LINK STAKING

[Anonymous No.20066072]

LINK STAKING AVAILABLE ON BANCOR NETWORK AFTER V2 UPDATE IN JULY

What is V2 update though?
>1) new version of Automated Market Making (AMM) that eliminates the risk from impermanent loss (HUGE problem with all AMMs that has previously stopped market participants from providing liquidity into the pools)
2) EVERYONE can provide liquidity to Bancor pools with just their token of choice, which hasn't been possible before. That means you can earn trading fees from staking LINK or RSR, while not having to have exposure to any other tokens in the liquidity pool. That means all the digital assets that don't have staking will move to Bancor to earn trading fees
3) amplified bonding curve that reduces price slippage now also available for volatile assets (example: AMM with $100k in its reserves has 10% slippage on a $10k trade; but if you introduce 20X amplification, the slippage on the same trade will be reduced to 1%). That means buying/selling will have less slippage than on centralized exchanges. All trading will be done in Bancor
4) as a liquidity protocol they provide liquidity to lending protocols and this means that all decentralized exchanges will outsource liquidity from Bancor, which means Bancor liquidity pools become even larger and more profitable; this creates additional demand for BNT (liquidity loop)

[Anonymous No.20066082]

>>20066072
AND ABOUT BNT

>token not needed
The BNT token is crucial to all the Bancor AMM's (automated market makers) as it by design makes up 50% of each liquidity pool on the network. Why is that important? Market participants will be incentivised to stake their long hold token of choice in Bancor V2 liquidity pools due to getting no impermanent losses from staking and having the advantage of single token exposure, while earning trading fees as liquidity providers at the expense of traders executing trades. So if the value of the other tokens in the liquidity pools increases, the BNT proportional value has to increase as well to balance the pool. How will this happen? From BNT stakers getting more favourable dynamic fees if the pool is unbalanced. This creates more market incentive for people to buy additional BNT to 'arbitrage' the fee imbalance from the pools - price of BNT goes up. Another important factor: the BNT supply will be inflated as BNT staking rewards will be given from minting new supply, which amplifies the potential earnings from staking BNT in addition to making profit from trading fees. If you're not staking your BNT, you will be diluted out of your market share %, so there's a game theoretical design for every holder to stake their BNT, which creates the following loop: the more BNT staked > the better the liquidity for traders > less slippage for traders > more volume > more fee earnings for liquidity providers > more demand for BNT > price of BNT goes up > deeper liquidity pools > less slippage > more volume > more fees > more demand for BNT > BNT price goes up and the loop goes on and on until all digital assets are being traded on Bancor or outsourced from Bancor liquidity pools. That's what's called the 'liquidity black hole'. If that loop gets succesfully implemented, there's no ceiling to how much BNT could pump.

[Anonymous No.20066337]

Huge if true

[Anonymous No.20066457]

>>20066072

When does v2 go live?

[Anonymous No.20066469]

I hate Bancor(lost too much money on this) but I love LINK(made too much money on this)

What now?

[Anonymous No.20066476]

>>20066072
BNT is the easiest bet.

> Staking for any asset with a chainlink price oracle
> Will attract the largest liquidity pools, driving volume and thus fees paid to stakers
> Bancor DAO with staking coming immediately after V2 (non-stakers will be diluted out = 50-90% of supply will be staking)
> Sub 100Mil market cap, literally cheaper than some other DeFi protocols that have started issuing their own coins
> Considered by Coinbase for listing

[Anonymous No.20066492]

>>20066457
This. Surely it will dump after going live. I have all my spare cash in DMG right now, but I want BNT as well.

[Anonymous No.20066572]

>>20066469
you don't even have to buy BNT to support Bancor
Even if you just stake your LINK on Bancor and earn trading fees it helps with liquidity of LINK which in effect results in BNT price rising.

[Anonymous No.20066672]

>>20066572
Are there market cap predictions for bancor if they get anywhere close to their liquidity black hole? Wanted to buy in at $1, but was hoping for DMG to moon faster. Am currently experience some serious FOMO...

[Anonymous No.20066678]

With a total supply of 69,148,554 BNT (3.5 times less than DMG), how far do you think BNT price can go?

[Anonymous No.20066787]

>>20066082
>the BNT supply will be inflated as BNT staking rewards will be given from minting new supply

Not a fan of this. PundiX had a similar idea where holders got a monthly airdrop based on their stack size. Initially it went up, then people realized that the airdrops were creating huge sell pressure and the value of the token plummeted 99% in 12 months.

I realize Bancor's staking mechanic sets it apart from PundiX, but the staking has to be extremely profitable to keep up with the sell pressure from minting more tokens. We shall see I suppose.

[Anonymous No.20066803]

>>20066082
Same goes for rune tho

[Anonymous No.20066821]

>>20066787
I think BNT inflation design is more close to SNX's model

there's no sell pressure from inflation as long as stakers keep compounding their BNT, which they are incenstivised to do by game theory (part of the liquidity black hole mechanism)

[Anonymous No.20066829]

>>20066787
no, this is similar to SNX's inflation
SNX is mooning big time
BNT going to follow SNX's mooning before and after v2

[Anonymous No.20066834]

>>20066672
it's hard to predict, but if V2 indeed works as intended (which we can't be 100% sure until it's live) I can't see it not being at least a billion dollar cap

[Anonymous No.20066982]

>>20066821
Eh, I'll throw some money at it then. I've been looking to show some support to Defi since I'm a fan of the concept.

How safe would it be to stake your Link on Bancor? I'd hate to think you're one hack away from losing your make it stack.

[Anonymous No.20067019]

>>20066982
honestly, noone knows yet

V2 is currently going through extensive code and attack vector audits and they'll have a bugbounty as well, but since it's the very beginning you can never be 100% sure

I'd say just test it out with a small stack for a few months and if no major blunders happen then start slightly increasing the exposure to liquditiy pools

[Anonymous No.20067055]

>>20066834
Could go much much higher $10 billion market cap +

[Anonymous No.20067097]

>>20067055
that's true, but there are a lot of optimistic assumptions in the +$10 billion market cap projections

it could definitely happen if the features work as promised by the team and no weaknesses to exploit are found in the design/code along the way

[Anonymous No.20067123]

You guys are all forgetting that bancor is jewish. Run by absolute massive honker turbo kikes. They will steal your money again just like in 2017

[Anonymous No.20067401]

>>20066072

FOR GODS SAKE STOP TELLING THEM. I HAVENT FINISHED LOADING MY BAGS. IM THE ONE FUDDING THE BANCOR ON THE TELEGRAM TRADER GROUP.

$0.9 IS MY BUY TARGET BUT I THINK I MISSED THE BOAT.

[Anonymous No.20067487]

>>20067123
based jews know how to pump their token
>>20067401
$0.9 could still easily happen
do not lose hope fren

[Anonymous No.20067646]

>>20067123
Retard tier FUD trying to get cheap BNT. Not going to happen. Shit is going to $10 fast. Massive IQs behind Bancor V2.

[Anonymous No.20067666]

>>20066072
This is link stacking

[Anonymous No.20067905]

We making fun of people from telegram group. We tell them BNT will pump hard and sell before it drops. Our target is 0.9

[Anonymous No.20067983]

>>20067905
did you make a typo?
you mean you tell them that it will dump hard and sell before it drops?

[Anonymous No.20067996]

>>20067123
To invest in Jews when it comes to money is a no brainer.
When it comes to money Jews know how to make it.
It's genetic.
Follow Jews or stay poor.

[Anonymous No.20068000]

whats a solid sell limit?

[Anonymous No.20068159]

>>20068000
$15+ is a good time to start taking first profits imo
maybe 10% every time it multiplies your original stack after $15

[Anonymous No.20068193]

>>20066787
is it pun-dicks?
or poondi-x?
either way, horrible name

[Anonymous No.20068474]

>>20066072
>What do we have here?
Oh, it's this shit again...
Piggy backing the Link logo to shill this shit coin, very brilliant. Your piece of feces can't even shill itself. LOL!

[Anonymous No.20068486]

>>20068474
you will stake LINK on Bancor goy
and you will pump BNT as a result

got it?

[Anonymous No.20068674]

It's just gonna get hacked again isn't it
Defi is a meme because of this

[Anonymous No.20068727]

>>20068474
Sergey made a tldr article to shill it himself
It all sounds amazing on paper
The hacks is what I'm worried about

[Anonymous No.20068965]

>>20068727
blog.chain.link/challenges-in-defi-how-to-bring-more-capital-and-less-risk-to-automated-market-maker-dexs/

[Anonymous No.20069039]

>>20066072
>staking Chainlink
Source

[Anonymous No.20069068]

>>20069039
you can stake any Chainlink supported token in Bancor V2 as a liquidity provider, including LINK

[Anonymous No.20069076]

>>20069039
Bancor lets you stake any asset that's traded on their platform as a liquidity provider. Go to their blog, there's a fair bit of reading to do.

[Anonymous No.20069121]

>>20066457
3rd week of July.

[Anonymous No.20069126]

Are you talking about staking linkies as contributing to the collateral of a node and getting a part of the transaction fees, which is what link is all about? Or is this just lending to a liquidity provider?

[Anonymous No.20069132]

is all this just a big POC for derivatives etc? prove the concept with shitcoins, then introduce real assets

[Anonymous No.20069178]

>>20069126
It's lending to liquidity providers, nothing to do with node staking. But Bancor v2 allows single asset exposure and no impermanent loss, so assuming their security holds up it will be a good place to park some linkies until LINK staking is released.

[Anonymous No.20069275]

>>20069068
>>20069076
Interesting, thanks

[Anonymous No.20069308]

[Anonymous No.20069325]

>>20069308
look at that faggots picture lmao i don't know how anyone uses twitter it's as cucked as linkedin

[Anonymous No.20069332]

>>20069178
Ok, it's not staking then. The thread title is misleading

[Anonymous No.20069346]

>>20069325
Euros can’t help but seem like giant faggots

[Anonymous No.20069356]

>>20069332
It's putting your LINK in a smart contract to generate profits, that's a pretty good start.

[Anonymous No.20069386]

>>20069178
>so assuming their security holds up

>>20069308
>if they pull that off with no exploit

big if

[Anonymous No.20069438]

>>20069386
Eh Consensys Diligence and 1inch are both doing independent audits. Nothing is 100% guaranteed but at some point you have to go with the odds.

[Anonymous No.20069534]

>>20069386
You still don't trust this man? Repent!