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28961557 No.28961557 [Reply] [Original] [archived.moe]


>> No.28961875

describe in your own words how it works

>> No.28962264
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>spoonfeed me

>> No.28962577

this is link level comfy

>> No.28962676

if you stake X amount of BNT, they give you X amount of vBNT back, you can then sell the vBNT for eth or whatever and go buy something else and make profits while you are earning fees and rewards on your staked BNT. so basically money you put aside to stake and earn interest on, you can also use to trade, or stake, or whatever you want to do.

>> No.28962715

is this why AAVE is crashing? This seems very similar to AAVE

>> No.28962743

it's built-in AAVE - borrowing against your staked assets (using vBNT) to stake in other pools and accrue additional yields while your original assets stay put

>> No.28962785

so its like margin trading essentially?

>> No.28962841

thats basically a free crypto loan. no more high borrow fees.

>> No.28963066


yeah, its aave without having to overcollateralise, its just 1:1. and you earn fees+rewards on your collateral. idk if aave does that.

>> No.28963208

sounds like a great way to go long unless bnt pumps harder than your long position

>> No.28964016

thats a big IF right now isnt it? BNT is picking up some normie steam it seems like and its holding strong against dumps

>> No.28964183

But how much gas does it cost?

>> No.28964487
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I know you are aware jigstack is a better coin than this shit

>> No.28965467

Same as staking / swapping anything else.
shoo shoo pajeet

>> No.28965617

when does BNT/vBNT pool opens though, I want to be first to jump in

>> No.28966035

Your staked BNT becomes collateral for vBNT, which you can stake/sell/arbitrage while your BNT farms.

>> No.28966065

If I stake my vBNT in the vBNT/BNT pool, do I receive rewards in vBNT or in BNT?
And does it take other vBNT that I have to get somewhere to unstake my staked vBNT or nah?

>> No.28966146

BNT to first one, no to second one, you only need vBNT to unstake BNT

>> No.28966226

It's already full bro. You're too late.
They'll vote on increasing the pool size soon.

>> No.28966235

This. I feel it's much safer to collateralize with solid coins like LINK on AAVE and borrow stablecoins, instead of taking the risk of having to buy back BNT, or simply being unable to because of price

>> No.28966388

is bancor just yield farming? why should I use it over platforms like blockfi and celsius?

>> No.28966739

Why doesnt it show any rewards?

>> No.28967078

its decentralized. all sort of things can happen to blockfi

>> No.28967187

vBNT/BNT doesn't have liquidity mining. You'll get a chunk of the swap fees for everyone who uses the pool.

>> No.28968366

almost seems more profitable to switch it to stablecoins and put them in pool then

>> No.28969214

Sure, until Bancor does a 2x, which makes the price of vBNT also do a 2x.
Now your stablecoins are no longer worth enough to unlock your stack.

>> No.28969424

unless you have farmed enough bnt meanwhile

>> No.28970044

yeah but can eventually convert your other crypto when you decide to unlock it, and dont really lose anything by doing that

>> No.28970733

why is that a problem? are you using crypto as a get rich quick scheme?

>> No.28970994


>> No.28971159

guys, i thought it through. this means some funds are going to be locked forever together with their rewards as soon as bnt pumps hard. it will become more scarce and price will increase even more. the more i think about it the more it becomes a trap. this could cause some serious feedback loop

>> No.28971805

So what u mean is BNT price = up

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