BNT - Bancor

[Anonymous No.29596799]

overtaking AAVE edition

[Anonymous No.29597337]

anon aave is a lending protocol
how does comparing it to bancor make any sense?

[Anonymous No.29597461]

>>29597337
>he doesn't know about vortex

[Anonymous No.29597575]

>>29597461
i literally dont bud why dont you tell me
ive been looking to put some liquidity somewhere would bancor be a good option? I've literally only heard about it from link marine spammers

[Anonymous No.29597683]

>>29597575
>https://blog.bancor.network/using-bancor-vortex-46974a1c14f9
it's pretty cool using vBNT to leverage

[Anonymous No.29597790]

>>29597575
They're probably staking their BNT for more LINK, it's free money lad. Maybe some other kind anons can drop the relevant links

[Anonymous No.29598010]

>>29597683
so say i have my entire link stack on aave right now to take leverage to buy more link using stablecoin loans (and also taking stablecoin loans to farm)
would this be of any use to me?
what is the max LTV i can take?

[Anonymous No.29598227]

>>29597575
It's pretty much the best option because it is the only protocol that actually mitigates impermanent loss successfully. They have very deep liquidity, good volume, high rates and one of the best dev teams around (read their documentation). Dev team literally wrote the protocol that eventually became the AMM aka all the dex we see today. They also have a seriously stacked road map for 2021..

[Anonymous No.29598326]

>>29598010
yeah I don't think you get leverage if you stake LINK, only BNT. But I could be wrong.

[Anonymous No.29598368]

>>29598227
all my DEX trades have gone through bancor recently
but i dont see how i would use this for aave, there is no lending going on

[Anonymous No.29598469]

>>29598326
vortex only been added for bnt but its coming to other coins too vETH has already been mentioned by the devs many times

[Anonymous No.29598665]

What’s the make it stack? I could get 9k BNT, would this be enough?

[Anonymous No.29598711]

also why is there APR then rewards?
is the APR the fees collected and rewards a promotional thing?

[Anonymous No.29598881]

>>29596799
checked. I only need a 3x to make it and I'm considering just going all-in BNT, seems like the most sure thing on the market right now

[Anonymous No.29598944]

>>29598227
yeah but the problem is it looks like you have to buy the BNT token so you can only provide liquidity if you buy BNT?

[Anonymous No.29598955]

>>29598711
yes

[Anonymous No.29598995]

>>29598881
it is. make it fren

[Anonymous No.29599034]

>>29598368
It's not primarily a lending platform though it could function as one if vortex versions of the major tokens get implemented (hint: they will)

>>29598665
10k is probably a make it stack but we don't know yet. Could be a lot less between staking rewards (increase your stack) and if Bancor really does become the dominant DEX

[Anonymous No.29599053]

>>29597575
Look into Venus Protocol.

[Anonymous No.29599064]

>>29598881

That's what I did last week and made out great. I didn't sell during the small dip and have them staking rewards.

[Anonymous No.29599098]

>>29598944
no, you can do single sided liquidity

[Anonymous No.29599187]

when is it going to 10 dollers

[Anonymous No.29599253]

>>29598944
You can only lend with BNT right now but you can stake for rewards with the major pools.

LINK, ETH, and wBTC pools are pretty sure to be renewed, dunno about others.

If you stake with LINK, you get swap fees in LINK but rewards are always in BNT. Could just swap the BNT for link tho

[Anonymous No.29599444]

>>29598711
yes

[Anonymous No.29599654]

>>29599098
from what Im seeing the space available for all stables is very little
I can't stake my Link here because Id rather have it on aave to be able to take stablecoin loans

[Anonymous No.29599845]

>>29599444
where are they getting the money to hand out these rewards?
for example if they are paying 23.3% link rewards/ 80% bancor i understand the bancor but do they just sell bancor to buy link on the open market?

[Anonymous No.29599988]

>>29599654
yeah probably best to stay in aave then

[Anonymous No.29600293]

Bancor is a joke unless they find a path to remove the caps on single side liquidity.

[Anonymous No.29600588]

>>29600293
listen to yourself retard holy shit this is one of the dumbest takes I have ever seen on here

[Anonymous No.29600591]

>>29599034
Ok thank you. I could get to 10k if I liquidate some other positions but I’m unsure about whether BNT really will become the center of defi/dex normie hype for this run. Will have to do some further research

[Anonymous No.29600908]

>>29600293

[Anonymous No.29601941]

>>29599845
any of you from the bancor team wanna answer?
i know its u fags shilling
the single sided liquidity providing is actually kinda cool im just trying to figure out how risky it is to borrow eth from aave then provide it as liquidity

[Anonymous No.29602669]

>>29601941
im a turbo brainlet with my bnt on coinbase and but im pretty rewards come from the fees generated swapping coins

[Anonymous No.29603356]

A question hopefully someone can help me with

The current LINK/BNT pool has an APR of 4.49%, is that an annualized return or is that a daily return? I'm trying to work out if it's worth me investing in the pool or not. Thanks

[Anonymous No.29603748]

>>29603356
Dude...

APR is an acronym, you dolt.

The term “annual percentage rate (APR)” refers to the annual rate of interest charged to borrowers and paid to investors. APR is expressed as a percentage that represents the actual yearly cost of funds over the term of a loan or income earned on an investment. This includes any fees or additional costs associated with the transaction, but it does not take compounding into account. The APR provides consumers with a bottom-line number they can easily compare with rates from other lenders.

It's ANNUAL.

[Anonymous No.29604313]

>>29599845

The liquidity mining reward apy is in BNT. The pool fee apy is in the token you provide liquidity in

[Anonymous No.29604448]

>>29603748
Yeah I wasn't clear on what I was asking, I fucked up the words a bit. But I've done my own research, i understand now.

thanks anyway anon!

[Anonymous No.29605064]

Anyone concerned the LINK pool will crash once link staking finally comes out?

[Anonymous No.29605294]

>>29599845
they print bnt to match the value of other tokens staked, rewards distribute that printed bnt from the protocol to the users over a year

[Anonymous No.29605620]

>>29598944
No you can add any token that is on the platform single sided

Another reason bancor is incredibly based

[Anonymous No.29606131]

>>29598881
BNT is the best coin for short term gains right now, I've pulled all my LINK and ETH to go all in just so I can get a make it stake stack ready for Arbitrum

[Anonymous No.29606368]

Bancor the digital IMF yea no thanks

https://en.wikipedia.org/wiki/Bancor

[Anonymous No.29606455]

>>29605064
Guys.. what happens if staking comes out and literally everyone leaves the LINK pool and then immediatelly sells their BNT for LINK? wouldn't Bancor crash guys??

[Anonymous No.29606497]

>>29601941
>any of you from the bancor team wanna answer?
it's 12:17am for the 'bancor team' you fucking nigger. why don't you ask more questions without reading anything on your own

[Anonymous No.29606558]

ok um can this pump again its been a whole 7 days i want more money

[Anonymous No.29606599]

>>29605064
zero concern. you expect staking to be worth anything comparable to 20-30%?

[Anonymous No.29606616]

>>29606497
Galia posts here retard. I'd lick her feet btw

[Anonymous No.29606811]

>>29605064
you can you stop saying this shit

[Anonymous No.29607038]

>>29600293
The whole point is to have a sustainable protocol, not moon boy fuckery like what you're suggesting

Btw check the liquidity on the LINK pool..

[Anonymous No.29607244]

>>29605620
except that it all says max capacity

[Anonymous No.29607293]

[Anonymous No.29607452]

dammmn wow thats impressive!!! why isn't the token worth more yet

[Anonymous No.29607766]

>>29607293
lol goddamn

[Anonymous No.29607934]

>>29607293
I took a loan on my btc for BNT
Fug I really want to pay that of and stick it in the LP too

[Anonymous No.29608005]

Bancor is keeping me sane in these shitty link days.

[Anonymous No.29608036]

>>29596799
btw bancor holders get 50% of the fees posted in the OP
uni 0 (all to lp's)
sushiswap 0.05%

its a very different picture, right? :)

[Anonymous No.29608345]

What pool should I stake in right now. And why does it cost 1 million dollars? USDT and USDC are way higher, but that has to be temporary right?

[Anonymous No.29609329]

>>29608345
Your post reeks of curry and poverty.

[Anonymous No.29609574]

>>29609329
Nope -ignorance and confusion. I have 3k BNT. I thought ETH would be a better pool and I just checked and it was only 140 gas. Not 600 like earlier.

[Anonymous No.29609974]

>>29608036
I still dont understand why people buy uniswap tokens. Does someone seriously put millions of dollars to vote for the next shitcoin to be listed?

[Anonymous No.29610988]

>>29609974
you still don't understand that the only way to win is to become the jew
don't cry when cz reveals its 100mln stack of UNI and de facto centralizes it

[Anonymous No.29611015]

>>29608345
big ones that will always get rewarded
link, eth perhaps
stables get more fees
whatever you do, stake those bnt (or trade for vbnt and wait for the peg to be closer to 1)

[Anonymous No.29611142]

>>29596799
when should i stake my rewards guys?

[Anonymous No.29611187]

I have 30 AAVE and 2.100 BNT, wat do? Also have 130 SNX. Stake BNT/AAVE or AAVE/BNT?

[Anonymous No.29611224]

>>29611142
Once they release a function for gas prices to be way less. It costs nearly $200 right not to stake rewards, so you will need to have made quite a bit in rewards to make it worthwhile

[Anonymous No.29611388]

>>29611224
okay thanks

[Anonymous No.29611444]

>>29610988
> t. retard

[Anonymous No.29611456]

Best place for return rate with 1inch tokens ? Binance currently has 3.29% per 7-days, if i understand correctly ? Any better options out there regarding return rates ?

[Anonymous No.29611688]

For the dudes concerned about gas prices: Bancor has an active Arbitrum (L2) test net since early January and its showing ~50x reduction in gas. Arbitrum is in final phases of roll out, literally on final audits now.

Cost to stake and restake should be significantly cheaper in just a few weeks

[Anonymous No.29611976]

>>29611444
checked and no u
one day you'll understand that the real scammers are the cex

[Anonymous No.29612716]

Ghey website as LTO should be on the list. Top 10 trans coin. Coming for #3

[Anonymous No.29613530]

is 1400 BNT enough to make staking rewarding

[Anonymous No.29613625]

>>29611688
can't wait to stake my stacklet

[Anonymous No.29613864]

>>29611688
Will this impact yields? I'm waiting for Arbitrum but I'm worried that the rewards will drop after its implementation

[Anonymous No.29614534]

>>29613864
LM rewards will go down as pools deepen by thousands of stacklets.
Fees go up as all traffic is routed through Bancor.
Bancies keep winning, simple as,

[Anonymous No.29615251]

guys I got 600 vBNT for free, was it for staking 600 BNT? what should i do? sell, for more BNT or hodl? thx BNT masterbrain goyims :^)

[Anonymous No.29615962]

>>29599654
>I can't stake my Link here because Id rather have it on aave to be able to take stablecoin loans

Can you spoonfeed me on this, anon? I currently have a bunch of my link in Bancor and it is great but I'm interested in putting some of my stack in Aave as well. Maybe a dumb question but is there a "set it and forget it" low risk option on Aave? With Bancor I just keep it in the pool (although it took me a while to find space)

[Anonymous No.29616870]

>>29597683
so I could theoretically:
>Sell my entire portfolio for BNT
>Stake BNT and receive vBNT
>Buy back my entire portfolio
and the only catch is I can't unlock the staked BNT without my entire portfolio's worth (at the time) of vBNT? that sounds legitimately amazing

[Anonymous No.29616901]

>>29615251
Yes that’s from staking. You need it to unstake your position. Don’t sell

[Anonymous No.29617610]

>>29616870
You need the current value of staked BNT in vbnt.

[Anonymous No.29618206]

>>29616870
>https://www.youtube.com/watch?v=SbUqcbNqQ-Y

[Anonymous No.29618940]

>>29605064
There is a response to this type of scenario in the Economic Analysis (page 22, just search for spiral in the doc) linked in the Bancor FAQ. It has more to do with major price changes vs IL protection but it's helpful.

Note: This is not financial advice.

In short, the safeguards are:
1. It is not guaranteed that LINK staking terms are better than Bancor and it's not guaranteed that even if they were that ALL liquidity providers would exit their pools.
2. If they did, it's not guaranteed that they would all do it instantly and simultaneously on launch date, allowing mitigation.
3. It's not guaranteed that people would liquidate their BNT holdings, especially since it's single sided pooling so LINK whales may not even own BNT. And if they do, they may still consider it a worthwhile investment.
4. Bancor LINK providers get a % of fees divided among them, meaning that it will always be profitable for some amount of people to stake
5. The pool system is a natural stabilizer. Bot arbitrageurs will do a great job at scooping up price swings as LINKers exit.
6. Bancor has a highly active DAO. Presumably if native LINK staking is announced and the terms are better than Bancor can offer (not guaranteed) then the DAO can propose something between the announcement and launch of LINK staking to mitigate (I'm not smart enough to tell you what that would be but probably improved rewards).
7. LINK staking should shoot the price of LINK way up meaning that you'll need less LINK overall to balance the pools.
8. LinkPool will get staking well before Link does and we'll see it coming
9. Semi serious but LINK staking is still years away.