/biz/ - Business & Finance

big ETH believer so i drift to phoenix, stanos has much more liquidity so its better, do i earn BAL tokens on phoenix pool?

>>23946122
It took me a few weeks to get it so don't worry. But as the one anon here said once you get it you REALLY get it.

Essentially STA is inserted into a liquidity pool. The balancer keeps the liquidity pool in perfect balanced ratio. So if one of the tokens go up, it will sell that token to buy the others so that the growth is steady. So you believe in crypto to succeed then you believe in STA to grow. Also, everytime STA is involved in a transaction (sold/bought/ratio corrected by the balancer) it will burn 1% of that STA, creating deflation and more volume. Now if the demand remains the same or grows, price WILL increase due to deflation. Any of the balancing creates volume which creates more fees.

But what if STA dies and has no volume you say? It does not matter, because the Statera involved in the pool means that volume is also counted for everything else in the pool, so eth btc link snx. Do you really think these will have no volume?

As pool integrations grow, so do arbing opportunities creating more opportunities and more volume -> burn + fees. You could literally be the only one running the pool and get enormous returns. That's why many of the top wallets are buying more. Because if STA goes up in price, the APY from the pool will be absolutely insane. It's not a regular hold and sell.

Of course there is much more to this, but this is the basic idea.

>>23412471
I'd call it a suicide stack

>>23105439

2/?

>>22979113
Not your desired price to buy in at least LOL never below 5c again

>>22969927
Hark! Tis a fellow knower, I spy!

You gotta dump it again

It’s still September.

>>22822300
Not seen this before. Saved.

>>22817474
>he isn't part of the most decentralized project in defi