/biz/ - Business & Finance

>>20948027
I would not move out of BNT. If things continue playing out like this $20 or more per BNT will happen. This is an easy $10 by December. So stack BNT and LINK, but dont sell one for the other. Interestingly these two coins tend to moon together.

>>20576601

If you're risk averse then wait it out before locking up LINK in the pool. There's an opportunity cost with this though.

Regarding BNT itself, its the top performing DeFi token in Q2 yet still the most undervalued by price to earnings (PE) ratio, which is the key metric VCs use to evaluate investments. https://twitter.com/RyanSAdams/status/1283499638209814529?s=20
https://twitter.com/RyanSAdams/status/1283499639484944385?s=20

Tim Draper and Mike Novogratz know and are invested.
https://twitter.com/TimDraper/status/1269706719149477888
https://twitter.com/novogratz/status/1269645263955779591?s=20

Sergey Nazarov gets it and blogged about Bancor V2. Wrote its likely to attract token teams and investment funds wanting to provide low risk liquidity on an AMM. Basically, this means the founder of Chainlink sees institutional finance making a big DeFi play with Bancor V2 pools. https://blog.chain.link/challenges-in-defi-how-to-bring-more-capital-and-less-risk-to-automated-market-maker-dexs/

Coinbase is exploring BNT listing.https://blog.coinbase.com/coinbase-continues-to-explore-support-for-new-digital-assets-2c5b84813fcf

BNT staking rewards coming soon after Bancor V2 release that will create extreme FOMO to buy up and lock up most of supply, building massive price pressure. Exactly what happened with SNX in late 2019: https://blog.bancor.network/bancor-staking-rewards-ad432e5d590d

DYOR though.

>>19862061

Some hot copy pasta for you fren.

If they've pulled this off it's a very big deal. The new Bancor V2 liquidity pool design with 0 impermanent loss and single asset staking will cause a lot of liquidity to flow from other DEFI DEXs like Uniswap to Bancor.

Resolving impermanent loss alone is big enough, but add the Chainlink integration, single token staking, super low slipage and insanely high staking rewards for locking up BNT and this is a definite moon shot. The price pressure pumpamentals are just too dank.

This is ground floor LINK 2018 or SNX late 2019 right before the moon shots.

Also, many plebs don't comprehend that when all of this liquidity flows into Bancor's pools it has a direct impact on BNT price and creates intense upward price pressure. The same works in reverse, when people buy BNT, the Bancor pools fill up with liquidity.