/biz/ - Business & Finance

>>29310448
20k to make it by July
10k to make it EOY
5k to make it 2022
2k suicide stack / make it by ~2025

>>29041188
My guess is that it's because the token stake rewards are partially paid out in BNT.
On the BNT side it looks like a dilution in liquidity mining rewards because the pool got a lot bigger.
The token side also took that dilution, but it's showing as a gain because BNT mooned so hard compared to the token it is giving APY to.
Basically the harder BNT moons, the bigger the APY will look like for tokens who get paid out in BNT.
>>29041755
Absolutely. There's very few projects in crypto that actually have a unique usecase beyond vapor. Bitcoin is one, obviously. Ethereum, while not delivering network upgrades, has a status quo as the standard. XMR is the privacy standard. LINK is the oracle standard and god protocol. Bancor is the AMM/Lending standard. I think AAVE will also keep a spot since they offer more flexible leverages and flash loans etc. But what right does Bitcoin cash have to exist? Why is Dogecoin in the top 20? What does Uniswap do outside of being scam-central that makes it worth 6B+?
We'll be here long after they are gone or scam wick down. Bancies are forever.

https://etherscan.io/txs?a=0x79deC28947e028338951fC85508170Cee9459635&p=1

This whale has been leveraging into vBNT all day long at some crazy rates. Lucky bastard sniped the 0.9 peg on launch but he's been slamming her like a real braphog ever since jesus fuck.

>>28896536
If the ratio gets to 1 or above I will leverage to the tits before the arbs can get to it.
Seeing as the odds of my running into that before some whale or bots does, probably just stake the vBNT for sweet swap fees.
If you are bullish on bancor at a multi-year basis, it's probably worth it to leverage vBNT swaps all the way down to like 0.5 ratio since you'll earn enough rewards to unlock your leveraged stack again by stitting on your hands for a year. Won't be able to move a muscle until then unless you market-buy extra vBNT though so it's not for the small fish or the frequent profit-takers.