/biz/ - Business & Finance

>>28197226
Easy x20

>>28197226
My current staking rewards, see pic related.
This is in a 2 week timeframe, but there is a lot of spread in my stakes. Most of it has been done 3 days ago.

Currently making a bit more than 400 bnt a day. Have around 45k in usd value link staked. The rest is all BNT.

The pools which I'm in are Link,Dai,USDT and USDC

>>28197226
The UI fucking stinks, but I'm making $100/day staking LINK so I'm not complaining.

>>28197226
I have never gotten an answer to this one. What mechanism exists to ensure the price of BNT is going up?

BNT holders receive BNT
TKN holders receive BNT

The IL is insured by BNT, so whatever happens it's paid for by BNT (minted or otherwise)

>>28197548
What exactly stinks about the UI?
If you mean trading wise, then I can assure you that the team is working on it.

They're even working on the weekends, the insane bastards.

>>28197695
The blinking LM reward timer on the front page is confusing as hell.I want to see the LM reward multiplier per position. I want better UX for restaking, maybe autostaking and a button to migrate my staked positions to another wallet without having to unstake and re-stake again.

>>28197855
it's being worked on
they take their time, but the results are very solid

>>28197695
Slow, often buggy, looks like shit on mobile

>>28197548
$100 a day?!

how much link do you have to stake to get this kind of passive income? asking for a friend.

>>28199277
>mobile
I hope you lose it all

>>28199710
>you're not allowed to open the page on mobile

>>28197226
Bancor is literally unstoppable

>>28197517
You made 2367 BNT in 2 weeks. How exactly is this 400 BNT a day? It's more like 169 BNT per day

>>28197855
Those are some good points, but I don’t agree with all of those. See my explanation below:
>The blinking LM reward timer on the front page is confusing as hell
It's there to show how much time is left for the LM mining rewards to end. Would you rather have it not showing at all and be suprised when you stake? Or do you think it can be done better? Would like to know.
>I want to see the LM reward multiplier per position
You can see that, fren. Those percentages you see by each pool, those are the multipliers. However, there's a toolbox that explains that the full effect of the multiplier is spread over 4 weeks. This is done of course to incentivize people to keep people staking.

> I want better UX for restaking, maybe autostaking and a button to migrate my staked positions to another wallet without having to unstake and re-stake again.
This one I do agree with. Especially the autostaking option should be considered. I do wonder if the gas costs could make this option risky to use. I would rather restake myself during a time when the gass costs are lower than have an automated process decide this for myself.
The migration part should be possible. However, it would mean losing your IL protection and multiplier. I wouldn’t agree with making these last while migrating as it makes it too easy to migrate to greener pastures, as they say.

>>28200298
As I said, I haven't staked all my positions at once. See pic for what I mean.

Thus I will be getting a lot more as the weeks pass. I expect to make around 1200 bnt after 4 weeks pass on all my positions.

>>28199277
What looks like shit, fren?
Can't really do anything with that info.
Also, I wouldn't recommend ever staking on AMM while on mobile.

Mobile is for convenience, not practicality.

>>28199587
10k stinkies will do at current APR.
You can get similar returns with ~12K BNT if you drop them in DAI

>>28200575
lol so you're staking $600k worth of BNT>???

passed my first week of staking, feels good man

>>28201316
Whales are staking more and more on Bancor. That's pretty bullish if you ask me.

>>28200741
Can't open items from the menu on the left in new tabs, loading times are slow and sometimes the protection page is filled with zeroes even though the wallet's connected. I stake through a trezor and metamask, but most normies I know do all their trading on mobile - uniswap, binance, cb, it doesn't matter, it all gets done on mobile - so I thought I'd check the page out and have a look around. I appreciate that these are all things that can be easily fixed, yet in their current state they remain issues. Another thing I'd point out is low participation in governance, which I'd chalk up to gas fees, even though there are workarounds.

Cool and all still hoping for a break out before this market goes to shit.

So I tried to swap on Bancor, look at the f*cking gasprice. How will this ever be used by normal people to trade??

$120k in bnt, making $250/day. Wbtc and dai pool

>>28202163
L2 solution already in the making.

>>28201316
Yep, have a lot faith in in the project.
Recommend talking with devs themselves in the Telegram. Not my whole stack though.

>>28201830
Ah, now that you mention it, you really can't open it in new tabs. Good point, will mention it to the team. Rarely encountered that glitch though.
It's a bit unfair to compare this to a CEX, though, don't you think? This is also not made for normies obviousley.
The low participation I completely agree with. 100% sure this is because of the insane gass fess atm. There is currently a governance proposal for a gass less voting system see the link below. I have full confidence this will be fixed.

https://gov.bancor.network/t/gas-less-voting/445/8

>>28201556
I'm just a fish compared to those haha.

>>28202163
Just don't be poor.
You wouldn't expect a platinum card to be used by burger flippers, either.

>>28202163
That's not real, anon. Probably the usual metamask bug or you tried to make a fake transaction to prove a false point. Swapping costs around 30 - 80 usd at the moment.

And even the normal gass fees will be reduced to almost nothing see >>28202590

>>28202702
bruh no one here is rich enough to pay $6000 for 1 gas transaction. insanely stupid

>>28202898
Oh seems I was wrong about 30 - 80 usd, eth network is even more congested than I thought atm.

However, your pic is completely false See pic for a real transaction.

>>28202898

>>28202163
That's a bug. How new are you? Never used Metamask before?

>>28202692
They're all over uniswap though, which I'd classify as a direct competitor. Saw that forum post, hopefully they implement a solution.

Ok its a wonderful project but when price go uppies

>>28197226
It's doing it's massive one candle spike thing. The other day it went from 2 to 3 usd in one 5 min candle. And then back down to 2.20. It just shot up from 2.60 to 2.74 in one candle.

>>28203238
>pay $131 to skim off $431, earning a cool $300 in a single second.
Nice.

comfy as fuck !!!

>>28203488
DANGEROUSLY based.

>>28203488
God damn it.

>>28203488
how do i do this

I have suicide stacks of link and BNT
If space opens up in the pool next cycle I'm going to make it

>>28203742
Literally just don't be poor, sucks for us poorfags to just have to hodl bnt

No Impermanent Loss :D, If you guys still don't get it... I feel sorry for you frees....

>>28203488
Truly based. Hope to earn that amount in a few months myself.

>>28203911
what program is this

>>28197517
>lol so you're staking $600k worth of BNT>???
based whale.
I am just barely not a top 100 wallet. you are way up the list.

Go stake your tokens on Bancor bro: app.bancor.network
It's that simple ;)

>>28203911
you will make it anon.

Bancor Pools
app.bancor.network

shame it won't pump. no famous normie jewtuber is shilling it like UNI and AAVE or SXN

What would you guys say is the best pool for staking just BNT currently?

>>28203488
goddamn nice
I'm just starting to hit like $100 day, granted, lots of activity lately...

>>28204573
Not yet,
The real question is, will you get in before they start shilling it or after ? ;)

>>28204812
After they hear about vortex (vBnt)
Or after they hear that BNT added polkadot (Soon).
It's also 5x below it's ICO price still!

>>28204689
You can check directly on the page...
I would say USDT, WBTC, DAI, REN, LINK pools and you are comfy :)

>>28203488
That is fucking magical anon, free money which is guaranteed to 10x over this bullrun. Enjoy freedom

when does vortex go live homies

>>28205984
Soon, vote passed just two days ago or so, im guessing a week or two from here

I will be making a bancor general every day, to discuss the protocol and answer those burning questions.

Hopefully, people will realize then, that this isn't a scam like Rubic, but a real platform that we're actually using.

>>28206869
btw newfags make sure you use filters so you don't miss threads

>>28206869
nice idea. say hi to the team, if you don't already work for them. pretty clear that Bancor actively lurks biz and recruits linkies on twitter

>>28206869
How does the multiplier work? I staked for 1 day now and got X rewards. Will this mean after 4 weeks I will get 2*X rewards.?

>>28207855
hi team, I would shill this for a living

By 2030 staking 1k BNT will yield an annual teacher's salary.

have you guys finally understood that bancor, right now, is deflationary and not inflationary. And it's happening while the liquidity mining rewards program is live.

IT'S FUCKING CRAZY. This shit is literally a money printing machine

>>28207979
yes. each week the multiplier is bigger until the end of the 4th week. Then it stays the same

I have about 4k links that I want to stake. Will I be cucking myself if I only provide link to the pool, or should I take out a loan on aave and buy some bnt with the loan to stake with

Fucking amazing coin. Never thought I’d see the day, been on biz since 2017. This shit actually works. No IL. Deflationary.

Going to $1B+ mcap easily.

>>28208498
W H E N
H
E
N

>>28208590
March

>>28208436
theres no room for 4k link in one transaction right now unfortunately. and you don't want to make multiple small stakes with gas being so expensive. i haven't seen room for that many linkers in the pool for a long time. you're gonna have to check and get lucky, or put in a lot of BNT yourself to make room for LINK. you could wait for Arbitrum for lower fees and then slowly work your linkies. I have some linkies I want to put in but it's not an easy play right now.

to add, even the ETH pool is shrinking. i posted about it being at like 100 ETH yesterday, it's at less than 30 right now. there was room for thousands when I first looked into BNT staking

>>28208849
I thought bancor was lifting their pool limits soon?

>>28209012
Personally I just traded some linkies for BNT and staked that

>>28208436
they might open a bit space for link but apy will go down
go to aave, get a small loan (no more than 1/4-1/5 of the deposit) buy bancor and stake.
Collect rewards, see your link go up and your bancor appreciate in value.

>>28209076
yeah they are, so follow the TG channel for updates

Currently accumulating. Have a 2k stack, but feel it’s to small to stake.

Just staked 75k BNT in BNT/ETH

>>28209896
im staking 2k BNT right now, mostly wanted to just do it to learn the process.

>>28210348
thx for the 2% bump

>>28210348
What made you go for BNT/ETH over AAVE or SNX? Are you convinced that the liq mining will be extended for ETH?

https://twitter.com/esimkarte/status/1359039587100860416?s=21

I have more then 30k Bnt and i got 9k BNT rewards. This will be huge and price will be 20$ in the next month. U will see. DEVs are Veery good

>>28210828
Just looked like better APR and I'm pretty sure it will be extended. I didn't even notice that SNX had a 73d window vs ETH @ 30d...I think I'm going to buy 50k more BNT and stake it in SNX/BNT

I'm pretty new to this

>>28210348
nice

>>28210828
They are planned for 72 weeks the only way they stop after that 30d is if the community votes against the extension. You can see the previous votes on this on the page

https://twitter.com/contranarrativ3/status/1358989047352463364

Few understand. This tweet doesn’t even mention Vortex, which is going to BTFO all Gen 1 AMMs. By EOY Bancor will go to $100+

>>28211105
Nice one lad.
>>28211410
Thanks fren, here's to us all making it.

>>28210828
It will be extended anon, I'll make sure of it.

i'm too late, aren't i?

>>28211948
>It will be extended anon, I'll make sure of it.
there is literally no chance eth rewards will not be restarted.

>>28197585
Would like to know this too

>>28212467
man governance in general is going to be so good with all the link and eth whales in position

>>28210436
>>28209896
your both gonna make it my little banclets

>>28211948
>>28212467
i fucked up going into the aave pool didnt i bros

>>28209076
Then apy will go down right?

been bancposting all day in here didnt even realize we're at 2.70

>>28212176
Nah man, BNT is undervalued at $10 let alone $2.70

Check out what they're up to: L2 on Arbitrum coming soon, they basically figured out IL insurance, interface is getting a facelift soon, and they're working on a bridge to Polkadot. BNT is undervalued and has a lot of room to grow.

>>28213145
Why will the token go up when people are mining bnt and increasing supply

ok so let's try to work out how this could possibly fail, specifically referring to vortex. i'm not qualified to speculate but i hope others are.

with vortex, you can stake your BNT, receive vBNT, exchange your vBNT for more BNT, and stake that BNT too, receiving double gains.

does this really make sense economically? there aren't any glaring flaws to this process? are there real world comparisons?

>>28213251
Most of the (extra) supply is staked: you can see that just by looking at % BNT staked. There is also fee based burning. Inflation is fairly low by stats provided by Bancor, I'll dump a few pics to illustrate.

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

>>28213529
for the record i am already staking 10k+ BNT - you don't have to shill me. i just want to sanity check vortex with smart biznizmen

>>28213594

>>28213669
Pic related also shows that fees are outpacing the cost of IL protection by a large margin

>>28213669
How hard will this pump? I’ve been trying to read on this a couple days. What are the tokennomics? Just stake and get rewards?

>>28213529
you need to buy back vBNT to access the staked BNT

>>28212877
>i fucked up going into the aave pool didnt i bros
no telling for sure, best move is just to let it ride I think for the full rewards period.

This is unironically a bitcoin killer

are we BTFO by a pancake?

>>28212877
>i fucked up going into the aave pool didnt i bros
by the way, i am 2/3 in USDC pool, 1/3 in eth pool. from the forums it looks like some whales are suggesting not supporting LM rewards on stablecoins, so I will be restaking as well probably in just less than 1 month...

Guys I staked link this morning and the gas fee was like 300. I did it anyway because link made me rich but I am not sure if I fat fingered.

>>28214351
Are you going 100% eth/bnt?

>>28214489
I mean I would've waited for a lower price

>>28214351
seems like a retarded suggestion, stablecoins at least have some volume

>>28203238
that is a sexy transaction anon
how are you interacting with it and are you going to do the same but with a flash loan

>>28213818
>>28213799
No answer? Everytime I ask this in a Bancor thread I get no response

>>28215268
It's not about pumping anon. It's a slow climb to the upper echelons of society

>>28214506
>Are you going 100% eth/bnt?
yes, very likely, will have to see how things look 1 month out...

>>28215528
I can’t wait another 4 years.

>>28215875
Then you simply are not going to make it

>>28216557
Are you retarded? I already made it just want to diversify. Looks like another shitcoin desu. Smells like one too with the cordinated shill campaign against whale link holders to get them to stake.

>>28215268
cuz you're asking mush brain spoonfeeder questions in a high iq thread
"how high will the price go up" lmao just stay away and buy rubic
>>28215875
impatient on top of being dumb obviously

>>28213529
You cant unlock your extra stake until you return the vBNT. You also get to own the exchange basically too with votes, Pretty lucrative

anyways, price prediction: bancor will go up by 1c per hour till the end of time

>>28217240
I'd get out of crypto then! Congratulations, you rode a wave of dumb luck to financial freedom! If you stay any longer you might lose that.

>>28217577
How new are you seriously?
>>28217261
I’m not even going to respond to this

to late, this pumped 2 hours ago.
its already +60% on the day.
where were you at noon today OP

>>28218386
>I’m not even going to respond to this

>>28218701
Lol

>>28217240
>>28218386
you're a fucking retard. your logic is that bancor is pajeet shit, and that therefore link whales are falling for pajeet shit.
nigger, bancor is about to have the highest link liquidity out there, and it's UNI and SUSHI that are the literal pajeet knockoffs

>>28218679
At least learn to read chars bro, its aroud 5% today

biztards coping is bullish

https://hackingdistributed.com/2017/06/19/bancor-is-flawed/

Anyone read this? It's from 2017 but still relevant maybe.

>>28219422
https://blog.bancor.network/this-analysis-of-bancor-is-flawed-18ab8a000d43

>>28219332
>At least learn to read chars bro, its aroud 5% today
wrong thread, my bad kek

I WANT TO ENTER THE POOL FOR LINK BUT GAS IS INSANE!

>>28217240

Ask me how I know you're poor. I'm one of the whale LINK holders. Why wouldnt I put my LINK there? I maintain 100% long position + swap fees + Lm rewards for literally holding my LINK. I also have a decnt stack of BNt which is earning me around 400 USD per day equivalent.

Lets talk about the machnism of IL mitigation by Bancor or their tokenomics/ Bancor vortex, etc and how it all ties in together. I be tyou can't because you havent fucking read up anything on it and have just assumed that the team that MADE THE FUCKING CONSTANT PRODUCT PROTOCOL FOR AMMS has now conceived and implemented IL PROTECTION; Mike novogratz applaued their bounary pushing + pioneering. I 150% guarantee you havent read how it works and just browse crypto twitter doing fuck all.

But yeah, stay poor you absolute <70 IQ dimwit faggot.

>>28211422
Jesus Christ buying more

>>28220039
braaaaaaaaaaaaaaaaaaaaaaaaaaaaaap

give me one good reason why I shouldn't move my whole PNK stack in BNT

>>28221937
I feel really bad for pnkjeets

>>28197585
1: Fees burn BNT (the LINK/BNT and ETH/BNT pool burned 2% of the BNT supply in 75 days)
2: BNT is incorporating a new fee for impermeant loss insurance, which will be used to burn vBNT

>>28197226
Thanks OP, these are the best threads on biz right now. One thing that is still not completely clear for me, with regards to IL insurance, are LPs compensated in their staked token? For example, if i stake 10k link, and link pumps 50% and my claimable value goes down to 9500 link, as long as i stay in the pool for at least 100 days, im able to withdraw the full 10k link i started with right? Some of the ways people describe IL insurance makes it sound like LPs are compensated with BNT tokens, so if they lose 500 link for example, they're compensated with 500 link equivalent of BNT, which doesnt sound very appealing, i want to at least be able to withdraw my initial stake+fees.

230 dollar gas fee to move 970 bancor into taking wtf

>>28223867
Not very based vitalik

>>28221770
by the way, you guys saw the recent federal report on defi?
they cite many white papers in what is a generally decent primer on defi tech
bancor, UNI and other liquidity protocols are explicitly mentioned, and one of cronje's papers is in the citations
https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets?utm_source=twitter&utm_medium=SM&utm_content=stlouisfed&utm_campaign=f0e83c05-c5ab-4e46-b80d-b70fcf0c0a27

13 days into staking

>>28223867
vitalik needs to stop eating lettuce and fix eth

this team is fucking good
it's hard for me to not be retardedly bullish on this shit

>>28224379
Please change to night mode. Looks 100x better.

>>28224379
nice brah
keep 'working hard' and growing those rewards :)
feels good to be a bancie

What stops BNT from cratering when rewards end?

Yo my lil bancrolll fre$h hittin the nae nae right quick

>>28224951
by the time rewards stop (a year from now) there will a bunch of new mechanics. in dev tg devs are discussing that bancor will soon allow limit orders. this will blow out uniswap and other clones

>>28224459
how does the space creating mechanism work?
Do I have to stake the same usd value of link and bnt or does 1link=1bnt in stake space

>>28224379
how are the fonts so fucked up in this screenshot? just shift-win-s: crop, then ctrl-v in make new post

>>28225140
it's equvialent. so when a pool is filled up, the experience will be the same as with other LPs unfortunately. expect pools to expand, though. it's a very nice feature for people who were already willing to stake BNT + their token though

>>28225103
Yeah they have been talking about an interface upgrade for awhile. I think it's currently one of their weakest points so hopefully they really get it right.

>>28225103
what's so special about limit orders?

>>28221937
We all moved out a couple months ago.

What sort of rewards can I expect on 6400 link?

16% x 6400 LINK x 12?

>>28226358
remove the 12 from your equation

>>28226433
Right lol I meant to say in one years time.

So I am making 16% worth of my link stack in a year, paid out in BNT?

just lost 7 BNT trying to swing. FUCK

>>28226984
>swinging in this gas environment

but why?

>>28227174
i transferred it over to coinbase pro so the fees are negligible but still a dumbass for trying to swing

Is it worth staking like 5500 Bancor single-sided for 2 weeks - 3 weeks and if so should one just wait till gas goes down tonight?

Comfy desu

>>28228038
not long enough with respect to fees
you want to stake at least 100 days

>>28228683
this kills the no-bancie

Any chance of API3 being added to the reward pools? I'd cum in my pants.

>>28226627
yes

>>28228683
How much are you getting per day?

I'm *this* close to swapping all my stinkies for bancies and letting it ride in a pool. I did so fucking well in the bear market but this little bull run has me feeling like an absolute retard with my dick in hands. Moonshots are doing well but the bulk is just a crab.

>>28229841
I'm *this* close to retiring

>>28230527
It's for you.

>>28229841
same but I couldn't ever part with my linkies, I already fucked up hard trying to swing

up 35% in one week... poggers