/biz/ - Business & Finance

>>19927515
bump

bumps

DR;NS

wow yes i will give you my chainlinks sir no problemo

>not using STONK

>NGMI

The only catch is that BAL has to remain valuable. It seems to be holding up well. So if you don't do this, I guess you're either a paranoid retard, or you hate money.
BAL price: https://www.coingecko.com/en/coins/balancer

As a Statera long, by you supporting the liquidity pool OP spoke about, you help the price of STA in the long term.

No gimmicks here.

lol why are you using marketing language when shilling this shit on here you absolute moron

>>19927955
yea im good. linkes stays in cold storage

>>19927968
because a guy named jonathan dumped 100k into the pool and made 14k in just two weeks, that is why he is shilling it.

>>19927515
What prevents my LINKs from being stolen?

>>19928048
its an audited smartcontract, the only person who can withdraw your deposit into the pool is whoever holds that share of bpt that you mint(you mint bpt when you add liquidity to the pool), so unless you sell your token representing your share only you can withdraw it.

Would be kinda stupid to not do this :D

>>19928064
Do you have a link to the audit? I googled and didn't find one. Thanks fren.

Even pajeets cannot escape sergers girth lol

>>19928077
https://docs.balancer.finance/protocol/security/audits
checked
here you go

Obvious pyramid

>>19927955
What can you do with BAL?

>>19928129
it is a governance token for the balancer protocol, which means if you want to be one of the people who can influence the protocol you need to own their tokens to vote, last time i checked yesterday they were going for 16 dollars each.

>>19928102
Thanks toastertoad.

So how do I add just my linkies? I tried adding to a pool the other day but it also made me add everything else in the pool. I said fuck that cause I'm not selling my linkies to hold any other dumb shit.

>>19928253
Balancer team is working to implement a one-click pool method so you can pool with just your LINK.
right now the process is convoluted - so I would just wait for that.

>>19928253
the devs should be adding a one button add liquidity thingy soon but when you deposit into the pool you will be owning the assets 20/20/20/20/20 of btc eth link snx and sta effectively but i think you can withdraw with only one token, so if you think link is gonna crab this is probably the best staking mechanism right now.

>Taking my linkies out of cold storage
HAHAHHA NO.

>>19928293
I'm a computer engineer who works on supercomputers, I can handle complicated, I just didn't see an option for that. Do you have the details somewhere?

Also please be careful LINK/BAL frens, someone is currently abusing Balancer with bullshit tokens.
https://twitter.com/PredictionsExch/status/1275899577368039426

>>19928253
The whole point is that it disperses it into 5 tokens each worth 20% of your stack so if one dumps you don't lose much. The ability to pool just one token and keep it as 1 token should be coming either this Friday or next week.

>>19928336
Balancer team already curbed that

As for pooling right now:
https://medium.com/@stateraproject/providing-liquidity-for-sta-with-one-token-on-balancer-lp-53356297a1ea

just select the contract for link instead of Statera in step 1 and follow the guide.
As always, use a small amount first.

>>19928358
Or if one pumps you don't make as much...
Glad to hear a single token only option is coming, I don't want to own anything else, I've been link only since ICO and not about to change that.

>>19927515
Bump for any other Linkholder to see.

>>19927515

>>19930340
>>19929188
stop bumping your own thread.

>>19930368
But

>>19928418
Pretty sure if you add only 1 token the balancer will still sell the excess and spread it out over all 5 tokens for you. Either way, you receive BPT in return, which is your share of these 5 assets. This isn't equal to you holding only your link. It's a deflationary index fund. If you want to hold only link, don't use it.

>28% a month
except that BAL will sink within a week

>>19928102
>An attacker cannot steal assets from a public pool
>FAILED

OH NO NO NO

>>19930428
no buts young man

>>19927515
not selling stupid fag

>>19932005
pooling in $stonk isnt selling, you can pull 100% of your investment whenever you want and you'll get Bal the following tuesday.

>>19930792

>>19931147
>1 An attacker cannot steal assets from a public pool.
FAILED (TOB-BL-001)


>01 Single-asset liquidity functions allow stealing of assets High FIXED

If you're reading, might as well read all the way bucko

>>19927515
People are selling Link

>>19927515
>28% a month

Kek

How much do you get paid for each thread? Scam token trying to get link money.

>>19927515
LINK’s tech =/ market cap. We’ll see that very soon, with the way crypto is heading to.

link will pump because of this which isn't good if you diversify
the real move is to long these tokens if the yields are good. The funding rate of futures is minimal and the gains would be better and quicker.
yield farming is a dangerous game and I don't even think the risk/reward is that good. Be safe link marines

>>19932838
Yup. Projects who focused on building use cases will surely come out on top. One of such projects is Waves, they’ve been building and building for forever

>>19928253
>>19928336
Apparently there was a method all along, it's just that most people don't consider it user friendly.

https://medium.com/@stateraproject/providing-liquidity-for-sta-with-one-token-on-balancer-lp-53356297a1ea

>7% a week
So what’s the catch. And don’t tell me there isn’t one because this number is absurd

>>19935908
its 7% because you are early, it will probably taper down when the pool gets big enough.

>>19935908
Because BAL token price fluctuates, BAL is just 26 days old. STA is a deflationary token(it burns 1% of every transaction) And it's also so high because we have an autistic bot daytrading 24/7 thus never letting the volume rest and also because Statera's pool is already active by itself due to a bunch of dolphins and whales swing trading around.
But most importantly it's because of the BAL tokens being rewarded every 7 days and you hoping their price stays up.

Despite Statera being ranked 30th in liquidity, it has a near top 10 rank in volume(trading activity)

>>19935908
The catch is you have to be the early bird, the percent will likely decrease little by little and stabilize. I'm wasting time typing here instead of doing these perpetual swaps. Anyway good luck frens.

But it absolutely doesn't make sense to put your LINK into the STA pool. It's a balancer pool, so it will sell 80% of your stinkies for other coins.

Worse still, if STA whales cash out, the bot will sell more link to buy the STA. In the end, you withdraw a ton of worthless STA.

If LINK moons, the bot just sells more for STA.

>>19936955
Oh no it's balnacing out my funds to protect against the link/BTC dump dance.

Oh no i get a 7% return, fuck that sucks tooo

>wow 7% I wonder where that money comes from
>oh no I've lost all of my deposits oh noooo

>>19937080
>wow coin goes up in price
>wow its worth more now
Wonder where that money comes from

>>19937008
>Oh no, STA was just confirmed a scam.
>Oh no, I suddenly hold 50% of the STA tokens, worth 10% of what my LINK was worth.
Sounds great, you go first.

>>19936660
>>19937008

kek, muh early bird special...

Don't worry guys this totally insance 7%/week is for real and it's not too good to be true. You're just an EARLY BIRD

CCCAAAAAAA CAAAAAAAAWWWWWWWWWW

>>19937406
Actually you're early enough that BAL tokens could go from 17$ to 50$, 70$ before stabilizing at 30$ BAL is a token you earn by pooling which could moonshot by itself. You can also buy BAL directly instead of liquidity mining it.

Where do the 7% come from
Who's paying me 3k a month just for staking my linkies

>>19937557
BAL tokens. The more volatile the pool the more you earn and STA is in the top 10 most volatile.

>>19937592
So it's a ponzi thing?

>>19937592
no, he ment WHO IS PAYING FOR IT

is everyone just fucking stupid, there is no free money, statera provides no value therefor the money comes from someone elses pocket

literally biz 101

>>19937746
Balancer Labs is paying you in BAL tokens for providing liquidity on any of their pools. Quite the opposite the more people that join the less percentage gains you'll get from the pool because you have to share it with others.
STA fixes this by having a bot that provides the volatility normally people would provide.

And yes STA and Balancer Labs are not the same team. STA is just one of the many ERC20 tokens that uses Balancer Labs' public pools.

I'll only use this crap if it uses LINK oracles in the first place otherwise I don't trust it

>>19931140
It might reduce as more people use it, but who wouldn't want 7% a week for at least a few weeks or even months if they are just holding link anyway. Even if it were 1% a week, that would still be massive gains compared to your average savings account

>>19937406
You can DYOR and see that it is true. You can look at other pools if you'd like and see what their returns are

>>19937853
It comes from transactions that use the pooled coins. Like providing liquidity pair on an exchange will earn you rewards, this is just a decentralized version of that, and the rewards are really high right now because not many people are doing it. You can read the balancer article here
https://medium.com/balancer-protocol/proposing-balancer-liquidity-mining-cab4503972fa

>>19927515

>>19938616
what did i say about bumping your own thread little boy?

>>19938639
He was just baiting you into bumping it for him

>>19938639
Nuhhh Pepe don't hit me~~ I'll fund you a new comic book.