/biz/ - Business & Finance

Cool story bro
not

>>29254269
>bancors when the market is dumping
>bancors when the market is pumping

BNT is my comfiest hold by far

Best devs
Best community
Best AMM and it's becoming increasingly clear, especially to whales (look at the pools!)
Best upcoming roadmap

$100 EOY

>>29254269
where the fuck have you been, retard

BNT has generals now

>>29254403
Based

>dumped all my LINK into an exchange to get 2.5% APR
>find out about Bancor
>now stuck withdrawing my LINK out of this shit exchange that only lets you take out $25k a day and each withdrawal could take 24 hrs or more to complete
>see giant amount of space open up in LINK pool
>mfw

What do you guys think the chances are of a Bancor black swan event happening?

>>29254946
i knew staking link on these LPs was trouble. i'd be freaking out if i were you man

>>29254946
who the fuck did you trust with your link under those conditions?

>>29255170
the same thing happens to all these defi turds they reach some point and then they stall and begin a downward trend maybe there is one that hasn't but I don't know of it I guess the are good when they are pumping but who knows how to time it

>>29255170
Zero percent.

>>29254946
If you don’t want suffer IL your link is locked for 100 days on Bancor, too

Just a heads up

>>29255170
0%

is it true that the protocol can just print BNT for no reason if it needs to, thus hindering the value of the token

>>29255351
> for no reason
>if it needs to

Which one is it, retard?

>>29255170
impossible, mommy protects us

>>29254403
>me on the left
love my staked bancies

>>29255279
>the same thing happens to all these defi turds they reach some point and then they stall and begin a downward trend maybe there is one that hasn't but I don't know of it I guess the are good when they are pumping but who knows how to time it

bro bancor INVENTED defi. No joke, go look up who made the protocol that became the AMM. Their #1 goal is a sustainable protocol that can keep this up for years.

>>29255460
well if it's printing tokens to depress the price then why should i buy it, faggot

>>29254269
Crash-proof coin desu, no other alt seems that resistant

how many beautiful bancies do you think I need for staking to be worthwhile?

>>29255686
Bancies
Are
Safe
Every
Day

everything dumping, bancor chads pumping

>>29255892
I don´t know Anon, you probably pay 100 $ for staking right now, I would say something like 1k to make it worth

>>29255258
Exchange is Voyager.
>>29255279
Not in a defi platform now, it's a cex.

I just dumped 1000 BNT in the LINK/BNT pool, how fucked am I if I need to withdraw it before 30 days?

why the fuck does it cost me $350 in gas to stake my LINK

>>29256490
cuz bancor is run by jews

Lol, just another 2017 scam coin nothing to see here

>>29255660
>To depress the price
Literally what? God damn, keep reading dude

>>29256490
cause eth is gay

>>29256672
don't bother with brainlets

>>29255636
>>29256429
Why are you even arguing with some idiot who hasn't even heard of punctuation?

>>29256429
Ok, so it looks like 1 vBNT is .72 BNT so I guess I'd take a 28% hit if I had to withdraw before 30 days right?

>42,000 LINK open in the pool
>42,000 LINK open in the pool
>42,000 LINK open in the pool
>42,000 LINK open in the pool
>42,000 LINK open in the pool
jam em in if you've got em! opportunities at 20%+ gains off your LINKs don't come often!
>mfw just put in 15k LINK

>>29256490
>>29256954
>t. when you wanted to add your 5k stink stack to the pool, but don't want to spend $350 to vitalik's MLP fundraising event

>>29257481
>>29257565
is it even worth doing if i only have like 300 link?

check out bancor's twitter

>>29257603
OH NONONONONO

>>29254269
did you buy your shirt already?

I really wish I knew about this 2/3 months ago.

What’s the minimum Male it stack for this coin? I only have 21 so far.

>>29254269
delete this thread right fucking now

>>29257603
>bancor's twitter
>>29257699
what am i supposed to be seeing here?

>>29257873

>>29257737
>Price: 3146.74 USD
uhhhhh...

is anything more dump proof than bnt boys?

>>29257481
>35k left boys
>>29258526
stablecoins

kys shill

how much bancor do i need to make it

>>29257481

>>29258734
1k sui
10k make it

suicide stack?
How much do I need for rewards and fees to be worth it?
Is just buying some BNT (10k USD worth) and putting it in the ETH/BNT pool a good move?
I could be storing my ETH in there too right?

>>29258734
zero, buy silver retard

>>29258820
how much money is a suicide stack supposed to get to?

>>29258941
$500k @$65B mcap end of 2022

Why should I choose bancor over uniswap? Serious question. No tranny responses

>>29258941
Enough that you don't want to rope whenever you see the coin/token on coingecko

>>29259095

>>29259095
Better fees, cheaper gas once arb launches, much better rewards as liquidity provider, IL insurance.
Also to piss on trannies and minorities.

So what happens in 17 days when most of the pools lose that bonus thats going on right now?
We only collect BNT on fees? Because Im not making anywhere close to enough to make this worth it from fees.

>>29258854
should be good enough. I put 1000 and very happy with my decision. And yes you can store both bnt and and eth.
>>29258668
oh boy the nobanc cope begins
>>29259095
uni token has no value
>>29259183
>mfw

>>29259210
how much bnt do i need to cancel out my nucypher holdings?

>>29254269
i'm looking at defi for the first time, can someone explain why a token going up in price and shifting the weights of a pool while increasing the pools reserves isn't bad?

this 2017 dinosaur coin only came back to life cuz of /biz and the link marines. its just another shit coin.

>>29259255
how much bnt did you stake??

>>29259255
Maybe you should try doing some research. I'm feeling generous tonight so I'll help out a fellow bancorian. Governance will vote to extend LM rewards and if you're in a big pool like LINK, ETH, WBTC, it's almost a guarantee they'll be extended until April 2022.

>>29259255
It gets renewed, also its beneficial to wait intil l2 to withdraw

>>29259210
and w current mcap nearly 1/12th of tranniswap your ceiling is nearly untapped at this point

>>29259374
4k
>>29259448
>>29259451
pic related

am rarted, why does it cost $350 to stake on bancor when it only costs ~$40-70 for an ETH stake transaction on UNI according to etherscan?

https://twitter.com/ChainsightA/status/1363197627593093125
Holy based

>>29259067
It won’t go that high.

>>29259095
because bancor unironically solved the impermanent loss problem

>>29257481
I'm a retard, the 20% comes in BNT right?

Have you guys even considered what is going to happen when Arbitrum goes live and Bancor puts it on their main net? I mean it has been consistently performing at 50x savings on gas cost on their test network.

I wonder what that will do to the volume of one of the first projects to launch Arbitrum? I wonder what is going to happen to TVL on Bancor when all of a sudden it costs 5 bucks to stake....

>>29260104
yes but you also get swap fees in link

ngmi

Going to 20 dollars ez

So you're telling me to all-in on BNT?

I have 7k bnt and I keep buying more. It’s incredibly addictive even with these gas prices.

>>29260169
So that's additional 3,6% earned in link yearly on top of BNT?

>>29259342
anyone? it seems that they are putting a lot of work into preventing slippage. wouldn't this be fixed by token redistribution? They cant print bnt to keep the weights even otherwise that would create a loop.

>>29258526
why is your screenshot askew.

>>29260550
>They cant print bnt to keep the weights even otherwise that would create a loop.

they can because the bancor used for balancing never touches the market (its poolside only) and is 100% burned when the other side of the pair is withdrawn. It's genius, really.

>>29260539
based on the current number of transactions, yes. They are still not listed on many DEXes and their fees are the lowest when compared to the competition. So when they do get listed they will most likely grab all of the transactions there.

>>29260748
It is genius

>>29260748
so they do rebalance on their side. when/how does it happen, on price adjustment?

LINK pool is open. Still too much risk for me to deposit my precious LINK though.

>>29259986
current crypto mcap is $1.5T, double 2020. Barring a 2017 crash, what do you see as a realistic total mcap for crypto entering 2023?

>>29260854
it happens on the backend, yes, and it has no effect on price because the balancing involves 0 actual buying/selling

read this lad:
https://docs.bancor.network/getting-started/the-v2-difference

>>29260859
Just move some to a different wallet and stake part of them. That’s what I’m doing. 25%

Would 3-5k bnt be worth to stake?

Can I get a qrd on the benefits of the token specifically? I guess one can make the argument that because it btfos uni it should be worth more but seems there could be some good staking benefits with liquidity? I honestly ignored it when Americans were shut out for a while and I really regret it.

>>29261245
Yes. Current yields are like 100%

Wish I could buy into something like this right now for 5 cents

>>29261342
When this goes to $100 you are going to say you wished you got in at $5

>>29261279
Token is used to weight the pools and as payments for swaps. Also used to vote if you want to get involved with governance

>>29261245
how does 3-$500k eoy sound

>>29261224
excuse me how is this any different than just staking 25% from your normal wallet? Even if your problem is metamask perm. you can just revoke.

>>29261185
they mention co-investing, which I assume is matching what you add to a pool in value. they don't directly address the ratio change, only attempt to mitigate it. what am I missing?

>>29258941
$50-100 eoy
$200+ end of bullrun

>>29259748
complexity of the contract due to rewards structure and IL protection

>>29261774
honest question do you mean to imply this hits 200 sometime this year and then drop down to ~100 by EOY

>>29261342
I wish you and your countrymen could clean up the ganges

>>29261965
Fucking kek

>>29261965
funny but also sad

>>29261774
You think the bullrun won't end this yr? Interesting m8. Hope you're right!

>>29261922
this bullrun will last for years
if you don't get it, banking has already been replaced. defi is literally superior to financial services IRL. we've already crossed the point where it's more valuable to keep assets on-chain than offchain. all people are lacking is the knowledge, because literally just holding USDC or BTC in some random yield contract is leagues ahead of the return you can get in actual banks.

>9k LINK left in the Pool
>9k LINK left in the Pool
>9k LINK left in the Pool

>>29261566
it's not. i just put in 25% of my link. enough for mad gains without roping myself if the .000001 happens, which it won't. it's in God's hands now (guided by my jewish bancing overlords)

>>29262249
>>29262128
>>29261922
i may not be articulating it well, but the simplest way I can boil it down is that the most sophisticated and richest crypto users know their money is better off on-chain. the idea of a crypto loan is still fucking crazy/incoceivable to people who barely understand bitcoin, but to those who do, and are willing to learn, we're basically still insanely early. I'm not on some hopium here, it's just obvious. more money is going to go into defi than traditional banks, because in 5-10 years (whatever fucking timeline you want) anyone that's new to investing or making money will have all this defi shit appified and all the carded/mobile payment integration will be there. once it's safe, secure, and easy, banks will have nothing to offer. we're already there functionally. banks just cannot compete with smart contracts/dapps when it comes to money management.

>>29262249
This is all assuming people don't pullout and crash the crypto market as a whole right? All the yields will tank with a mass drop in liquidity wont it? I feel like there isn't enough "value" on chain to actually make this viable IF there is a major shift in market sentiment. Thanks.

>>29262249
>defi is the future
maybe
>bull run will last for years
definitely not

>>29262249
>>29262478
2017 bull was pure speculation, aside from cryptokitties/shrimpfarmponzi, there was no real functionality, just hopes and dreams. now in 20/21, people are making real money off these coins. Not just the protocols, but the users. Huge difference. I hadn't considered a multi year bull, I imagined it as a much weaker bear. Only a 40% pullback instead of 80%, and the money making protocols will not even dip that far / bounce back in 3 months not 3 years.

Started in crypto less than 2 weeks ago. After wading through an ocean of shit, this just looked so obvious, so I went all-in. 4k BNT stacklet, all staked. AIGMI?

>>29262806
Yes

>>29262806
try pooling it and you won't need to ask

>>29262945
didn't read till the end nvm

>>29261680
Ratio change is handled through minting/burning BNT tokens as appropriate, same as matching the initial values. It can co-invest but in the hypothetical situation that there was no user BNT in a pool, the system would put up all the BNT. These are of course closed BNT held by the system and users are heavily incentivized to take up those positions (burning the systems BNT).

Bros, whats the total fee to stake? Don't have time to transfer more eth...

In a digg maximalist myself. Soon as they voted bdigg for single side asset. I was sold. I can get returns on my bdigg with no IL. And bdigg gets me more digg. And digg is pegged to btc. Its a no brainer. Just wish the gas wasnt so high. 200$ just to deposit into the pool. Eth really became a whales game. When will bsc get bancor and digg?

>>29263081
And the pool keeps filling up really fast.

just bought a bit more BNT, been stacking patiently while this thing crabs, hopefully I don't regret this

>>29262579
>>29262767
I just don't see any incentives to pull of crypto this time around
last cycle stablecoins and fiat gateways matured into something really usable, so it was like one last shakeout of people still motivated to cash out and make real money
but today, those holding the most crypto have crossed a line where it's clear that they'd rather keep their money on-chain and simply keep re-investing into crypto

>>29263171
no need to rush into financial decisions anon. It's something along the lines of the current gas price + tx price. Just get 2x gas price and you will be fine

>>29262767
Im staking both BNT and LINK
and I really fucking hope you are right.
This will would be life changing for me

>>29263311
Well, never mind, it's full lol. Spent last 2 hours researching, didn't wanna rush.

>>29255285
Why not? Contract has been audited 3 times, and there is no IL. Just earn BNT from the liquidity mining

>>29263061
just to be clear and sure i'm asking about the price change. Every time the price rises and falls of the other asset is there bnt printed/burned to reflect that? can I get a link to anything that mentions that?

Shut the fuck up nigger don't tell these faggots

SAGE

>>29263515
no need to rush, friend. the pool opening today was just for whales to have a chance to get in. The last space opening was last Thurs (9 days ago), then clear up space *no less than 5 days* apart, and there will be some more opportunities. On top of that, some space opens up (1k-2k) randomly if you are a shrimp stack. Gas cost is about 250$ when fees are average/normal. Best time for low fees is approx 11p-12am PST (before youpoors wakeup, after most amerimutts in bed)

is link pool closed? i just woke up and it says 0.18xxx link
god fucking damnit

>>29263933
you just kind of have to watch it. Space opens up all the time but not for long. I suspect that once the normie tubers start making videos on BNT there will be a large influx of BNT being bought and poured into the LINK pool so there will be space.

imagine being a dumb fucking biztard seeing 100k+ LINK get swallowed up in hours on bancor and still missing out

>>29263878
So they periodically expend the pools? Haven't looked it up before since the pools were full. Guess i'll keep mining link the old fashioned way till then.

it can't be this easy, right? a fucking monkey could look at the TVL right now and realize we'll be at 1B in less than a week, guaranteed

>>29264234
Some of us are expected in the wreckage brother. Until then, maybe a lucky chap will happen upon our comfy convos.

>>29262806
gonna make it.
How many BNT have you gotten in rewards so far?

>>29262806
I hate to say this but you are one lucky fuck to all in bnt after two weeks

Very good dev team but thorchain will kill all these amms

Only have 700 bnt so not enough to stake yet. Its a start at least

>>29264448
By the time it goes live bancor will be in the top 10. What's better on thorchain anyway?

>>29264333
>tfw your money printer sucks you into a money vortex

Why did it pump so much that fast? I'm suspicious

Just had a look how much it would cost in gas to stake 900 BNT. $164!

>>29264646
You will make that back in a week or two

eth pool sooo juicy

>>29264646
That’s good, I paid $200

>poorfag switching from UNI to BANC
lets hope this works out /biz/

>>29264352
Not much, only been in for like 3 days, multiplier hasn't built up much. I think 20 BNT so far.

I started 2 weeks ago but spent most of that time researching before I found a move I wanted to make.

>>29264776
does it cost that much to swap between bnt and vbnt as well? i want to trade that at 0.65 and buy back when token burn comes in, but don’t know how much gas that will cost. i think its a better short term return than just staking, at least for now

>>29264768
What is this? Sorry, I'm an idiot.

>>29265216
Swaps are like 30 dollars tops anon don't worry

>>29264137
what is the ratio of link spots opened to new bnt spots filled? i might just fill both sides of the pool

>>29265362
Current pool design is 50:50, 10k worth of bancies makes space for 10k worth of linkies

5k link and 4k bnt in this shit will I make it

>>29265362
$1=$1

>>29265490
Yes.

>>29265439
>>29265556
niceee

Comfy time

>>29264768
This is returns per day?

Con judio tu ludio

>>29254269
SHHHHH. Dude, Bancor is my pocket pick. I legitimately need to get my staking reward multiplier going a bit higher before this shit is shilled again.

People don't understand AAM and Vortex yet. They just understand Uniswap.

Just let them learn more liquidity gets locked up against new tokens added into the liquidity pools first.

THEN shill this shit.

>>29266088
whale in the making

>>29266088
Nobody is shilling this. We're just having fun, shitposting, helping anons, watching our little reward stack grow every time we f5.
Save the shilling for pajeet scams and retarded bsc foodcoins.

newfag here trying to stake my BNT but the mining fees are rape, anyone knows how to dodge this ?

>>29266458
Wait for Arbitrum in March/April. That's about the only chance you have.

>>29266458
Unless you have over 1000 BNT I wouldn’t even waste your eth

>>29266258
its like getting paid to shitpost
theres no comfier general on biz right now

>>29266088
I'm already allin but seriously want to dca in more.

I'm working on getting a checkbook ira setup so I can hold in my roth. Will be about 3 weeks to put it all together. Hoping this stays quiet until then but with multiple daily huge threads on it, doesn't look likely.

Just went all in on BNT less go

arent you traditionally required to provide pairing of the tokens regarding liquidity? i dont see pairing anywhere, it just says stake link or bnt. Also what do these percentages mean? thanks

>>29267401

>>29267401
Welcome brother

>>29267430
single sided liquidity. You're welcome

>>29266458
no way around it. You can save a few bucks if you wait for times that the ETH network is less congested but not much in savings. look up gas fee heat maps.
I ate the gas fee. Im in it long term and the sooner I can get the multiplier the better.

>>29267512
is your reward less when you provide single sided liquidity compared to double even when you put in the same $ value?

bros would you pool your link if you only had 1k?
have some bnt in already, the risk seems low and that 25% is enticing

>>29267430
this is a selling point of the network. single sided liquidity.
The kicker is there needs to be a certain amount of BNT staked to open room for its pairing.

>>29267661
>>29267661
oh i see thank you. I thought your rewards would be less if you provided just one asset. Could you explain these rewards to me? in my post above? under rewards there are percentages next to coins, what do they mean?

I wonder how quickly the GRT pool will fill up.
if it fills as quickly as LINK I am going to be so fucking bullish

>>29257481
it costs fucking 6 link to sign the contract to deposit, probably just as much to go back through with it, fuck this shitttt

i have 5000 BNT. Is it worth it to stake and whats the best pool to stake them too? I was thinking eth/bnt or aave/bnt

>>29267941
its the current rate of rewards you can expect with the multiplier if you were to stake for 1 year this shifts from day to day though.

>>29268056
Yes. Eth, LINK or wBTC.

>>29267974
confident that whales will fill it up. it seems a good bit are in the know.

>>29267974
When grt pool

>>29265880
annual

let's face it, bnt is a scam

>>29268264
why those pools and not the aave pool for example. thank you in advance for answering my questions. I am lubing up my ass for the assrape eth gass fees.

>>29254269
The only thing I hate is just how stagnant it became after the last pump. When do you guys think the next pump will be?

>>29268588
monday

>>29268310
voting ends in a day. not sure how long after the pool will open but its passing with 100% acceptance.
2 million vBNT staked in the vote

What are your targets for this coin?

>>29268827
I bought sub $2 and probably the reason why the $20 dollar meme is happening in these threads.
but my conservative target is $20
I based this off looking at UNI and AAVE.
There is no reason why this shouldn't be $20

>>29268588
>300m marketcap token does a 2.5x over a few weeks
>goes basically sideways while the market dips
>already coming back strong

wtf do you people want?

Riding MOD right now. May join you guys later.

What are some milestones that are coming up and when?

>>29268588
go back to plebbit for instnat gratification

>>29269540
I don't care about instant gratification, I just wanna go to sleep without the fear that some whale that gets tired of it will dump this shit to the ground in one night

since the vBNT pool is full whats the next best one to join

>>29269389
Idk but BNT has only been good it has allowed me to leverage on a gamble something UNI would never but I am grateful for the UNI airdrop it brought me to Bancor ultimately

>>29268586
the rewards have to be voted to be renewed after the timer on the bottom of each one expires (17d for most, 62d for aave). ETH/LINK/wBTC are guaranteed to be renewed due to their size. AAVE & other coins could be renewed, but not guaranteed. Rumor on the street is that stablecoins could lose the rewards first. So the big 3 are the safe bet.

>>29270309
I can see REN being renewed too its been a solid performer this run

>>29269756
>I just wanna go to sleep without the fear that some whale that gets tired of it will dump this shit to the ground in one night
Same fren but BNT is one of the most undumpable alts, the pumps take a while to wind up but on the upside they don't tend to fall down far once they reach the top.

>>29270309
thanks famalam. time to pay my tribute to the money skelly and spend $350 to stake my stack.

link/bnt pool says 3.24% currently, but it was higher the other day. how often does it change?

this shit wont be adopted, until slippage is correctly fixed, the band aid solution they have now isn't enough.

ok NOW it looks like it's ready to blow past 5.70

based

Why isn't BNT 2B market cap yet?
Serious question.

Should I liquidate 3k worth of EGLD and SNX for BNT? Currently have 180 BNT

>>29268791
It’s only at 16% Quorum though it needs 40%

>>29272047
cuz bnt=jewscam

>>29272047
We're edging, gotta really build this load up and blast it all over DeFi faces this summer once Arbitrum and the bridge with Polkadot is what everyone is talking about

hnngh

>>29273960
whale staking?

>>29269756
You have zero fucking idea what you've bought. For you this is just a random set of letters that went up, and you want it to go up again.

Just staked another 12k$ of BNT in the LINK/BNT Pool. I am at almost 4k Bancies now.

>top 10
It can’t, because xrp is going to be top 10, all positions from 1 to 10. The shitcoins can fight over top 11-20

>>29273960
He's a big guy....

You were told to buy

>>29275602
>mfw i had the chance to buy sub 100 but i didn't know what an NFT was and thought it was an actual overpriced shirt