Continued from Bancor 3 will be released soon which will allow unlimited staking. Also they will have a button that will allow you to transfer your liquidity from uniswap, sushi, etc. over to Bancor. This will suck all liquidity into the superior protocol. No more impermanent loss. Token price will likely go up at least 10x over the next 1-2 years, taking its rightful spot in the top 20.
Bancor General 2
William Lopez
Owen Hernandez
>links
app.bancor.network
il.wtf
stakingpool.space
>What is Bancor?
Bancor is a DEX that has exclusive features: single sided staking of assets and impermanent loss protection. Any of the 200+ whitelisted tokens can be staked to earn a yield with no risk of loss.
>Why make this general? Why now?
Bancor version 3 aka B3 or (B,3) is going to be released in the next few months. It will be the undisputed king of DeFi. DAOs have already started to migrate their treasuries, in whole or in part, to Bancor because they are smart money and they understand the power of Bancor and want their foot in the door before B3 is released.
>Which DAO's have moved to Bancor (so far)?
twitter.com
twitter.com
Harvest.Finance
Yearn
Rook
Bond
DAO Maker
UMA
IDLE
Saffron
>Who else is moving to bancor?
LINK MARINES: twitter.com
Grayson Gutierrez
thinking of throwing another $10000 at this
David Long
good idea
Jacob Russell
unlimited staking means low apy's, and will kill all popular pools
omnipool will cut gas by half, so you are still paying $200+ to interact, and you kill BNT's staking returns.
7 day hold to withdraw is pants on head retarded
impermanent loss happens, they never fixed it. they have some hair brained scheme where they give you more bnt if they can't comp your original tokens. if your tkn is in a supply crunch, with slippage and price impact you will NEVER get your full rewards even if you exchange them from token
none of this matter cause the team cant ever do what they say will do anyways.
Lucas Morales
Just heard on the community call that they poached a marketing specialist from Crypto.com. definitely looking forward to better marketing from them
Aaron Taylor
I am just so disappointed in Bancor. It's over
Aiden Powell
>released soon
yes but when?
Cameron James
APYs are only low if the pool size increases. how will it kill the pool? if everyone leaves the pool then APYs will skyrocket. it will reach an equilibrium with the rest of the market, but i imagine the pool sizes will only increase because people want IL protection.
on the point of IL protection, you can see data for it on their dune analytics board. the protocol rarely pays out in BNT, and V3 optimizes this further. they expect payouts in BNT only in very extreme cases.
also based on the amount of LINK liquidity leaving protocols like Uniswap i imagine liquidity providers will think the short lockup period is worth the IL protection
Connor Ramirez
4-6 weeks. they're waiting on audits and finalizing their bug bounty program
Josiah Flores
THIS IS A MARKETING THREAD. Bancor CEO IS paying indians to spam here about Bancor.
CONVERSATION IN THIS THREAD NOT ORGANIC ITS PAID SHILLS TALKING TO EACH OTHER
Liam Gutierrez
>APYs are only low if the pool size increases.
What part of unlimited pool size do you not understand? No matter how you skin it, the apy's will be lower than they are now with limited pool sizes. Maybe they settle somewhere in 2%-5%, if you're lucky, and you can get better apy other places.
Eli Smith
i'm not too convinced of that, was waiting for months on arbitrum, now they've pivoted to muh v3
Justin Thomas
is this "bancor CEO" in the room with us right now?
Adrian Ward
>you can get better apy at other places
No you don’t kek
Samuel Myers
GOOD INVESTMENT SIRS YES BUY BANCOR COIN
CLEAN IT UP JANNIES
Connor Moore
okay but you said it will "kill the pools" but i guess you just meant that APYs will decrease.
they're trying to get a ton of liquidity, enough to contend with trades on concentrated liquidity pools. this combined with the single hop trades on v3 means that the best swap prices will be on Bancor, so even if users keep trading on protocols like Uniswap then arbitrage bots will be able to capitalize on the loss that users faced trading on less efficient pools and reflect those trades on Bancor. in this case the very deep liquidity pools could result in more profit for LPs.
and this is without factoring in their plans for superfluid liquidity and flash loan support which could bring a ton of revenue to the pools
Brandon Hernandez
i'm just relaying what the team said, but it does sound like the main hold up is just audits
Justin Edwards
>unlimited staking means low apy's, and will kill all popular pools
with no other changes, yes, but transactions will be much cheaper than they are now. theyre going from 2-hop trades to virtualized one hop (meaning cheaper than transactions on sushi or uni v3). this will greatly increase volume from aggregators at the very least.
youre also missing the composability of bnTKN. bnTKN is a receipt for TKN in the protocol plus the accrued fees. this means youll be able to use bnTKN to earn yield in other places for yield.
>omnipool will cut gas by half, so you are still paying $200+ to interact, and you kill BNT's staking returns.
not sure what you mean by this. staking interactions will be much much cheaper than they are now, probably more than 50%
>7 day hold to withdraw is pants on head retarded
not unheard of in defi. wish it was shorter but it's the cost of IL insurance
>impermanent loss happens, they never fixed it. they have some hair brained scheme where they give you more bnt if they can't comp your original tokens. if your tkn is in a supply crunch, with slippage and price impact you will NEVER get your full rewards even if you exchange them from token
used to be true. it's going to be extremely rare to receive BNT for IL payouts going forward. its why they are able to take the IL insurance vesting from 100 days to 7 days. the protocol owns shitload of non-BNT that it uses to compensate for IL
>none of this matter cause the team cant ever do what they say will do anyways.
sure thing bud
Grayson Torres
bancor shill cucks are so obvious lmao
Austin Brooks
Bancor has been a biz coin since forever. That's why it never pumps.
The reasoning is that larger pools with low-gas transactions will attract more volume and fees will compensate for any loss in reward apy. So yes, you are right that the reward apy will drop, but that doesn't necessarily mean the overall apy will decrease. But you sound like a bad actor so you probably don't care.
Henry Richardson
So what happens if I have bnt staked in the protocol right now? Will I have to pay gas to move it over to v3 or is this an automatic process? Im worried because I have about 3 positions and gas and bancor is retardedly expensive right now.
John Diaz
They said it will be a one-click migration, but you will still have to pay gas for that one transaction. Hard to say how much it will cost.
Bentley Walker
it's a one click migration that you will have to pay gas for. they are trying to optimize it for gas as much as possible but it is Ethereum so it will still be expensive
Colton Smith
holy fucking shit btfo kek