/biz/ - Business & Finance

>>20284408
Bancor has many other interesting updates in V2 including dynamic pool weights and 20x liquidity amplification. Bancor’s new liquidity mining program + reflexivity scheme will allow it to grow AUM very quickly. They’re taking a page out of the Synthetix playbook with a cookie cutter copy pasta of SNX that makes it so anyone who locks BNT in Bancor pools will earn massive inflationary rewards. This will generate massive exposure and FOMO into BNT to add to the liquidity pools. This will also create very strong liquidity pools that rank in the top of DefiPulse and will be larger than Uniswap and Balancer pools. Supply of BNT will shrink on all exchanges and will be very easy to pump. The Bancor team is also extremely hard working and the main reason for Bancor's valuation discount is the large ICO in 2017 ($153M). Look past this and you have free alpha as ETH maxis continue to play them down. All of this, plus the deep collaboration with Chainlink, major VC backing (Draper and Novogratz Novogratz: https://twitter.com/novogratz/status/1269645263955779591?https://twitter.com/timdraper/status/1269706719149477888?s=12)) and Coinbase considering a BNT listing warrant atleast holding some BNT, as the token still remains extremely undervalued with mutilple massive price appreciation catalysts in play.

>>20284408
High quality memetics fren

two words: head and shoulder.

>>20284430
BNT memetics are stonk

>>20284408
BNT is going to pull a LEND. Top linkies already getting ready to drop millions of stinkies of liquidity into those juicy V2 pools like they did with AAVE. https://twitter.com/ChainLinkGod/status/1279859727082479616?s=20

Sergey even wrote a blog about it.
https://blog.chain.link/challenges-in-defi-how-to-bring-more-capital-and-less-risk-to-automated-market-maker-dexs/

Implications for Chainlink are huge because every new token that integrates a pool with Bancor V2 will use a Chainlink price feed. Few understand this.

>>20284408
based and BNTpilled

Bancor is the match that finally sets DeFi on fire. LINK is king. LEND, REN, KNC and SNX are all good, but it's BNT liquidity that will set the whole thing off. And we don't even have to wait an eternity, it begins this month. I'm fucking pumped.
>t. 22k BNT

$200m+ in balancer pools because they incentivized LPs with shitcoin BAL that's going to dump hard any day now: https://twitter.com/degenspartan/status/1281627847803539456?s=21

What do you think is going to happen to bancor v2 pools which are way more advanced and loss-resistant than balancer's?

Then when bancor drops BNT LP incentives?

Not to mention BNT is in every bancor pool - so when the token pumps, the pools pump and vice versa

Top 30 in 2 weeks watch

Bancor is a KIKE SCAM

>>20284996
easy $10 billion market cap 1 year from now

>>20284658
Coinbased and BNT pilled. https://blog.coinbase.com/coinbase-continues-to-explore-support-for-new-digital-assets-2c5b84813fcf

>>20284408
>work the pools cagie!

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.

Does reddit know yet?

>>20285263
they "know" only the things that we get them to "know". just like how they knew link was a scam for 3 years straight

>>20285492
based.

>>20284430
My OP aside, BNT is worth buying based on memes alone.