/biz/ - Business & Finance

>>21537146
when those caps come off...

>>21537146
sry pool closed

Soon*

>>21537419
Vlad still awaits Bancor v2 pool entry.

It's a lock. The fix is in.

BNT has seen explosive price action over the past two weeks following the successful release of the Bancor v2 beta on Ethereum mainnet . After finding support @ $1.30 BNT made a major move up, increasing over 100% & hitting $2.80 last week. BNT has since retraced to the $2.10 range & looks to be recoiling before testing new yearly highs. The current price consolidation presents an immediate opportunity to scale in to BNT before a major run-up. Extremely bullish AAX technical analysis indicates BNT's current price target is $3.15 and from there $4.20 is the next target: https://blog.aax.com/en/2020/08/10/aax-intelligence-bitcoin-bancor-cardano/

Bancor's v2, which has been praised by major tech VCs Mike Novogratz & Tim Draper, has been on a winning streak since launching its first beta liquidity pool, LINK/BNT, at the end of July. The Chainlink pool hit its $500K liquidity cap within 25 minutes of launching & facilitated over $1 million in 24 hour trade volume in its 3rd day on main net, beating all DEX competitors including Uniswap for DeFi trades & generating massive APR for liquidity providers. These milestones were achieved with only $500K in liquidity using Bancor v2's 20x liquidity amplification mechanism. Bancor has since raised the liquidity cap on the Chainlink pool to $1 million & launched a 2nd liquidity pool, REN/BNT on its v2. It is anticipated that liquidity caps on Bancor v2 pools will soon be lifted & that additional pools including ETH, LEND, ENJ, SNX & YFI will be added to Bancor v2 within the coming weeks. This will trigger a surge of liquidity into Bancor's v2 pools & drive additional positive price action around BNT. According to TokenTerminal, Bancor is generating the highest revenue and volume multiples based on market cap, making BNT the most undervalued DeFi asset even after a massive 1,000% price increase over 90 days. BNT's fundamentals and value driving model are extremely strong and the token is being considered for listing on Coinbase.

fudder here. maybe you guys will have better luck with v3? shrugs

>>21537793
>love u fudder
>bnt bullgrazing begins

BNT is poised to become the gold standard among DEXs. Bancor’s new liquidity mining program + reflexivity scheme will allow it to grow AUM very quickly - they’re taking a page out of the SNX playbook with this The team is also extremely hard working and the main reason for their valuation discount is their large ICO ($153M war chest) Look past this and you have free alpha as ETH maxis continue to play them down https://defiweekly.substack.com/p/aave-credit-lines-usdc-blacklist-79f

Saying BNT will be a top 20 token is no joke. We could see this surpass BNB & possibly even pave the transition from CEXs to DEXs for the ecosystem as a whole. $50 BNT is very reasonable in the next couple years. $10 EOY. $5 in short term

BNT is relatively under the radar, but was the top performing DeFi token in Q2 & is still the most undervalued DeFi by price to earnings (PE) ratio. The key metric VCs use to evaluate investments. https://twitter.com/RyanSAdams/status/1283499638209814529?s=20

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

Sergey Nazarov gets it & blogged about Bancor V2. Wrote it's likely to attract 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 (uses LINK oracles in every pool) https://blog.chain.link/challenges-in-defi-how-to-bring-more-capital-and-less-risk-to-automated-market-maker-dexs/

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

BNT staking rewards coming after Bancor V2 that will create extreme FOMO to buy up & 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

>>21538042
word on the street is that v2 caplarinos come off this week. get ready bois

Who saw what the V2 pools did first 2 days live?? - smashed all other DEXs on prices. They took it back into the lab for testing and are about to release full beast mode!!!! I’m re-adding with these dips before pool caps come off then blast off !!

what are some stack sizes estimates?

>>21538416
1 BNT is enough.

>>21538268
Saw that, of course. $1M volume in 24 hr volume with only $500K in the LINK pool and 330% APR jfc. When those caps come off my pants come OFF!

It's a lock. The fix is in.

>>When those caps come off my pants come OFF!

>>21539901
High capital efficiency allows Bancor pools to capture volume and drive higher fees (APR) for liquidity providers. For the end-users, this means Bancor pools can offer better prices than other DEXs using less liquidity. To do this, Bancor V2 utilizes a new type of liquidity pool which features:

- Single-Reserve Pool Tokens: Each v2 pool is anchored to two pool tokens (one per reserve)

- Staked Balance and Current Balance: For each reserve, staked balance indicates the total amount of tokens staked by liquidity providers, and current balance indicates the amount of tokens held in the reserve.

- Dynamic Weights: The pool updates reserve weights to incentivize market participants to equalize the current balance with the staked balance.

- Price Feeds: Chainlink Price feeds are used for calculating the weights such that after arbitrage closure, the pool price becomes equal to the market price.

For the sake of length, the key takeaway here is that you can enter a Bancor V2 pool with any token you want, and be sure that regardless of how the price changes, you’ll be able to exit with that same amount of tokens. Now, assuming this catches on, Bancor V2 will likely see a drastic increase in both native volume and attention from DEX aggregators like 1inch. This in tandem with the upswing in Bancor V1 annualized earnings and… we’ve got rocket-fuel.

>>21540393
Novogratz and Draper agree fren.

https://twitter.com/TimDraper/status/1269706719149477888
https://cryptocomes.com/news/mike-novogratz-sees-positive-future-for-defi-middle-and-long-term

>>21537793
>v2 isn't even fully out yet

>>21541009
>>v2 isn't even fully out yet
yeah it was delayed

>>21541260
thanks for the bumparino fudder. <3
not sending you BNT again though, as much as we all love u.

>>21541495

>>21541495
U the anon who donated BNT to the fudder in the insider thread before v2 launched?

>1inch gives better swap rates for LINK->BNT than V2
>Volume dropping
>Price dropping
>No new pools for days
>BNT now offering $100 for people to make shitty Dune dashboards because they can't do it themselves
>Mooniswap released
>YFI with no impermanent loss already
>Bancor V2 website doesn't load if you have adblockers because they put shitty tracking ads into it

Bancor V2 is a failure

they launched an incomplete project and its obvious. there is no data, the pools dont even function properly, theres caps on liquidity
its the most pathetic attempt at "staying true to july launch" that they could possibly have

reminder that consensys noted in the audit report its a security risk that they weren't given enough time to fully audit all the contracts of Bancor V2

They're trying to buy time. After watching the V2 pools for the last 2 weeks they realized that their math was wrong in a number of situations and they can't solve impermanent loss.
They keep seeing the pools getting drained on one side and have to manually rebalance the ratio each time to incentivize it to get back to normal.
They are slowly realizing that there is no way they can accomplish what they set out to do, and now they're just buying time.

In 1 week they will announce plans for a Bancor V3 that "fixes" all of the issues they can't figure out with V2, and they will revert all pools back to V1.
You were warned.

Also the most important issue:
Bancor V2 is vulnerable to front-running

See mooniswaps documentation on why they chose a different solution than Bancor V2, as a result of the insane risk presented by front-running

>>21541992
The Uniswap team sure puts a lot of effort into fudding Bancor on /biz/. Why are they so worried? After all, they're generating a ton of "real" revenue for LPs right?

>>21542635
bnt fudder doxed. kek

>>21543158
silence confirms it’s for sure him. u heard it hear first frens. uniswap lead engineer fudding bancor v2 on biz. this is god tier cuckery.

>>21543158
>bnt fudder doxed. kek
fudder here. im just some anon. been posting on biz daily for the last 3 years.

>>21543885
different ID. >>21541992 is the unicuck lead dev.

Based Bancor Boys

Very very bullish about this one. One of the few projects which have some real tech beneath the hood. My other bags are LINK and OMG, two other solid tech projects.
I speak to the BNT team often on the TG channel, the focus is on the right things & not playing the market. Easily a 500M mcap

>>21544162
Thanks for checking in fren.

>>21542635
>>21544024
Uniswap is superior to Bancor in every way. We'll soon be announcing plans for no impermanent loss and single asset staking. Using a different method than Bancor V2 which is not vulnerable to Oracle front-running attacks.

>>21544024
>is the unicuck lead dev.
probably. but hes right

>>21544341
Hey Noah, this FUD is incredibly bullish for my BNT bags. Please continue!

>>21544341
You can't fight gravity UniCuck

I'm 3X long on BNT.
Can't wait for the caps to be removed.

V2 is nice idea but devs are complete retard, when nate said he needs someone to make shitty dune analytics for 50 bnt, i sold 70% of my stack

>>21544721
>BNT liquidity black hole

Once those Bancor v2 pool caps lift...
BNT’s new tokenomics with high staking rewards + Bancor V2’s new pool design with mitigated impermanent loss, single asset staking and 20x liquidity amplification enabled by Chainlink oracles will cause all liquidity to flow to Bancor pools, creating a feedback loop of larger pools > lower slippage > more volume > higher rewards > more BNT demand.

>>21544704
>>21544721
>>21545081
>>21545188
I am waiting to release my Proof of Concept for an Oracle front-running attack on Bancor V2 until the caps are lifted.
I'm waiting until there's at least $100,000,000 TVL in Bancor V2 pools.

I will then publish my article and anyone with moderate technical skills will be able to attack Bancor. You have been warned.

>>21545093
Shit anon. This is the equivalent of selling LINK at $2. I'd get back in ASAP.

>>21545365
But you said they're going to change the design Unicuck. So will your hack still work by then? You think Bancor hasn't already thought of this? Hope you haven't wasted too much time on this. Oh well.

>>21545432
imagine raising $150M and asking people to make shitty dune analytics for 50 bnt on telegram

>>21545432
>he's right
This anon gets it! And so does Sergey! https://blog.chain.link/challenges-in-defi-how-to-bring-more-capital-and-less-risk-to-automated-market-maker-dexs/

>>21545702
Imagine thinking this silly FUD matters.

>>21545702
>imagine raising $150M and asking people to make shitty dune analytics for 50 bnt on telegram
kek if only you knew how bad things were

>>21545806
>bnt so comfy
unbothered. moisturized. happy. in my lane. focused. flourishing.