/biz/ - Business & Finance

probably because they mint infinite for people to dump while farming

Don't blueball me, tell me why I should buy it.

>>28836135
Well in November there were 61 million locked on the network, now there is 561. It's gone up to the #13 spot on the largest defi projects. It just entered the top 100 market cap last week, and it's on coin base. It's also a really amazing staking protocol and whales are making fuck tons of money using it. Im considering going on all in with the hope this gets to 20+ by march and then 100-200 end of bull run

$10 (at least) EOM

>>28836135
the short of it - they have a working project with impermanent loss protection and single sided staking.

Big brain explanation:
https://www.youtube.com/watch?v=SbUqcbNqQ-Y [Embed]

#1 IL protection. Not as impactful during a bull market but larger stacks looking generate revenue from providing liquidity will obviously want IL protection when things settle down or go south for a while.
#2 Single sided staking. Wanna stay all-in on your token of choice and still provide liquidity? Bancor is your guy.
#3 Vortex. You get vBNT from staking your BNT that you can swap for different coins if you think they will outperform BNT, then swap a portion of the tokens back to vBNT to unlock your BNT stake when you want to.
#4 Massive growth in TVL, #1 pool for locked Chainlink. Marketcap hasn't gone up proportionately. Sitting around 500m while competitors with inferior tech and higher swap fees sit at 10x that.
#5 Working demo on arbitrum testnet with 50x lower gas/swap fees.
#6 EOS bridge up and running, actively building a Polkadot bridge
#7 Sweet sweet passive income with insane APY% (for now). Tons of linkwhales chilling in LPs.

Check their defipulse page to see how fast they've grown in the last 3 months. nuts

>>28836094
That’s not AMP

>>28837812
based

>>28837812
im ready

Easy 10x

Anyone have link in their pool? I have around 4000 link right now but idk if I’m comfortable putting in more. What if they jew me somehow

only niggers and faggots buy bancor.

Should I just buy more BNT or get a bag of HBAR?

TOP KEK still waiting for the moon while everything else already did 10x this and last month? bancies on suicide watch

>>28836094
iykyk

>>28836094
Its comfy staking my link in their pool. Its been like three days and I've made 24 BNT and 1.5 link.

>>28842050
2017 want their memes back

>>28842050
Why would nazis be mad? For once it’s not the kikes leeching from a system not of their own making.

>>28841635
u have 4000 staked? how much u have made in profits? im scared to put linkies there, their website ui is sluggy also and i cant see my staked bnt
>>28842409
how many linkies u have staked?

I'm getting more than $4k USD a week doing nothing.

>>28841678
BNT

>>28843346
how does it feel to have made it?

>>28843440
The funny thing about making it is I spent the last year eating really healthy and focussing on creative hobbies and shit thinking "If I'm really going to become wealthy I should prepare myself to be the best possible me".
Now I have $2m in crypto and I'm sitting in a hotel room watching TV and eating two pizzas like a hopeless fat piece of shit, kek. Making it has not been half as good for me as the chase to make it was.

>>28843590
any advice for someone who wants to make it and chill in a hotel room eating pizza?

>>28843707
Make gains in shitcoins and park those gains in LINK. Treat LINK as your savings. And stake the LINK on Bancor to earn even more.

>>28843590
Just get back on track, take a year off travel around the world and enjoy yourself the get back to business no point living like a slob

>>28843832
>travel around the world
anon...

For people unfamiliar, Bancor are the original AMM (automated market maker). When they proposed this and did an ICO lots of biz didn't even understand what that was, because it was such a new concept.

They've continued making something really solid, and it's seriously a wonder why it hasn't mooned yet. You can currently get over 100% APY staking because of the rewards structure right now, not to mention the increasing value of your underlying asset.

>>28843819
Is there really that much growth left in link though? More than any other semi-mainstream coin? I wasn't around when people were picking it up for less than a dollar.

>>28843903
I only have a 500 stack. Is it worth staking, or should I just stick to accumulating.

>>28836094
>bancor hasnt mooned
>checks chart

Yeah OP is a shill faggot

>>28836094
Bancor is the name of the proposed global currency by famed socialist economist John Maynard Keynes. I'll pass, thanks.

>>28844159
Chainlink will have a multi-trillion dollar market cap, thousands of dollars per token, although I don't expect anyone new to crypto to believe that.

>>28844356

I'm a software engineer with 20+ years of experience so if there's a technical reason why you believe this is the case, there's a good chance I could evaluate it.

>>28843819
Any risks involved in Bancor staking?

>>28844207
I have this question too

>>28837812
>>28841558

Unironically this

>>28844534
Smart contracts essentially amount to "automated execution of terms when external criteria are fulfilled".
The number of use cases for this sort of automated transfer of value is too big to count, especially in a climate of deteriorating global trust. Everything where a trusted human performs an exchange or conferral of value can be automated. From house conveyancing to wages and taxation to global derivatives setltements to insurance etc etc. A significant proportion of global GDP is bound up in intermediaries who perform value movement, and this automates away their very existence within all these diverse systems.
There are a huge number of settlement layers competing with Ethereum to be the place where these agreements are stored and executed, but there is only one project that is making the prospect of global smart contract economies actually realistic, by allowing for external data triggers to be fed into these agreements in a way that is secure and reliable enough for global adoption.
I could write pages and pages on how Chainlink basically have a monopoly on all the significant monetisable chokepoints of L2 data supply and contract triggering/execution, and pages more on why the token has to have an immense value to serve a mature smart contract stack, but I'm probably just going to leave that as a starting point and go and drink red wine instead.
All I will say is that if you dig into this tech stack (Web3.0, smart contracts) you will discover a revolution in human affairs on the same level of the internet, possibly even more disruptive.

>only one
Curve

>>28841635
It's pretty nice, only downside is the HUGE fees, and there being so little space in the LINKpool.

120% apy for providing stablecoin liquidity. Bancor is where I park the money I can afford to forget I have.

>>28845134
Do you have some conception of the value distribution across the stack? If you have a smart contract platform being used by a dapp where data is transferred via Chainlink, how much value is captured by the platform, the dapp and by Link (for example, AAVE using Link price feeds on Ethereum)?

>>28844280
>Poverty is not socialism. To be rich is glorious.
stay poor anglonigger

>>28836136
65% of it is staked and that will go up by 15% once they add automatic restaking soon

Can someone explain staking to me? How tf are there so many coins that just spawn money out of nowhere???

>>28845134
>a revolution in human affairs on the same level of the internet, possibly even more disruptive
I think that's an understatement. Think about it: the world is largely the way it is because of international bankers and corporations and their machinations. So much of the absolute terrible shit going on today is because of them. Imagine a system that makes international finance obsolete, that takes their power away. That neuters their greatest tool: centralized control over money and currency.

>>28841635
>>28843246
If you are paranoid you can insure your stack with armor and you will still be in a lot of profit due to this rewards

>>28836136
83% of the rewards have been restaked.

>>28844236
>70% below ATH

This is how we slay Moloch.

>>28846043
>https://market.link/feeds/ebd193de-4188-4ac7-8b11-0e7d161e85be?network=1
imagine any kind of dApp that relies on something like real world stock prices. it would use LINK oracles just like this one, pulling constantly from the feed each time the info is needed/checked by a smart contract/dapp/user/etc. it's constant transactions of varying importance--the more 'trust' required, or the bigger stakes, the more LINK that transaction would cost because more nodes would be pinged to verify the data.
the big example sergay goes with these days that's furthest along is weather insurance.

>Arbitrum coming
>limit orders coming
>vortex rolling out

yeah im thinking based

>>28846043
First of all I don't agree with fat protocol theory. I think it's entirely possible for a feature rich L2 to capture more value than the settlement layer.
The second thing you really need to consider is what value represented in LINK tokens actually is. The idea that it's just accumulated fee payments, a direct representation of "network usage", is actually only telling one small part of the story.
Much more than that it's a representation of the total value of collateral posted by every LINK node, every participant in that network, taken together, PLUS any fees the network is generating.
A fully mature Chainlink product is an open invitation for participants to come and play a game. A game of "pay an ante, provide an honest service as a data provider, and win your ante back + gains". The ante is higher for higher value contracts, and the incentive for any one node to have as much value in LINK as they can get is as simple as the fact that the more they have, the more they are allowed to play, and the higher stakes they are allowed to play.
So for any one node there is a limitless ceiling of demand for accumulating as much LINK as possible. THe more you have, the more contracts you can service, the more profit you can make.
Extrapolate that over every node in the entire network and you don't need a single retail speculator on board for this still to go to absolutely absurd valuations.

>>28836094
Easy x20

just let this old head ass shitcoin die already, get avax or some of the better new shit

How the fuck does this work? Who even uses these liquidity pools like seriously? The whole thing looks like a disguised ponzi scheme

>>28836094
Yeah, and it's DEXG the next gen exchange Uniswap killer.

>>28846796
>>28846811
I swear to God, Bancor threads attract the biggest brainlets on this entire board

>>28843590
Ever spent some of it? Thoight so

>>28846092
They are rewards and are voted on by or proposed by bnt holders.

The rewards are 20m BNT divided over 18 months between all of the Impairment protected pools. So that's like 10% inflation.
A big portion of the earnings many BNT stakers get are from the .03% fee split.

What ppl don't realize is the product needs inflation to tie value to all of the liquidity being on boarded to the platform.

>>28836094
You lost on OXEN sir

>>28847093
exactly, it's not like it inflates out of control, in fact it paces very well with increasing TVL

very comfy protocol

BANCOR CAME FROM ISRAEL. THAT'S WE MADE FUN OF IT IN 2017

>>28846654
You've established yourself as the smartest person in the most based thread. So quick Q: I took out a loan against 12% of my LINK stack to buy BNT last week. Now I'm eager to just stake my stack (assuming a miracle that I am around for a increase in pool size like last Thursdays)... what's the max % of your LINK you'd stake on bancor? I'm feeling like it's safu

>>28847184
ironically, its bancor that got kiked by UNI.

>>28842496
>wants his penis back

you mean hoge? I mean it's a memecoin but OK OP if you really think it's going to moon

>>28846993
bancor has been a great filter for this bullrun
i fear too many biztards will be priced out before the rewards refresh

>>28847273
considering the pedigree of the Bancor team and their status in the space, I'd wager your linkies are about as safe here as they are Aave

>>28836094
Maybe worth it at 50c, not now.

>>28846569
Guess the value distribution would vary quite a lot from dapp to dapp, depending the frequency of calls required and the dapps own tokenomics.
>>28846654
Interesting. Sounds like this would lead to competition between nodes to provide the most collateral (security) for the highest value contracts. This would reduce the proportional staking rewards but drive up token prices. I wonder where the equilibrium will end up being in terms of staking returns.

Why are Bancor threads always so comfy?

>>28847798
It condenses gamblers, financial mavens and economic big brains into one room

>>28847798
Because it's actually high iq people invested in it and not pump and dump brainlets

>>28847658
>bitcoin? Yeah maybe worth investing at 3k not now, bro

does anyone know if the eth/bnt pool is likely to be extended?

>>28848573
Already has been

>>28841655
Do faggot niggers double down?

>>28844534
>>28845134
evaluate it then, nigger

>>28836094
so easy to make money with this but so mayn people dont want to have money

>>28836094
Wagmi chainlink and bnt

is it even worth it bros. most i can get is 1000 bnt but the gas fee for the contract is huge. should i wait until i accumulate more before staking???

>>28849895
based linkies

>>28849913
at least get idk maybe 2k before staking

no reason to buy bnt and farm when you can get same apy using stablecoins. Also, theres 24 hour lockup period for bnt withdrawal, so if shit hits the fan, you won't be able to exit in time

>>28850138
okay thanks anon ill accumulate that much

>>28849913
you can try to accumulate more or maybe wait for Arbitrum, it's probably 2-3 months out

you would earn your fee back (assuming 300 bucks) in about a month so idk if its worth it at these prices

>>28850255
ill never be some 30k bnt whale but if i can get and stake 2000 before it hits 10 dollars or somethign ridiculous ill feel like im at least part of the fun. forever missing the boat

>>28836136
>probably because they mint infinite
infinite bancor tokens?

>>28850523
yeah thats true, if it goes to $10 (and it will, more like $30) the gas fees you paid now will be nothing

So comfy

>>28849895
link and bnt gang checking in. We're going to reach levels of makingit never previously thought possible

>>28850231
>>28850523
i just bought 1300 bnt and staked them
fees weer around 130$
getting some bnt all the time
when it 10x i might buy link with it

>>28850627
$10 would be amazing, why do you see it going to $30?

>>28850953
It would put its marketcap at 4B, which is still less than Uni

>>28850186
Please tell me where I can get over 100% for my stablecoins.

>>28851213
Bancor lol

anyone know when bancor is going to release the feature that allows me to squeeze into the link pool if i add BNT with it?

>>28842409
>comfy staking my link in their pool
aren't you afraid of smart contract hacking?

anyone know what kind of returns to expect once the lm rewards expire?

>>28842409
prepare losing all your link when it moons

>>28852409
They expire in something like mid 2022, I don't think anyone knows what the rates will be like

>>28852648
I assume we'll just make money from fees by then. Bnt should have captured significant market share if all goes to plan