So Zig Forums why aren't you pooling on a legit project with insane APY?

So Zig Forums why aren't you pooling on a legit project with insane APY?

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Bump

useless to hold unless you are going to provide liquidity.

Providing liquidity gains you up to 500%

Why wouldnt you?

And it's not a degen rugpull scam play

Can you explain more, like i went into dual side bnt/usdc almost a month back, right now if i withdrawl it will be even money, literally, and thats on 10k each side and they apy is like 1%. What is the bait and switch here?

>Providing liquidity gains you up to 500%
yes totally believable yes 500pct gains for just holding a token in a contract oooh yes.

Check the website

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they are just brrr'ing BNT into existance to pay that insane apy. same with their IL protection. not gonna be sustainable.

Is Galia still involved? She's cute.

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How much is your current APR user?

Thats how i feel about most of these yield farm projects, they eventually die when nobody wants to buy the farmed tokens anymore.

BNT is a much more professional project though

< 0.000001 USDC
0.29%
1d
1.28%
1w
3.53%

Wouldn't that add up to 200%+ progressively through the year?

I am retarded.

For a couple reasons, short of a rug, really should just go all in here right?

Haha, no worries.

Idk user, I'm not really shilling was hoping for more of a discussion, but I bought in and started LPing. As far as DeFi projects go I think this one is legit and has high rewards at the moment.

I don't know either, I have 20k usd bancor pools and I guess if it really is 1% per day and you get full imper loss protection after 90 days, i should be going in deeper on this and not just toe dipping. I wish I understood it better..

>Thats how i feel about most of these yield farm projects, they eventually die when nobody wants to buy the farmed tokens anymore.

is that what happens here? genuinely do not know, I didn't think they were minting BNT here, the contract does not allow no? the BNT is coming from somewhere though.

Yes they are printing more bnt and giving it out proportionally to liquidity providers. This way the incentive for bnt holders is to stake more and more. It also guarantees liquidity and use for the token since it's the backbone of the protocol.

More liquidity -> cheaper trades -> more trades -> more fees earned -> more liquidity

The bnt tokens printed are not just a farming pumpamental, its to attract initial lp's to start using the platform. Even if the rewards go down over time, there still is a solid exchange to use, regardless.

so is single side vs dual side different?
The dual side payout is pool tokens.
The single side is self explanatory.

Is one way or the other obviously better?

It should be the same. As far as I know there's no pool tokens anymore and you just insert your tokens in the system, could be wrong tho. The only big difference you should pay attention to is bnt rewards are way higher than the token that it's paired with so it pays to stake in bnt.

>you are going to provide liquidity
liquidity for which pairs?
What about impermanent loss?

Could you explain this to me please?
You put Link and Bancor in equal ratio and what is the APY?

>What about impermanent loss?
so, there deal is, if you stay in the pool for 90 days, they give full imperm loss protection via the fee structure.

i can't say for link, not in that pool, but the USDC pool and its 268% / 76% and the payout is ~1.2% daily/3.52% weekly.

You’re both

>if you stay in the pool for 90 days, they give full imperm loss protection via the fee structure
How to avoid impermanent loss and when does it occurrr?

Bancor is literally unstoppable... it's happening!!!