Reminder that Bancor V2 is a failure, and the Bancor devs are scrambling to try and fix broken pools that don't outperform 1inch aggregating from other DEXes
They haven't added a new pool in over a week, and the LINK and REN pools consistently get outperformed by 1inch aggregating other DEXes
Bancor V2 is a failure.
yep, bancor is dogshit
ok. kind of weird thing to make a thread about.
Should I dump all my bancor bags right now?
real bancor fudder here. i told you for over a month that the team lied about solving impermanent loss. i told you the audits didnt pass. i told you v2 would be delayed. get rekt
you said v2 would come out in Q4 and it came out in July, just like they said. Why were you so far off?
>you said v2 would come out in Q4 and it came out in July, just like they said. Why were you so far off?
kek. they said july. i said they would wait until the last day of july to announce delay. they changed their plan after i keep posting on biz and instead rolled out a beta version on last day of delay.. and will add to it in phases.
they launched an incomplete project and its obvious. there is no data, the pools dont even function properly, theres caps on liquidity
its the most pathetic attempt at "staying true to july launch" that they could possibly have
reminder that consensys noted in the audit report its a security risk that they weren't given enough time to fully audit all the contracts of Bancor V2
are u guys fudding to buy more?
or are you trying to help us?
should i dump my bnt bags for algo, yes or no?
>they launched an incomplete project and its obvious. there is no data, the pools dont even function properly, theres caps on liquidity
>its the most pathetic attempt at "staying true to july launch" that they could possibly have
>reminder that consensys noted in the audit report its a security risk that they weren't given enough time to fully audit all the contracts of Bancor V2
this. it was worse than a delay
>the pools dont even function properly
in what way?
it's hard to say. even shit pumps in a bull market. id probably sell for snx, aave, dia
aave was my other alternative. thank you based and wise user.
nigga I dont even know what impermanent loss means let alone whether they solved it or not I just bought this shit expecting it to moon
Bancor FUDders are all the same. They hate us cause they ain't us. >100% APR in the v2 pools. Platform still in beta. Mic drop.
Fudding lol. When does any one on biz do what's best for you? Probably just sold his bag lower and wants it to dump /hold face. The second most held alt all link wallets have on etherscan is bancor. You think about it. People know the value of this. Also keep in mind there is a steady uptrend AND this is one of the few defi shit coins that haven't pumped this week.
bancor fud is unironically the only reason i come to biz
does his fud make sense though?
i also heard 2 things that concern me
>potential issue with "frontrunning" on Bancor?
>1inch is solving impermanent loss
take your meds, kikes
bancor is the most hacked crypto in history. of course they are not going to be able to protect you from frontrunning.
And bancor is not solving shit. not even its own problems. 1inch is by far the superior dex
Can I buy 1inch?
it seems that v2 has been a failure?
im surprised frontrunning would be an issue if they are getting prices from Chainlink, is Chainlink just too slow?
if you cash in your linkies probably
it has been an unmitigated disaster
chainlink is a meme coin user. it doesn't do anything.
Checked pretty based honestly
>tfw american can't provide liquidity
why has the # of traders continuously gone down since the launch of V2?
is it due to lack of pools?
when more v2 pools are added and existing caps are removed, bnt holders will finally be able to make good passive income by providing liquidity and get a portion of trading fees in return. Once that happens, majority of holders will withdraw their bnt from exchanges to put into the v2 liquidity pools, sell pressure will drop and the price will skyrocket. As a bonus there are only 69 million tokens in total so the potential for it to go double digits is definitely there.
It's due to high fees (bancor has always been more expensive than uniswap) and the fact that the team is tweaking the contracts continuously.
It is because the team is still tweaking and balancing the V2 code. On release it was working as expected, really low slippage etc (on 500k liquidity already beats uniswap).
Only thing was that the fee's were a bit higher as other dexes. They are trying to optimize the product now so it takes less transaction fee's.
Thats what i know from being in the telegram.
whale alert triggered for BNT selling...