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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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File: 26 KB, 768x432, bancor.png [View same] [iqdb] [saucenao] [google]
56646070 No.56646070 [Reply] [Original]

How stupid do you feel for taking the haircut? The LINK deficit shrunk to 5% today. I remember when anons here were using scare tactics to get people to withdraw at a 40-50% loss.

The jews win again

>> No.56646082

Great, now they can pay out all the people who took a haircut and make them whole.

>> No.56646085

>>56646082
lol not going to happen

>> No.56646090

they've played a clever game
people have exited through caution (remember it could have gone to zero and lost everything), time or need of capital
every withdrawal helped them
now a few scam pumps in the bull and they can claim that those who stayed "loyal" were made whole even though many were fucked over in the millions and there were suicides
this was all due to their poor protocol design and risk management
but don't worry, they will always claim to be the victims in all this

>> No.56646093

>>56646082
not the teams fault people were too stupid to withdraw

>> No.56646099

>>56646090
LINK bagholders started the panic campaign that caused this mess in the first place, its not the teams fault but rather your own

>> No.56646111

>>56646099
Jew! I see you!

>> No.56646116

>>56646090
suicides?

>> No.56646123
File: 71 KB, 532x463, HISNAMEISMARK.jpg [View same] [iqdb] [saucenao] [google]
56646123

>>56646090
The project lead is posting porn memes in the Bancor telegram right now celebrating, get fucked loser :)

>> No.56646128

>>56646070
Didn't the shit they pulled prove that their claims of being safe bullshit?
Who the fuck would trust them now?

>> No.56646129

>>56646099
>but don't worry, they will always claim to be the victims in all this
>>56646116
yes was on twitter, young guy, very sad

>> No.56646139

>>56646123
absolutely pathetic
all it took was one large party to withdraw and the project collapsed

one day both of you will be judged for your actions

>> No.56646145

>>56646082
Lmao hell no.
If everyone had pulled their liquidity with haircut the project essentially goes to zero
You chose the certainty of getting back 55-45% of your stack. While I stayed and risked it all going to zero
Once I get my full stack back for staying every red cent that is generated from protocol revenues should go to buying and burning BNT
Suck it

>> No.56646148

>>56646145
this
winners win, losers lose its that simple

>> No.56646154

>>56646139
if you believe in judging man in the sky it makes sense why you would lose so much money

>> No.56646232

>>56646148
Exactly risk reward
I risked more therefore I’ve been rewarded more
This should be common sense if you are in crypto but but nope

>> No.56646270

Fucking jews claiming to be victims while stabbing and robbing people

>> No.56646412

>>56646270
>56646270
nobody forced you to lock up your tokens

>> No.56646488

My fellow Jews its Bancor Bro 42 here from the Schizo Corporation reminding you to Stay Loyal© and Ape™ into Bancor and Linkpool for that Sweet APY

Pools closed.

>The following paid post has been brought to you by The Schizo Corporation® and Bancor
>Take Your Meds© is a registered trademark of the Schizo Corporation 2023 All Rights Reversed.

>> No.56647117

I lost so much link with these fucks

>> No.56647292

holy fucking shit this still exists?

i remember these kike whores from 2017

>> No.56647344

>>56646070
Yes because the pools rebalanced after link pumping.
They did not win tho, people wont trust them again.

>> No.56647359

Also you behave like a jew

>> No.56647375

>>56646232
common sense is not depositing into bancor at all

>> No.56647453

>>56646082
Literally why would they

>> No.56647483

>>56647453
exactly, they want to continue to make money off this and not actually rebuild their reputation or be seen as legitimate again
the aim is fleece retail in another bull
remember that most bnt holders are euphoric now as they can withdraw and get their money back, they're not at all bullish about the project itself, jus that they're escaping after a year and a half of stress
why would anyone ever trust them again?
however, if they can claim that they had an issue but "made those who stayed loyal whole" then they can suck more retail in next year

>> No.56647641

>>56647483
they are closing their amm pools and are switching to tools that do not require you to lock up money. their idea is that you will be using their protocol without knowing (via 3rd parties etc)

>> No.56647892

I lost 13k link in this. Don't care too much desu, it's just annoying to see it pump. All actions have consequences in the end.

>> No.56647894

>>56647641
sounds smart, keep it going by any means

>> No.56648269

>>56646099
>its not the teams fault
bancor team claimed they solved impermanent loss when in reality they just had a shitty compensation mechanism that would death spiral when the IL got too great

>> No.56648431
File: 91 KB, 648x405, 74.png [View same] [iqdb] [saucenao] [google]
56648431

>>56648269
mark richardson even tries to absolve himself of blame (and guilt) by blaming design decisions of the team before he arrived
the easiest person to lie to is yourself i guess
for anyone wanting to see how fucked up this team was just read through the complaint here:
https://rosenlegal.com/case/bancor-v3/

>> No.56648489
File: 67 KB, 720x950, lnreijqjavy81.jpg [View same] [iqdb] [saucenao] [google]
56648489

>>56646070
>have half a milly DAI on Bancor.
>sucks at first, but then BNT pumps from 40 to 70 and the deficit only drops from 15% to 7%.
>hmm
>if I had simply taken the haircut, then bought BNT, I'd be +250k right now, better do it next time
>take the cut at 15% deficit, buy BNT at $0.40
>sell 80% at $0.70 for a nice +50% profit
>made an extra $150k yesterday
Sucks for the LINK and ETH depositors, but worked out amazingly well for me. Carbon is a great product, and whatever you think about the people running BNT, their devs are top notch.

>> No.56648542

P.S. All of you whining faggots are correct.
Just how deadbeat socialist bros sound very smart.
How does that help you? Bancor scumbags robbed the foundation's money and they released a shit product, they advertised it as if it's not shit and left those who they scammed take the massive losses. All of that is true.
Repeating it, instead of watching closely and taking advantage of the positives in the situation just keeps you poor. Start thinking about making money, instead of complaining.
What happened yesterday could have happened 4-5 months ago if people had followed my lead by exiting their stablecoin positions with a small loss and putting all the money into BNT.

>> No.56648693

I wonder why ChainlinkGod shilled and promoted such a blatant scam. Even more surprising is how he snuck his own money out at the last minute before Bancor collapsed, almost as if he got tipped off. Weird.

>> No.56649861

Bancor shills/Devs in this thread are insanely evil. There will be no settlement, you will be pursued criminally following the civil suit. Each count of wire fraud is 25 years.

>> No.56650325

>>56649861
The 4 main defendants outlined in this lawsuit >>56648431 all live in Tel Aviv. There will be no justice for us goyim.

>> No.56650366
File: 312 KB, 804x1135, 1699813204812495.jpg [View same] [iqdb] [saucenao] [google]
56650366

>>56646070
>Kikecoin

>> No.56652124
File: 16 KB, 277x287, 1621696382309.jpg [View same] [iqdb] [saucenao] [google]
56652124

>>56649861
>jews will get convicted

>> No.56652154

>>56650325
Remember vengeance belongs to me says the Lord. God’s justice is eternal.

>> No.56652202

>>56652154
Well, that's not what the anon said, he actually believes there will be wire fraud convictions, lmao

>> No.56652222

>>56650366
somebody is inviting deepfake asshole shots. what a timeline.

>> No.56652270

it's fucking over forever I missed my chance at a 6% haircut

>> No.56652414

Kek linkbaggies and Lpl cucks got BTFO

>> No.56652455

A sick and twisted glimmer of hope

>> No.56652481

I hope a lesson was learned here for non-jews interacting with jews, particularly in finance. read the OPs posts and remember FTX and Bancor and judge for yourself, linkies

>> No.56652611

>>56646145
>Once I get my full stack back
how much of it have you received back so far?

>> No.56652642

>>56646070
How much have you received back?

>> No.56652650

I staked a bunch of SATA on bancor and dont even know where to get it off .

>> No.56652834

>>56646070
>How stupid do you feel for taking the haircut? The LINK deficit shrunk to 5% today
this logic is flawed, the deficit shrunk to 5% precisely because others withdrew
if somehow everyone held it would have been 50% indefinitely

>also bragging for losing 5% of your money

>> No.56652845

>>56648489
>and whatever you think about the people running BNT, their devs are top notch.
people committed suicide due to their poor design decisions

>> No.56652858

>>56646082
no refunds XD

>> No.56652864

The deficit was 5% for approximately 2 minutes
We lost

>> No.56652898

>>56652864
hahaha LINK is gonna be closed very soon

>> No.56652919

>>56652845
people committed suicide because some people in the LINK community created FUD campaign telling people they lost their shit forever.
As we see, that was not the case. The LINK fudders have blood on their hands, NOT Bancor.

>> No.56652924

>>56652898
pool closing would be good because that means no deficit instead of 30-50%

>> No.56652978

>>56652919
reminder that bancor team began the lie by claming it was the celsius "hostile" withdrawal that forced them into this (wanting to withdraw your own money somehow being morally reprehensible in their yiddish brains)

it worked for a while until celsius finally took the L and agreed to lose 50% of their money, but bancor still had problems so they found a new culprit to blame: regular LINK holders
it was the funniest shit ever and you would see these little yids trying to curse LINK everywhere on social media

>> No.56652986

>>56652919
ohhhhh right right it was the link community that did it! it wasn't the whole thing collapsing when large actors withdrew their BNT and the whole protocol collapsed

you know the thing they fucking stated in their blog on the collapse:

>The need to pause IL protection is a result of the recent sell-off of rewards emissions that were accumulated over the last 18 months. BNT rewards effectively have a double-cost:

>They depreciate the BNT value, increasing impermanent loss on the network.

>This IL is compensated with additional BNT emissions, causing sales that result further value depreciation.

>These costs have been amplified by the recent insolvency of large centralized entities who were key beneficiaries of BNT liquidity mining rewards as long-time LPs in Bancor. To cover their liabilities, these entities have rapidly liquidated their BNT positions while withdrawing large sums of liquidity from the system, exposing this unforeseen economic vulnerability in the protocol.

i hope you can sleep at night. you're a disgusting, evil person

>> No.56653040

>>56652919
The Jew cries out in pain as it strikes you

>> No.56653068

>>56650325
>bancor shills don't understand jurisdiction

Bibi can't protect you this time.

>> No.56653812

>>56646099
this, the team was victimized by evil chainlink nazis

>> No.56653850

>>56653812
>>56653040
>>56652986
>>56652978
LINK MARINES ran an evil anti bancor campaign lying about the protocol telling everyone to pull out and then posted dozens of threads on biz laughing about it.

The blood is on your hands. Go look at the archive

>> No.56653882

>>56646070
That's crazy. I took a 33% haircut some months back no regrets there but I just couldn't stomach it. Any idea what the ETH deficit is at ?

>> No.56653916
File: 169 KB, 1024x537, bancor.jpg [View same] [iqdb] [saucenao] [google]
56653916

peak /biz/, never forget

>> No.56654344

>>56653882
My 4 ETH is still only about 1.9 ETH. So it's still pretty dire there. Oh well

>> No.56654762

>>56654344
>>56653882
yes it's still fucked, but we get the occasional bancor shill making threads like these in hopes of getting people back there for exit liquidity

>> No.56654802

>>56654762
lol Bancor team has closed multple pairs already. Its just a matter of time until that anon gets ALL of his ETH.

Sorry you were stupid and took the haircut. We told you not to.

>> No.56654808

>>56654802
Fuck off Mark you stupid cocksucker. You will burn in hell for eternity.

>> No.56654867

lpl shills and bnc shills deserve to rot in hell

>> No.56654893

>>56654802
i mean at one point it was 1.14 ETH so it's progress.I'm just gonna keep holding it. I'd take the haircut today if I got 3eth. I'll see how it goes. I was pretty happy to get ~762link out of 1014 or something.

>> No.56654902

>>56654808
why are you so mad christcuck? we told you to hold

>> No.56654960

>>56654802
This. 10 pools were just closed. If you stayed you have been made whole
Also this means there is less and less pools to focus on.
Wagmi

>> No.56654971

>>56654960
how does closing the pool do anything? They still owe people in those pools their tokens don't they?

>> No.56654994

>>56654971
Pools close once it’s in a surplus.
Meaning there’s enough of your token to withdraw with zero haircut

>> No.56655039

>>56646070
why do you subhumanoid retards assume link holders arent in other tokens also. I hold link and a bunch of other stuff for a bigger basket of goodies. this whole threads concept is based on linkies only holding link and thats not true. dumb sub90 retard

>> No.56655129

>>56655039
to be fair, back in 2021 bancor was mostly shilled on biz as a way to get 10%+ on link. I hardly ever saw people talk about staking bnt or other tokens. There weren't really any other places to get a decent yield on link, iirc gemini was only 4.5% and celsius was around 5%. It's why the link pool was always full after about early 2021. In the end it was probably a good thing that a lot of people couldn't get in.

>> No.56655161

>>56655129
It was also shilled by ChainlinkGod as a premium and trusted Chainlink partner. CLG is also jewish, he was in on the scam the whole time.

>> No.56655509

>>56652986
>exposing this unforeseen economic vulnerability in the protocol
Absolutely disgraceful.

>> No.56655694

How do they determine how a pool gets closed. I know they close the pool when its in surplus, but how does the surplus even make its way into the pool? Do they take for example a stack of $1m and distribute it evenly between every pool or are some weighed more than others?

>> No.56655726
File: 21 KB, 372x434, pool.jpg [View same] [iqdb] [saucenao] [google]
56655726

>>56655694

>> No.56656370

>>56655161
FUD! Chainlinkgod is ackually a fully fledged member of the Hamas Terrorist Group SEETHIE NO POOLOID!!!

>> No.56656923

>>56655161
It was shilled by Sergey the fat fuck himself
>Sergey Nazarov
>S.N.
>Semitic Nose
It all makes sense now

>> No.56658094

>>56655694
Bancor pools are equivalent to Uniswap v2 pools.
It's always BNT-token.
If BNT is down, impermanent loss /price balancing means there's more of the token that's owed to depositors.
If BNT moons, suddenly less BNT is required to keep the equilibrium.

If you're asking how more of the token is getting into the pool - it's because of people trading it on Bancor v3 and doing swaps.
If you're curious who is doing the swapping on a website that nobody uses at first glance - it's mostly arbitrage bots and stuff like 1inch that finds the best price (aka doesn't let bancor pools get abandoned - price follows that of high-volume exchanges).
Hope I made it understandable, anon. I ironically made a lot of money from this fiasco, even considering I'm still waiting for the LINK deficit to be fixed.

IMO if they manage to close another few pools, the entirety of the deficit will be a few mil dollars, which they can easily repay themselves. Before you remind me that they are jews, keep in mind this would be massively bullish for their token and if played right they can profit off it mooning, so I'm confident we'll get our linkies and even the ETH back.

>> No.56658613

>>56658094
well they could have had the foundation repay it a long time ago but they went out of their way to establish that the foundation isn't the same as the protocol even though the foundation should in theory be flush with cash. There was a court case brewing, but I doubt it went anywhere

>> No.56658884

>>56658613
If someone really wanted to, you could go find the ico wallets and see...
Bancor was the #2 all time ico, they took in 153m when eth price was $300 bucks.
There is of course no telling what they did with that or how much of that treasury remains. If even half of it is still intact that means they have something like 200k ether, so 400m.

>> No.56660007

bancWHORE is a scam. that's it.

why take the risk on some shit like this? nobody is buying in, you guys are all just bagholders talking up your shitcoin