/biz/ - Business & Finance

I got 12.79 Link, which is currently about $43, not bad at all.

>>17157830

How does LinkPool work?

>>17157847
Go here fren: https://www.linkpool.io/

>Chainlink staking doesn't even go live this year.
And here is the secret that everyone keeps sleeping on:
ETH will switch to proof of stake way before Chainlink nodes have the collateralization feature implemented. Linkpool will act as an ETH staking pool as well.
LP share holders will get rewards from all income sources whether it be from ETH nodes, Link nodes, fees from Node as a Service (NaaS), marketplace fees and whatever else Jonny is currently working on.

can someone red-pill me on buying linkpool shares as a burger? if I just say no not US am I still fucked?

>>17157823
how many LP shares do you own?

>>17158002
Its like saying "Yes, I am 18" when going on a porn site.
They need to ask the user, but they don't care if underage people browse the site.
Same for LP. They don't want to become a target of the SEC. US citizens holding LP have nothing to worry about. Its always the issuer of securities that are the target.
Chainlink itself is registered on the Cayman Islands for the same reason of avoiding the SEC.

>>17158028
I own 0.52LP and got 0.25 link, which means he must own 26LP

I have 1 LP just for fun

Can someone explain where do the dividends come from?

>>17158254
Sergey's 700k dev fund dumps

how much is one lp?

i just dont trust things, call me paranoid but i dont see a downside from looking around on the site

>>17158254
Sure. Chainlink has a total supply of 1 billion token, but only 350 million are in circulation.
Additional 350 million are reserved to help the network grow, basically paying node operators for running a node.
Linkpool gets paid 0.66 Link every 10 minutes and another 0.8 Link every hour. All paid out of these 350 million.

The last 300 million are Sergey's personal stack.

>>17158145
how much stinkpool to make it

>>17158327
.04

>>17158197
Which means the returns are fucking awful, time to swap to eth

>>17158002
Id been struggling with the same question and said fuck it. Bought 1 lp for 28 Eth. Probably overpriced but I just think that LP will have the highest collateral and highest reputation nodes so I think the return will be there easily. Think about how much link they will be staking if for every LP token they sold (1000), they staked 500 link. We’re looking at 500,000 link to be staked across multiple high reputation nodes that will be ready to go live day 1 of staking. I don’t think there will be another pool service that will be able to touch it for a while at least. So we’re going to see LP participate in the highest collateral contracts for day 1, building a sting rep for all of their nodes. They’re a first mover in the space with a line directly into the Chainlink team via Johnny. There too much up side IMO to pass it up

>>17158303
There is a DEX where people trade their LP on the open market. Price is volatile and is currently at about ~25 ETH per share (buy orders at that price would likely get filled fast).

Have some patience and wait for buy orders to get filled. Buying into the sell order book side will always give you way worse prices because the spread is so high.

https://staking.linkpool.io/dex

>>17158314
Clear explanation. Thanks. It sounds good. How much LP do you have?

>>17158355
>The first largest and most trusted staking pool will only stake 500k Link
Dude no, LP plans to stake 10 mil pretty soon and that is only so low because they care about the network not getting too centralized.
In the long run Linkpool will easily stake 3-4% of the total supply of Chainlink, which is 30-40 million Link.

>>17157823
Another Sunday, another thread shilling a useless security token allowing you entry to a staking pool for two years now, despite staking not working, and the presence of other projects that don't need you to hold an unregistered security that's already done a 50x to participate.

>Completely passive income
That is a security

>>17157830
how much LP do you hold?

>>17158397
Right, I was just trying to stay conservative and didn’t have the numbers on hand. I’m sure there will be other pools that come along and they will probably make money, but the amount of LINK that Linkpool will have access to for staking will be almost infinite after they open it up to people who do not own LP shares. I couldn’t pass this opportunity up. I guess there’s a chance I’m wrong but I really don’t see it. 35k link and 1LP token are going to build me generational wealth

>>17158439
>After they make the token useless, they will have access to more link to stake
>Other projects will not have a token from the start
Listen to yourself anon

>>17158347
This.

>>17158484
See >>17158439

>>17158484
See >>17158450

>>17158400
Fud all you want. Meanwhile Jonny is working day and night to get even more features on Linkpool.

Most people don't even know that https://market.link/ was build by him.
Oh and the fees people pay for listing their node there also goes to LP holders.

>>17158450
>token is useless
Big anon much admiration

>>17157823
>>17157830
Do I need to have linkpool share to stake on linkpool platform? I currently hold 2k link. Can one buy linkpool share still or no? If ya, how? Lastly, what's the payout or link pool for staking(e.g. I stake all 2k link [or 2k link worth of lip share?])? How often is payout and what percent of primal stake is returned?

>>17158556at the beginning, yes. Priority staking will be given to LP holders based on this screenshot
>>17158397
As the network grows and matures, staking will be opened up to non LP holders. They will also offer Node as a service, where they basically set up your node for you and provide the infrastructure and you provide the LINK, but I don’t think there’s a pricing model for that yet

>>17158593
How would one go about getting OP shares now? Just p2p through bitcointalk or something I guess right?

>>17158556
>Do I need to have linkpool share to stake on linkpool platform?
At first yes, for about a year or so. After that everyone can stake on LP. They have the share requirement at the start to make sure that Linkpool share holders get to stake all their Link before people without can.

> Can one buy linkpool share still or no?
Yes, here: https://staking.linkpool.io/dex
Its a DEX, so you are buying from other people, not from LP themself. Be aware of the high spread between buy and sell orders. Be patient and wait for your buy order to get filled instead of buying into a way more expensive sell order.

>Lastly, what's the payout or link pool for staking
No one knows yet, not Linkpool, not Sergey, no one. How many smart contracts requesting oracle data will there be in the future? How much are they willing to pay for each request?
Chainlink nodes don't get paid from inflation like current masternodes do (or ETH will). They get paid from actual usage.

>What percent of primal stake is returned?
Linkpool gives 75% of the node earnings to the people that have staked their Link on the pool. The 25% cut then gets distributed among all shareholders.

can someone explain me how this works? I have linked my metamask account and now?

>>17158620
They have a DEX live here:
https://staking.linkpool.io/dex
You need to use something like Metamask to connect to their dex, it’s easy to get set up. After connecting metamask just go and select any of the open orders and you’re golden. After you buy a share or part of a share an ‘Ownership’ tab will be open you can see your rewards to date, etc. I’m probably
Missing a bunch but I’m posting from my phone. Their Medium page is really helpful https://medium.com/linkpool

>>17158661
so how much LP do i need to purchase on the DEX to stake my link? is there a certain amount i can stake for the amount of LP i own? am american, would it wise to setup VPN and obscure my access

>>17158696
You can set up a buy order now. Fill the price in and the amount of LP you want to buy.
Note that the price you set is always per 1 LP. So lets say you want to buy 0.04 LP for a price of 25 ETH per 1 LP, then your order size is 1 ETH.

>>17158718
I dont use a vpn and i can access it

>>17158718
I didn’t use a VPN.
This is what we know so far. Could be subject to change
>>17158397

>>17158718
>>17158397
Small at the start and then increasing, see picture in my other post.
The nice thing is that everyone who holds 0.04 LP will get to stake before people without shares can.
Some anons aim for 1 LP for every 10k Link they own.

>>17157830
Haha you got over 100k$ worth of linkpool and got so little passive income. Buy Tezos instead and you will make it this year.

>>17158772
1 LP for 10k link. Wish I could have made that, but I was to afraid of the burgerland police coming after me. Then I said fuck it, I’ll deal with any consequences later

>>17158772
So the returns people are seeing right now are from simply holding linkpool shares?

How many LP shares to make it?

>>17157823
>12 posts by this poo

>>17158856
>12 posts by this poo

>>17158832
Yes, the returns come from the one Linkpool node that is getting paid by the Chainlink team, which at current Link prices are about $12k per month.
Of course the returns per share aren't crazy right now, coming from just one node, but in the not so distant future Linkpool will stake at least 10 million Link running on hundreds of nodes.

>>17158856
Doing gods work, educating nu-Linkers about Linkpool. Frens should have a plan when staking goes live. Most people won't be able to run their own node.

>>17158254
dont buy this. There are only a handfull of lp holders. They are holding the price up like fucking boomers holding the realestate market up because they dont want to sell at a loss. Buy more link

>>17158925
I have 40k link
how much LP should i have anon? thanks fren

>>17158925
Doing God’s work anon, nice job

if you're american and you buy this, you will go to jail.

>>17158519
Oh wow Jonny is working day and night, thanks just bought 100k unregistered security tokens for one of multiple pools by the launch of staking

>>17158925
My plan is to not use a staking pool requiring a token worth 30 ETH to stake my linkies the absolllute stake of linkpool

>>17159587
competition will be good

>>17160401
Good for the people who haven't had to spend 30eth to stake their tokens yah

>>17158661
>Linkpool gives 75% of the node earnings to the people that have staked their Link on the pool. The 25% cut then gets distributed among all shareholders
Finally someone that says it correctly, congrats anon

OP is stuck with 26 LP. There no volume and he can only sell a bit at a time lol.

>>17157823

I have 0.8 LP and 13k link. Do you think that ratio is alright? It’s around 50k usd. Just unsure whether to sell some link for the full LP or not.

>>17157823
>bi weekly begging to buy my bags
LMFAO

>>17160908
Yeah, thats alright, good ratio.

And to address another argument:
>I'm just gonna stake with Binance or Coinbase, no need for Linkpool at all
Yeah, thats the spirit of decentralization. Let Binance manage 1/3 of the supply in their nodes and Coinbase another 1/3, no problem at all.
Also, given that people are ultra lazy I would not be surprised if the large exchanges take more than a 25% cut for their service.
The more pools there are the better for the whole network. Get some LP and stake with it.

>>17158002
>>17158145

>US citizens holding LP have nothing to worry about. Its always the issuer of securities that are the target.

This is 100% fucking false. The same logic that retarded drug dealers use: "they only investigate BIGGER drug dealers, never the buyers"

Retarded.

I kind of fomoed into LP last year after smoking a shit load of weed and getting sucked into those weird esoteric 42 archive threads
Maybe that was impulsive as I don’t fully understand if it’ll be worth it when staking finally drops but I have 50,000 stinkies and 1 LP
Been enjoying the bi-weekly micro gains purely for the novelty but what the fuck am I actually in for with this set up
In full expect to be disappointed by ridiculously low staking gains that don’t justify the ridiculous price I paid for 1 LP share it was like 40 ETH although ETH was pretty low at that point last year
Bottom line I don’t care if it’s not worth it I’m looking at it like an experiment
What am I in for guise

>>17161777
Never mind the digits indicate this was a extremely sound financial decision carry on

>>17161777
>expect to be disappointed by ridiculously low staking gains
If that turns out to be true then the whole Chainlink network might be overvalued at $3.5 billion (based on total supply).
I don't see a future scenario where Chainlinks gets super big and Linkpool doesn't get a piece of the pie.

How much return will I get with a single LP share at this moment?

>>17161946
>How much is this gold mine extracting right now?
>Well, it hasn't opened yet.
>Ok sure, but how much is it generating at this moment?

1 LP currently earns about 1 Link per month. Thats coming from one node getting paid by Sergey.
Now imagine 10 million Link getting staked on Linkpool on hundreds of nodes.
LP is ready, we are all just waiting for node collateralization to be implemented (by Chainlink).

>>17161777
>>17161822
Kek wills it, LP is going to work out for all of us