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/biz/ - Business & Finance

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File: 28 KB, 800x266, bancor-black.c26bdefc.png [View same] [iqdb] [saucenao] [google]
29353853 No.29353853 [Reply] [Original]

Watch this absolute monster swallow the whole defi ecosystem with the likes of uniswap included.

It will be a blackhole of TVL. You either do your own research now about what they've accomplished with single sided pools with no IL, protection, and right now borrowing with the just passed Vortex proposal or you gonna regret it forever. I'll leave these 2 vids so u anons can grasp some basic concepts.

pro tip: not doing any research and buying BNT like a mad man will also works.



>> No.29353915
File: 255 KB, 780x1068, 20210220_170629.jpg [View same] [iqdb] [saucenao] [google]

Nobancs will be left behind.

>> No.29353947

my bankies stay danky

>> No.29354042

Poorfag but at least is my main hold

>> No.29354125

My two major holds are BNT and NU. Feeling pretty comfy the last few weeks.

>> No.29354184

will it drop to 5.5 soon? i want to get in

>> No.29354212

yeah? I got that BNT mayne it print me dollars hella

>> No.29354215

You're a bit too late for that. Lol.

>> No.29354237

In the process of accumulating size to match my other blue chip holdings. Please dip more.

>> No.29354306

It’s never gonna hit the ath again

>> No.29354322


>> No.29354329


>> No.29354333

Yawn... Too slow

>> No.29354334


Yeah no thanks

>> No.29354678

People were saying this before today too. And then it hit new ATH. And they still haven't officaly announced the AWSGov partnership.

>> No.29354707
File: 53 KB, 1200x600, bntgas.jpg [View same] [iqdb] [saucenao] [google]

>Team are true OG status, invented the protocols that AMM like Uniswap use
>token itself sitting at 700m marketcap vs >3b for it's competitors
>L2 based on Arbitrum coming; testnet since early January. Front end interface for test net was just released. 50x reduction in gas fees as soon as it's out.
>limit orders and general UI update coming very soon
>Bancor Vortex being rolled out as we speak, gives Bancor Aave-like functionality: you basically get a token to spend on other shitcoins or restake for your collateral in BNT
>favored staking platform of huge Link whales. Bancor has the most Link liquidity out of any dex.
>Atomic LP swaps from/to other pools coming
>Polkdadot bridge coming

yeah I'm thinking comfy

>> No.29354808

how do I determine if staking my stack will be profitable? I only have about 800 BNT, and I don't know if collecting rewards each week will net a profit because of gas fees.
Should I do it anyways in anticipation of a price increase for BNT, so I can start building multipliers?

>> No.29354818
File: 1.64 MB, 2012x1027, sneed.png [View same] [iqdb] [saucenao] [google]

Can you really get 80% APR on your LINK by pooling it here?

>> No.29355057
File: 579 KB, 1443x1946, 1416860045226.jpg [View same] [iqdb] [saucenao] [google]

If you can stake for 100+ days it will almost certainly be profitable (and quite a bit too) or 30 days for a good chance of it beating IL once 30% protection kicks in. Remember: it's 30% IL protection after 30 days, then 1% a day until 100% at day 100.

Your withdrawable balance of BNT will likely decrease until day 30% as BNT is likely to accrue in value in the meantime. At day 30, you will see a 30% spike in that, and then it should even out and quite quickly get into pure profit after that. Hope this helps.

>> No.29355080

Most undervalued blue chip DeFi play atm

>> No.29355083

until day 30*

>> No.29355110

I understand that bancor solves IL but what about rollups? Any plans in the works?
Talk to me and I will grab a bag.

>> No.29355218

not buying this literal jewish coin

>> No.29355334


this anon gets it

>> No.29355387

They're close with Arbitrum.

>> No.29355388

this question feels scripted
its already working fine on arbitrum testnet

>> No.29355494

Oh yeah man, they have been on Arbitrum rollups test net for 2.5 months now. It works. 50x reduction in fees, some improvement in throughput.

Developer call last week made it sound like Arbitrum was weeks at most away. Stay tuned.

>> No.29355583

bought 938 bnt at $2.44 and now priced out. Should I keep holding or accept that ill never be able to scoop a suicide stack and invest my gains in some shitcoin?

>> No.29355598


>> No.29355719

yes, thank you.
From my understanding, staking the rewards is what generates multipliers. However staking the rewards requires a gas fee to do so, right?
I'm thinking of just diving in to a pool and eating the cost even if it isn't profitable until 2x multipliers kick in, and letting it ride of only compounding monthly.
I guess I just need to dive into it and see what the number are.

>> No.29355787

why are you upset

>> No.29355841



>> No.29355892

If you stake for 100 days you will be getting 30%+ of your stack back, so unless that is less than gas fees, you should be good

>> No.29355941

I dont want it to moon just yet. trying to load up my bags

>> No.29355991

I tried using loopring before and it was a pain in the ass. Will these rollups be built-in to the existing UI or require separate accounts generated and stuff? I want it to be like you don't even know you are using rollups, just built in - if that makes sense.

>> No.29356005
File: 111 KB, 1014x676, 1613237204054.jpg [View same] [iqdb] [saucenao] [google]

good luck banclet

>> No.29356104

Moved all my BTC and ETH into BNT earlier because I had a feeling.

>> No.29356313

should I wait 2 weeks for timers to reset and get in the day they start, to be safe and maximize profits?

>> No.29356520

No impermanent loss?

>> No.29356762

So far, the timers have been renewed every time on the major pairs. The rewards program is set to run into 2022, so I think it is quite safe to say that they will be renewed again

>> No.29356786
File: 63 KB, 793x522, bntfees.png [View same] [iqdb] [saucenao] [google]

Yup. Fees pay for it. Pic related.

>> No.29356980

I have 270bnt. Will I make it?

>> No.29357069

just bought 1 btc and 9k bnt with my life savings. Seriously.

>> No.29357150

btc no bnt yes

>> No.29357167


>> No.29357174



>> No.29357296


>> No.29357310

I really could have bought this at like a buck when all the talk about 2.0 was happening. I didn't see it pump so I gave in to the fud. Feeling really bad about paying 6x for it now but I know it's legit as hell. I guess good luck to you lads.

>> No.29357323

Based. Stake your BNT on the platform ASAP and start earning gains.

>> No.29357375

Out of curiosity, where does everyone stake and with what size stack? I have a small stack (1k) and I'm wondering how much I need to accumulate before it's worth staking

>> No.29357619

XVS & CAKE > all of those

>> No.29357688

Are all Bancor LP rewards paid in BNT?
So regardless of what I provide to the pool I will be earning BNT?

>> No.29357704

I staked about 950 and am earning a little over 1bnt a day.

>> No.29357730

It's worth staking with that much. I only staked 1.1k and made 20 BNT in a week.

>> No.29357771

4k stacklet reporting in, all staked. Averaging 7 bnt per day in rewards + fees - should grow as multiple builds up.

>> No.29357793

Actually over 10 days.

>> No.29357812


>> No.29357854

lmao did you get that girl from the earlier "made it wife" thread

>> No.29357892

can you unstake it anytime you want? and what happens when you unstake? what are the fees to stake and unstake?

>> No.29357942

Back to rabbit

>> No.29357976

The king of AMM

>> No.29358011

ok bros im about to buy shill me the highest APY LP or stake, what should I do for max gains?

>> No.29358063

the fees are so low because the backend is an excel spreadsheet

>> No.29358298

Which wallet do you all use to connect to the bancor network?

>> No.29358432
File: 3 KB, 274x60, Untitled.png [View same] [iqdb] [saucenao] [google]

I'm ruined, every day they steal a little more of my eth stack

>> No.29358453
File: 180 KB, 1565x845, Small descending wedge.png [View same] [iqdb] [saucenao] [google]

Alright friendos, we broke our last high yesterday. Now we have some more data to go off of. Currently, I like $6.35 as the new breakout point. If this happens, there is no guarantee it will go above the new high of $6.78, but it will at least get close. If it starts coming back down after getting close, we may have a couple more days of consolidation. But since we already had that, which resulted in this small jump, we should be able to stay above $6.0 unless some extreme fuckery goes on.

>> No.29358482

Should be fine they don't even let you authorize infinite swaps anymore lol

>> No.29358492

I thought you're protected from IL?

>> No.29358667

It takes 100 days for full IL to kick in, but if that was any other DEX you would be kinda fucked

>> No.29358668

You are, staring day 30 at 30%, day 100 = 100%.

>> No.29358778

Can I buy this on Coinbase and store in meta mask? Is it erc-20?

>> No.29358782

wont be long now frens
Balancer is going to get flipped

>> No.29359109

Yes to both

>> No.29359202

Had enough of the endless crab shit of GRT, BNT has become my main hold next to Atom and FMT

>> No.29359421


>> No.29359488

50/50 bnt link portfolio?

>> No.29359770

Vbnt/bnt swap seems like it should be something you could have some fun with, anyone done any math on it? Today it sits at 0.66 vbnt per bnt, shouldnt that increase in the long term?

>> No.29359772

whats the make it stack?

>> No.29359805

how ever many you need for $100 per to make it

>> No.29359843

Which pool are you using? What do you do with vbnt?

>> No.29359938

I just tried staking with my metamask ledger and the tx failed
do I pay the cancellation fee, I still see it in the queue, and try again?

>> No.29359973

What's the stake it stack?

>> No.29360019

have the team described how they intend to handle cross rollup swaps if at all?

>> No.29360020

BNT is now moving guys!

>> No.29360743



>> No.29361842

I have 285. Feelsbad stacklet bro

>> No.29362050
File: 76 KB, 2048x1152, Eud0FENVgAII7F2.jpg [View same] [iqdb] [saucenao] [google]

Which one is it faggot?!

>> No.29362185

isn't it too high to buy right now? I was thinking about buying in once it's $3.

>> No.29362270

It should be 0.88 in the future. Thats why its strange why no one mentioned stacking up on vbnt right now, because it should correlete to bnt price in the future +25% increase due to better pegg. Or am I missing something?

>> No.29362335

Kek btc would have to shit the bed extremely hard for this to go below 3$. I dont see it, you maybe get in below 6$ if you are lucky

>> No.29362407

so what am I looking at pessimistically EOY or EOY 2022?

>> No.29362416

You can't stake it and get 100% returns, so although it's an opportunity, it's not really a good one assuming you're interested in holding BNT in some form.

>> No.29362541

Eoy: 400
Eony: 1.5k

>> No.29362627

okay I was thinking more along the line of 30/40

>> No.29362630


>> No.29363275

wont get higer than 9, expect whales to and bag holders to dump on ur ass

>> No.29363308
File: 90 KB, 733x805, yehman.jpg [View same] [iqdb] [saucenao] [google]

Lol, dump a free cash machine? Doubt

>> No.29363350


>locked up for insurance and vBNT
>no reason to sell
>you thinking they'll dump while it goes up

Yeh, the village retard is here

>> No.29363385

wow, cool pump I passed by
need help mates, someone uses Bot Ocean system?
worth buying or better check for other bots?
wanna test trading with algorithms and tools

>> No.29363486


Supply squeeze means people will be begging whales and bag holders to sell. Better just hope to get some vBNT instead fren you're about to be priced the fuck out for eternity

>> No.29363709

Bancor carried me from 5fig (40k) to 6 fig(130k) this year and will continue to carry me to 7fig hell this year
10x till summer

>> No.29363712

im never selling my money printer retard

>> No.29364182

That dude is an absolute fucking retard. No one is selling.

>> No.29364334

When the rewards timer runs out does it get restarted automatically?

>> No.29364479
File: 47 KB, 580x379, bancor-messi.png [View same] [iqdb] [saucenao] [google]

Yeah, whales will definitely dump as soon as the price has reached a measly $9 when UNI and SUSHI are in the double-digits range.

>> No.29364690

This is one of the developers faggot

>> No.29364973

strategic voting for the long term health of the protocol

>> No.29365210
File: 246 KB, 535x876, bnt-whales.png [View same] [iqdb] [saucenao] [google]

Exactly. He has 500k BNT, 0xb1 even more. These guys are not in for a quick PnD but are staking and want to profit from sustainable growth.
Also, the BNT distribution is very healthy as there are not many whales.

>> No.29365211
File: 2 KB, 101x125, 1610740321459s.jpg [View same] [iqdb] [saucenao] [google]

kek, this is the AMM for whales

>> No.29365308

Who here is making more money from Bancor than their job?
Neets may also answer.

>> No.29365348
File: 247 KB, 1440x2458, Screenshot_20210222-013828~2.png [View same] [iqdb] [saucenao] [google]


>> No.29365409

I am unironically. Traded 50% of my ETH for BNT at $1.2 when LM rewards were nuts.

>> No.29365497

I am as well but my job was a mere 10 bucks an hour and I only worked for 12 hours a week
Place is closing though and I'm gonna dump my sweet unemployment check into more Banc

>> No.29365532
File: 31 KB, 611x512, xc.jpg [View same] [iqdb] [saucenao] [google]

About twice as much as I get from waging
22 days in

>> No.29365535

Making $4k a week from Bancor and I'm unemployed, so yes.

>> No.29365595

Making ≈$7000 per month when the multiplier kicks in

>> No.29365778

How much do you guys have staked to get those returns?

>> No.29365954
File: 4 KB, 162x67, them-bnt-rewards.png [View same] [iqdb] [saucenao] [google]

After two and a half weeks.

>> No.29365997

17k BNT
40 ETH
1500 LINK

>> No.29366059
File: 245 KB, 933x1563, 1613947441466.jpg [View same] [iqdb] [saucenao] [google]

3k/week checking in

>> No.29366098

60k BNT 9k LINK

>> No.29366123

How much bnt do you have staked ?

>> No.29366132

Whats the best fud? No one will use the swap?

>> No.29366191

Fuck me guys sorry.
I’m new to this shit and have zero context for it and I notice every time how we shit up these threads with retarded questions

>> No.29366364

Nice, congrats

>> No.29366365

Also what the fuck do you do with your vBnt?

>> No.29366371

printing $10k a month, my job can't compete
it's too bad liquidity mining is only going to last another year lol

>> No.29366388

What is a suicide stack of BNT?

>> No.29366452

there is no fud that doens't make you look like a retard
the best you could argue is like, first mover advantag and mindshare compared to UNI
or you can just use universal fud about scam/hack/market crash etc.

>> No.29366486
File: 170 KB, 514x514, 1b.png [View same] [iqdb] [saucenao] [google]

good morning gentle newfags. i advise you to spend a few days lurking and reading before making big decisions. apart from buying BNT of course. you should do that immediately.

>> No.29366652
File: 127 KB, 334x346, 1543352512526.png [View same] [iqdb] [saucenao] [google]


>> No.29366790

what happends when the multiplier/high APY ends in 1 year? Everyone else is gonna dump this coin?

>> No.29366922

Yeah better worry about that now

>> No.29367768
File: 65 KB, 1148x362, Screen Shot 2021-02-22 at 11.37.59 AM.png [View same] [iqdb] [saucenao] [google]

bancies pls help, their support is taking too long
one of the positions isn't showing me fees&rewards earned, i tried all the obvious solutions
>restart browser
>connect ledger
>log on log off metamask
>clear cache
how do I fkin fix it?

>> No.29367891

Did you try a different browser?

>> No.29368052

Anytime I've had a glitch with rewards or APR not showing up it's been fixed by refreshing the website and reconnecting the wallet.

>> No.29368198

no I dont have any other browser installed and I am not going to switch to using another browser due to a buggy UI. but thanks

I tried that but unfortunately with no success

>> No.29368888

sometimes it will bug out, give it a day or two, mine similarly wasn't showing up
it's all front end bugs so don't worry about your bancies, they're still accumulating

>> No.29370215

I was having a hell of a time with my ledger just now too.
Stop using meta mask and just connect the ledger natively to it