/biz/ - Business & Finance

CMV

>>21489401
>scam
>working product with the most decentralized wallet distribution in all of defi
Pick one.

>>21486476
Statera

>>21444789
Statera
>Invents Volume Farming

Let’s assume that for one day every cryptocurrency stays flat except ETH. What would happen?

1. The value of Delta will go up and the 50:50 ratio would be out of sync, ETH would need to be sold and STA bought to keep the locked in split. This causes STA to burn

2.The Phoenix fund is 30% ETH and 40% Delta. It would then need to sell both assets and buy wBTC, Link and SNX to keep the predetermined asset weights. So now both Delta and Phoenix are back in balance, but it doesn’t stop here

3.As Phoenix sold Delta there is a negative impact on the price, but the actual quantity of ETH and STA inside of it didn’t change after point 1. As a result, it would be beneficial to unmint Delta to realise the full value of the underlying assets. This unminting process causes STA to burn. Something like this is generally done by arb bots.

4.But now as some STA has been burnt there is upward price pressure and the inverse of point 1 happens. STA is now sold to buy ETH, causing STA to burn. Initially this may not be significant but as supply decreases the impacts of this will get bigger.

5.Point number 4 means that the value of Delta has changed, which means Phoenix needs to sell Delta and so the cycle goes back to point 2
Please note, that the impacts of point 4 and 5 are probably too small to see this early in the project but it doesn’t mean it’s not happening.

Now remember there is zero chance that ETH is the only asset to move in price for the day. THEY WILL ALL MOVE.

Now think how many indices Statera will be putting out on platforms like balancer (yes balancer will not be the only one).

Multiple index funds on multiple platforms with different pools using the Delta coin.

STA will be the most used coin in Defi soon.

------------

TL:DR

In simple terms the Burn function of STA is designed to create volume. In a way Statera discovered "Volume farming"

>>21346238
>mfw bizlets keep losing money on scams but refuse to buy statera before they get priced out

>>21329218
Refund is literally on friday and 2 exchanges coming soon. 1 of them was in the top 25

>0.345
lets go

>>21257144
Unironically 0.04 and then 0.01 and 0.008
Never fucking selling, sat live watching the exploit happend and didnt flinch. Though im riding this to 0 or millions.

>>21153863
Then buy Statera and stop being a pussy and make some profit once in your life.

>>20804983
Current Prize .0476366 Ethereum $15.15

this weeks prize ends saturday so you still have 4 more days to enter this weeks

ANNOUNCEMENT! The Unofficial Statera Wiki is commencing a Weekly Prize Pool.

The weekly winner gets Ethereum and Balancer Tokens

.009 Ethereum entry fee
A maximum of 10 entries per wallet .09 ETH max per entry

https://stateraprojectwiki.com/weekly-prize-pool/

https://stateraprojectwiki.com/weekly-prize-pool/

https://stateraprojectwiki.com/weekly-prize-pool/


we are thinking about rolling over a good portion of the ethereum into next weeks prize to keep it gaining momentum
At the moment ethereum is heavily congested eth2.0 will clear all this up

>>20707429
Unironically

>>20700424

>>20687459

>>20684719

0.1 in 3 days

>>20613127
Buy sta and then pool when it reaches 1$.10$

>tfw going to start pooling at 10$ and never work again

>>20554404

>>20550399
Soon normies will be priced out, cant wait.

TONIGHT!

>>20514017
Can this pump any faster so normies get priced out?

>>20517248
Statera (STA) is a smart contract powered Indexed Deflationary Token (IDT), which synergizes with a trustless and community driven portfolio of class-leading cryptocurrencies.

Every trade for Statera creates an arbitrage opportunity. Trading attracts liquidity, which in-turn attracts trading. Liquidity ripples and the supply of Statera decreases.

>>20515486
Here op.

>>20515441
>tfw never stopped buying
But i should have bought a bigger bag yesterday