[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 90 KB, 848x1280, Eu-YSjvWQAAEFhw.jpg [View same] [iqdb] [saucenao] [google]
29852119 No.29852119 [Reply] [Original]

>current happenings

the votes for lm rewards for GRT and UNI are not currently passing. what are your opinions on lm rewards for new coins? on one hand there is good press, liquidity - on the other hand there is BNT inflation.

the vBNT/BNT peg is still very low at ~0.65. yesterday mbr posted this on the gov forum in response to a request to increase the size of the pool:
>We will increase it when the fee burner is ready
which to me sounds like it's still a couple of weeks out at least.

read
>https://docs.bancor.network/
>https://bancor.medium.com/
>https://app.bancor.network/

>> No.29852628
File: 329 KB, 1920x1080, 55880394-955A-4578-BAF3-31B56288F86D.jpg [View same] [iqdb] [saucenao] [google]
29852628

>> No.29852677

don't care about uni and grt, but if rook passes I'm out

>> No.29852939

>>29852677
Why what's wrong with rook

>> No.29853011

why are they voting down grt rewards?

>> No.29853023

>>29852119
Staked supply near 60% again, thats quite nice

>> No.29853101

>>29852939
I like ROOK but why do we need to have ROOK liquidity on Bancor? All we need is blue chips and stablecoins, yet EURS didn't even get whitelisted while sEUR isn't on Bancor at all. Be honest with me, would you really prefer to hold USD stablecoins over EUR stablecoins over the next few years?

>> No.29853210

>>29852119
I don't really see the need to attract GRT liquidity at this point. Maybe when theres more of a demand for GRT.

Uni I'm conflicted. Should probably ignore UNI out right since its a competitor but on the other hand you can attract UNI users over to Bancor and steal their customers.

>> No.29853300

>>29853101
Why didnt euro stablecoin pass, it seems to me a good pick considering they might be popular in the future?

>> No.29853317

>>29853011
Two whales said no. Never mentioned why.

>> No.29853403
File: 611 KB, 1440x3120, Screenshot_20210227-151227.jpg [View same] [iqdb] [saucenao] [google]
29853403

>>29853210
Are you dumb?

Do you realize how much volume GRT gets?

>> No.29853459

>>29852677
They just keep trying new votes on their farm shitcoins. There needs to be a penalty for introducing failed votes.

>> No.29853710

>>29853403
Why wouldn't I just buy it on CB pro?

>> No.29853721

>>29853300
Well, there's hardly any liquidity in it yet, but it has a lot of potential. I don't like the Euro much more than the Dollar, but it's no contest which one most people would pick if they had comparable liquidity

>> No.29853742

>>29853403
>Do you realize how much volume GRT gets?
Its also a retarded shitcoin with massive price swings that fuck up the insurance.
But does have huge volume....
I dont know anon...

>> No.29853908

>>29853742
Yeah and in my opinion GRT is overpriced, it being on the protocol is enough

>> No.29853909

>>29852119

Which usecase has vBNT, should I dump it?

>> No.29853990

>>29853317
Two people said no that's the power of decentralization

>> No.29854010

in other news, voter engagement is very low due to the associated gas costs. iirc the team are aware of this/looking into solutions.
>>29853909
you need it to unlock your stake + fees stake when you want to withdraw.

>> No.29854149

>>29854010
>iirc the team are aware of this/looking into solutions.
What the fuck does this even mean? Use snapshot like everyone else...

>> No.29854735

>>29854010
Uh ok,thought you can just withdraw. Thx for spoon feed

>> No.29855552

>>29854010
different guy. was just looking at dumping my vBNT? what do you mean i have to keep so i can unstake?

>> No.29855684

>>29855552
When you stake BNT, you get vBNT from it. When you want your BNT back, you spend the vBNT you got from staking it.

>> No.29855765

>>29855684
Shhould you get vBNT when staking coins other then BNT?

>> No.29855813

>>29855765
No, only BNT.

>> No.29855851

keeek
what are you waiting for?
still don’t know about fucking great Jul??
>>how dare are you? how can you use staking on Erc?
Follow top yield staking on BSC

>> No.29855854

>>29853990
well... in any other situation it'd be up to 1 person so this is 100% better than that right? lol

>> No.29855993

GRT is shit, it has no place on bancor. and of course the same with ROOK. uni might be ok

>> No.29856098

>>29855851
Ummm... I think you are in the wrong thread chang
The egg and slave farming general is on page 4

>> No.29856128

>>29855993
Uni would be funny as a fuckyou to Uniswap, but the token is pretty worthless.

>> No.29856310

>>29856128
if uniswap is worthless then isnt bancor worthless

>> No.29856400
File: 251 KB, 1146x1089, 1614036406894.png [View same] [iqdb] [saucenao] [google]
29856400

>have $1mm
>exchange all for vbnt
>vote for your stupid proposal and make it pass
>exchange back

this governance system is bullshit

>> No.29856418

>>29856310
One is a governance token created well after the launch of the product, the other is an integral part of the DEX and the counterparty for every single swap, so not really.

>> No.29856485

>>29853459
and this is why bancor will have zero staying power.

>> No.29856486

>>29852119
I'm currently staying on Celsius, shill me why I should switch to Bancor

If I'm responsible for gas fees how much active management is involved?

>> No.29856505

>>29856310
The UNI token, not Uniswap itself

BNT underpins all the liquidity on the protocol, has liquidity mining rewards, allows you to access vBNT by staking it as collateral. Also the governance on bancor has problems but is nowhere close to the shitshow that is Uniswap governance.

BNT has imminent use case, UNI...UNI is a fairly high value shitcoin

>> No.29856608

>>29856310
This question cant be real.
>Ether is a computer, not currency
>Bancor is currency

>> No.29856612

>>29856310
no newfriend, because the BNT token is an essential part of the protocol.
>>29856400
there is discussion of encouraging voters going on to mitigate this
>>29856486
i don't think many people have a problem with any of the decisions made so far which is a good sign. we'll see what happens.

>> No.29856656

>>29852119
Bought 7k of this when it was at $1. I don't know what defi or staking is. Do I just hold?

>> No.29856718

>tfw i'm undelegating 400k GRT and the LM reward vote is going to fail
Honestly pretty stunned. One of the only tokens in history to be listed on the big 4 exchanges on day one, more than 3B volume at launch, still in the top ten for volume, and the Bancor community is saying they don't want a piece of the pie.

>> No.29856731

>>29856505
>underpins all the liquidity on the protocol
genuine question, what underpins unis market then? Is bancor a useless middle man token?

>> No.29856783

>>29856656
if you're still bullish on it (which u should be) stake in on the network, its not complicated and you're guaranted 100% IL protection after 100 days

>> No.29856801

>>29856400
vBNT/BNT liquidity is really bad and the fees are high. You'd lose a lot of money doing that.

>> No.29856885

>>29856400
More people would vote if gas fees were lower

>> No.29856992

>>29856783
I know nothing about it lol. That is IL protection?

>> No.29857039

>>29856801
seems like you're right, thank god
>>29856885
i doubt they would influence the vote much, but who knows

>> No.29857054

>>29856992
*what is IL protection?

>> No.29857161

>>29856718
That's because GRT is fucking stupid and will crash hard as fuck and no one wants the system to take the IL hit. You can disagree but you'll see, it'll get the biggest losses.

>> No.29857178

>>29856718
It's because whales don't want to share the cake. Some LINK whale wants personal gains instead of long term good of Bancor. Once his slippage is covered by insuranxe and BNT hits decent marketprice it's sayanora.

Personally Bancor seems amazing DEX but badger types will suck it dry before it can flower.

>> No.29857183

>>29857054
it means after 100 days youre at the top of the ponzi

>> No.29857198

>>29856731
Eth and various stablecoins are the primary liquidity pairs on uni

>> No.29857217

>>29856718
i wouldn't worry yet, there aren't many votes in and there's a lot of time left. it's still much more likely to pass than not imo.

>> No.29857320

>>29857183
Do you even know what impermanent loss is?

>> No.29857386
File: 71 KB, 680x510, 1614168481795.jpg [View same] [iqdb] [saucenao] [google]
29857386

>>29857183

>> No.29857586
File: 173 KB, 866x764, 41EB0E53-CB4A-4B20-907E-DFD7BAEEA03C.jpg [View same] [iqdb] [saucenao] [google]
29857586

Comfy hold

>> No.29857766

can someone explain Bancor on EOS and why they don't do it on a faster cheaper chain like Algorand? Are gas fees part of why Bancor has any value at all at some level?

>> No.29858840

>>29857766
They did the EOS bridge way back in the day when EOS was still relevant

They're working on a bridge to Polkadot with liquidapps, should be done before DOT gets going

>> No.29859981

I need 700 more BNTs to reach 10K, I am getting comfy

>> No.29860318

Im hoping I can double my bnt stack to 2k by eoy
1kBNT staked 600 link staked
will probably stake my GRT when its cheaper to stake and possibly the rest of my link stack

>> No.29860983

>>29855684
I staked my bnt last night, where do I see my vbnt? It's not in my wallet..

>> No.29861090

>>29852119
Stay away from this absolutely useless piss of shit.

>> No.29861220
File: 7 KB, 324x208, .png [View same] [iqdb] [saucenao] [google]
29861220

>>29860983
They should be there. Go to the Vote tab and check this.

>> No.29861233

>>29860983
find vBNT on bancor swap page
you can also see it on the voting page
lastly you can just add the contract to metamask and you'll see it

>> No.29861400

>>29861220
>>29861233
I see it, thank you friendly anons

>> No.29861421

>>29856656
For your own good, sell it. The pump you saw was a deflationary pump. They work untill they burst. First whale selloff and you're dead - coin wont recover for years.
A lot of other coins have staking, yield farmind etc. and will give you rewards for holding. But unilike BNT, they also have additional functionalities. BNT does not.
Due to the stupid one sided staking it may even happen, that they wont be able to afford the buyback if a whale leaves, regardless of what the smart contract asks them to do.

I mean, FFS, look at the picture in the OP. Calling this a decentralized anything is just plain false. This is enough red flag.

>> No.29861527

>>29861421
the fuck are you even talking about, retard

>> No.29861828
File: 77 KB, 640x640, bntgala.jpg [View same] [iqdb] [saucenao] [google]
29861828

>>29861421
did you just have a stroke, son?

>> No.29862049

>>29861421
holy shit your a retard

>> No.29862340

>>29861090
Is you talking about yourself

>> No.29862508

>>29860318
noone asked

>> No.29862725

should I go all in on bancor or rune

down quite a bit right now due to poor luck (company I invested in was hakced) and want to make it all back

>> No.29862962

>>29862725
>chasing losses
NGMI

>> No.29863550

>>29862962
If I were thoughtlessly chasing losses I wouldn't be asking about Bancor, I would have invested everything already

>> No.29864011

what do i do with vBNT? Can I just swap it for more BNT?

>> No.29864229

>>29864011
Yes but you need vBNT to unstake your existing BNT

>> No.29864959

Oi Bancies gas seems cheap right now. Stake stake stake