2 scaling solutions. This is way Bancor will not take Uniswap's marketshare.

>>28113123
87% is for bnt and 15% for snx

>>28113762
yes

why is this shit crabbing again, will we ever see pump like uni or sushi?

>>28114231
when will they be implementing them faggot

>>28114180
What do you recommend?

>>28114231
it already has uniswaps LINK liquidity and those aren't the only solutions, why am I even arguing with these retards

>>28113092
IL protection, single sided liquidity, vBNT

I shouldn't complain, fielding the same dumb fud over and over is the point of general threads, I suppose. good to see bancies in here helping newfags out.

>>28112614
>If people are getting this many free tokens what's stopping inflation? Do they think people will just stake indefinitely and never cash out?
The protocol burns when tokens are removed from staking.

>>28112695
Its around 110%, you can check the pools

>>28114425
it's never been more worthwhile to argue with retards than with danc stack of bancies that keeps growing while I call them retards

>>28111686
their ICO got fucked up by a hack but they white knighted and returned everyones respective shekels to the rightful owners

>>28114353
https://swap.arbitrum.io/#/swap

>>28114463
Sushiswap is also working on IL protection

>>28114335
it crabs and bumps up bit by bit. It'll do this until TVL over takes yearn and harvest, then you might see bigger pumps

>>28111897

>>28114335
shit just keeps crabbing farmers keep selling

>>28114967

Why am i seeing so many threads recently on this has been 2017 shitcoin?
Do you lot know something i don’t?

>>28115402
Go on their site.
The product just fucking works

>>28115402
https://www.youtube.com/watch?v=SbUqcbNqQ-Y&t=1s

>>28115402
Just read the threads and check TLV on defi pulse

>>28115402
>Why am i seeing so many threads recently on this has been 2017 shitcoin?
>Do you lot know something i don’t?
no we're just saying talking in circles, saying nothing, speaking to walls
nothing to see here don't worry about this dead 2017 shitcoin, nothing is happening

>>28115523
>https://www.youtube.com/watch?v=SbUqcbNqQ-Y&t=1s
When will Vortex be implemented?

if I were interested in shilling this coing like a pajeet I would be making up lies about how sergay himself stakes his lincors on bancor

>>28115402
>Do you lot know something i don’t?
anon. maybe you should start by reading the fucking threads.

>>28111157
Brainlet here with 30k bnt staked
What changes / what's the first move I should make when vortex releases

>>28116141
wait and see just a little. I can tell you that if it can just somehow be restaked directly, that is what I will do.
otherwise, I will convert it for a STABLECOIN and stake that, either on bancor or somewhere else, because you need vBNT to get your BNT out of staking, so I will not risk my vBNT on anything but a stablecoin.

>>28111157
Still can't decide if I should sell some LINK for this
Fucking hell

>>28116890
You won't regret it. In my opinion it's the most likely top 100 market cap crypto to x20 in the near future.

>>28112614
Yes. They do. For very good reason. Bancor Vortex makes it so you never need to cash out.

>>28113092
Liquidity. Oh and Impermanent loss. Oh and vBNT. Lots of new fags on this board need to get reading. I can’t spoon feed all of you.

>>28116767
I was thinking the same thing, but what if your bnt stack increases by 3x in meantime, wouldnt you need 3x more vbnt to unlock it?

>>28113123
APR stands for “annual percentage rate”. The key word being “annual” not “daily”

>>28115402
Ever notice how there's never more than one thread? Iykyk

>>28114231
Wrong. You apparently have no clue about impermanent loss and how it affects liquidity providers. And no, Uniswap isn’t going to win. I’m sorry. It just isn’t. You need to DYOR

>>28117396
yeah, this actually is a whole in my plan which is why if they offer direct staking(for apy/rewards) on bancor itself, that is what I will likely do.
But yeah, if you flip to say USDC, then BNT pumps, you will be in a bind. They say that vbnt will be priced on a bonding curve to keep it ~.8 of a BNT in cost, so that is the real risk.

>>28117396
Yep. Think about what that might do to the price. What happens if people never come back for their bnt because they can’t afford it? Those bnt become locked FOREVER

>>28118053
>Yep. Think about what that might do to the price. What happens if people never come back for their bnt because they can’t afford it? Those bnt become locked FOREVER

literally the point I think, its part of bip9 i think where they suggest this will literally contribute to LP lockups and liquidity.

>>28117716
>>28118053
I think it would work perfectly if you did it near the top at the end of bullrun, you could turn it into stablecoins, stake them, and unlock your stack later when everything bottoms out

>>28118752
I was also considering this. It’s actually a genius solution to crypto volatility. My only concern is that stable coin pools will all be full because of demand.

>>28115049
No they aren't totat bnt supply locked % keeps going up

>>28118490
>>28118053
excuse me sirs so are you telling me that my bnts that i have staked right now could be locked away forever somehow?

>>28119323
>excuse me sirs so are you telling me that my bnts that i have staked right now could be locked away forever somehow?
BIP 9 vote passed
If you check you wallet and add this contract
0x48Fb253446873234F2fEBbF9BdeAA72d9d387f94
you will see you have balance of vBNT 1-1 for however many bnt you staked.
When its turned on, sometime in next weeks/months, you will have option to swap these to whatever you want.
the catch is, you need to have them in your wallet to get your BNT out of liquity.
Think of it as a margin/leverage based on your BNT.

>>28119116
>I was also considering this. It’s actually a genius solution to crypto volatility. My only concern is that stable coin pools will all be full because of demand.
the stablecoin pool will always be full. you would need to stake them somewhere else probably.

>>28119323
If you lose your vBNT (send them to a wrong address) or when Bancor Vortex launches, perhaps you use your vBNT to trade and participate in other market activities and simply become disinterested in unlocking your BNT. In either scenario, the BNT will be locked forever, unless you obtain vBNT to unlock them.

>>28120013
So If u swap vbnt for something else you will never have as much vbnt as bnt again and never can unlock all of ur bnt?

>>28120186
Do you need vBNT to unlock BNT rewards or only if stake them?

>>28119116
>bear market starts
>turn your vBNT into stablecoin
>put in yAxis metavault for Pareto optimal yields
all you have to do is call the top and you auto-win life

>>28120219
>So If u swap vbnt for something else you will never have as much vbnt as bnt again and never can unlock all of ur bnt?
well,
if you swap your vBNT for say LINK
LINK moons
swap back portion of your gainz for all the needful vBNT
now you have your upside of LINK + your BNT

Anyone stake recently?
How much did you pay in gas for going:
Coinbase>metamask>BNT

>>28120709
I get it
thanks based high iq bnt bro

>>28120791
I don't know for BNT. But for unstaking another coin at the moment I have to pay almost 300$

>>28120791
I paid $260 but I’ve already made $800 so it was worth it

>>28121177
is a 2K stack enough to be worth it?

>>28121177
how much were you staking

>>28121177
What's your stack? How many days?

>>28120013
>>28120186
oh okay, cool. and i assume vbnt can be bought? how else would i acquire it? if i bought eth with it, then eth went down and bnt went up, then swapped the eth back to vbnt, i wouldnt have enough vbnt to get my bnt out. so how else can you get vbnt

>>28119323
Only if you use the vBNT pool. It works like leverage. I probably won’t touch it because of the risk but experienced traders will be able to make a lot of money off of it.

>>28120143
Also Dai pool currently has a lot of room if anyone wants to get in right now

>>28121296
You can look up gas fees and apr and figure that out for yourself, retard. How the fuck are we supposed to know what’s “worth it” to you?

>>28121296
>>28121381
>>28121414
I have 7k bnt and about 5k link on there. It’s been two weeks.

If you have 2k bnt and you stake in the Aave pool, you have 80 days left at 80%-100% apr (133 bnt/ month). So you need to stake for at least two months to be profitable

>vortex is released
>swap vBNT for BNT
>stake new BNT tokens
>acquire vBNT tokens
>repeat ad infinitum

>>28121516
VBNT is given out when you stake bnt. It’s not live yet, but the vote passed so it should be coming soon.

>>28122062
Sorry no one month maybe less if bnt goes up

>>28122097
“Buying” BNT with vBNT would really just be unlocking the BNT you just staked, so you’d just be transferring between two tokens getting cucked by gas fees.

>>28122062
thank you kind anon.

>>28122557
You might just want to wait for Arbitrum to come out to cut gas costs. It’s due anytime now

>>28121516
>oh okay, cool. and i assume vbnt can be bought? how else would i acquire it? if i bought eth with it, then eth went down and bnt went up, then swapped the eth back to vbnt, i wouldnt have enough vbnt to get my bnt out. so how else can you get vbnt
There will presumably be several pairs for vBNT which will allow you to acquire more vBNT.

>>28122402
Nah nigga, check put what vortex is. You can exchange your vBNT for BNT so you can swap to another crypto if you want to leverage your position

Really considering buying 10k BNT. This thing looks ready pop

Anyone know if there is a public road map available anywhere?

>>28126168
Go to blog.bancor.network

>>28111864
What's you BNT stack size

>>28127165
Add:
What is the current APY for BNT staking (single-sided)

>>28125264
You won't regret it.

>>28126930
no roadmap there

Currently staking 25k BNT, will I make it?

>>28127649
yes

>>28113123
>only
>only 0.34% in two days
God I hate financial iliterates so much REEEEEE

>>28127648
Goi to the article Bancor Progress Update December 2020 and scroll down to the section headfng near the bottom for: “Looking forward to 2021”

>>28112614
strong hands only
remove staking/remove before il protection just burns a shitload too.

diamond hands only

i dont know if you guys noticed but bancor has a lot of liquidity because everything is paired with bnt there. Meaning you need monster money to pump and dump. This is gonna go up but slow and steady.

>>28127649
Yep. I’m jealous

>>28111157
Still the most undervalued project in all of Crypto. Vortex + L2 will send this thing to it's rightful place - top 15 and > $5bn mcap

>>28128264
Daily reminder that fiatcucks get 0.34% for a whole YEAR of giving their money to the banks.

I hope this shit crashes. I swear I'm buying every single one you sell.

>>28128776
I second this. The tokenomics are absolutely insane. I’ve never felt this way about any project other than Chainlink (still never selling so fuck off)

if you have a make it stack of LINK and manage to stash it at BNT, you're literally financially independent now. and that's one of the pools with the least APY. let that sink in.

Harvest looks great too. Different price point, but excellent rewards there on their own coin with top tokenomics.

I thought I understood the staking, but after these recent proposed changes and people talking about vBNT, I'M NOT SURE I UNDERSTAND ANYMORE. I have about 10K USD worth of BNT and my original plan was to stake it, do I do that still? How does it work now, is there a guide?

>>28129170
Yeah I got 9k LINK in when TVL was under 20m. I think at one point i actually had about 1% of all the liquidity on there. ($150k when it was 15m). Now just cruising along with full IL protection, and got 30k BNT rewards in the first payout. Life is good.

Thinking about swapping my UNI airdrop to BNT...I’ve slowly started entering but I want more. Feel like this has potential and is way undervalued right now. The interface is retard proof compared to like Curve or something.

>>28129440
You would only leverage the vBNT if you wanted to by borrowing against it. You could just simply stake you BNT and sit with your vBNT and be done with it.

>>28113123
you only get 87% if you stay in the pool for at least 4 weeks without withdrawing from any pool or claiming BNT, it's retroactive meaning the $15 you earned will be $30
the 7.85% is swap fees which is on top of BNT rewards, that's why there's 2 numbers under FEES & REWARDS
https://docs.bancor.network/faqs#3-bnt-liquidity-mining
If you're not going to read the faq, at least hover your mouse over the (i)'s all over their website

Newbie here: do I need to provide same amount of $ for both SNX and BNT to stake it?

>>28128384
the level of spoonfeeding some people require...it's sickening

>>28129888
So the rewards section at the top right on app.bancor.network is that the rewards for everything?

Like Do i get my 110% for my staked bnt and also I get the extra rewards in the top right, or is the top right "rewards" box the rewards I get for everything?

>>28130164
Yes if you want to stake snx which is double sided or You can just stake bnt which is single sided

>>28130368
It’s why there’s always room for a dump. There is so much fucking dumb money in crypto already and we’re only like a third of the way into the bull

>>28130368
>>28130547
I will say, though, to that anon's credit, he helpfully posted a screen of the roadmap after being pointed to it

Go to docs.bancor.network. All you need to know is literally in there and they do an excellent job using step-by-step screenshots and videos for many of the UI topics.

I read the whitepaper today and there is something about the whole thing I don't like I can't put my finger on it.

>>28130692
Yeah, Bancor threads are good threads in general.

>>28130920
you'd like it more if you were staking a fat stack

>>28130164
>>28130492
no, they don't let you stake both sides at once into a protected pool through the website

>>28130368
i dont want to read all the articles lmao
usually sites have a page with roadmap

>>28130920
Don't trust white paper.
Use the actual product and judge for yourself.

I really recommend not passing this up.
Of course there is no guarantee this will pump more than the rest of the market, however this could pull a Link kind of run this year.

DYOR.

if im just staking bnt, which pool would pool should i pick? im going all in, i just need some recommendations.

>>28131903
if you stake bnt just pick the one with the highest returns

>>28130920
Here you go buddy:
Go to

https://zapper.fi/dashboard
Enter this Ethereum address:

0xb1adceddb2941033a090dd166a462fe1c2029484
When the results come up:
under “Platforms” click “Bancor” (currently a whale with $10M staked)

Does that help you put your finger on it any?

>>28132297
Fuck me what an absolute chad. leveraging that debt too for even more gain

anyone staking their makeit link stack? got 11k i wana stake but wana know what the returns would be before i fomo and lock em all away

>>28132297
>half a bil wallet
jfc

>>28131903
Pick a pool that still has space, has high volume, and good returns, and ideally still has over 80 days to go otherwise you're not going to make your gas back

>>28130395
that rewards section is just a live counter for your Rewards which are only 110% if you've been in the pool for 4 weeks and haven't withdrawn from LP or rewards, swap Fees go into the LP and can't be taken out separate from the Liq you provided
if you withdraw rewards your multiplier goes back to 1x, if you stake it, it doesn't but it wouldn't make sense to do either very often considering gas prices

>>28132921
What is the red timer for? ETH pool states “29 days left” until what?

>>28131903
AAVE, SNX, REN, ETH are all good choices

Dumping some juicy bits

>>28131313
whoa those are cool digits bro but I trust my gut

>>28133421
until governance (BNT stakers) vote on whether to keep that pair in the liq. mining (rewards) program... ETH would seem like the least likely pair to get dropped but who knows?

>>28133421
That's how long the pool lasts for. At the end of that time a vote is held to continue rewards or not. This is why I said to find one that has at least 80 days left.

Fees which are used to fund the impermanent loss protection are outpacing the cost of IL by >5x

>>28134332
nice

>>28114550
and for LINK?

>>28134332
^ Check the highlighted bit of this pic if you guys haven't yet

>>28135194
it's so clear that some big players knew what was up. we're lucky were's still more or less in that november pump. once BNT 'actually' catches on with the wider market it'll be juicy

>>28135943
stop...no...I can't handle more euphoria...

HELLO

HOW MUCH Can you earn staking 20k?

and what is the risk?

>>28136139
Transactions on test net currently cost ~20-50c and are several orders or magnitude faster than main net.

Arbitrum main net is supposed to be in Q1 2021. Enjoy anons.

>>28136848
Same for 7k :/
??????

>>28136139
This is probably the most wel-kept secret atm.
Insane to think this will make atleast a x5 - x10 by Q2

>>28132297
So whales are set up to dump this once they accum enough rewards?
I say the chart will do that $10 to .10 dropoff again entering bear market

>>28136848
20k bnt, pretty alright. could easily be netting hundreds per month, if not thousands with restaking
>>28136967
7k could be okay if you are patient and also believe the token price will increase. fees will rape you right now, though. you'll waste time holding because even if the rewards are decent, it'll take a while to pay off the gas for staking. and you will want to re-stake rewards to keep growing, which is more fees. so imo wait

>>28132921
none of the pools right now have more than 75 days to go in their LM cycle btw
the program lasts until early 2022 (72 weeks after mid November 2020) so it's a matter of picking high vol pools that governance will likely want to re-incentivize

pretty crazy only space for about 100 eth atm

>>28137342
What are the chances this happen

I hope BTC rekts alts so I can scoop up cheap BNT.

>>28137342
>slaughter the goose that lays golden eggs before the 2 year period is over
baka

I was going to double my stack on the dip yesterday but ultimately decided against it because it felt like I was just chasing losses
I can see I was very wrong

>>28139286
Imagine not investing in what Andre called too complex for even himself, pic related.

god i just want it to hit 3$ so i can forget about it

>>28139511
Checked. I also saw this. It feels surreal to be this early for once.

>>28129440
You are loosing money every second its not staked anon.
You do not need to do anything with vbnt.

>>28138222
Damn I remember tens of thousands of space when I put my lil effirium stack in last week

>>28140111
exactly

>>28140111
LINK also got filled up extremely quickly

BNT will be the #1 dex by 2022

Good luck staking anything right now. Was about to throw a bitcoin at this.

>>28140623
BNT will be the go to for blue chips, with absolutely massive pools, but won’t be able to compete with things like uni when it comes to brand new low cap meme coins

>>28135630
Good. Now I want to see this backtested against 2018 crash.

>>28140809
>500 dollary doos

>>28140991
Crash or moon, as long as there is volume there will be fees, and as long as there are fees then IL protection costs will be covered.

>>28140944
We don't need to compete with Uni on that though. Let them keep the lowcap shitcoins.

>>28140944
uni can have the low cap meme coins. if they aren't memes they'll get to bancor

>>28141207
Doesn't answer my question. I want to see numbers. Everything usually goes well in a bull market.

>>28140809
got in at $100 gas fee, did it late at night on the weekend

>>28142019
Did the same with my tiny 3k stack.

$3 eow?