LINK will melt faces faces when Bancor V2 goes live and ends impermanent loss in AMMs.
Chainlink integrates BNT Price Feed before Bancor V2
Kek. Sergey is a fucking defi god.
Single stinky staking with 100% stinky exposure with no impermanent loss makes chainlink defi king
Liquidity black hole, it’s happening. If you know, you know that you know.
Will chainlink provide the oracles for Orion protocol?
BNT’s new tokenomics with super high staking rewards and BancorV2’s new pool design with 0 impermanent loss enabled by Chainlink will cause all liquidity to flow to Bancor's pools, creating a feedback loop of larger liquidity pools --> super lower slippage --> more trade volume --> higher staking rewards and more demand for BNT.
Big fucking win for LINK, BNT and DEFI yield farmers.
This is the liquidity black hole redpill. I’m going to frame this pic in the citadel when link & bnt @ $1000 USD
LINK BASED AND BNT PILLED
Exactly.
Because Bancor V2 with Chainlink oracles enables 100% single token exposure (staking of any supported token) Bancor liquidity pools will suck up even more assets & liquidity. This and an improved Bancor bonding curve with liquidity amplification will create super low slippage that rivals centralized exchanges.
Liquidity aggregators like 1inch, DEX AG, Kyber and Paraswap will come to source the vast majority of their liquidity from Bancor V2 pools with Chainlink integration.
If you know what this means for BNT price pressure. You just know.
If you know what these means for LINK's increased utility in securing DEFI and LINK supply, you just know.
Got any deeper reading on BNT, user?