/biz/ - Business & Finance

Are people just shilling shitcoins that are associated with chainlink now?

>>19918575
if you bought aave or ren in the last six months, you are richer than if you had put everything in link

SCAM

>>19918602
what are you invested in? If I think it's a coin that will moon, I'll add a lot of time to your day by showing you don't need to cut other projects down to give it more attention.

Feels good being AMPL & BNT holder.

>>19919155
Every coin is going to do liquidity mining now

>>19919155
What's the poop looking one

>>19919268
Balancer

>>19919575
POO POO

>>19919238
Yes. But only BNT and AMPL are designed for it since the birth.
Bancor have 100+ employees, all working for 3 years+ trying to solve liquidity issues.
Ampleforth tokenomics is perfect for liquidity mining.
I'm shilling BNT on /biz/ since 3k, print this, AMPL is next.

>>19919902
/biz/ is so late on everything. I shilled aave for weeks without traction. No response until it moons. Then I shilled Ren for weeks. Now no one can afford a darknode.

This is an actual small cap opportunity where /biz/ can actually make an impact. Hopefully /biz/ follows my advice this time.

>>19920100
Hey anon, I shilled LEND at 300 sats here too.... Almost no one gave a fuck.
Hope you're doing well

>>19920146
We made it brother.

I’ve noticed no one pays attention until high res memes are made lol

Someone made this and the next day, /biz/ paid attention

>>19918562
the concept here is a very powerful one. money that can modify its behavior by retrieving information about itself from the real-world.

>>19920196
My girlfriend made this picture haha
I'm so happy that /biz/ liked it.
There is an "A.C" below the girl on picture, which means my gf name.

Yes, we made it
I discovered this coin thanks to /biz/, despite all scams here, there is DIAMOND's going on here.

>>19920332
That’s awesome haha you guys can literally cause small cap pumps with these

biz is too fucking stupid. watch the fomo hit in a few days.

>>19921252
Natural cycle of things around here.

I admit i'm an idiot. I bought 5k of this now I dont know what to do with it? Do I stake it on the geyser? Nothing complicated frens.

>>19921805
Half of that needs to be eth. You supply an eth/ampl uniswap pool, then put that in the geyser

>>19920332
how do i find a crypto artist gf anon?

>>19920100
what abt this $2m mc defi, AUC?

>>19921952
I still don't know how I got mine, sorry little anon.

what fucks me off is I bought on Kucoin for way over the price I needed to. Why the fuck is it even on there when you can buy it straight from Argent wallet or Uniswap!!!!!

>>19920332
yooo is this the based lana/ asian girl poster who shilled me BNT and LEND?

>>19921933
What does this even mean?

>>19918562
AMPL is the patrician's way to make it.

>>19922785
Yoooooooooooooooooo
We made it bruh, I'm glad you followed the call

>>19919155
It's 6 AM here and I'm somehow too retarded to understand AMPL.
I'm big in BNT Tho

These moments and the money we made, makes everything on /biz/ worth it.
LINK/BNT/LEND were life changing for me

>>19923195
Congrats anon

>>19923178
>>19923178

Could this bring HEX like gains? What gains are people expecting from this?

>>19923221
HOSANA PUMP IT

>>19923118
kek at the file name
ok this thread is fucking BASED
I love me some Kleros and Kleros girls

Expect this to be much more worse and evil than HEX :) Think of the most gruesome and evil gains possible.
Think 3 months +++ of daily compound interest.
Think trading economics which will rekt noobs.
Go read the "red book" on the amplforth website and blow your frikkin mind.
might be the single most pivotal article you read to directly make the most money off ever.

By the way, if you want to understand price/profit movement, you need to measure Ampleforth value by market cap only.

We're 12x from bottom already, few understand this.
Liquidity pool will bring us to ATH next days imo

>>19923249
Idk bruh, but a 5x is very ok from here, this liquidity pool can bring many options to lending platforms as collateral.
>>19923282
Hehehehe w-we kleros!

>>19923312
But I'm a simp? How can I ride this a d make comfy gains? Just hold and I will be ok?

>>19923356
>>19923312
Are you guys actually participating in the geyser?

This is gonna be huge
just bought $10K

>>19922250
enjoy for the rest of us fren

Yes. Participate in the geyser, $500k+ other value in 2 days agrees.
It gives you EVEN MORE AMPL supply - 75k going out to reward people in the geyser over 3 months.
Which also is subject to supply increases.
so it started at 75k, and now is 75.6k thanks to the first positive rebase supply change yesterday. Realistically it could be MUCH more than 75k going out - maybe 200-300k extra...

1%/day is 37x after a year. It's gone as high as 6%. Doesn't take a genius to figure out how such incentives can cause someone to want to keep it in positive rebase for quite some time

>>19924460
Is it better to stake in the geyser or hold AMPL?

>>19924575
Stake in the geyser
Zapper.fi could be useful

Stake! if you're going to hold anyway then you might as well hold and get extra incentives ontop of the rebase!

>>19924798
Someone on telegram said if you're staking then you don't benefit from rebasing. Like if you stake 1000 and the market cap doubles instead of now having 2000 apml you'll be stuck with 1000.

>>19925025
No , incorrect. you DO get both rebase AND incentives if you are "staking" in the "liquidity geyser".

>>19918600
fuck I wish I bought more AAVE

When is good to buy? Now or after reset in 17 hours?

Isn't the current geyser just a test net version? Also the minimum you can put on it is 0.01 pool tokens which is like 10k usd in ETH and AMPL

Good now. In 17 hours there will be a supply increase of 1%+ maybe 1.5%, so you will be buying 1.5% less of the supply than right now ;)

Current geyser is LIVE. And no, there is no limit. you can put in $100k+++ if you have it ;)

I haven't yet seen a convincing explanation why this is not a ponzi. Anyone up for the challenge?

>>19919575

Scam pump and dump. Pools were gamed. Then they decided to centralize the listing process as a panicked quick fix. Embarrassing.

>>19918562
so buy 1 dollar get one AMPL? help a literal brainlet out

>>19923249
try 3 billion

>>19926495
yes this

Just sold my 20k or so ampl on uniswap, I have to say this uniswap stuff is pretty nifty and I was probably only able to sell thanks to all the liquidity there due to the incentive program, while the bitfinex orderbook is razor thin. Held for a couple months but glad I could get out at breakeven desu.
I used to think there was maybe a nice niche in the ecosystem for ampl and the idea seemed cool but going over everything again I don't think there's a real point to ever using ampl.
Their whitepaper is nice and clear, but the red book is a bunch of hot air. I've come to understand all their claims rest on the idea that people will ever use 1 ampl as a unit of transaction without looking at the supply/rebases. This is just not realistic since doing so would mean letting yourself get fucked over purposely. E.g. for a short-term arbitrage opportunity they claim there is a window right after the rebase where you can sell your extra rebased tokens for the old, unrebased price. Why would anyone fall for that? It makes no sense.
If anyone can give a legitimate usecase I'll be interested to hear it.

What do you mean if you MISSED Ren and Aave?
sure i got in months ago but i expect them both to do at least another 5X yet, minimum. Missed.... wtf?

>>19915419
>Well, how can you use it as a stablecoin when your holdings get rebased?
Bumping with my question from last thread, not gonna let this thread die quietly like the last one as soon as difficult questions are raised.

You guys think we will go 50x from here?

>>19925722
What? I tested it yesterday with like 100 AMPL and 0.5 ETH

>>19928424
yes very good moon sirs

>>19928036
It’s not a difficult question you’re just a lazy brainlet. There’s a medium article that covers that exact topic. Go find it

>>19929780
>There’s a medium article that covers that exact topic.
There's no medium article that details how ampl can be used as a stablecoin despite the rebases affecting every wallet. I know, because I've looked at them all. If there is, please link it cuz I must have missed it.

>>19928036
its not fully meant to be a stablecoin.
think of it more as a traders coin.
the first goal is to be used as an alternative form of collateral within defi. Something that doesnt track and follow and dump correlated to bitcoin but has its own strong economic rules.
At low volume and liquidity it will be FAR from stable. But that's when its most opportunistic for traders and as a trader coin.
Now they are aiming for more liquidity and the tools and dexes and defi mentality is here in the market now to make this happen.
At a higher liquidity then it can be MORE stable, much more infact. Think $200mil market cap then it moves slower, dumps and rises less and can then be useful as a collateral coin and alternative instrument for decentralised finance .. for now, take a slice and enjoy the ride up getting there!

Ah, you mean the one about Compound where basically borrowed cAmpl is the stablecoin?

>>19930050
>Something that doesnt track and follow and dump correlated to bitcoin but has its own strong economic rules.
Like I said in the other thread, the effectiveness of these rules depends entirely on the mechanism of selling ampls after a rebase for the pre-rebase price.
>for now, take a slice and enjoy the ride up getting there!
I do hope this is an independent p&d and not the ampleforth team itself, jesus christ

Problem is so many projects are doing staking and defi blah blah. Not sure anyone cares anymore. Ren seems the best at this.

>>19926306
It's the opposite of a ponzi. Everything is tethered to bitcoin. ampl is like a reserve. Supply is elastic, and moves based off demand. It is immune to black swan events.

>>19930162
To elaborate, they say (here: https://medium.com/ampleforth/defi-needs-better-primitives-6402c633b799))
>As a result, profit-maximizing actors responding to these unique incentives, produce a step-function-like movement pattern that is expected to be meaningfully less correlated with today’s decentralized assets.
The viability of these profit-maximizing actors depends entirely on non-profit-maximizing actors who will take the other side of the trade. And I just don't think anyone will do that.

>>19919268
bank of india

I found this today. Seems like a similar project was tried. Definitely a cool idea

https://basecoin.cc/

One thing I worry about is why call it such a strange name. A stablecoin needs to sound like a currency USD something. I can't imagine ampl pairs? Def a name change is needed.

>>19918562
AMPL is like AAVE. People won't "get it" until it's made everyone rich as fuck, and they will STILL doubt.

>>19930447
THIS.

>>19923770
Nope. I don't participate on liquidity pools in any exchange.
I have no interest.
But I participated on geyser with 50USD just to see how it works and etc.
I like to use what I'm buying.

>>19930447
>>19930514
The value-add of aave is pretty clear though, and someone who claims to get it can explain it to you and then their story makes sense. Ampleforth has a lot of "nobody understands this you're so early it's genius just read the whitepaper" type shilling the past few days, but with the difference that nobody can actually explain the usecase in a way that holds up to scrutiny.

>>19930447
All I see is arrogance in your comment. Many good lending projects could of done well. You seem to of forgot Aave did well cause the bear market pumped a lot of stuff up. There are 1000s of potential Aaves. It just happened it was shilled to death here. These projects don't need much intelligence. If you really used tour intelligence then you would know.many projects are still hype with a token tagged on. If you were a genius you would of bought btc in 2010.

>>19930967
This is what made me buy DXDao. All the big brain stuff is some.of the worst investments

>>19930287
>The viability of these profit-maximizing actors depends entirely on non-profit-maximizing actors who will take the other side of the trade. And I just don't think anyone will do that.
iirc their rebase arbitrage example uses Uniswap. The liquidity pool is taking the hit and they don't have a choice in the matter unless they unstake every day during the rebase period.

imo this is the best ponzi coin ever created.

As long as the price stays above $1.05, you will get EXTRA tokens the next day. And yes, the higher the price, the MORE tokens you get.

Literally the best ponzi coin ever created but nobody is shilling this hard enough.

>>19931404
The number of tokens doesn't matter. Your percentage of the marketcap stays static. You can only increase your percentage by increasing the marketcap or staking.

>>19931365
Yeah, they say there is arbitrage between uniswap and bitfinex: with the rebase, the size of the uniswap ampl pool is changed (just like any ampl holder), which will immediately affect the uniswap exchange rate. So in that sense the uniswap price is always the "fair" price reflecting the rebase immediately. The arbitrage then depends on a "slow" trader on bitfinex not updating their orders with a new asking price. Which would just be stupid of them, a guaranteed losing play, so that's what I don't see happening in the long run.

>>19932003
for reference here's their article btw
https://medium.com/ampleforth/uniswap-ampleforth-is-kinda-magical-6262ea014404

>>19931459
Yes my bizbro. I'm saying that if you own 1000 AMPL today, and if the rebase rate is 3%, you have 1030 AMPL tomorrow.

Nobody will care what's their percentage of mcap is. All they care about is how much their portfolio increase (in USD or ETH) on day-to-day basis.

>>19927908
Same here

>>19931459
what are the staking rewards like

>>19930967
I agree with you anon. Spent a good chunk yesterday researching AMPL, and although it's a cool project I'm not completely convinced yet. Bought 500 AMPL to chuck in the Geyser to see what comes of it but I'm failing to see actual use cases as of now. I still feel like this will pump purely on the DeFi hype alone though, and the fact that the team consists of Americans with good credentials at least eliminates the exit-scam risk.

However, the way I see it, it's not just fast traders profiting off of slow traders by selling the rebase. If the marketcap of AMPL increases and you never sell the rebase, wouldn't your total ownership of the supply increase % wise? That's the whole point right, making it attractive for liquidity providers to participate in the ecosystem?

>>19932747
>i've studied this "slot machine" as you call it thoroughly. I just can't see why someone would use it....its mathematically designed to return less than was put in. Thanks for your offer to buy at 90% discount but I'll pass....people are just too smart to use it.

>>19932747
Literally zero use case like most other cryptos.

Gotta acknowledge that all cryptos are just vehicles to earn you more money sir

>>19931257
>There are 1000s of potential Aaves. It just happened it was shilled to death here. These projects don't need much intelligence.

lmfao u gonna die poor

>>19933192
But I'm already rich?

>>19932860
I'm not sure what you are implying here. I do have a stake in AMPL.

>>19933023
>Literally zero use case like most other cryptos.
Ehh, you're not wrong. Still, if you listen to the CEO and CTO talk about this project, they seem to be true believers. They actually are passionate about pursuing the creation of a stablecoin that is uncorrelated to, well, anything except the 2019 dollar. Part of me says that's enough to turn a profit on this

>>19933326

>>19932747
>If the marketcap of AMPL increases and you never sell the rebase, wouldn't your total ownership of the supply increase % wise?
Nope rebase doesn't change your % ownership.

>your last chance

Preying on fomo

Bumping this thread cuz I'm still waiting for someone to explain the usecase. Or have we already gone from "buy this it will be used" to "buy this there will be greater fools" in the span of a few hours?