it was great talking with all the bancor employees defending their protocol. lets do it again! THREE MILLION LINK PENDING WITHDRAWAL.
Bancor
Elijah Torres
Camden Evans
over 3 million LINK pending withdrawal
>etherscan.io
Wyatt Taylor
people are getting around 60% of their LINK back, the rest in BNT which they promptly sell to try to make their LINK stack whole. heres one of the latest withdrawals
>etherscan.io
Jaxson Sanchez
is this v2 or v3? I thought v3 did away with the BNT thing to make it whole
Caleb Barnes
this is v3. as we know from yesterday, v2 still instantly withdraw and you get all your link, but BNT rewards locked for 24 hours. V3 you have to wait 7 days, and then you get back 60% of your LINK + fresh BNT
Jaxson Bell
Link short squeeze possible, thread here:
Don't keep a single link outside of your wallet. There likely aren't enough to go around across CEXs
Hudson Bailey
Honestly the timing of this with the LINK short squeeze is pretty epic. Some percentage of 3 million LINK being market bought by people withdrawing. Bad for BNT but an extra bit of flavour in the "fuck the LINK shorters" narrative.
Blake Ward
Why are people so fucking stupid
We've had the highest volatility lately in a long time and liquidity is still fragmented and not as high as it will be
Literally the dumbest time to withdraw
But hey that's how markets work
I profit off your fear and your mania
Brody Thomas
Excellent thread my nigga. Glad I can be of some service.
-Jason Parser
you're a stupid nigger. IL happens on v2.1 as well and has been for months.
Justin Morales
Except if bnt goes down u lose ur link, so is it worth it?
Alexander Ramirez
You would be wrong.
Aiden Evans
This is funny to the shorter though. 3 millions withdrawal on bancor, most of them will receive bnt and then they will market buy their stack back. Meaning the shorter is going to get rekt hard with this one
Evan Harris
where can you short BNT?
Wyatt Cook
Don't forget to pay your taxes when bancor swaps your link to bnt!
Wyatt Myers
Tax or lose ur link. Not a hard choice
Jayden Ward
It's honestly perfect timing. Pretty much guaranteed 500k-1m LINK getting market bought. I hope the chink shorters are reading this right now.
Joshua Thompson
fucking lol
Ryder Butler
its celsius bro
they had a shitload of eth and link on bnt and had to withdraw
Jordan Johnson
I have a feeling it’s Celsius. They are really shooting themselves in the foot with this one. Short link because they are going bankrupt, disrupt bancor causing a mass withdrawal and going to squeeze their shorts when people buy back. Hahahahah
Charles Wood
And they dumped literally millions of BNT. Sucks as a BNT holder but honestly if your protocol can't survive this sort of shit then it doesn't deserve to make it.
Dominic Sullivan
That would actually be the worst outcome as Celsius would dump their BNT but not convert it to LINK. It would be better if it's LINK whales covering their asses who intend to buy straight back into LINK with whatever BNT they get paid out.
Angel Perry
buddy give me some on chain evidence from yesterday then. yesterday we had people taking their LINK off v2 and getting it all. i got all my link when i took it off v2 several months ago
Owen Campbell
the timing is NUTS and there is no such thing as coincidence in my frame of reference
Easton Miller
I don’t think that 3 millions belongs to them, maybe partial. I know most are marines, I myself included
Adrian Campbell
It's a dumb ponzi. You solve the IL by printing but, it's literally been this way the whole fucking time.
When the bnt price dips you get a death spiral.
Jose Russell
Delicious.
Carter Brooks
so mass withdrawal, linkies swap bnt back into link, those still LPing rake in massive fees, bnt dumps but afterwards stabilizes and then recovers as people realize this wasn't some LUNA death spiral situation, people realize the protocol works as intended and Bancor proves its robustness. sounds good to me
Ethan Ward
For ur sake I hope u are right. For bancor they better slow down the dump or stabilised bancor before their short get squeezed lmao
Thomas Miller
>For bancor
I mean Celsius not bancor