BNT

HaXr_L33T

Glad to hear that. I have some even smaller amounts of OGN, BNT, COMP, SUSHI, POND, FIL, LCX as well

robomartin

Going with 150+ on CoinGecko (some may be too high cap for you): CELO, LRC, KSM, CKB, BNT, DBI Just some fun suggestions. I don’t have any of them. It’s not a game I’m playing this time around. I’m not selling BTC and ETH to buy this stuff and I already feel over allocated to crypto. So it’s just not in the cards for me. Good luck

Rez1009

BNT. This coin had the audacity to liquidate my $24 futures accounts account the other night lol. Had a Sell position, thinking this coins gonna tank. Liquidation price was 1.89, the coined pumped to 1.97, but 1/2 later I would have been in profit, then it tanked in the early hours . 🙄

DudzTx

Link, VET, ICX, BNT - that is all. Enjoy your moon missions

Rez1009

Yeah , ive noticed the huge gains on BNT in the past few days. Looks fishy, wonder how long this pump can go on for

DudzTx

Link, VET, ICX, BNT - that is all. Enjoy your 🚀 everyone

New_Reputation

$BNT up 50% today because its dev is from Israel. degens gonna degens

coinfeeds-bot

tldr; Coinbase will delist 80 non-USD trading pairs from several of its platforms on October 16, 2023, in an effort to improve overall market health and consolidate liquidity. The affected pairs include ACH-USDT, BNT-BTC, SUSHI-BTC, SUSHI-ETH, ZRX-BTC, ZRX-EUR, and others. Coinbase Advanced Trade users in eligible regions can continue trading these delisted pairs using USDC balances. This move follows Coinbase's previous delisting of certain trading services in September and the relisting of Ripple's XRP token in July. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

jonfoxsaid

I agree with that for most people. But on networks where gas fees are low they can end up really profitable if you view then as a strategic trade instead of earning passive income. Obviously it requires great timing but if you can enter a pool at a very low point or a point where you can ride put the curve they can be extremely profitable assuming the fees and rewards for said pool are on point. Obviously for most people there are better ways to trade but I just don't like the idea that there os no point in providing liquidity ... if you can afford to monitor the pool and the charts and it's all a calculated risk than more power to you. I have made some really good money in liquidity pools ... I have also lost money. I made a post on here a while back about how one of the most profitable trades I ever made was an LM position on bancor that started out with $200 on each side of LINK/BNT ... at the height of that cycle my position was worth around 5k with rewards and everything factored in. I decided to continue to hold that position for some asanine reason and went on to loose everything I earned ... decided I would hold out till next cycle and then during the whole FTX thing bancor failed and ended up on life support. I decided to sell off my position to buy moons and at the time I did that I had earned almost 600 BNT in rewards (3 times what I staked) and I was still at a loss. So yeah ... can be very profitable but also very not just as fast.

Rerere3535

It was Bancor (BNT). How do I find the wallet information? I can provide it to you!

fanriver

I haven't cared about BNT for a long time

bvandepol

Never heard of ‘Bancor’ (BNT), but my CEX is spamming me with price notifications. +58% on the week?! Anybody familiar with BNT?

bvandepol

Never heard of ‘Bancor’ (BNT), but my CEX is spamming me with price notifications. +58% on the week?! Anybody familiar with BNT?

Kingkong_smoldong

What is BNT?

Kindly-Wolf6919

Just goes to show that shit coins make it into the top 100 spot and good projects get pushed out of the spotlight because of hype and shitcoin shilling. I've never even heard of BNT till this post but thanks for letting me know.

JacksBlackShadow

Yep - just goes to show how "new" the average CC user is to the space. To expand a little on your point, and because the story is quite interesting and clearly a lot of people in this sub don't know it.... Bancor were the team that [invented the first AMM (Automated Market Maker)](https://www.thetie.io/insights/research/bancor-history/) which you've rightly noted "inspired" UniSwap and the now ubiquitous Uni-style AMMs across DeFi. Their AMM offered "impermanent loss protection" by pairing all tokens with BNT, which would be minted when creating an LP position and then burnt when closing - and if the position had experienced impermanent loss, part of the BNT would be sold (instead of burnt) to make the position whole. They suffered a major problem during the turmoil in May 2022 with Luna/UST bringing the entire crypto market down. 3AC fell, and so did Celsius. Both companies had hundreds of millions of customer money in LP positions in Bancor - and both had accrued very large positions of BNT from staking rewards. Celsius exited its Bancor positions, dumped all its BNT on the market and opening short positions of BNT on FTX. This tanked the price of BNT, which meant all the Bancor pools were now subject to large impermanent loss - and as explained above, Bancor's mechanism to deal with IL was to sell BNT - which put even more downward pressure on the price, leading to the effective collapse of the protocol. Carbon is their new protocol - and it definitely seems promising - they claim it's [far more profitable for LP providers](https://youtu.be/b2s3Zw1hHGE) when compared to traditional Uni V2 AMMs and even those with concentrated liquidity (Uni v3). Hopefully it succeeds because it does look like something truly innovative in DeFi, but it's going to take a lot of work to convince those burnt by the Bancor v3 collapse.

haste18

Fun to read that most here don't know what $BNT is. Bancor has been around for 6 years. They're the pioneers of DeFi and basically Uniswap copied the tech from them. Bancor released a new product called Carbon ([https://app.carbondefi.xyz/](https://app.carbondefi.xyz/)). A fully decentralized protocol for automating onchain trading strategies.

Nickanator8

Wtf is BNT?

Kappatalizable

I dont even know what BNT is lmao. This sounds like a pump and dump tbh

tambaybtc

I don’t even know what is BNT 😁

dcdplex

I don't know what is BNT, but my spider sense is tingling when something is about to drop.

jonfoxsaid

How long have you been trading/buying crypto ? I feel like over a long enough time line you should have some sort of luck haha. If it makes you feel better This is the only time I have had this happen with a token AND it is also eclipsed by another trad I made via providing liquidity on Bancor to BNT/LINK where I made about $5000 and then lost all of it because I decided not to sell (I actually made a post about that one as well).

jonfoxsaid

I regret buying into BNT. I regret selling my ETH ... bought all of it below $300 and started selling at $1,000 ... my highest sale was somewhere around 3k. I needed the money at the time badly so I kind of did not have a choice but still, wish I could have talked myself in to finding another way.

jonfoxsaid

Oh yeah, I definitely learned my lesson. It's honestly funny because I normally follow my exit strategies very strictly no matter what. I would rather be conservative and lock in profits than have something like this happen. When the price started taking of and i decided not to add more I planned to pull out the position and sell when BNT hit $8 based on what it did last cycle I thought that was conservative and it would go much higher. After that I got caught up in the hype of bancor 3 and I did expect prices to go super low but return during the next bull run. I have learned a lot of shit during the past few years and now realize that no matter how stable a platform seems it can all collapse in an instant.

Bizness_boi

>Bancor, a prominent player in the DeFi space, has found itself at the center of a class-action lawsuit filed in the U.S. District Court for the Western District of Texas. The suit also targets its operator, BProtocol Foundation, and its founders, which claims Bancor deceived investors about its impermanent loss protection mechanism (ILP) and operated as an unregistered security. The lawsuit comprises six charges against the defendants, including violations of the Securities Act of 1933 and the Exchange Act of 1934, breach of contract, and unjust enrichment. Bancor cryptocurrency airdrop set for New Years Eve Decentralized exchange (DEX) protocol Bancor today announced its airdrop that’ll line the pockets of over 60,000 BNT holders will commence at midnight on New Year’s Eve. Bancor customers holding the network’s native token, BNT at the time of the snapshot will be rewarded with 10% of their holdings in a newly created token known as “ETHBNT.” The new token will additionally generate fees whenever someone makes a conversion involving ether (ETH) on the Bancor platform. “We hope this event will in... The BProtocol Foundation, established in 2017 by Bancor Protocol's founders, was a pioneer in the world of DeFi, which lets traders swap in and out of trades via liquidity pools. These pools are smart contracts that contain crypto tokens, supplied by the platform's users. In return for providing these tokens, users receive a share of the transaction fees generated by traders on the platform. Liquidity pools are powered by self-executing smart contracts, which don't require intermediaries for functionality. They rely on automated market makers (AMMs), a concept first introduced by Bancor Protocol in 2017, to maintain balance within the pools via mathematical formulas. However, imbalances can occur, incurring losses for liquidity providers. Impermanent loss and Bancor When the value of a liquidity provider's (LP) assets in a decentralized exchange (DEX) decreases due to price volatility in the liquidity pool, this can lead to what is known as an impermanent loss. This loss can be mitigated if the relative prices of tokens in the pool return to their original state before the LP withdraws their stake. But if the LP exits before this price realignment, the loss becomes permanent. Critically, Bancor's v2.1 product, unveiled in October 2020, promised investors protection against such losses. This feature played a significant role in attracting over $2.3 billion in crypto assets to the protocol. The lawsuit, however, argues that this ILP mechanism was a false promise. Explained: Bancor unloads some $2.3 million ether on users to encourage decentralized governance Decentralised exchange protocol Bancor will soon be airdropping what could amount to millions of dollars’ worth of ether onto holders of its proprietary token, BNT. Through a complex mechanism known as “staking,” the ether gifted will allow users to essentially run their own micro-exchanges on the platform. The idea is to jumpstart a colorful—and more importantly, liquid—economy of crypto-tokens, and onboard new users from outside of crypto. Here's how it works: Bancor functions as a network o... It alleges that Bancor's v2.1 operated at a deficit, of which the defendants were aware and attempted to mask by introducing a new product, v3. This new offering promised "some of the most competitive returns anywhere \[…\] without asking users to take on any risk." On June 19, 2022, Bancor suspended its ILP in response to a surge in withdrawals, resulting in substantial losses for investors. The lawsuit also challenges the degree of control the defendants maintained over the operations of the platform, contradicting the decentralized ethos of a DAO. This control allegedly extended to the organization's capital, employees, and code, and involved manipulation and domination of Bancor DAO. Are ‘Paid Shills’ Saying Bancor is Centralized? Confusion reigned Monday after crypto news outlet Crypto Briefing denounced decentralized exchange Bancor's decision to block US users from its user interface as “centralized, censorship, and an oxymoron.” A week prior, Bancor had announced that it would be “geofencing” bancor.network, the on-ramp to its trading protocol, from US investors in the wake of increased regulatory uncertainty. But critics, Crypto Briefing among them, cried that the whole point of Bancor was that it was fully decentra... Additionally, the plaintiffs contend that the LP Program should be recognized as a binding investment contract and thus classified as a security under U.S. law. They assert that the defendants failed to adhere to the pertinent registration and disclosure requirements. Had these requirements been met, the plaintiffs argue, they would not have invested in the LP program. The plaintiffs claim losses nearing 50% of their LP Program investment, equating to tens of millions of dollars for U.S. retail investors. They are therefore seeking restitution, damages, and interest. BProtocol did not immediately respond to Decrypt's request for comment. I'm monitoring this myself, since I've still got stuff locked in bancor personally

RedChief

I have ETH that was earning BNT until that got frozen. If I want to pull it out now I lose 75% of what I put in. Can't believe they are holding on to the crypto and stopped the BNT generation. As soon as we hit bull I'm pulling funds and not placing them in Bancor any more.

rotbettow

Good call, it's nice seeing they are taking proactive measures to protect their users by burning the Vortex v3 captured BNT tokens. It's reassuring to see a decentralized exchange platform prioritize security and stability.

letsgetbit

I bought BNT at ICO but I wouldn’t trust anyone associated with Bancor. They messed up the last update so bad they had to steal users liquidity and demand a payment in Bancor governance token to withdraw their own funds.

coinfeeds-bot

tldr; The Bancor DAO has approved a proposal to use 100% of fees earned by the Carbon protocol to buy and burn BNT. Carbon is a new DeFi protocol for advanced automated trading strategies. It aims to be the first protocol to offer fully on-chain limit orders, a key trading primitive still missing from decentralized exchanges. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*

botzko2

An international operation against a large-scale scheme for financial crimes, money laundering and violations of international sanctions against Russia is currently underway in Sofia, BNT reported. The offices of a Bulgarian company that trades crypto-currencies all over the world are being searched. There are prosecutors, investigators from the National Investigation and DANS employees on the spot. The action is against the company NEXO. One of the co-founders is Antoni Trenchev, a former deputy of the Reform Bloc. The firm trades cryptocurrencies in the US, Switzerland, UK and known offshore destinations. No arrests have been made yet. Police have also been seen in front of luxury properties associated with the company's owners. The company's operations were carried out from Sofia, and depositors were invited to invest in bitcoins and other types of cryptocurrencies, with promises of high returns. The interest rates that investors would receive were many times higher than those of classic banking institutions and various brokerage houses. There are reports that the owners of the company, who are Bulgarians, have appropriated part of the assets amounting to several billion dollars. The investigation into the activities of the crypto company in our country began a few months ago, after foreign services detected suspicious transactions, which were reported to be aimed at circumventing the sanctions imposed by the European Union, Great Britain and the United States against Russian banks, as well as companies and citizens from Russia. The suspicions are that the Bulgarians behind the large company acted according to the scheme of Ruzha Ignatova and the OneCoin pyramid led by her. In late September, eight US states announced that they were taking action against crypto platform Nexo Group over unregistered interest-bearing crypto products, Investor reported at the time. State regulators in California, Kentucky, New York, Maryland, Oklahoma, South Carolina, Washington and Vermont accuse Nexo of offering customers interest-bearing products that were not previously registered as securities and did not provide the necessary information about them . As of July 31, 2022, more than 93,318 users located in the US have invested more than $800 million in company accounts. New York Attorney General Leticia James filed a lawsuit against the platform after more than 10,000 residents of the state were affected.

FreePrinciple270

ETH, CRV, AMP, LTC, AXS, BAL, REN, BNT - at a glance all of them are up over 3%.

99Thebigdady

Ok so let's say you got ETH... You can lend your ETH on the optimism layer 2. There you get 1% APY + 2.5% APY in $OP tokens. Then you borrow let's say USDT, effectively going long on ETH (using leverage). Current borrow interest rate is 3.4%, but you also get rewards in $OP Tokens at 1.6% rate. Good job, now you are earning 1.6% a year for borrowing something, but be careful, you are leveraged... Now with that USDT you borrowed, you can naviguate through defi apps, like [yearn.finance](https://yearn.finance). These apps have vaults for particular tokens and yield farming techniques already implemented for them, everything is clear as water , just verify. Currently the USDT has a brand new vault and APY isn't known, (expect an additionnal 2%). Maybe you can also go on [curve.finance](https://curve.finance) and provide liquidity there at 1% APY + stake that pool token you will earn for about 7% APY in additional $CURVE rewards. Or stake that into [convexfinance.com](https://convexfinance.com) pools to get about 16% APY in $CVX/$CURVE rewards.. To yield farm you need to do a lot of research and understand how defi apps works. it can also cost a lot in fees if you only do this with small amounts of crypto.. Usually you want to chase new protocols that have liquidity mining rewards activated, effectively inflation of a token to attract liquidity and users. Optimism is currently having many liquidity mining programs.. thats why yields are boosted on lets say AAVE. In the past Bancor was giving up to 35% APY on USDT in $BNT tokens. it was pretty neat.. just gotta look around, find yields, borrow for less , and provide for more... It's easier in bull markets though. And you dont have to use leverage, this is just a bit more risky and fun imo

flatpak2021_08_2021

this article from May 31 is shilling Bancor as "sustainable" on chain liquidity meanwhile Bancor's solution of just printing more BNT collapsed last week

cryptolover183

NEXO are bankrupt. They took a -46% loss just in their BNT link pool. Proof here: https://etherscan.io/tx/0x54ddcd45dafedd741cd82b81ee42b45c5c929916777982c2687931ad767d4161 I would remove any funds you have immediately.

Drainstink

Bancor had to turn off impermanent loss protector to defend itself from yet another bad actor. That means that people who had assets in for a long time took about a 50% haircut on whatever they chose to withdraw as the extra was no longer paid out in BNT to make them whole. Nexo withdrew and lost 50% right here. Compare how much they deposited (first action) to how much they got out at the bottom. https://etherscan.io/tx/0x0d50c7739e81b9ff1c954f2f11beddc70c1770e32921ec3067154ae18ce0be12

cryptolipto

I bet the team is dumping farmed tokens like BNT and then buying spot CEL to pump the price of the token so they don’t go completely under

Satoshi-Buterin

What is a Coin? When Bitcoin first came out, it set the standard for what it means to be a coin. There are clear-cut qualities that distinguish crypto coins from tokens, which are similar to real-world money. A coin is defined by the following characteristics: 1. Operates on its blockchain. A blockchain keeps track of all transactions that involve its native crypto coin. When you pay someone with Ethereum, the receipt goes to the Ethereum blockchain. If the same person pays you back later with Bitcoin, the receipt goes to the Bitcoin blockchain. Each transaction is protected by encryption and is accessible by any member of the network. 2. Acts as money. Bitcoin was created for the sole purpose of replacing traditional money. The paradoxical appeal of transparency and anonymity inspired the creation of other coins, including ETH, NEO, and Litecoin. You can purchase merchandise and services from many major corporations today, such as Amazon, Microsoft, and Tesla, using crypto coins. Bitcoin has recently become an official currency of El Salvador alongside the US dollar. 3. Can be mined. You can earn crypto coins in two ways. One is through traditional mining on the Proof of Work system. Bitcoin hunters employ this method to boost their earnings. The problem with this is that there aren't that many Bitcoins left to mine, so the process becomes more arduous every day. The other method is Proof of Stake, which is a more modern approach to earning coins. It's lighter on energy consumption and easier to do. Cardano is one of the biggest coins that adopt this system. What is a Token? Unlike coins, tokens do not have their blockchain. Instead, they operate on other crypto coins' blockchains, such as Ethereum. Some of the most commonly seen tokens on Ethereum include BAT, BNT, Tether, and various stablecoins like the USDC. If crypto coin transactions are handled by blockchain, then tokens rely on smart contracts. They're an array of codes that facilitate trades or payments between users. Each blockchain uses its smart contract. For example, Ethereum uses ERC-20, and NEO uses Nep-5. When a token is spent, it physically moves from one place to another. A great example of this is the trading of NFTs (non-fungible tokens.) They are one-of-a-kind items, so a change in ownership must be manually handled. NFTs often carry only sentimental or artistic value, so in a way, they're similar to utility tokens, except you can't oblige any services. This is different from coins because crypto coins d o not move around; only account balances change. When you transfer money from your bank to someone else's, your money doesn't go anywhere. The bank changed the balances of both accounts and kept the fees. The same thing happens with blockchain - the balance in your wallet changes, and the transaction notes that. Another notable difference between tokens and coins is what they represent. While crypto coins are essentially digital versions of money, tokens can stand for assets or deeds. You can buy tokens with coins, but some tokens can carry more value than any of them. For example, a company's share. However, since there are usually restrictions to where you can spend a token, it doesn't have the liquidity a coin offers. Simply put, a token represents what you own, while a coin denotes what you're capable of owning. On a broader scale of things, tokens existed long before cryptocurrency was a thing. Even today, it has very little to do with crypto at all. Everyone has used a token at least once in their life. That dinner for two vouchers you got in the mail is a token. Your car title is a token. When you sell your car, you transfer the value of that title to someone else. However, you can't go to Microsoft and buy a computer with that title or dinner voucher. Another interesting thing about tokens is how easy it is to create one. Some networks like Ethereum provide templates where you can brand your tokens and start trading. This makes it so anyone with little to no technical knowledge can become a market maker. You'll find a high density of this type of activity on decentralized exchanges, such as Uniswap.

ccModBot

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InterestingStick

I pulled out last week when I got information that BNT inflated 15% during only a few days. Made good money but market is too hot right now. Just as a reminder, when you started staking you probably gave them unlimited approval. If you want, you can remove it here: https://etherscan.io/tokenapprovalchecker

honestlyimeanreally

BNT

Magners17

One of my “exchanges” (it’s an online brokerage that also allows crypto trading; no it’s not Robinhood) added 4 new coins recently. BNT, STORJ, SKL and CHR. I’ve not heard of any of these before. Any of them worth starting a position in?

99Thebigdady

Because you probably got a ton of impermanant loss and bancor covers that impermanant loss in BNT tokens.

damlowink

Happy to see that, good news for Bancor. Even now, when everything is crash BNT remains relatively stable I think the BNT token is still extremely undervalued yet it keeps growing steadily with a TVL of >$1B for over a long a time

Swissprivatebanker

clearly the best dip opportunity in the market today. fantastic tech. BNT will reach 10$ during the next cycle

darmacar

Happy to see that, im its a good news for Bancor. Great project, even now, when everything is crash BNT remains relatively stable I think the BNT token is still extremely undervalued yet it keeps growing steadily with a TVL of >$1B for over a long a time

Xxapexx

Bancor created one of the first impermanent loss free liquidity pools. Normally when providing liquidity there is a risk that you won’t be able to pull out the same number of tokens you put in based on one of the tokens in the pairing (eth-USDC) for example. If eth rips while you provide liquidity you’ll lose ether tokens because normally you put up a stake of 1:1 in terms of dollar value so 1eth and 2600 USDC. When you withdraw you’ll get the equivalent amount of eth to the USDC you deposited. So now eth is worth 5200 you’ll only be able to withdraw .5eth and 2600 USDC assuming there is no staking rewards or anything. This is a bad experience for liquidity providers because they’ve essentially lost half an eth just to provide liquidity. In bancor, you get back an equal number of tokens to what you deposited regardless of how prices have changed. But the even cooler part about it is that you can also do single sided staking. So say you don’t want the volatility exposure that you have with eth, and would rather just be able to stick with stable coins. In most liquidity pools you have to provide both sides, the eth and the USDC, in bancor you only have to provide one side (you can still provide both sides if that is your prerogative). With bancor 2.0 there was a limit, basically you could only stake so much single sided before more BNT had to be staked in the pool to unlock the ability to single side stake the other coin (eth-bnt for this example) so the pool wanted to be 1:1 in terms of value like 1million usd worth of eth and 1million usd worth of bnt. However now with bancor 3.0 there won’t be a limit to the single sided staking. Tl;dr bancor protects you from impermanent loss and with the release of bancor v3 that impermanent loss protection will start from day 1, single sided staking pools should in theory be endless, their smart contracts have been improved and optimized to reduce gas costs.

NoRiskNoReturn

I'm sitting in BNT/LUNA/ETH so I don't really care. Money will flow one way or another.

hlenyriao

Great project "The security of Bancor is paramount and the Bug Bounty aims to incentivize responsible disclosures of any bugs in the new contracts. Rewards are allocated based on the severity of the bug disclosed and awarded up to USD 1 million" Bancor is one of the first cryptos to emerge from defi, yet constantly evolving and staying updated, without mentioning BNT prices which always remain steady.

n1ghsthade

Who has invested in BNT (Bancor)? And if so, why?

coinfeeds-bot

tldr; Social investment network eToro has added Ankr (ANKR), Bancor (BNT), dYdX (DYDX) and 0x (ZRX) to its portfolio of digital assets. Ankr is a Web 3.0 infrastructure provider, offering a globally distributed network of nodes for multi-chain access across 40+ blockchains. DYDX is a decentralised trading platform built on the Ethereum network. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Grayscale Investments has added 25 more crypto assets to its list of assets under consideration for investment products. Algorand (ALGO), Arweave (AR), Axie Infinity (AXS), Bancor (BNT), Bora (BORA), Convex (CVX), Cosmos (ATOM), Decred (DCR), Elrond (EGLD), Enjin (ENJ), Fantom (FTM), Gala *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Dimerien

You can see yield percentages [here](https://app.bancor.network/pools). They are highly competitive, but the gas fees to stake right now are outrageous. It's best for those interested to stack BNT and wait until Bancor 3.0 (not financial advice).

Dimerien

This is true, but the high gas fees are still a massive deterrent for new stakers or folks who are looking to cash out. It's best for those interested to stack BNT and wait until Bancor 3.0 (not financial advice).

Dimerien

Bancor (BNT) solves this!

coinfeeds-bot

tldr; Grayscale DeFi Fund's weighting was rebalanced with the addition of AMP, the Flexa payment network’s native collateral coin. AMP takes up 7.39% of Grayscale's DeFi fund, while Universal Market Access (UMA) and Bancor (BNT) were removed from the fund's token list. This is the second round of rebalancing for the fund since its launch in 2021. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

fanriver

Why BNT?

CunningStunt_1

LINK / BNT (+ some eth for transaction costs) Expecting movements on both early next year.

exotic_jj

Great numbers, for that pirate of time Didn't know what is the difference between Bancor token and VBNT and came here too as decided not to be lazy and check by myself, so here it is: "Bancor uses single-sided liquidity pools that all use the protocol’s native BNT token as their counterpart, which has an elastic supply. Users who wish to add project tokens to a liquidity pool thus only need the project token, as the Bancor protocol can automatically mint any amount of BNT if needed. On the other side, liquidity can also be supplied by BNT holders, which can relieve the protocol from having to mint new tokens. In exchange, they receive vBNT tokens at a 1:1 ratio, which can be used for voting in Bancor DAO’s decentralized governance. This also makes it possible to stake BNT tokens in liquidity, while at the same time using them as collateral for a loan, by selling vBNT temporarily and buying them back in order to unstake BNT."

huntreamol

"The elastic supply of BNT also makes it possible to protect liquidity providers from the effects of Impermanent Loss. The Impermanent Loss insurance was introduced by Bancor in October 2020, albeit with a few restrictions. Initially, Impermanent Loss insurance started to accrue 30 days after depositing project tokens as liquidity and liquidity providers had to wait 100 days to become fully protected" One of the most impressive Bancor features is their instant impermanent Loss Protection system. Users no longer need to wait 100 days for 100% IL protection

Dimerien

Doesn’t yield farming stables carry a similar risk depending on the pool? BNT also offers impermanent loss (IL) to deal with that.

Dimerien

Why do people choose to yield farm stables instead of just staking a solid crypto project? Just preference? I’d prefer to stake ICX, ATOM, BNT, etc. for 10%~ APY while the prices continue to moon.

era207

"In contrast to other AMMs, Bancor uses single-sided liquidity pools that all use the protocol’s native BNT token as their counterpart, which has an elastic supply. Users who wish to add project tokens to a liquidity pool thus only need the project token, as the Bancor protocol can automatically mint any amount of BNT if needed" It literally explaind in the article

nukretix

Recpet, great numbers didnt fully understand the difference between BNT and vBNT

SaltLifeDPP

There are a few projects whose price reflect the overall health of the market. (BARN and BNT come to mind) a year ago I would have said Chainlink, but that has proven to be a faulty theory. So yeah I guess it's just Bitcoin and ETH with rare exception.

BigDaddyCrypto69

Defi is still hella cheap at the moment. With YFI leading the way. Defi season is a real possibility. Keep an eye on COMP, YFI, AAVE, sushi , uni, BNT, BOND, MIR, L2’s like Matic, LRC Oracles like Band, and ofc Link . And obviously ETH

Dimerien

Sure, I'm in on BTC, ETH, WOO, ICX, BNT, and ATOM. I'm in on a couple of others that I'm waiting to exit for various reasons. ATOM's price action has been hard to stomach lately, but it's easy to stake and there are frequent airdrops to collect. ICX's price action has been even more difficult to stomach, but it's even easier to stake and there is a big ICE airdrop coming up. WOO is a new(ish) exchange that is tackling liquidity issues with an expert-level team. This is the one that I'm most excited about. BNT is somewhat of an OG in the defi game. It's almost useless at the moment with absurd gas fees, but V3 is around the corner which should address these issues. It's also easy to stake and is one of the only cyrptos to offer 'impermanent loss' on staked coins.

crezynn

I just googled your question and found a great explanation in their docs section: https://docs.bancor.network/faqs#how-does-impermanent-loss-insurance-work >How does Impermanent Loss Insurance work? >Bancor uses its protocol token, BNT, as the counterpart asset in every pool. Using an elastic BNT supply, the protocol is able to co-invest in pools alongside liquidity providers and pay for the cost of impermanent loss with swap fees earned from its co-investments. If fees earned by the protocol from its co-invested BNT are greater than IL compensation, the protocol is able to offset IL for LPs without emitting new BNT. If there are not sufficient tokens in a pool to fully compensate an LP for IL in the staked ERC20 token, part of the protection may be paid out in an equal value of BNT. >By design, the protection offered by Bancor is earned by LPs over time. When a user makes a new deposit, the cover offered by the protocol increases at a rate of 1% each day the stake remains live, and matures to full protection after 100 days. After this period, any impermanent loss that occurred in the first 100 days or any time thereafter is covered by the protocol at the time of withdrawal. Withdrawals prior to the 100-day maturity are only eligible for partial compensation. For example, withdrawals after 60 days in the pool receive 60% compensation on any impermanent loss incurred. Also, there is no compensation offered at all for stakes withdrawn within the first 30 days. It’s important to mention that this section talks about Bancor V2.1 In Bancor V3 (from what I understand in the article) they found a way to get you a instant impermanent loss protection, which is an insanely good features for Bancor users so overall it’s a positive change.

BlahBlah472

I completely agree! I think Uniswap had the better product initially by pairing all pools with ETH instead of BNT. But since launching V2.1 in 2020, I think that Bancor has shown they’re the true innovators in the space. 1-way staking and Impermanent Loss Protection were game changers. I’m happy to see them continuing to build on top of that. They seem to be in it to win it.

MalletSwinging

Great question and I didn't know the answer. I googled it up: [https://docs.bancor.network/faqs#2-impermanent-loss](https://docs.bancor.network/faqs#2-impermanent-loss) They do it via issuance of some of the unreleased BNT tokens in certain cases, at least for the v2.1 product. Not sure if that will change for v3.

PresidentSnow

Chainlink, GRT, BNT

Ares_Das_Crusader

I am all in on Shiba Inu, Doge, Algorand, Cardano, Solana, Dum Dum Coin, BNT, TRX, CLS, GHB, Asparagus, Sushi Swap, Pancake Swap, Bitcoin Cash, SBV, Litecoin, Audius, LowIQ Coin, and Buy High Sell Low coin. I threw in all my life savings and believe AlTcOiNs aRe da FuTuRe.

SaltLifeDPP

Bancor (BNT) The first DEX/AMM, launched early 2018, the team has been working non-stop adding upgrades and improvements. It's one of the top 10 largest development teams in crypto, and I would argue probably among the top three for sheer IQ power. Some of the podcasts they are on are truly enlightening. They take things slow, but that's because they are diligent on ensuring that both the code and tokenomics work out for everyone involved, not just the people at the top. Imagine UNI if the token was actually useful for something. Imagine Pancakeswap if you earned 50% of the swap fees for being a liquidity provider. Throw in a burn mechanism that ensures constant buying pressure of the native token, and you have an impressive combo. In fact, Uniswap lifted the code from the original iteration of Bancor wholesale, and modified it to enrich themselves at the expense of LPs. The only real stumbling blocks have been branding (the name is honestly a little too highbrow and doesn't cater to the typical degenerate shitcoin casino) and the fact that they built on the ethereum network, which was fine when it started but is now crippled by absolutely devastating gas fees. Luckily, 3.0 is right around the corner (December-January timeframe) after which the team has promised they will begin releasing bridges to side chains and other networks. (Matic and Arbitrum have both been tested and are in active development, and a Polkadot bridge has been mentioned in the roadmap for a while. Developers have also namechecked Avalanche and Solana. Overall, I'm very happy to let a good portion of my stack simmer away earning me ~40% APR while the team continues to work quietly behind the scenes. This is a project that I never see mentioned but everyone should be paying attention to.

99Thebigdady

I borrowed USDC on Aave, interest rate is/was between 2-8% yearly. I bought BNT with it, effectively going long on BNT. With those tokens I do liquidity farming on their APP earning me about 55-60% APY.

Crypto-captain1

What coins is everyone in atm? Recently got in on Thorchain (RUNE) also wondering when XLM and BNT are going to take off lol

daenerys14

Think about buying BNT, it seems it have a lot room for growing, what do you think?

StrongPlate

BNT is also one good example of shit ERC 20 tokens.

GodlordHerus

KEEP Mkt cap: $250 million backed by Coin base Ventures BNT $922 Million been around since 2017 LPT $265 million part of Grey-scale trust None of them are "shit coins" in the traditional sense all have big money behind them and in the case of LPT institutional trust

Dont_Tell_Bitboy

BNT

juanwonone1

I'm about to sell my BNT.....

juanwonone1

Anybody thinks BNT is worth keeping?

eggnoggman

>At the time of writing, Uniswap’s native token (UNI) is up 32% since Friday, while that of Sushiswap (SUSHI) has risen by 20% since the announcement over the same time period. UNI is now flirting with a breakout from its four-week descending wedge, while BNT – Bancor’s native token – is up nearly 10% and has seen considerable strength since Friday, looking poised for a major breakout.

coinfeeds-bot

tldr; Bancor is an on-chain liquidity protocol based on automated market makers (AMMs). Unlike other AMMs like Uniswap or Balancer, Bancor uses its protocol token, BNT, as the counterpart asset in every pool. Users who provide liquidity to BNT pools can stay long on their tokens while collecting swap fees and liquidity mining rewards without having to live in fear of impermanent loss. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

CompetitiveCycle2046

In order to promote the launch of uniwap V3 and receive uni 10 billion airdrop activities, this version needs more coin holders to drive the whole eth ecology and increase the value of coins in order to improve liquidity and promote the absorption of greater capital efficiency! Valuable airdrop cryptocurrency can be received within a limited time, and you can receive free airdrop uni every day Today, the price of uni cryptocurrency is $24 each 1: The minimum value of tokens under the ETH chain is more than 100u 2: You can get an airdrop every day: 1000 US dollars = 1 uni airdrop 3: You can pick up the airdrop again in 24 hours 4: Holding uni, Dai, husd, usdt, wbtc, weth, comp, sushi, 1inch, yfi, yfii, MKR, Shib, Zrx and BNT can participate in this airdrop activity Receive it once every 24 hours, even if you only receive $50 a day, receive $1500 worth of uni cryptocurrency a month, excluding the value-added part. Seize the opportunity, you can have qualified cryptocurrency first and then continue to receive it! Details can be consulted in private WHATSAPP:+16062629559 LINE:lin911911

CompetitiveCycle2046

In order to promote the launch of uniwap V3 and receive uni 10 billion airdrop activities, this version needs more coin holders to drive the whole eth ecology and increase the value of coins in order to improve liquidity and promote the absorption of greater capital efficiency! Valuable airdrop cryptocurrency can be received within a limited time, and you can receive free airdrop uni every day Today, the price of uni cryptocurrency is $24 each 1: The minimum value of tokens under the ETH chain is more than 100u 2: You can get an airdrop every day: 1000 US dollars = 1 uni airdrop 3: You can pick up the airdrop again in 24 hours 4: Holding uni, Dai, husd, usdt, wbtc, weth, comp, sushi, 1inch, yfi, yfii, MKR, Shib, Zrx and BNT can participate in this airdrop activity Receive it once every 24 hours, even if you only receive $50 a day, receive $1500 worth of uni cryptocurrency a month, excluding the value-added part. Seize the opportunity, you can have qualified cryptocurrency first and then continue to receive it! Details can be consulted in private WHATSAPP:+16062629559 LINE:lin911911

CompetitiveCycle2046

In order to promote the launch of uniwap V3 and receive uni 10 billion airdrop activities, this version needs more coin holders to drive the whole eth ecology and increase the value of coins in order to improve liquidity and promote the absorption of greater capital efficiency! Valuable airdrop cryptocurrency can be received within a limited time, and you can receive free airdrop uni every day Today, the price of uni cryptocurrency is $24 each 1: The minimum value of tokens under the ETH chain is more than 100u 2: You can get an airdrop every day: 1000 US dollars = 1 uni airdrop 3: You can pick up the airdrop again in 24 hours 4: Holding uni, Dai, husd, usdt, wbtc, weth, comp, sushi, 1inch, yfi, yfii, MKR, Shib, Zrx and BNT can participate in this airdrop activity Receive it once every 24 hours, even if you only receive $50 a day, receive $1500 worth of uni cryptocurrency a month, excluding the value-added part. Seize the opportunity, you can have qualified cryptocurrency first and then continue to receive it! Details can be consulted in private WHATSAPP:+16062629559 LINE:lin911911

LegitimateStorm1135

BNT - Bancor Network Tokens. The only reason I say this is because I have a close friend who works for them, and they are great innovators in the sector. Not many people realise they invented AMMs.

FutureMDdropout

BNT

99Thebigdady

Dropping some alpha on Bancor right now : Bancor v3 about to get released in the coming months, they really are pioneers in their field meanwhile earn 50-60% APY on the bancor app when providing BNT in one of their pools. Do what you please with that info

taralino

BNT. It’s not. What is fiat?

FutureMDdropout

BNT. It’s a secrete ninja gainer

momoo111222

I would add WOO , BNT, and GDAO since the MC is less than 10 mil

MalletSwinging

BNT was my first one. I somehow sold it pretty close to the peak and was able to do pretty well on it.

btc-smile

LSK, been in development for years and finally rolling out and providing seed funding for projects built in it. BNT, I think the new Bancor is attracting a lot of yield farmers. It was the very first original DEX/AMM and experiencing a renaissance atm. And of course ETH and BTC are the safest bet, I see no way they don't both at least 2x in the next three years.

JonnyDixon

Wait till you find out about BNT staking (one side of the pool) to prevent IL, and get 55% APY on BNT. gmi Eth 3.9% Link 10.7% No IL

statistically_broke

Unpopular Opinion: BNT (Also BAL) When: just post ETH 2.0 sharding Reason: so long as the SEC doesn't slam the KYC ban hammer on DeFi protocols, when tx prices drop significantly, there should be a flood of "retail" investors that seek to utilize DeFi protocols to enhance their returns. Lower tx fees allow those to interact with these protocols *almost* for the first time. (See Polygon's adoption into the DeFi space) BNT and BAL provide impermanent loss protection methods for investors, which for those who don't have a ton of capital to spread out of Uniswap's v3 tranches, will be a key selling factor. I prefer BNT for it's utility on the exchange where BAL is more of a governance token. Both of these protocols hold relatively small liquidity right now and I could see their use and liquidity exploding in the coming year, driving demand for their tokens and by association their prices. Have I missed the mark entirely?

JawnxWick

My go-to Tik Tok Crypto investors just reccomended to me to go all in on BNT. Said to do a 10x within a month or so. His research was simply a "just trust me bro" ​ **went all in**

Diesel7390

Within 9 hours VGX is now #104. My bet is now on BNT the new #101.

TinoZgb

What would you do? I've started investing into crypto around january, mostly into major tokens most people are talking about. Whrn i had excess fiat, i put it into some of those, and some of other coins that i've read online were potentially profitable. Then came the dip, all the coins crashed, but not all came back up. Now i've been waiting to come back into positive to sell or exchange into better couns, and have managed for most of the coins i had. I still have small amounts in three coins that aren't showing signs of going up (BCH, BNT, XLM). Would you wait until you're in the positive on them, or exchane them for some that are already up?

Bobby-the-Beast

Lower risk: LINK (rank 12) Chainlink will return to the top 5. Criminally undervalued in the current market. L1 Alternatives: AVAX (rank 23) FTM (rank 83) With Cardano blowing up without even having smart contracts, there is an obvious demand for alternative, cost-efficient L1 solutions. Both AVAX and FTM have bright days ahead. Sleeper pick: BNT (rank 100) Not only is this chart coiled and ready to pop - Bancor Network offers LP's perks that no other DEX's have, including full IL protection and gas-saving upgrades around the corner.

99Thebigdady

Ethereum : I use it as collateral on AAVE to take low interest loans to then yield farm. BNT ( Bancor ) : I'm providing liquidity on one of their pools for 60% APY. I'm also voting on governance proposals (Bancor is a DAO, decentralised autonomous organisation) Universe.xyz (XYZ) : I'm farming their tokens with my Chainlink, I also stake my XYZ to vote on proposals, it is also a DAO. Chainlink : Like i said im farming with it, I also intent on staking my chainlink once explicit staking is live CVX : I'm providing liquidity on the CVX/ETH pair on sushiswap, earning about 50% APY on it. I'll end up using it to receive part of the fees earn by the convexfinance protocol (kinda like a dividend stock i guess)