Announcing Bancor governance & the Bancor v2.1 upgrade!

more big buy offers are popping up. this is gonna go to 14k at least \

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article doesn't sound bullish to me, like v2 was a complete failure

why are bulls so massively popping up and buying then? volume doubled in an hour and is still going up.

I think they hit a few issues with their audit that took longer to fix, as they just had those limited pools. My guess is that they wanted additional features included and to address any issues that might lead to another hack.Shits gonna blow up.

14k is FUD desu

i know its going much higher, but this candle will go to 14k before the cooldown is what im expecting.

it went up 20%, like everything els did in the bulltrap.... I am still not listening user. This shit will dump right back to 1 when we go bear again.

I listened. I saw your post and yesterday switched my BNB in BNT. Thanks friend, hope you'll make it big, you deserve it.

really not that big a pump

to be fair v2 was completely unreasonable, fixing several "unfixable" problems at once

now link is out the window completely, and it's just some insurance protocol that tries to cover your impermanent loss from all the other bancor pools - surely vampires will find a way to just drain the majority of pools at once to a point where the insurance can't cover it anymore?

"Even a developer copying the entire code of the protocol will not have the risk-taking Bancor protocol in the background, and this risk-taking, combined with the BNT community, is the core of Bancor’s unique value proposition."

we scrapped our innovations since uniswap would just copypaste it

"our value proposition is risk-taking and our community" sounds like a sub 1 mio market cap shitcoin now

i went all in at 0,75-0,90, thanks user

Mmmmmm new pasta

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fug. maybe i should sell.

i bought at ~$1.40 pre v2 launch and really wanted to believe that shit would work out. sold around ~$2.20, it then went up to $2.80 and dumped to hell like everything else

rebought at $0.86 a few days ago but sold half now. if the value proposition is the risk-taking protocol, why can it not be copied, is it some closed source blackbox magically insuring our impermanent losses? value proposition is the deep infinite pockets of the bancor community? oof, might keep half but this really doesn't look so great. hopefully eth fees won't be 10x that of the competition now that shit seems far less complicated.

nothing wrong with taking profits, im trading this but also keeping a part cause of the dream i had about bancor. m just waiting for the end of this pump and then i'll sell part, hopefully be able to pick back up lower. if not, thats fine too, gotta learn not being a bagholder

I usually sell too early and I feel like selling so its probably too early. gotta wait a few more hours to see if it does a conitnued pump

Well, this was underwhelming.

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Some of you are true retards. Effectively solving impermanent loss is a huge thing for AMM's. Coupled with Single Side liquidity provision can attract massive whales and dev funds that have no interest in selling their holdings but still want to earn fees with their capital. This is now possible. This means Bancor will have the most liquid pools, which means it will attract most trades. (Remember DEX volume exploded last couple of months.) And best of all, through the burning mechanism the earnings will translate back to BNT holders. Liquidity black hole is still happening. This shit will pull an Aave and will 10x from here AT LEAST. It's still not too late to get in faggots.

oof just what i needed. im hodling.. laterino1

Don't let them fud you out user. Bancor was undervalued as it was. With these changes it has significant upside.
Also remember, this is v2.1. Liquidity amplification is probably still on the table.
And we will still get Coinbase as it was on the shortlist and Draper and co will want it listed. Governance functionality was a criterium that has now been fulfilled. Don't underestimate what these jews will fo to pump this.

>now link is out the window completely, and it's just some insurance protocol that tries to cover your impermanent loss from all the other bancor pools
Exactly.
>surely vampires will find a way to just drain the majority of pools at once to a point where the insurance can't cover it anymore?
But this is wrong. IL is unpredictable in the sense that it happens to tokens that experience a large price change. So before being a LP would mean betting on a period of low volatility for the token you're providing to benefit from fees. Basically a betting casino on non-volatility is the only reason anyone is LPing (and governance token ponzis as the article pointed out)

But they propose a system where all liquidity pools cover the IL. So you are no longer betting on the volatility casino, you can provide liquidity and rest assured that you will reap fees or at the very least have very low IL (in the case of high volatility across the board). It's brilliant.
The vampires still profit from arbitraging a price change. But their leeching is spread across all pools including the ones with no volatility, so for LPs the betting aspect is removed.

Unironically this is a better deal than any other protocol.
Unironically this will be a liquidity black hole.

I've wanted to buy back in ever since the dump but honestly I lost major major confidence in the team. 2.0 was a total fucking flop. It just feels like they're moving the goal posts. Once this release is a flop, when is 2.664 coming that's FINALLY the REAL one?

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This big brain gets it.

Bottom line is everyone can now proft from decentralized trading volume. This was not possible before. CEX's are history. WE ARE the exchange.

The problem with oracles was frontrunning. You are right that this is a new solution. But it's actually a brilliant solution.
Read the article.