LINK BNT V2 POOL CAPS JUST GOT RAISED SECONDS AGO, YOU HAVE LITTLE TIME

I use firefox on private mode so everything is wiped everytime I close it. I have a few excetions (mainly dapps), but forgot to allow Bancor. So had too approve it first.

My experience with Bancor has been nothing but shitty. We were promised so many things for v2.

had to cancel my first tx because of the retarded gas fees only managed to get 950 of my bnt in the pool

Looks you just missed it. Same thing happened to me initially.

couldn't get my full stack in had to settle for 950 in the end

what's the yield on the linkbnt pool right now?

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IS there a reason why metamask is so FUCKING SHIT. Why wont the bancor site recognize my meta mask, even when I manually add my wallet it still wont register. I fucking hate metamask.

Now that we're here, guys, would you sell Elrond for BNT & link?

I'm tired of their 200k stacking shit

Fuck how fast does that shit fill up? By how much did they raise it?

Based OP. Thank you. Managed to get 3.5k LINK in. Gonna do it in bits for now. Yes boys.

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Fucking metamask, every crypto site offers connections to it and almost everytime I use it I have issues getting it recognized on the website. Linkpool is a pain with metamask but bancor seems to be EVEN worse. how the fuck am I supposed to make money under these shitty conditions?????

>Complains about free software
Write your own

Unbelievably based user. I wish I had the balls to go in with a few thousand of my LINKs. You are gonna make it.

Everyone else, I'm glad to have helped you out. Remember, we're all in this together.

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Fills up like fucking crazy. If this cap was 500k, it was filled in about 6 minutes. I literally said I'd refresh biz one more time and saw OPs post as it was born. Thank f.

In all honesty it just gives people in a week/month ahead before it all kicks off. I'm not so much excited about the initial super high APR as I am when the caps are off and the seriously big boys can start providing liquidity

thanks fren

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You really did user. Thank you. At the yacht party, just start shouting hwo you amde this thread and your first hooker and blow are on me fren

Jesus man. BNT is going to fucking skyrocket isn't it

the other side of that is that with institutional liquidity provision and 20x amplification it's going to be an insanely good place to buy and sell bulk ERC20 tokens. Way better than any CEX even.

Fuck yes i traded all my link for bnt about a month ago. Feeling like a god.

I love link but BNT upside is absolutely insane once this fully launches.

Oh like absolutely fucking roar up through CMC. I've been a die hard stinky since ICO, and the only other coin I've bought is BNT back after the V2 announcement. I was explaining it to a friend earlier, and basically

- Single token exposure
- Treasury token holders/ institutions can provide liquidity to generate fees to offset infaltionetc, while still remaining long on their asset
- The LP token (e.g LINK-BNT) will be able to be used as collateral on lending Dapps like Aave etc.

Finally, the fucking true apex of all this is that the BNT side of the pool needs to equal the value of the other token side of the pool.

This is going to melt fucking faces. I'm way more excited for BNT than I am for LINK in the short term. Sergey psoted an indepth article about usecases of Bancor V2 and its importance.

With LINK and BNT you just fucking win im 100% all in BNT right now cuz Im a degen gambler and really need to make it.

Here is hoping my 50k BNT stack makes me a millionaire at some point soon.

I'm still kicking myself for being too slow in getting out of AMPL. Could have bought a 20k BNT stack but got too greedy

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>Finally, the fucking true apex of all this is that the BNT side of the pool needs to equal the value of the other token side of the pool.
This.
This part right here is what is going to melt faces.

There are only 2 scenarios:
1. BNT liquidity providers get absolutely disturbingly high APR as a result of liquidity imbalance and 50% fee sharing

2. BNT marketcap absolutely explodes in true face-melting moon fashion. As a result of people buying up BNT to get a piece of the sweet 50%+ APR by providing liquidity with BNT in imbalanced pools

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this was the copypasta that convinced me

The BNT token is crucial to all the Bancor AMM's (automated market makers) as it by design makes up 50% of each liquidity pool on the network. Why is that important? Market participants will be incentivised to stake their long hold token of choice in Bancor V2 liquidity pools due to getting no impermanent losses from staking and having the advantage of single token exposure, while earning trading fees as liquidity providers at the expense of traders executing trades. So if the value of the other tokens in the liquidity pools increases, the BNT proportional value has to increase as well to balance the pool. How will this happen? From BNT stakers getting more favourable dynamic fees if the pool is unbalanced. This creates more market incentive for people to buy additional BNT to 'arbitrage' the fee imbalance from the pools - price of BNT goes up.

Another important factor: the BNT supply will be inflated as BNT staking rewards will be given from minting new supply, which amplifies the potential earnings from staking BNT in addition to making profit from trading fees. If you're not staking your BNT, you will be diluted out of your market share %, so there's a game theoretical design for every holder to stake their BNT, which creates the following loop: the more BNT staked > the better the liquidity for traders > less slippage for traders > more volume > more fee earnings for liquidity providers > more demand for BNT > price of BNT goes up > deeper liquidity pools > less slippage > more volume > more fees > more demand for BNT > BNT price goes up and the loop goes on and on until all digital assets are being traded on Bancor or outsourced from Bancor liquidity pools.

That's what's called the 'liquidity black hole'. If that loop gets successfully implemented, there's no ceiling to how much BNT could pump.

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That's basically 12.5k link rn, so you're already sorted in a way. I get what you mean though, BNT will go x 5-10 before Chainlink will. I would almost do the same except I have a decent LINk stack that is inaccessible to me as the private keys are in my aprents house on the other side of the country.

Not degen user. Based.

Good Yahweh I'm excited for you guys.

I think it will desu. We're at the stage of Bancor when people were talking abotu DeFi back in Q3/Q4 2019. Now DeFi is "crypto mainstream" in Q3 2020.

I'm legit as excited for BNT as I am for LINK, if not a little bit more. Watch it fucking decimate the CEXES. Even for Aggregators like 1 inch, they go based off lowest slippage. I dont mind paying 50 USD in gas if I can get a .18% slippage on a 5k LINk buy vs a 4.2% slippage on uniswap.

Lord boys. Oh fucking lord.

What makes bancor better than uniswap?

One slight worry of mine if that CEX-es will try to stop this somehow. I'm worried Binance might get too much voting power once the DAO launches.

GET YOUR BNT OF THAT CHINK EXCHANGE IF YOU HAVE ANY THERE

almost a 1000 LINK difference between uniswap and BNT V2 right now on a ~57k buy
absolutely blows unishit away

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Uniswap LP's lose value compared to just holding the pool tokens. They also have to provide 2 pool tokens and split the asset they want to long. They also have less effective capital usage (liquidity amplification). These were all major hurdles for LP providing. Read up on impermanent loss. It's a bitch if you've ever experienced it.

Bancor solves all three.

so nice to see it in real terms after so much excitement in the leadup