TheBanxGuru

#1 Source for all $BANX Content & News! Checkout banx @ to get started

Referral Code: "TheBanxGuru"

[TheBanxGuru @BanxGuru]

BREAKING: Banx is now the #1 leader in TVL for NFTfi on Solana 👑

Notable TVL Metrics:
SOL Loan TVL = 10,648 SOL ($1.51M)
SOL Offer TVL = 4,993 SOL ($709K)
USDC Loan TVL = $355K
USDC Offer TVL = $73K

Total TVL = $2.76M 🤑

(Source: DefiLlama)

[TheBanxGuru @BanxGuru]

Big week ahead for $BANX

Stay ready 🫰

[WOOF PACK @TheRealWOOFPACK]

𝗬𝗢𝗨'𝗥𝗘 𝗡𝗢𝗧 𝗠𝗜𝗦𝗦𝗜𝗡𝗚 𝗢𝗨𝗧 𝗢𝗡 𝟯𝟰% 𝗔𝗣𝗬 𝗢𝗡 @BANX_gg , 𝗥𝗜𝗚𝗛𝗧?

If you are, you should definitely check out my thread I wrote about them ⬇️

https://t.co/e35uYDnv8A

[TheBanxGuru @BanxGuru]

The first days of the banxSOL launch on @banx_gg have been a success 🔥

banxSOL updates coming soon:

- banxSOL will accumulate yield while in the vault
- you will be able to directly deploy your banxSOL in offers without the need to swap it back first to SOL

How has your experience with banxSOL been? Share down below! 👇

[TheBanxGuru @BanxGuru]

@FPLParana @banx_gg As of right now not sure, but dont believe so.

When automatic swapping is integrated in the next couple of days, definitely not.

[TheBanxGuru @BanxGuru]

BREAKING: banxSOL integration is officially live on @banx_gg 🥳🎉🙌

Users will now receive banxSOL for borrowing/lending on Banx (can swap to SOL manually through Jupiter)

Soon to come: automatic banxSOL to SOL swap (beginning of next week)!

[TheBanxGuru @BanxGuru]

@banx_gg NFT's Floor Price is approaching 2 SOL for the first time since April 🚀🚀

Did you buy the dip? 🤑

[Banx.gg 💵 Loans & Yield @banx_gg]

🔥 Holding @Lifinity_io Flares: dope af
🔥🔥 Holding Flares AND using @banx_gg: elite alpha
🔥🔥🔥 Using Banx with the Flare DAO refcode: triple comma

https://t.co/XUmcvtTcns

You get a cashback and bonus points.
We give a cut of fees back to Flare DAO.
Textbook Win Win 🫶

[Builders Lounge @degen_lounge]

great thread that goes over the unique NFTfi experience created by @banx_gg that caters to all levels of risk 💵

what’s your risk tolerance and favorite @banx_gg feature degen?

[TheBanxGuru @BanxGuru]

@banx_gg Revenue Updates:

May 20-27:
14 SOL + 800 USDC ($3243)
$BANX brought back: 3M

May 27-June 3:
22 SOL + 1100 USDC ($4741)
$BANX brought back: 5.7M

[TheBanxGuru @BanxGuru]

Overall, I am extremely pleased with how Banx has accommodated its users and expanded the usability of their platform.

If you are interested in lending/borrowing on Banx use referral code “TheBanxGuru” to get 50% cashback on your first borrow + 2x-4x points for Season 3!

[TheBanxGuru @BanxGuru]

4) banxSOL

Out of all the risks that come with lending, this one might be the least talked about, but the most important.

Opportunity Cost

In NFTfi, if you offer a loan and it takes a while to get accepted, that puts you at a major disadvantage. Not only are you missing out on your lending yield, but you could be doing something else with that SOL which would be making you money.

Banx reduces opportunity costs with the integration of $banxSOL.

Now instead of earning 0% while your loan is pending, you can earn ~8% through banx’s LST

[TheBanxGuru @BanxGuru]

3) USDC Loans

Over the past 8 months, we have seen a tremendous rise in the price of Solana

Unfortunately for NFT holders, this has led to their NFTs being worth less SOL.

Yet, there has been much less price fluctuation of these NFTs in terms of USD.

By offering USDC Loans, Banx allows users to decrease the risk generated by SOL price volatility.

[TheBanxGuru @BanxGuru]

Today’s Lesson:

How the studs @banx_gg created a Risk-Adjustable NFTfi experience that accommodates everyone on the risk curve.

They have achieved this with:

🟢Variable LTV/APR loans
🟢Repayment calls
🟢USDC Loans
🟢banxSOL sanctum integration

Lets dive in! 🧵👇

[TheBanxGuru @BanxGuru]

2) Repayment Calls

A lender can issue a repayment call, giving the borrower 3 days to repay part or all of the loan

This is an important risk-mitigating tool for lenders

If they see that the LTV is dropping in price, they can issue a repayment call, reducing the risk of their loan going underwater.

[TheBanxGuru @BanxGuru]

So how has Banx provided a risk-adjustable experience?

1) Variable LTV/APR loans

In other NFTfi projects, your loan will only be accepted if it is the highest offer

On Banx, lenders have the opportunity to offer a loan anywhere from 1-100% LTV.

The lower the LTV, the lower the likelihood your loan will go underwater

The reward for taking on a higher risk is the adjustable APR ranging from 34%-104%

TLDR: Higher LTV = Higher APR

[TheBanxGuru @BanxGuru]

Why is it important to accommodate all risk levels?

Because of its novelty, crypto is inherently a high-risk, high-reward sector

Sadly, this positioning excludes people who would like to participate but are on the lower end of the spectrum

Accommodating for all risk levels onboards more people into the NFTfi space, growing the pie for everyone.

[TheBanxGuru @BanxGuru]

@FPLParana @banx_gg Post is solely meant to highlight banx’s revenue as a protocol overall

The rev split is very important when it comes to determining relative NFT and token price projections

Post on that and respective P/E ratio’s coming soon!

[TheBanxGuru @BanxGuru]

Below is a snapshot of @banx_gg's Revenue since the $BANX TGE.

In 11 weeks Banx has generated 517 SOL and 5950 USDC in revenue (~$92K)

Annualized Rev = $450K/yr

$BANX's FDV = 4.6M and that doesn't even include the 1.3B $BANX soon to be burned (8.7% of supply)

Name a better value play than $BANX, i'll wait 🤷‍♂️🔥🔥

[TheBanxGuru @BanxGuru]

@banx_gg What he said 😎