/biz/ - Business & Finance

its just people being scared of the word "yield"

Is this really the answer to one sided staking? How is that not impermanent loss?

They didn’t “solve” anything kek

>>49677933
The yield is made up, the ones who withdraw early win, others lose. watch and see

how can you tell they are freshly printed?

>>49678028
It’s literally in the documentation. No one bothers to read it until they realize they’ve lost money, like the Celsius fine print.

>>49677842
How is this shit any different than the LUNA fiasco?

please delete this

>>49677842
Where can I short this shit?

>>49677842
I don't even hold any BNT and still I know this is FUD

>>49677975
That is correct. Never got the people that fell for the bancor hyper inflationary shit coin scam. There are two way in crypto to generate revenue, fees and interests on loans, everything else is a red flag

>>49678173
anyone have the seething oy vey book she wrote about this meme

>>49678391
but they stopped the liquidity mining program. LP revenue is generated strictly from fees now. try to keep up.

Hey bancbros I got something for ya, come close and 'ave a look
*WHACK*

>>49678470
https://vote.bancor.network/#/proposal/0x8a38c717f4a7996fa5a55584374bd1402fcac51454b6d8636dee30fb09b12f78

>>49678470
The problem is not the liquidity mining program, bancor is printer go brrr now, something that was in the realm of the possible and a red flag

>>49677842
Bummer. I was hoping somebody would crack the code of mitigating impermanent loss.

>>49677842
>>49677975
bancor is a ponzi
but it is run by sexy israelis

>>49678575
can you point me to where i can see this sudden supply increase you claim? genuinely curious

>>49678675
https://dune.com/queries/13918/27879
it's actually.... less than it was exactly 1 month ago

>>49678675
bnt has an elastic supply, they dropped the cap back in 2021

BNT aint going no where, great team and proper project

>>49678907
way to dodge the question
>>49678807
thanks, so it's just fud

>>49678961
Don’t tell these newfags let them keep buying memecoins and VC scams like SOL and Avax and Hbar.
>queue the Avax shills

>>49677842
>Bancor death spiral has started
>People are starting to notice your withdrawal is partially paid out in freshly printed BNT tokens
>Music has stopped, last one sitting is the sucker
FUD. bancor dao has voted and all rewards are ended. the only component to the APY is fees. the bnt component of withdrawls is exactly how the impermanent loss function works. you'd know this if you did any research. the bnt is not being printed to make up for this IL. this token will explode when all the panic sellers exit. vampire migration coming next. this is the smartest play on biz right now, do the needful and stack up. last one buying is the sucker.

>>49679002
As far as the supply thing goes, yes it's fud
There isn't a "death spiral" going on, people are just exiting the markets

>>49678675
The fud isn’t hyper inflation of BNT. The real fud is that you have a single sided staking that pays out in two tokens. The price of BNT needs to be high and have deep liquidity, because IL protection comes from dumping BNT into the token you originally staked when you withdraw.

The question is: do trading fees from dumping BNT into your original token after withdrawal cover the reduction in BNT price from the trade? If not, the potential for bank run is possible as more people withdraw and dump BNT for their single token, but the price will dump and leave the last withdrawals shit out of luck. Any of you staking in Bancor it’s time to save yourself while you can.

https://dune.com/queries/13918/27879
total amount of coins is stable

>>49679002
it's true that they pay out IL protection in newly minted BNT if the pool hasn't accrued enough fees to cover your IL on withdrawal. it's not ideal, especially when onchain options will soon offer more consistent guarantees.

anyone who is still staking link on bancor at this point is certifiable. staking has been announced. it's a matter of when, not if, there will be a run on bancor held link. enjoy your bnt :)

>>49679110
>queue
how come nobody on /biz/ knows how to spell? it makes me kek

>>49679515
that's spelled correctly, it's just the wrong word. cut some slack for homophones

>>49679515
Perhaps you’d be more comfortable back at Reddit?

>>49679607
Who the fuck are you calling a homo?

>>49679449
This. Withdraw ur link now before there is a run

>>49679270
the recent vote to end LM rewards should instill confidence in LPs that the Bancor team believes their platform is attractive enough to LPs that they don't need to lure them in with ponzinomics. sounds bullish to me. the fact that token supply hasn't drastically increased in the past month, and has in fact slightly decreased despite awful market conditions contradicts the idea that there will be a bank run on BNT.

>>49680059
Don’t forget that phase 1 of B3 isn’t even complete yet so autocompounding and a bunch of other shit still isn’t live yet AND there are still TWO more phases of B3 to be released and the most groundbreaking/innovative shit is not in phase 1. I’m accumulating all the BNT I can at these prices. Literally a once in a lifetime opportunity.

>>49680359
>I’m accumulating all the BNT I can at these prices. Literally a once in a lifetime opportunity.
This makes me sad if only for the fact that only one other bizbro sees it like i do. see you in the bancorgy, friend.

>>49679449
imagine thinking chainlink staking won't have a cap or that if chainlink made all liquidity dry up they wouldn't have big problems, keep drinking the kool aid

I have been accumulating VBNT, I fully approve v3

>>49680359
BNT buyers are the last line of defense against a bank run, but the problem is that the weakness of the system is this “confidence” in LPs. That is a probabilistic element, where deterministically there isn’t enough tokens to make everyone whole if BNT dumps and there’s a bank run. Don’t lose your stack :)

>>49677842
42 checked. how long does it take to complete a withdrawl from v3?

>>49682185
wow 1.4m pending withdrawl from bancor right now. that seems quite high

bros... curve just started death spiralling
crvusd is depegging

>>49682248
1.4m LINK pending withdrawl

>>49677842
I told you. I specifically said this exact situation was going to happen, two weeks before V3 came out. You morons said it wasn't possible. I knew you're all fucking retarded and I should listen to myself over any of you.

>>49678173
Amazing how that image stayed accurate for 5 years and anons still get suckered in

>>49682314
twitter bancor link crew capitulating. my buy orders might really get filled

>>49681482
LOL
you're on borrowed time and you know it. hope you can find a chair before the music stops.

>>49677975
What IS impermanent loss?

>>49680059
>the recent vote to end LM rewards should instill confidence in LPs that the Bancor team believes their platform is attractive enough to LPs that they don't need to lure them in with ponzinomics. sounds bullish to me
retards never really learn, do they?

>>49683633
You nigger. Bancor will be a Chainlink node you stupid stupid idiot

>>49684066
Imagine trusting a node with 98% security check. They going to get slashed and loses all their customers link

>>49678173
>>49682567

Oh man that brings memories of a better /biz/

>>49684066
what does that have to do with a run on link? bancor is going to run a node, people will stake their link with them, and you will be left holding a bag of bnt when liquidity evaporates.

>>49684363
Why the fuck would liquidity evaporate when you can stake on Bancor and earn link fees and Bancor swap fees? Did your mother drop you on your head as a baby?

>>49677842
brainlet alert. this is a normal part of the design that has been in place since v2. absolute baseless fud. bancor is the best place to be during all of this volatility. it’s the safest play to make some profit from all of the chaos in the market desu

So do I buy BNT or not?

>>49679449
You all are retards, they have said for the past year that you'll be able to LP AND stake your linkies that are in their pool.

>>49685072
Yes

>>49677842
another Israeli VC creation bites the dust

>>49678490
Fuck of Johnny

>>49685208
Mark Dickinson is an Aussie cunt

>>49684363
>bancor is going to run a node

Bancor can't even get on L2's. It took them 12 months of pushing the date back to get to v3. They KNEW this was going to be live last year.

Bancor will never run a node. They can't even update their front end designs without taking 6 months to do it.

>>49685370
No it’s just that they rightly understand that most L2s are shit, are scams, and are unnecessary esp when eth2 comes

>>49685826
Eth2 won't reduce gas fees which is the one thing going on for L2s
Besides, i don't get the point of this line of discussion considering the bancor team has already confirmed long ago that they would use arbitrum for its L2 implementation

Greyscale just dumped Bancor out of their defi fund

>>49687029
insider here. greyscale is insolvent.

Bancor literally operated this way since 2018 and nothing happened . Brainlet newfag fud

>>49685826
>ignores how the team cant do shit in timely fashion
>the team has been promising L2's for years
>tHe TeAm KnOwS tHeY ArE sCamS

bancor niggers can't ever keep their stories straight and i am loving the fact were about to watch your platform crash and burn

>>49688494
Fuck off trannyswap holder

>>49678464
bumb that sounds hilarious

>>49689391
not uni, it's seething LPL fags who can't handle the fact that anyone is earning more than 2.7% on chainlink.

>>49689627
That would have been my next guess which is funny because lots of bnt holders are link and linkpool holders.

>>49689673
yeah there's a small proportion of LPL holders who are really young and emotional, and the moment Bancor started talking about doing anything related to LINK staking they lost their minds and have been begging for Bancor to fail ever since. Fucking weird.

>>49685826
Bancor is releasing in Polygon next month tho.

bump

>>49689627
>earning more than 2.7% on chainlink.
we are earning LINK because linkpool, a chainlink node, is paid in LINK for its work. 2.7 % is just income pre staking. i absolutely cannot wait for you bancor faggots to get btfo. i dont root for anyone to fail in life but ive spent too much time warning bancor fags. let it sink

>>49689673
>>49689627
Bancor retards have been warned over and over again what's about to happen to them.

It's already starting.

>>49691569
absolute fucking kek. the latest person to have a successful link withdrawl from bancor received PART OF THEIR LINK IN THE FORM OF BNT. its already happening bancor bros fucking jump ship. also looks like it takes 7 days to withdraw from bancor gl.

>stake asset, it provides no revenue to protocol
>get paid in worthless token you immediately sell
So this is the power of passive income

>>49692145
I withdrew my 3.8k link an hour ago from bancor v2 without issue, stop being a faggot

>>49692252
v2 not v3? congrats honey

>>49692252
there is 1.45m link waiting to be removed from v3 which takes 7 days at the moment, and you still receive BNT coupons so consider yourself lucky and maybe stop being a faggot
>https://etherscan.io/token/0x516c164a879892a156920a215855c3416616c46e?a=0x857eb0eb2572f7092c417cd386ba82e45eba9b8a

>>49692332
Why would you withdraw that much Link in the middle of a protocol upgrade? It’s like you want to get fucked.

>>49693367
Oy vey, this anon is right. There is no need to withdraw anything, funds safu and all that.

If anything happens we promise to "work tirelessly to make everyone whole again(tm)"

>>49693367
how much of ur link stack is in bancor? be honest

>>49678173
i still remember the seethe about this image but can't recall who, where or why

>>49692332
kek i have two more days. i hope i get out before them

>>49693563
All of it but I’m a poorfag with only 160 Link

so Celsius, Bancor, are there any other Israeli VC-backed protocols we should be aware of? what hedge funds/groups are Israeli and what are they most invested in?

>>49677842
bancor overdid it with the "2 more weeks™" marketing
>2 more weeks for arbitrum, it will reduce fees by 50x!
>nevermind 2 more weeks for the vortex, it will improve tokenomics!
>nevermind 2 more weeks for the swiss bank partnership!
>nevermind 2 more weeks for v3, it will be one-click migration that reduces fees by 100x and enables auto-compounding
>nevermind we need a few more weeks for v3, but it will be worth it!
>nevermind we added v3 but we couldn't reduce fees, nor add auto-compounding, nor it was a one-click migration
>but in 2 more weeks liquidity mining ends! it will reduce BNT supply and improve tokenomics!
>just 2 more weeks!

all i see is a scam that rode the "defi summer" wave, but now is increasingly unable to provide any value proposition whatsoever

>>49695369
Israeli backed HAHAHAHAHAAH u bizniggers are truly next level retarded. I fucking spit on you and your ancestors gene pool

>>49695766
alright?

>>49695766
You ok there Shlomo Shekelstein?

I legit sold mine not even a week ago. What luck.