/biz/ - Business & Finance

>>20085358
Should I buy bancor or just provide link liquidity until link staking is released? How does staking bancor work?

>>20085384
You don't have to buy BNT to stake LINK, that's the beauty of single asset staking. But when you look at the problems Bancor has solved and how it opens the doors for huge scale liquidity provision, then factor in BNT's value adds in terms of trading fees and inflation, then it was an easy decision for me to buy some BNT too.
Short a massive security vulnerability getting past two audits (which is possible, let's be completely honest) then this is going to be absolute monster.

>>20085358
We're paying attention. It is just an unfortunate moment for a token to be shilled given the hype is just too strong for Link price discovery after $5 and DMG mooning around. I'm certainly interested in providing single-exposure liquidity, just not giving up the opportunity cost of a hold right now for speculating on something that launches in several weeks when the news pump already happened.

i'm all in. it will become the institutional liquidity protocol

im new to this bancor and defi stuff. Im looking on the bancor site right now. Is it as easy as making a wallet with them putting some eth and bancor in and stake it?

>>20085586
Don't stake anything until their Version 2 platform is released in the 3rd week of July. Then yes, you will be able to stake ETH and/or BNT with a few clicks.

>>20085602
ok ty anon. im keeping my eye on this for the time being

>>20085358
Comfiest undervalued defi in 2020

>>20085408
If I am planning to hold link, is there any reason/risk to not to provide liquidity? Other than contract vulnerability of course.

>>20085699
>is there any reason/risk to not to provide liquidity? Other than contract vulnerability of course.
no, and that's why bancor is going into the billions of marketcap

>>20085699
Contract vulnerability is the only risk. The v2 system means that you will always have 100% of your LINK value + whatever gains you get. That's why it's such an attractive prospect to high value clients.
It's a case of if there is a major vulnerability that gets past two audits then I'm out a lot of money. If there isn't, this is going sky high.
It's honestly a surreal feeling to see something like this before it has exploded. Feels like I'm in on a secret.

>>20085867
how much do i need to make it? i also has 4k link

>>20085788
>>20085867
Maybe I'll pool a thousand link or so. Thank you gentlemen. It certainly is surreal being able to peer into the future isn't it?

>>20085907
how much can you make with pooling 1K link?

>>20085358
i haven't forgotten you oven ready kikes partnered with Stox. you swine! fucking hooked nose swindlers!

>>20085892
idk dude I can't really make a price prediction without sounding like your usual retarded shill, but just look at the general atmosphere around DeFi at the moment, imagine how good it would be for the entire industry for DEXes to have institutional grade liquidity, and then consider that the BNT token itself is absolutely baked in to the protocol and would need to be worth a lot to be able to balance pairs that have a shit ton of tokens on the other side.
To me a market cap in the single digit billions is totally viable at this point within a reasonably small amount of time. We'll know when v2 launches and the liquidity starts to pour in.

>>20085930
Oh no, the /pol/ wing of /biz/ isn't going to invest in BNT. I'm heartbroken.

>>20085928
I have no idea lol

>>20085928
nobody will know until the platform is up and running. that won't happen on day 1, it will take a couple of months to find its legs i imagine.

>>20085358
IM WAITING FOR A FUCKING DIP. THE CHART LOOKS HORRIBLE TO JUMP INTO

>>20086038

Its vertical! same here man

>>20086038
i'll sell it to you at $6

>>20086038
Yeah looks like you missed out. There is no reason for this to dip between now and the launch. There might be a "sell the news" dip but who knows, we might be at $3 by then.

>>20085952
Israel has no right to exist but that didnt stop me from getting a stack

>>20086216
still cheaper then when it came out. doesn't look like a bad spot to jump in

600 is a suicide stack
6000 is a make it stack

>>20086414

What if i have 50k bnt? Will i be a millionaire in 2021 realistically?

>>20087138
If the Diligence and 1inch audits make Bancor watertight then yeah, $500k by 2021 at least. If we go into full bullrun mode on the back of DeFi then who knows.

>>20087166

Sounds good bro wish i coulda got to 100k bnt but based on etherscan i think im still in top 100 holders (not counting contract addresses) so im feeling pretty damn comfy right now.

Obviously there are things unforeseen that could go wrong but more and more as time passes it really seems like Bancor will be the cornerstone of the eth defi protocol bull run.

Assuming its everything that is promised and Defi explodes triggering another bull run causing say $2-3 trillion to flow into the space and maybe half a trillion into Defi I think Bancor's valuation could very well be in the billions.

>>20085358
I bought, at .87 cents too

>inb4 token not needed

The BNT token is crucial to all the Bancor AMM's (automated market makers) as it by design makes up 50% of each liquidity pool on the network. Why is that important? Market participants will be incentivised to stake their long hold token of choice in Bancor V2 liquidity pools due to getting no impermanent losses from staking and having the advantage of single token exposure, while earning trading fees as liquidity providers at the expense of traders executing trades. So if the value of the other tokens in the liquidity pools increases, the BNT proportional value has to increase as well to balance the pool. How will this happen? From BNT stakers getting more favourable dynamic fees if the pool is unbalanced. This creates more market incentive for people to buy additional BNT to 'arbitrage' the fee imbalance from the pools - price of BNT goes up. Another important factor: the BNT supply will be inflated as BNT staking rewards will be given from minting new supply, which amplifies the potential earnings from staking BNT in addition to making profit from trading fees. If you're not staking your BNT, you will be diluted out of your market share %, so there's a game theoretical design for every holder to stake their BNT, which creates the following loop: the more BNT staked > the better the liquidity for traders > less slippage for traders > more volume > more fee earnings for liquidity providers > more demand for BNT > price of BNT goes up > deeper liquidity pools > less slippage > more volume > more fees > more demand for BNT > BNT price goes up and the loop goes on and on until all digital assets are being traded on Bancor or outsourced from Bancor liquidity pools. That's what's called the 'liquidity black hole'. If that loop gets succesfully implemented, there's no ceiling to how much BNT could pump.

D C A.. enytime now we will reach 2$ its destin

>>20088361
DCA all the way up to $14 and then wait for the bullrun to start