The $BNT price is hitting all-time-highs relative to $vBNT

Why?

u2028u2028Because more & more users are borrowing against their staked $BNT by selling their $vBNT for other tokens on the network.

This demonstrates the tremendous demand for leveraged liquidity on Bancor.

LPs who sell their $vBNT on http://bancor.network"> http://bancor.network  are effectively taking an interest-free loan against their staked $BNT, with zero risk of liquidation.

https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚠️" title="Warnsignal" aria-label="Emoji: Warnsignal"> There are risks https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚠️" title="Warnsignal" aria-label="Emoji: Warnsignal">

You need the same number of $vBNT to unstake your $BNT.

If the $vBNT price rises, you’ll need to buy it back at a higher price.

To be profitable, revenue earned w/ your borrowed tokens must be of greater value than the $vBNT needed to retrieve your stake.

Meanwhile, the #BancorVortex burns $vBNT with every trade on the network

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🌪" title="Wolke mit Tornado" aria-label="Emoji: Wolke mit Tornado"> This creates a flywheel effect

As volume rises, $vBNT burning accelerates, increasing both TVL & the protocol& #39;s lending capacity, while decreasing the circulating supply of $BNT https://blog.bancor.network/vbnt-burning-is-live-cd814c2b07fa">https://blog.bancor.network/vbnt-burn...

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔥" title="Feuer" aria-label="Emoji: Feuer"> Since going live, week-over-week $vBNT burning volume has increased more than 5X and continues to grow with rising volume and as new pools join the network.

Learn more in our latest progress update:u2028 https://blog.bancor.network/bancor-progress-update-april-2021-35fb95656267">https://blog.bancor.network/bancor-pr...

The current mechanics of #BancorVortex are just the beginning

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔮" title="Kristallkugel" aria-label="Emoji: Kristallkugel"> We& #39;ve only scratched the surface of what’s possible with single-sided liquidity on Bancor

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚨" title="Polizeiautos mit drehendem Licht" aria-label="Emoji: Polizeiautos mit drehendem Licht"> Caption contest! RT the 1st tweet of this thread w/ a caption tied to the GIF

https://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Geldsack" aria-label="Emoji: Geldsack"> The top 5 captions each win 10 $BNT