/biz/ - Business & Finance

>>28609159
9k stacklet reporting in

>>28609159
>The catch is that you'll develop an addiction to refreshing https://app.bancor.network/..

If that ain't the truth

What's the possible top?

How many Bancies for a girl like this?

Bancor fees are 2x higher than uni fees. IL protection is not worth that much if you invest <50k rn

>>28609159
im financially ruined

>>28610145
In USdollars:
20-50 conservative EOY
50-100 bullish EOY
100-500 moonboy EOY
1835 megamoon as the defi standard, current ethereum market cap
>>28610331
>uniswap
Bro your growth lead bro
https://twitter.com/ashleighschap

>>28610331
I staked quite a bit admittedly but I paid for my staking fees (both in and out) within a few days of staking. It's definitely worth it.

BANCOR = BANCHOD

bloody bastard banchod make fuck with your sister

>>28610169
That's a bikini barista.
They are all escorts on the side. Just buy her overpriced coffee and tell her you'd like to set up a "date" some time.
I've fucked like 5 of them. One I even put it in her ass.
Cost is about 100 Bancies for an hour.

>>28610331
Imagine being this retarded

If you guys haven't read it yet, check out their February update blog post, some really juicy details inside

-UI update with limit orders, one click migration from other LP, etc etc coming soon
-Bancor vortex launching soon
-Arbitrum L2 demo front end is out

check it out

Bancor Shrimp - up to 100 BNT
Bancor Crab - up to 500 BNT
Bancor Fish - up to 1k BNT
Bancor Tuna - up to 2k BNT
Bancor Squid - up to 5k BNT
Bancor Bison - up to 7.5k BNT
Bancor Bull - up to 10k BNT
Bancor Elephant - up to 20k BNT
Bancor Rhino - up to 50k BNT
Bancor Dolphin - 100k BNT
Bancor Shark - up to 200k BNT
Bancor Whale - up to 500k BNT
Bancor Leviathan - +500k BNT
>>28611085
Based jeet
>>28611164
Poopa
>>28611239
Dangerously based and banciepilled

>>28611239
Shit I forgot the link

https://blog.bancor.network/bancor-monthly-progress-update-february-2021-685e174f6537

Not even fun any more

>>28611432
aaaah I am gonna graduate to elephant soon

Is there any way for poorfags to stake like is there some sort of pool poorfags could pool their bancies in and have the pool leader stake them or whatever you call this shit FUCKING HELP ME

>>28611650
That's retarded man, you have to be doing something wrong. Staking 100k bancies cost me 300 bucks a few days ago.

Won’t every project that hinges on gas fees fail soon?

>>28611854
Bancor is one of the projects testing and implementing Arbitrum. Gas should be 50x cheaper on their network when it comes out.

Also this was just released:


>We can’t share much at this stage, other than we are working on a new pool design that is in the final stages of research, and entering development soon. The design is intended to reduce the complexity of our contracts, which translates to a lessened gas burden for users. Among other advantages, the design could also support “liquidity amplification” (ultra-low slippage) on our pools and greatly increase the capital efficiency of the system.

>>28611650
Vitaliiiiiiiiiiik!
>>28611699
Very nice anon. You'll be a king.
>>28611719
I mean yeah you could probably set up a poorfag pool but you'd be at the mercy of king poorfag to not steal your bancies. L2 solution is expected Q2 2021 which will lower fees 50x. Hold onto your bancies nice and cosy until them friend.
>>28611854
This may be a delusional and disconnected take, but the fees are not a big deal at all if your stack is large. They are not acceptable for the greater adoption of the ethereum network obviously, but for enterprise and big bagholders it's hardly more expensive than converting the same amount in fiat to a foreign currency or whatever. Best bet is to wait for gas optimizations and L2 solutions if fees would make a dent into your total holdings at current prices.

>>28611951
I don't understand that shit and that exactly makes me bullish on bancor

>>28611951
>>28612078
So I should just buy and hold bancor and hope the whales don’t nae nae on me when the apr stops?

>>28609842
It's like watching your own money printer in real time.

>>28612098
From their update.
They are drumming up excitement, must be imminent

>>28612261
Even removing the incentives that keep whales staked instead of dumping on your head, such as the 2x multiplier that you lose for ANY unstake, there's at least another year of liquidity mining. The only way you'll get dumped on, moreso than you would in any other hold, is if XRP suddenly jumps to 2k and becomes the standard, or if Bitcoin crashes to literally sub 1k levels and everyone wants to save their last few shekels.
>>28612442
It really is like owning your own stake in the Fed.

EOM price prediction? 300 bnt here only

Can any burgers tell me if depositing LINK into the LINK/BNT pool is a taxable transaction?

>>28612774
I would argue no. You are kinda just moving your " money from one bank to another".
Your' rewards would be.

>>28612538
I think $5 EOM is doable, maybe 10-20 in Q2-Q3 once Arbitrum, limit orders, vortex and the bridge with Polkadot all roll out

>>28613242
>maybe 10-20
$30 ATH in this cycle if the team delivers (which i think it will). i literally aped into BNT at $1.9.

>>28612774
This isnt actually real right? Europoor here, I always assumed taxable transaction was just a meme you americans were making fun of?

>>28613613
Everything except buying crypto with fiat is a taxable event

Question for my Bancor brothers, if you stake a token and the price goes up, does the interest rate change? What about if the value of BNT changes?

>>28613613
Existing is taxable here. I don't know why Ameritards make fun of Euros for paying marginally higher taxes for actual benefits


But no, depositing link shouldn't be taxable because you're not trading currencies, just moving it from one place to the other. Now if you changed it from link to bnt and then deposited, yes that is taxable relative to the purchase price of your link.
>>28612774

>>28613005
naw, you would just get taxed on the rewards i imagine.

>>28613729
So if you dont take note of every transaction IRS will punish you? Its just seems so dumb, in my country its just 10% tax on profit and 0% if you hodl for a year

>>28612774
you're just depositing your tokens into a different account. just like moving your tokens from wallet a to wallet b is not a taxable event. trading and receiving rewards is, though.

>>28613788
No interest rates change based on the amount of liquidity in the pool, which incentivizes staking in new/lower liquidity pools

>>28612774
why it costs money and you keep your tokens
if it's like blocki the fees and apy count as earned income

>>28613005
>>28613938
>>28613982
>>28614247
Thanks anons. It seems like since BNT doesn’t wrap your LINK it’s not taxable however if you were to use a Yearn vault and get YaLINK it could be considered a taxable event depending on your CPA.

>>28614546
sorry should’ve said the Bancor Protocol doesn’t wrap your link ^

all in bnt and reef

>>28613613
Crypto to crypto is a taxable event so if they’re converting you tokens to bTKN or something in the background then yeah you would owe tax on it.

>>28613788
You get paid in tokens, not in USD. Your total rewards in USD equivalent go up as the token value goes up. All percentages stay the same and only change based on the depth of the pool.

Linkies and Bancies meeting with Lord Jacob, circa 2022

>>28616022
beautiful

>>28611650
Something is not getting est right, obviously. Go on the discord and talk to deva.

The rewards on that new wNXM pool are absolutely through the roof.

Some Nexus mutual chad please stake your bag for 120% ROI, I need that 272% on my bancies