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no official announcement but a guide was published on how to do this and news is gonna get out soon. can also verify i see single token staking option on the app. app.bancor.network
Bancor single token staking with no imp loss is here!!!!!!!!!!!!
Connor Carter
Brody Scott
gtfo pajeet
nobody is interested in your shitty scam
they already lied about being able to deliver many things before and never delivered them like pajeet scammers they are
Jonathan Martin
you clearly hate money.
Justin Young
Bancor is a nice project, but the token BMT won't make you rich. The elastic supply will hold the price down from here onward. So no moon, BNT will act very stable coin like guys.
Kevin Cook
BNT can't moon. This new elastic supply acts as a price stabilizer of the token now. so sure invest in single sided pools of other tokens you want to long, but BNT won't have dramatic price movement like moon boys thinks.
Cameron Roberts
you do know SNX has a very similar model right?
Thomas Roberts
Yeah this is nice but the new token model will never allow for BNT to moon as it is an elastic supply token model. Cool product though :)
Tyler Sullivan
delet
Eli Moore
samefag
Oliver Rodriguez
>moons
Dylan Nguyen
this is actually big. $20 EOY
Hudson Williams
>
x
Ethan Johnson
Accept it man. Single sided, no imp loss staking is a huge deal. But the benefits and moon potential all go towards the other projects that come aboard the Bancor protocol not really BNT itself.
Luis Sanders
Governance will make it so BNT holders are the ultimate benefactors of whatever happens. Staking rewards for BNT holders are inevitably coming next.
Aaron Taylor
If u actually read in to the topic of V2.1 u will come to understand there will be more deflation as inflation. Thats just how the system works. Obviously on some days there may be more inflation but looking at longer time frames there will always be more deflation (by burning the BNT fee's earned by the protocol).
Bancor will not attract the average degenerate yield farmer, hopping from coin to coin.
Instead Bancor will attract liquidity providers who plan on staying for long term. Simply because that removes the risk of impermanent loss for them.
Now think, projects working in this space who are funded in Eth for example could never put their capital to work (by earing fee's in defi). Because they coudn't provide ONLY eth + there was a risk of impermanent loss.
These big stacks will flow in Bancor.
Some call it 'institutions'.
Oliver Carter
Mic drop. Bancor v2.1 is a completely revolutionary innovation in LPs. Please do your homework or get BFTO. Bancor solved the single greatest issue plaguing AMMs.
Grayson Davis
>he gets it
10 Baifus for you sir.
Ethan Wood
So you're saying the way to go here is to stake ETH.
Alexander Hall
>2.1 launced
>price hardly moves
Lucas Taylor
> So you're saying the way to go here is to stake ETH.
Yes. There will be fucktards buying BNT and eating up all your inflation losses, as aways.
Jacob Morgan
wtf there's still pool caps?
Chase Gomez
no. the protocol can’t hold more than 50% of the BNT in the pool or more than 500K BNT in a pool. but there's no limit on liquidity.
Gavin Lopez
So sad.
Promised so much.
But in reality:
Can’t Solve Impermanent Loss? Ok, let’s insure it
.......... overpromised at its best
Isaac Watson
isn't 500K BNT the cap then? cause I get this when if I try to add to REN pool
Mason Campbell
But be prepared when a market dump happens!
As the pools are matched against BNT, the option value can increase when either BNT value decreases or token value increasesd. A large BNT price decrease is a systematic issue as this affects the IL across all protected pools – this could lead to a downward spiral as LPs pull liquidity all at once and dump BNT further suppressing its price.
Thomas Jackson
it IS solved you dumbo
Adrian Adams
that could be the old v2 pool. go in through the protection interface and try to stake
Julian Lewis
It's not.
There is no way for AMMs to avoid Impermanent loss. Yudi from Bancor even admits it.
So they insured pools .... with BNT.
And when a market dump happens and LPs panick - your BNT will blow off in a death spiral and pools will be drained.
But hey, not many peeps understand it.
Isaac Phillips
it literally says "this is a new V2 beta version" lmao. This is so confusing
James Young
why didn't they only do the single side LP instead of insuring for people who provide 50/50 liquidty? wouldn't this get rid of the elastic supply problem?
Grayson Young
think thats a UI bug, cuz v2.1 is not beta anymore. its the full product.