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/biz/ - Business & Finance

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File: 15 KB, 960x480, Bancor-Protocol[1].png [View same] [iqdb] [saucenao] [google]
28974252 No.28974252 [Reply] [Original]

>Vortex is live
>swap your vbnt to bnt
>stake your bnt
>repeat
Someone tell me why this is a bad idea.

>> No.28974794

Same, I have 3k VBNT and wonder on the best play

Whenever I want to claim my initial 3k stake I need the vbnt sitting in my wallet?

>> No.28974936

It's free money

>> No.28974970

>>28974794
Yes they act as a key

>> No.28975057

gas fees block your path

>> No.28975153

I'm still wondering about the best move for my VBNT. Better to not do something stupid cause you'd fuck yourself big times with that.

>> No.28975524

>>28974252

Better make sure to swap it at a 1:1 ratio, otherwise you'll get smoked trying to leave. THis is an ideal opportunity if you manage to get it at a 1:1 ratio and exit at a 1:1 ratio.

>>28975153

Few options. Safest is to try enter the vbnt/bnt pool. Could also try to arb Bnt for vbnt when the ratio is skewed in your favour; due to the curve it is based on it will always have some type of equilibrium. I'm uncertain as to how often it approaches the equilibirum or how large the deviations are. There's also the high degen moves of leveraging your vBNT for other assets in the hope of farming/ speculation opportunities.

Its fucking insane anyway. BNT is absolutely 25 EOY. 110%

>> No.28975950

>>28975524
its not one to one right now.

>> No.28976584

>>28974252
read this
"What happens if someone attempts an infinite cycle?"
https://gov.bancor.network/t/bip9-proposing-the-bancor-vortex/354/3

>> No.28977467

>>28975950
>its not one to one right now
Im pretty sure its not supposed to be either, the blog says the protocol will attempt to keep it at a .88 ratio.

>> No.28977648

>>28975153
>I'm still wondering about the best move for my VBNT. Better to not do something stupid cause you'd fuck yourself big times with I'm still wondering about the best move for my VBNT. Better to not do something stupid cause you'd fuck yourself big times

So much this. TFW I thought I was smarter than the average biz anon but then I started reading the bancor threads where big brains hang out.

Still eager to find out wtf to do with vbnt but can’t even figure out how to stake it. Maybe dumb question Doesn’t even look like they have one sided staking for vbnt — anyone know if that’s on the horizon?

>> No.28977855

ANSWER MY QUESTIONS THREE:

#1. IS THERE ANOTHER REWARD PROGRAM EXPECTED TO BE RELEASED THIS MONTH THAT SUCKS MY PEE PEE REAL HARD LIKE wNXM

#2 IS THE BONDING CURVE EXPECTED SOON TO BRIEFLY FAVOR vBNT OVER BNT CREATING AN OPPORTUNITY FOR ARBITRAGE

#3 vBNT REWARDS PROGRAM WHEN

>> No.28978253

is today when /biz/ officially gets priced out?

>> No.28978370
File: 5 KB, 243x250, 1507485223482s.jpg [View same] [iqdb] [saucenao] [google]
28978370

>>28976584
Jesus fuck. Reading that makes me fully understand how far over my head this is...besides nothing, wut do? Ive got 35k vbnt in wallet

>> No.28978440

>>28974252
Vortex baby, fuck yea!

>> No.28978856

being a money printer wasnt good enough this is now a money vortex
wagmi

>> No.28978900

>>28978370
you're allowed to do nothing. vBNT is for increasing exposure which means you will take on risk no matter what. If you buy a stablecoin with vBNT and BNT moons, you won't be able to unlock all your staked BNT without buying more vBNT from the market.

>> No.28979092

its ok to send this to any ERC-20 wallet from an exchange right?

>> No.28979176

>>28975057
really tho. once arbitrum is live it's game on.

t. 50k bnt

>> No.28979229

>>28979092
Yeah dawg.

>> No.28979377

>>28975057
even with absurd fees its been so worth it for anyone with a decent stack
once even banclets can put in their microstakes on L2 we're gonna be flying even faster

>> No.28979441

>>28974252
gas fees. rug pull bancor scam

>> No.28979475

>>28979229
thanks
im aping into this based on no prior knowledge under the assumption its an L2 thing that improves uni/aave through some mix of the two
is that correct?

>> No.28979697

>>28979475
lmao you're way, way off dude. might want to DYOR a bit. Read their blog.

>> No.28979785
File: 1.02 MB, 720x405, AHHHHHHHHHH.gif [View same] [iqdb] [saucenao] [google]
28979785

THESE ORCAS WITH OVER HALF A BILLION IN THEIR WALLET NEED TO GET MORE BANCOR INSTEAD OF JUST STAKING IT ALL IN AAVE, SNX, HARVEST, AND CURVE

https://etherscan.io/address/0xb1adceddb2941033a090dd166a462fe1c2029484

>>28966567

>> No.28979843

>>28975057
migrate to the binance chain

>> No.28979889

>>28979843
>Centralized decentralized finance

>> No.28979948

>>28978253
This weekend for sure
Wait for the youtube shills

>> No.28979963

>>28979475
L2 is still months away, the demo is working on testnet but not prod yet ..

>> No.28980126

>>28978900
How about being in the vbnt pool? This js same problem though it seems, if bnt moves and price seperates you end up in trouble again?

>> No.28980481

>>28976584
>Bancor welcomes the antagonist to attempt this activity, as it only accelerates the accumulation of locked BNT.

KEK