/biz/ - Business & Finance

CONTRIBUTE TO THE POOL HERE

https://uniswap.exchange/swap?outputCurrency=0x0e511aa1a137aad267dfe3a6bfca0b856c1a3682

So what's the pool? Benefits of adding to it?

Example:
In the beginning, all of the 5 tokens were worth $1000, so the pool size was $5000.

Now, say all other 4 tokens remained at their old value ($1000 / token), but STA did a x10, so STA value in pool is now worth $10,000.

That's much more than 20% of the pool, so the balancer must balance it out.
Note that now the pool size is $10,000 (STA) + $4000 (other 4 tokens) = $14,000.

So, to balance it out, each token should now have value of $14,000 / 5 = $2800.

To reach this goal, the balancer must sell the excess STA, and that would be $10,000 (current worth of STA) - $2800 (the new target worth of STA) = $7200.

The balancer sells the excess on various exchanges to which it has a trading bot interface to. Currently, it's only Uniswap.
Note that by selling, it performs transactions, and thus burns tokens, so the supply also decreases!

So, now that the balancer has sold the excess STA, it obtained $7200 dollars (say, in DAI coins).

Now, to balance out the other 4 tokens, it must buy $7200 / 4 = $1800 worth of each token.

So, it buys $1800 worth of ETH, $1800 worth of LINK, etc.

In the end, it's all balanced at 20% for each token - all 5 tokens are now worth $2800 dollars each!
And the total pool size remained at $14,000 dollars - so no value was lost!
Plus, you also get the trading fees, which are added to the pool!
On top of that, Balancer is now issuing BAL tokens for all liquidity providers!
You can check what it is all about here:
https://defipulse.com/blog/balancer-start-liquidity-mining-and-earn-bal-tokens-today/

That's the magic of the balance pools.

>ANNOUNCEMENTS

>WEBSITE BEING UPDATED

>AUDIT: CLEAN
https://medium.com/@stateraproject/statera-audit-8d4cb94e9b32
>AUDIT: CLEAN
https://medium.com/@stateraproject/statera-audit-8d4cb94e9b32
>AUDIT: CLEAN
https://medium.com/@stateraproject/statera-audit-8d4cb94e9b32
>AUDIT: CLEAN

>FINANCIAL REPORTS OF THE LAST TWO WEEKS
(may be updated every two weeks, still putting it here for good use)
https://medium.com/@stateraproject/statera-financial-reports-b47defb58a18

>NEW EXCHANGE ANNOUNCEMENT

Hello again; we're constantly trying to branch out the ways you can purchase/trade Statera. Today we're happy to announce that we've received confirmation that Statera is now available for trading on Bamboo Relay!

The benefits of using Bamboo Relay include a live order-book, candle-stick charts and more arbitrage opportunities for 'Sthanos'. You can trade STA on Bamboo Relay here:

https://bamboorelay.com/trade/STA-WETH

Thanks guys!

>OLDER ANNOUNCEMENTS

An updated QRD on Statera and its uses
https://medium.com/@stateraproject/statera-a-breakdown-of-the-ecosystem-6fa99e98caa1

STA is listed on a new exchange that utilizes something called a "Ring Trade". This trades assets across a liquidity pool as opposed to selling each slice in chunks.
Yes, this means the audit is complete, yes this means that Kyberswap is a qualifier for upcoming listings.
Bullish.

>We are now able to be traded through the Gnosis Protocol!
The dapp to trade on Gnosis Protocol is called Mesa.
Currently we are not whitelisted on there, however, you can go to
https://mesa.eth.link/#/trade/
Upon going to that link you can input the STA contract address to trade:
0xa7de087329bfcda5639247f96140f9dabe3deed1


Statera is now recognized on the Delta app, used to track pricing

Price just dumps

>added a small bit to my stack before dump the other day
>bought more at what *was* the bottom
>dumps further each time
>repeat
>all this + cant take advantage of other pool tokens going up because OUR whales had to dump for a fucking scam token
We could literally be at 10c possibly by now if that stupid STONK shit wouldn't have happened. I'm so fucking mad

>>19893883
>>19894133
Both of you faggots need to off yourselves assuming you aren't the same cheap fucker.

>>19894204
It’s almost as if people are upset because they lost money
t. down 70% but will continue to hold because I’m a masochist, I all-in’d, and the fundamentals are good. Still doesn’t feel great that I lost practically all of my crypto in a matter of a week and a half. I literally don’t have enough money to even profit from the pool now, there’s no point in splitting a grand and a half 5 different ways kek

>>19894253
Wow a coin that's 3 weeks old with low volume had a few whales PnD it? However could this have happened?

Look at it this way, it's at 3-4c after 3 weeks. What other pndcoin has made it this far? Invest smartly and stop FOMO'ing and you'll stop losing money on low-cap coins.