No Bancor thread?

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>This thread is now $2.5 waiting room

XRP will take a long time and slowly go up over the next year, Its marketcap is huge already so maybe a 1-5x over the next year, BNT has a much smaller mcap so can do a 10x in the time xrp does a 2x

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you will hate it even more when it is $5.

and even more when you realize you read this and still didn't buy

shill me on bancor, does it do anything that xrp doesn't?

Actually rewards people who hold it in pools and the founders aren't constantly selling it OTC to VCs and institutions at a discount for it to be dumped on the market?

Brainlet question: if staking BNT on a v2 pool, are pool fees paid in additional BNT or in the pool's corresponding token?

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i got 28k bnt and i aint selling untill its $1M

Bait.

Same here, though I never sold it, so I might still turn a profit.

BTW, why is it rising? What has changed?

Gee, you'd expect everyone on biz to know after 2 months. Means that there will be plenty of money to pump my bags, so that's nice.

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Don't come here very often. Got bored with crypto and am mostly into stocks nowadays.

Is it that V2 thing? In practical terms, what is it meant to do?

It solves the money problem. There's a good writeup on it on the chainlunk blog.

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I'll check it out, thanks!

Literally everything. New core team working on the protocol as of late 2019. Token model changed in January. New pool design was just released. Staking rewards and DAO are coming. Coinbase exploring listing. Bancor is about to BTFO everything in DeFi and then CeFi, but its happening gradually in a genius tier black swan sort of way thats going to catch most of guard. A few plebs are just starting to realize something is happening with BNT. Majority will end up paying $20 for it on Coinbase.

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Here's that blog user: blog.chain.link/challenges-in-defi-how-to-bring-more-capital-and-less-risk-to-automated-market-maker-dexs/

this write up also explains it really well: tokentuesdays.substack.com/p/the-case-for-bnt-in-bancor-v2

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In LINK > BNT pool:
- LINK -> BNT trades generate LINK fees that are re-deposited on LINK side of the pool
- BNT -> LINK trades generate BNT fees that are re-deposited on BNT side of the pool

Because every trade generates a reverse arb trade, the fees from trades are evenly split 50% 50% across each side of the pool.

so in short,
If you are a LINK LP, you generate fees in LINK
If you are a BNT LP, you generate fees in BNT

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so im better stacking BNT atm, after it moons position more into LINK?

Thank you fren
Also, if someone has that draw anons pic of the waffle table from yesterday, pls post it, I though I saved it but apparently didn't.

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Either one could double in price overnight. My advice would be staying more in LINK because it's no longer a gamble at all, where BNT is an excellent play that still carries the risk of a major vulnerability tanking it.

I would not move out of BNT. If things continue playing out like this $20 or more per BNT will happen. This is an easy $10 by December. So stack BNT and LINK, but dont sell one for the other. Interestingly these two coins tend to moon together.

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