/biz/ - Business & Finance

>>21790325
i only have 2k link so i cant stake shit

I only have triple digits LINK

what do i do?

>>21790325
>staking is fud now
Time is running out trannies. Better accumulate as much as you can now if you want to afford a proper sex change op

>>21790325
I just look forward to seeing the settlement details, ie how they decide which node is wrong

ideally a deviation from the median or data consumer can trigger a settlement process that decides if stake is paid out, but how to decide on settlement?

>>21790412
Sell it when it reaches your sell point, forget about staking.

>>21790325

it was hard enough explaining it to Biz before it broke 5$, trying to do it now to all these faggots who bought over 10$ will be impossible.

>>21790325
>We're likely going to see staking released on testnet soon - how are you planning on making passive income from this?

By placing a bunch of temperature sensors around the city, linked to my personal Chainlink node. Weather dapp wants the weather from NYC? Ka-ching.

>>21790325
i'll wait for those who can stake to actually do so, reducing supply and driving the price up then sell 10% every few weeks until i'm down to half

>>21790369
>>21790412

Frens, you can still join staking pools. If you buy the LinkPool token you will be able to stake in their pool, and you could buy the lowest amount of LinkPool (0.04) for about 4 ETH right now.

At the start you will only be able to stake 200-800 LINK with 1 full LP token, but eventually this will rise to 10K+ LINK. So if you have 0.04 LP then you will be able to stake 8-32 LINK initially, and then 400+ afterwards.

>>21790441
I am actually not trying to FUD, I'm trying to educate so that people get their shit together and are prepared

>>21790445
Could you explain your question further "how to decide on settlement"?

>>21790481
I feel you there

Shut the fuck up faggot, those who know, the ones who truly understand where this is leading up to, are NEVER SELLING

>>21790561

Linkies think this is FUD lmao

Let me tell you something -- as an og muhreen who's hodled thru *two* sibos dumps -- I can feel the dump coming.

It's gonna be a bad dump. There'll be a mini bull rally leading up to Sergey's next public performance, but it'll turn decidedly bear from the moment that the Absolute Plaid Man clears his throat on the mic after presenting the third slide -- it's the same exact slides again for the umpteenth fucking time -- a sure signal for every woke whale to dump like a truck at the landfill.

By the time he says "thank you," LINK will already be at $10... the high intensity "painsaw" will give false hope of a rally before *every* recipient of LINK directly from the dev wallets dumps about 67% of their zero-cost completely free tokens.

You're gonna see 88% losses from ATH, a complete retracement all the way back down below $5.

Get ready.

>we're still going to $1k & beyond in future years

Staking will drive the value of the diminishing supply out of orbit and into interstellar space, never again to return to these sub-four-figure prices.

LINK is #5; it'll be #4 next year.

>>21790325
So why would you stake? Shouldn’t you just wait a few years and sell?

If staking is a risk ie lose whole stack if the provider you stake with fucks JP, it’s a game over

Shouldn’t we just wait on the sidelines with supply to fill the market as node operators inevitably eventually fuck up, lose stake, and need to reload?

>>21790801
If you stake with linkpool they will cover any losses their nodes make.

>>21790736
Watch them announce sigs and you'll feel like an ass.

>>21790727
This. I can't help it but laugh. Most LP hardcore believers are link maxis, but they know how staking will work (it's in the fucking whitepaper for fuck sake), meanwhile nulinkers think that when someone tells them they won't be able to stake they get mad
>muh coinbase staking
Good luck with that kek

>>21790325
Anyone who is planning on staking knows what is involved. Anyone who doesn't know what is involved has no plan on staking. Stupid thread.

>>21790849
It's because of his snarky condescending tone and he doesn't mention staking WILL eventually be available for anyone and the supply WILL be locked in staking sending the price up. He intentionally focuses only on the negative.

>>21790556
>how to decide on settlement
With 2 nodes staking and providing niche data, but the data is different, how do they know which one provided accurate information?

>>21790325
Even if i'm not able to stake on a node, I'll still be able to gain interest on my Link in a lending pool.
Staking will also drive up demand from lending pools, causing higher interest rates.

The interest rates and staking rewards shouldn't be too far off.

>>21790928
They don't. That's why this whole thing is a retarded scam. The problem space cannot be decided and will be subject to the whims of who profits liquidating stakie retards and nodes.

>>21790801
>>21790820

this Anon has it

>>21790824
don't think tsigs are ready, staking is more bullish for price I think anyway

>>21790849
lmao yep. if you wanted Coinbase "staking" and all of that bullshit you-put-your-LINK-on-my-CEX-and-give-me-custody you can do that right now with numerous lending protocols.

>>21790919
the idea that staking will be available for everyone is not true though, it's unclear if LinkPool will open it up for everyone.

Yes it's great for the price but that's not the focus of this thread

>>21790928
Depends on the parameters of the service agreement, you could have the majority of nodes be right, or take an average etc., I'm not really sure either but it will be interesting to see

>>21790325
The public being able to stake easily will coincide with the top of this cycle

>>21790325
To be fair, you have to have a very high IQ to understand how Chainlink works.
Its superiority is only hinted very subtle, and without a solid dose of advanced autism most of the Lambos will go over a typical /biz/tards head. There's also Sergey Nazarovas very nihilistic outlook, which is deftly woven into his characterisation, his personal philosophy draws heavily from /biz/ shitposting.
The real frens of course understand this; they have the intellectual capacity to truly appreciate the depths of this coin, to realize that it’s not just le funny memes. They know it also says something deep about the society we are living in.
As a consequence people who don’t trust Chainlink truly ARE idiots. Of course they wouldn't appreciate, for instance, the genius in Nazarovs iconic catchphrase
"Get in here faggot, we’re gonna make Crypto great again!"
which itself is a semi-cryptic reference to the amazing russian epic 'Crime and Punishment' or the struggle of life itself.
I'm smirking right now just imagining one of those addlepated simpletons scratching their heads in confusion as Sergeys genius wit unfolds itself on their screens. What fools.. how I pity them.
And yes, by the way, i DO have my wallet QR Code tattooed.
And no, you cannot see it. It's for the ladies' eyes only- and even then they have to demonstrate that they're within 5 IQ points of my own (preferably lower) beforehand.

This is a shit linkpool thread.
Linkpool is shit and they should feel bad about their crap terraform templates.

You've all been scammed when you could have had more LINK

>>21791090
that's what I mean, the whitepaper has always been pretty vague on it. I wonder if they will include the option to appeal to a larger range of nodes for settlement if there is a dispute.

>>21790325
>We're likely going to see staking released on testnet soon
cool

>how are you planning on making passive income from this?
I will not sell my linkpool, since I am smart and bought some 2 years ago especially for this exact scenario, which we have had 3 years to plan for.

>>21790849
>>muh coinbase staking
>Good luck with that kek
?
CB is already staking for some other shitcoin
my expectation is they'll stake your link for an expensive cut that's worth it given the safety margin coinbase provides over random_teenagers_defi_chain_house_of_cards_very_secure

>>21791157
>>I wonder if they will include the option to appeal to a larger range of nodes for settlement if there is a dispute.

>insert pajeet comment about kleros court

>>21791217
Again, staking with LINK isn't staking with Tezos. You actually have to do work with LINK, provide data. The staked links are just a secondary security mechanism.

>>21790325
https://vocaroo.com/h4vnIf6ll1k

>>21791260
I said nodes, not literally anyone. Kleros is not Sybil resistant at all, it saddens me that biz takes it seriously these days.

Americans can't buy link pool it's illegal. Otherwise I would have bought.

>>21790481
>I missed out on profits before $5 because I'm a retard. Now I'm seething and trying to make myself feel better by doubling down on my retardation and telling them they'll see I was right all along.

Just two more weeks!!!! :)

>>21791457
I know nothing about how Kleros works i was just making a joke desu

>>21791405
thanks anon
won't the people doing the work want to borrow link to stake from anons like me, creating a secondary market??

>>21791217
1. Coinbase provides staking as a service for PoS blockchains. PoS blockchains have several specific features (the more you stake, the more you earn; there is always a minimum amount of their crypto required; there is no maximum; and every node validating that blockchain is entitled to the same amount of rewards since EVERY SINGLE NODE is validating a chain).
2. Chainlink staking is different: there is a maximum amount of penalty (staked) amount of LINK required; every oracle will earn a different amount of LINK since their income will depend on their performance, their particular demand, the demand of the data they provide, the clients they have; not every node will be used. Staking pools are actually nodes borrowing link to users in order to meet a certain demand of link as penalty but if they already have that link they won't have to share their payments with you. Furthermore during the first years the demand for penalties will be extremely low.

>>21791217

Again, this type of staking is essentially staking as lending, and not staking as a penalty deposit for node operation

if you want this type of "staking" go lend your LINK to Binance or DeFi right now

>>21791260
Kek

>>21791705
this may actually happen, but if you wanted to let someone borrow your LINK you can do that now, Binance and other DeFi platforms will give you interest right now. But the point is, most of us don't trust these CEX's/projects.

>>21791705
My speculation is that Sergey has been giving out these links to approved node operators for free for this reason. Look at the current node operators, they are earning thousands of links per months. Plus if they really need links, they can just borrow it with defi, without having to cut their profits.

>>21791818
DeFi is pretty trust worthy desu.
The only issue I have with them ATM is the size of the pools.
The easiest way for a whale to get a massive amount of Link without instantly driving up the price is to borrow a massive amount from a lending pool and then wait for liquidation.
Once the pools are larger, I'll start lending my link.

>>21790325
You read to much of /biz/, you missed the point of investment.

>>21790556
> 4 eth for the rights to stake 8 link
kek

>>21790325
Question as a brainlet/linklet who has been all in since last year (6k link), is staking even going to be worth it for someone like me? Or am I better off just selling at a high enough 4 digit number?

>>21791953

I personally don't trust it yet and see a lot of risk, but the beauty of LP is that Jonny is also a Chainlink team member and you won't have to give custody of your LINK to LP in order to stake with them.

>>21792062
Lol yes this does look bad but it's preparing for the future

>>21792093
It's really hard to say mate, you have to consider whether or not it's worth it for you

>>21792093
wait until there are more nodes creating pools. LP is a cash grab. once there is more competition between nodes there will be a lower financial barrier to entry for retail investors. it is in the nodes best interest to get as much link in their pools as possible

>>21792093
You'll be able to deposit your LINK on AAVE and make at least 4% APY when node operators decide borrowing LINK is necessary.

>>21792223
this guy fucks

>>21792223
Is there a risk of losing linkies doing this?

>>21790489
Nigga, we already have the weather in NYC

>>21792279
If you have no understanding of AAVE and how to manage risk, yes.

>>21792172
>>21792187
>>21792223
TY for honest answers friends. I'll reassess when it becomes a serious option and something to consider. I'm hoping discussion on here will improve once link hits triple digits and nulinkers stop arguing over whether they can still make it or how sour these grapes are.

>>21792279
>>21792324
this is safe only until the collateral of the borrower is unable to purchase the amount of link you are lending. there is inherent risk but it would be a black swan event

>>21791217
You are retarded. LINK is not PoS. The "staking" is just locking in the collateral for the jobs. Which means coinbase 1. must run a reliable chainlink node (not realistic) 2. Have good reputation (no one will pick coinbase node, because they are late to the party) 3. Have jobs that require gorillions in collateral (not possible)

Linkpool is the biggest node operator currently and they only earn 30k linkies per month for all the contracts they are processing. For the current data a collateral of only about 100k LINK is needed. Optimistically.

>>21792345
>deposit LINK on AAVE
>borrow DAI
>deposit DAI in DAI yearn vault
>make 51% APY
You could do this right now.

Why would I not sell my 10k link at 100$? I really don't see the point in just having them as passive income.

>>21792442
THIS is how people are making millions in defi right now. very few are talking about it because its so lucrative

>>21790325
You can already stake LINK - AMPL
https://www.ampleforth.org/geyser/enceladus-mooniswap-ampl-link/

165% APY atm.

>>21792597
I only told him because I know he won't do it.

What do I do to avoid losing my staked linkies from providing bad data?

>>21790325
LP

>>21791113
Sergey hates that image

>>21792667
short answer: dont put up a neet node. there will be products that hold node operators accountable for pooled tokens

>>21791113
baste and underrated

>>21792709
Wrong. It's his flavorite.

>>21790325
binance or coinbase
funds are safu

>>21792442
>>21792597
>>21792644
How is this better over just putting it in other yield farming projects with higher APRs? The risk involved?

>>21792644
checked
and desu I'll look into it. that said I'll keep lurking, every piece of fud I ever saw about link eventually gets refuted if you look hard enough, I imagine the same will be true of AAVE

>>21792820
He said he doesnt like the nazi memes.
DYOR newfag.
t. Block 133

>>21790489
Do you have a permit for that?

>>21790556
>you will be able to stake 8-32 LINK initially, and then 400+ afterwards.
yeah, you really going to be rich from staking those 400 LINK
Fucking retard

>>21793021
You're the newfag you stupid cunt. Hitler's New Dawn is no different from the current NWO and instead of ovens ushering it in it's technology. Chainlink is bringing our yellow stars and tattoos. Turn your fucking brain on.

>>21792911
if you're planning to hold link long term this is a good way to earn passive income before staking is available. i was just referring to using link as collateral and not specifically the apy for lending dai

>>21790441
It's not FUD. It's keeping people grounded and temper their unrealistic expectations that any node operator wants their Link. It'll be profitable but not for most people on this board.

>>21790325
Is staking supposed to be FUD now?

>>21790556
So a linklet with 2000 LINK would need .20 linkpool right? Is the dex available for burgers? Will I get in trouble if I use a vpn?

>>21793129
fuck off nazi fag

>>21793792
gayfagjewnigger

I really don't get the point of staking. It's supposed to be a system that keeps node operators fair and ensures that clients don't get fucked by malicious nodes, but it doesn't matter at all if you consider other factors. If given the choice between a 10k LINK neet bedroom node and a 0 LINK Google node, business will pick the 0 LINK Google every time.

>>21793969
This

>>21790325
The possibility of random NEETs running their own nodes to make money isn't really a factor that will affect price. All of LINK's price action has nothing to do with how it affects regular jackoffs, even all of us combined.

That said, I think at a point it will be possible to stake your LINK in other pools and I think at a point holders will be able to run their own nodes.

>>21793792
Kys you oven dodging rat
All kikes will burn

>>21792187
>it is in the nodes best interest to get as much link in their pools as possible
Most nodes will become staking pools by using the "Staking for all" contracts of Linkpool, so they don't have to create it from scratch and audit it. They'll pay a monthly fee to linkpool, which will get distributed among lp holders. LP owners are the new landlords

>>21792223
This is a good answer

>>21792442
>>deposit DAI in DAI yearn vault
>>make 51% APY

How do I do this?

>>21792223
You can get 1% APY by deposting on Binance at the moment.

>>21793969
Link is the collateral dumbass. 100% of the risk is on node operators so no one will deploy a high dollar smart contract and use 0 link nodes

>>21794975
Just deposit link into aave and deposit into yaLink vault. Don't need to take dai in collateral. Don't use your whole stack only as much as you would be comfortable losing. This may become a less of a problem when the insurance vault is active in future. Plug in your public address https://yieldfarming.info/yearn/yvault/ and you can view rewards and historic returns.

>>21795211
Thanks anon.

>>21795211
>>21794975
I should also specify you will get aLink from aave which you then put aLink into yaLink vault. Once they reopen yLink vault you can skip a step and just deposit to yLink vault, no need to use aave as this will be handled for you in the backend.

>>21795211
Where's the option for yeild farming on aave?

>>21795283

Where is aLink ? I don't see it in aave

>>21790325
>only true if you hold LinkPool

>>21790325
Yeah but it doesn't matter, after staking becomes a thing it will be only a matter of months before other Linkpool competitors start cropping up. Everyone will want a slice of the pie

>>21792442
Or you could just deposit LINK on AAVE and then go to Yearn and deposit your aLINKs to get 70% APY

>>21795369
>>21795390
You won't yield farm on aave, you simply deposit your link into aave. This process will give you aLink back your your wallet. This aLink can then be deposited to yaLink vault on the yearn finance site. Keep in mind this will cost gas multiple times, so don't play with 50 bucks. Probably want a minimum of 1000 bucks worth of link. And also there is risk, so rememeber to only put as much as your are willing to lose. There are lots of smart contracts involved and protocol risks that could destroy your stack. If you are very risk adverse wait until the insurance vault is created.

>>21795422
checked, good thing with Linkpool is that the staking profits are only shared by the node share holders so it doesn't get diluted down

>>21795545

I see what you meant...

How much risk is there ??
If link's price drops , you could lose it all?

>>21795611
If it drops 10%, it's basically gone. Insanely risky.

>>21795611
Link price would have to drop 75% before a rebalance occurs to lose your funds. But there is other risk on the yield farming strategy. A smart contract could have a bug that could drain funds to a hacker for example. Or maybe one of the stablecoins in the pool loses its peg and then that causes funds to drain. I only use about 10% of my stack to yield farm right now. If you want to be less risky you can just deposit to aave for aLink, but your returns will be very low, less than a 1% usually, depending on demand for borrowing link at the time.

>>21790445
As I understand it, the aggregator has a range that is considered acceptable, and anything outside that range is penalized.

There will need to be some secondary proofs though. If my node calls the binance API, and it returns a fucked up number I shouldn't lose my link for that.

So maybe two + nodes call the same API? Or it's a time aggregated thing?

I honestly don't really know

>>21791090
LP will eventually be public, but they're goal is to never be more than 10% of the network because centralization.
So once the network grows it'll be staking for everyone, but until then it's an exclusive thing

>>21791818
Thanks for big brain try hard post op

>>21795701
Why does yieldfarming.info show the APY daily for aLINK in the yaLINK vault is only 2%, but then shows the weekly APY which is 80%? I deposited 3424 aLINKs 3 days ago and I'm only at 3430 aLINKs currently. Why are there 2 different APYs?

>>21793282
No man, we're just good Samaritans trying to get in front of the monster fucking dump when people realize what staking really is

>>21796060
This is just showing the historic value for the last day. So last time it sold for more yaLink it only made a tiny percentage. So if you took that tiny percentage and expanded it for 365 days it would generate you 2% APY. The weekly one is historic value for the past 7 days, then if you expand that for the year you would get 80% APY. These values change all the time, so the weekly value will give you a more accurate idea. But no guarantee that that level of yield will last off a whole year. It will likely taper down to say 10% at some point. It's only able to generate so much due to incentives and hype right now.

>>21796212
Oh ok so as long as the weekly keeps showing the 80% for example and I hold it there for weeks, then that's what I'm making weekly right? For a moment there I thought I was maybe doing something wrong.

>>21796286
Yes the daily will only show the percentage you made for the last day. The weekly for the past week. So if shows 1% you made 1% for that week. These are just the historic values thay shift everytime it buys more yaLink for you at end of day. If you continued to make 1% every week for the rest of the year (unlikely), then you'd make 80%. Does that make sense?

You wont need to enter a staking pool to get yields on your link though, which many who shill LP seem to forget. There will be, without a doubt, easy to use services where you can lend your link for a passive % yield

>>21790445
>ideally a deviation from the median or d
Linkies don’t realize how difficult this is to implement properly and the team doesn’t even talk about it. Do they even have any data scientists on the team?

>>21790325
Can i benefit from staking with only 3k LINK? How? Would a fren please point me—a brainlett—towards some resource for me to DYOR

>>21792442

can someone explain this to a smoothbrain?

Just buy Tezos

>they don't know that chainlink staking is already out

>>21793078
Don't need a permit to put them on roofs I already own, anon.

>>21795651
I don't think that's true, they always keep a health factor over 4

>>21797288
Based
>>21797584
Yes that guy is full of shit.

>>21796110
>No man, we're just good Samaritans trying to get in front of the monster fucking dump when people realize what staking really is
Nice try kike. I’m not fucking selling. Stop samefagging to make it seem like people are agreeing with you

>>21798120
I dunno, LINK always dumps on good news, and staking is considered the best news of all. They might be onto something, anon.

>>21790325
> This is only true if you hold LinkPool
how do i buy this? please help me i am retard monke
https://www.youtube.com/watch?v=rxhPI-ACYSk

can someone post the deal or no deal link pic with the norf guy not selling please

>>21798240
Can you sell and post it? I’ll do it too if you do

>>21798376
kek I'm never selling. They will never get my linkies until the price is at least $81k, at which point...I am still never selling. That said, the logic is sound, knowing what LINK does with bullish news.

>>21798429
Why are you holding if you can’t even stake it your retard?

>>21798495
Liked the memes

>>21798534
No you’re just a disgusting tranny to scare away the newfags. There’s literally, and I mean absolutely, no fucking reason to hold link if you can’t even stake it

>>21790325
ANOTHER LP SHILLING TREAD

LMAO IMMAGINE BEING SO MONGOLOID THAT YOU INVESTED IN THIS SHIT INSTEAD OF MOAR LINKIES

AND NOW THEY TRY TO COPE WITH THAT WITH THESE TREADS

MONGOLOIDSSSSSSSSSSSSSSSSSS

Futures trading are derivatives. This part is obvious but then I remembered crypto exchanges like binance who works with link and is in bed with link, trades futures. The reason why crypto price calls like ETH and BTC are key is because the derivatives that will be used first is the futures market on binance.

Daily binance futures volume for bitcoin is around 500 million. For bitmex it is around 1 billion to 14 billion.

If just 1% is used as a chainlink fee then that is 5 million USD a day MINIMUM through the link nodes that are staked.

Lets say 90% of circulating tokens are staked.

That means every chainlink token, just off binance bitcoin futures " BTC price-getting" would make 0.015 per token per day.

That means a 10,000 link stack that is staked just to retrieve the price of BTC (not even other futures) just for binance's (not even including other markets like bitmex) bitcoin futures with 90% (insanely high since more than 10% wil be on market) will bare minimum generate $4500 in passive income per month.

Don't forget, that the $5 mill in fees are not paid in USD but are $5 mill worth of chainlink tokens. Where are they getting this supply of tokens? From the market, aka that 10% still for sale. With so few tokens for sale as they are being staked, the price goes up.

Example: you are placing a $100 futures bet in the binance btc "will btc go up or down" casino and you pay the dealer (chainlink node) $1 to get insured, decentralized info backed by google, intel, swift, oracle, etc. However the $1 fee is paid in link tokens, but there are not many for sale as they are being staked. Now your $1 can only buy 0.001 chainlink tokens, but that is fine because that is how much insurance you need.

But then you will say, "Wait! What if the number of tokens staked goes down and the market gets flooded? Wouldn't the lrice of link go down?" It sure would, BUT the fewer tokens being staked means the passive income in USD (not in link tokens) goes up as that $5 mill USD fee is now being split up between fewer tokens and nodes.

This then drives more people to stake and fewer in the market and the cycle continues until it reaches an equilibirum. Except this equilibrium only increases in price with more volume. Imagine if it was bitmex futures for BTC AND ETH amd not just binance and just BTC. That is 0.57 USD per token per day. Or $171,000 USD per month in link tokens in passive income from staking.

Again, this would NOT be link in the $2.40 price. Meaning you don't get 71,000 link tokens a month for a 10,000 link stack and compound it forward. You see why that is stupid right? Instead it will be more like 171 link tokens per month for a 10,000 link stack so next month your stack is 10,171 and so forth, EXCEPT this also would make 1 chainlink token worth $1000 USD. This number was used as an example, as the speculative equilibrium price between staking and sellong can only be guessed, but the USD amounts work. 1,000,000,000 tokens is not enough for $1000 USD.

>>21790441
>>staking is fud now
ALSO THIS

LAMO THESE FUCKING TRANNES HAVE BEEN PUTTING SO MUCH NEGATIVE INFLUENCES INTO THIS POOR ASSET

THOSE FUCKING SEX WORKER DISCORD TRANNY FUDDERS ONLY GOD KNOWS HOW MUCH I HATE THEM

EVERY NOW AND THEN THEY COME UP WITH NON SENSE TREAD MASKING IT AS ''EHY ANON MAYBE YOU DON'T KNOW , BUT I KNOW AND I AM HERE TO TELL YOU''

ALL WITH PATETIC DRAMATIC TONES


LINK 1000 END OF THE YEAR AND FUCK YOU

JUST BINANCE? Who we are in bed with? JUST TO GET THE PRICE OF BTC? Which we have been doing for 4 months? Whenever staking goes live my dude.

We are not in the crypto business. We are in the casino business. The example I gave is just in the tiny, baby casino of "binance's BTC futures". Chainlink is the dealer at the casino verifying hands and we get a 1% fee for every hand. Jist for this baby casino, we as dealers split $5 mill USD per day in "tips" with more going to the marines with more tokens staked. THIS IS THE BARE MINIMUM. What happens when we add the "guess the price of ETH game"? Or add the casino of bitmex? We aren't even talking about mainstream futures...

We are talking about our own crypto backyard being bare minimum 0.015 USD per token per day.

For those that still do not understand. Binance is the casino. The game is "will btc go up or down" aka btc futures. The dealer is chainlink getting a 1% fee/tip for every hand played. How much money that is per day is something you can google.
Hint: It is $5 mill USD per day. Spread that across the available tokens and tell me how much USD each link token makes per day?

COINBASE WILL IMPLEMENT STAKING SO FUCK OFF YOU AND LP

Aren;t LP tokens super fucking rare and expensive? there's only like 3k LP tokens too

>>21796538
They already exist.

>>21792449
would you want 1 million short term or 50k-60k a year for free. That is with a conservative 5% return and link ONLY being $100.
You can blow 1mil and thats that, you are priced out and unable to get on again but the bigger picture is being comfy and not settling for less

Is someone planning to create a company to reduce his staking related taxation?
I just checked and the maximum tax rate in Germany can go up to 52% when staking as a private person...
However selling Link after holding 1 year is tax free if you don't use it for staking.

Honestly in my opinion the link market will follow as such, comfy chainlink holder will lend their chainlink to a lending platform with a high degree of security , this platform will then lend their stinkie link to a small/medium node for staking, its a less direct way of "staking" for the average holder, but!!! this way you take risk of the ecuation but will get less reward this way......still.....we are talking that even a nulink stack of 1k will get enough linkie to have a comfy live if not truly lavish lifestyle....sub 100 link......the will get a forever plus to their official salary....not much, but if they are saavy they will use this as freemoney to another investment risk free.

Feeling comfy.....and also and advice to all newcomers........the first year or even the second year also......DO NOT SELL YOUR FREE STINKIES, ADD THEM TO YOUR STACK TO GET COMPOUND INTEREST!!!!

Link pool is the niggers and kikes. I'll just stake from my ledger

>>21799396
Anon........you are a european citizen right? go to poortugal, not tax to your crypto in any way , cheap , stable , sunny and whats more, less inmigration than other places of europe, they basically get only brazilians....... the only downside of portugal is the low salaries.....but we don't have to worry about that right anon?

I kinda wish I'd paid more attention to crypto the last few years. LINK actually sounds interesting and my 69 LINK really isn't enough to ride the staking wave. Hell I remember when BTC was cool because you could buy drugs with it. That's not to say I didn't make a good amount of money with BTC but I could have made a lot more if I'd actually paid attention to white papers and stuff.

>>21799936
There's a high ranking Portuguese Freemason with an Instagram who posts frequently. Very crass. Are you familiar with this pervert?

>>21799978
don't feel discouraged bro, i only learned about link las summer and i had to really run to get a measly 7.3k stack, a year before i would have gotten around 80k stinkies.....still we cannot despair of what it could have been , we need to look to the future, let your linkies grow in a lending platform(when we have a bit more history with them, they are new and thus risky) let them grow compounding them and using this money you will have the means to invest in a future moonshot with crypto or with other investments.

>>21800060
Nah, i'm a poor spaniard who got really late to link(last summer) but managed to secure 7.3k linkies leveraging all my disposable income plus savings.....I will get in the rocket to the moon even if it's a passenger class!

>>21799936
so the plan is to open a bank account in porttugal andto cash out Link there? No taxation at all for trading? How is this possible?

>>21793969
How many newfags.. shit
Link is a collateral

>>21800320
pretty much, remenber though, you need to spend atleast 6 months plus one day in portugal and be i don't know how to spell it, make a register with the portugal municipality as that you live in a house in that town/city.... and thats it. you are know fiscally living in portugal and portugal doesn't tax crypto
https://www.portugalhomes.com/news/article/170/cryptocurrency-is-tax-free-in-portugal

> mfw more freee linkieeees

>>21795545
>wait until the insurance vault is created
what is insurance vault?

>>21795283
>I should also specify you will get aLink from aave which you then put aLink into yaLink vault
what's the point of getting a/yaLink instead of hlding the real Link?

>>21800361
Read my post again, but carefully this time.
Reputable brand-name nodes offering no collateral will always be more popular than backyard notes with large collaterals.

>>21799936
I think Malta is also a good option.
I just don't know what I want to do and where I want to live when I make it.
Having a company for reduced staking taxation could be an option until I travel a bit and decide where to go.
I am also recovering from a burnout and don't want to learn again a new language.
Unfortunately my home country is even more fucked than Germany...

>>21800591
They will be adding some insurance soon to guard against stack loss.
https://medium.com/iearn/yinsure-finance-a-new-insurance-primitive-77d5d4217896

>>21800652
yeahhh.......until you get in to the game of slashing noodlets, I mean, why use only google with low or not collateral when you can get apu the node whisperer whit his measly 5k stack of collateral and zero reputation.........the odds of apu fucking up are pretty much even......you use his service plus several low collateral but high reputation with a low priority/important contract .....if it works you made some money and apu got some linkies....but if apu fails? you get part of their stack (as it is slashed and rewarded to you), and still get the job done as the other nodes gave a right answer......the risk is not in using a poor/bad node....the risk is being the poor/bad node.......we are gonna see some pink wojaks in the future because of this.....yes anons your neetnodes will be like candy to contract users

>>21800320
>>21800534
That won't work for USA citizens, you'll still owe income tax. I know, it's bullshit, but I'm not sure it's worth renouncing citizenship over.

>>21801135
thats why I asked if he was a european citizen, your IRS is worse than a cartel, still look for puerto rico....it's not paradice but i think it also doesn't have taxes for capital gains......if you have enough money you can move only in rich neighbourhoods minimizing your risk of mugging......plus.......get cutie latinas.......puertiricans some are really cute.....some

>>21801016
Im an old fag with over 100k link, I normally ignore defi yield scams but you have my attention.

Why is the ylink vault returning 80%apr? From what I understand the link is used to purchase stable coins with the highest borrow rate, but how does any stable coin have up to 80%? Why would anyone be borrowing that?

>>21800633
The protocol needs to be aLink because one of the steps of the vault involves borrowing stablecoins as collateral in aave to yield farm

>>21801346
Impressive stack frend. I believe it is abusing incentives and yield farming pools and it sells it every day to buy more yaLink. You can see the strategy employed in this site https://yieldfarming.info/
Don't expect 80% apr to last forever. This is an unstable apr.

>>21790325

Why are you absolute idiots talking about fucking interest?

Because that's just your little crypto-kiddy word "steaking" really translates to.

Why in the name of SWEET FUCK, would anyone participate in this gigantic ponzi casino that is crypto, JUST TO COLLECT WHAT IS ESSENTIALLY PITIFUL BANK INTEREST?!

How financially illiterate are most of you?

>>21791620

I own almost 80k Link. try again faggot

>>21790369
>>21790412
>imaging having less than 10k Linkies

Here is a rough illustration of what is going on with the yaLink vault. Keep in mind though this is just one strategy, and the vault can use many different strategies to farm the best yield.

>>21796588
Actually, yeah, we do

>>21802252
4.6K stacklet here, considering yield farming my stack. How do you exit? What are you paid interest in? Is there a market for the token you’re paid interest in?

>>21796588
you'd need to implment some probability mechanism that looks at what probability the deviation from the mean would mean the data is wrong. This would need to be agreed before hand that a payout occurs if more than 1% of the data is in accurate.

>>21801674
kek, imagine that your bank when it pays interest in your account instead of dollars payed in actives that can apreciate or depreciate with time, that would make it more interesting right? well Myself and I suppose several more anons like me think that the idea of getting interest in an asset such as link that has the possibility to aprecciate to the fucking sky ,as it's used as colleteral for a wide ranging of contracts, it's a fucking fantastic idea. We are going to the moon anon, and this interest? > it's the fucking fuel.

>>21802632
Read the diagram near the bottom. It farms yield and sells it to buy more yaLink which you can use to redeem link. Exiting is as easy as withdrawing your stack from the pool. This can be done any time. You will pay eth gas only. I think you only pay a small fee going into the pool, nothing coming out. Another nice thing about the vault is that it is consistently market buying link, helping to drive up the value of link every day.

>>21802252
To break this down, its basically just deposit to AAVE and get alink then put that in the link yearn vault and get ylink and sit back and profit right?

>>21803103
And get yaLink, not yLink. And basically thats it. Don't risk more than you are willing to lose. I only yield farm about 10% of my stack. I might do more when they release insurance vaults.

>>21802919
It's funny how he calls others financially illiterate but can't wrap his head around the fact that staking cheap coins to sell later at 10x is better than any interest rate a bank could provide.

>>21803231
thanks fren. Yeah was thinking 10% tops of my stack as well.

>>21803332

>>21803332
Good luck fren. I recommend checking out yearn finance Twitter. Lots of good links and information there.

>>21803396
Are there known all in degens? I’m already all in link anyway, may as well go all in yaLINK. Fuck it.

>>21803439
I don't know anyone myself who is. I'm sure there are some. I would very strongly caution against it. I hope it pays off if you do. I would be immensely sad if I lost my whole link stack, so I am not risking it myself.

>>21802252
Is there a token to get a dedicated tax accountant to make something that can be reported out of this?
Linkpool dividends are already giving me a headache without staking enabled.

>>21803668
Haha I wish. Not looking forward to next tax season...

>>21791217
This is why I hate the term staking when it's in reference to Chainlink.
You nuLINKers get confused.

It's easier for you to think of "staking LINK" for like collateral.
Node Ops will lose some, or all, of their collateralized tokens if they violate service agreement and/or fail to maintain the minimal balance required.

As another Anon pointed out, there is far more 'work' involved when running a CL node.
you have to build the necessary external adapter(s), subscribe to API feeds, monitor your node and all its jobs to be sure it's working as expected.
If an API goes down, you can bet that a node operator is pinging the team to tell the API provider to unfuck themselves.

friggin cloudflare breaks shit too.

It's not as easy as you nuLINKers think it is.
Try deploying a node yourself.

Flare will expose chainlink desu

>>21791142
fucking based and poolpilled.
LP are good people and their terraform is on point.

>>21803695
I hope you won't wait for the last moment to start doing it, or you are going to rediscover the horror of student projects with 40h continuous working time without sleeping...

How often do you get a taxable event with this system?
Every day or hour?
If you report everything as pure income at least you won't have to explain how you got interest on a borrowed asset.
The worst part may be that you are taking a risk of losing your taxable income if you don't cash out your farmed yield the day you receive it.
You would have to sell every day what you get, or have enough cash to cover your losses if you keep everything or sell later.

>>21803977
Seems to occur once a day. I plan to start in January.

Probably one of the best /biz threads in a while.

>>21791217
coinbase will still use market.link ....run by who?

Running a chainlink nodes takes the same skill as being a Site Reliability Engineer/DevOps Engineer and they make money cause the skillset is demanding.
There's going to be layers of abstraction eventually that will add secondary markets and way for people to 'stake' their links for diluted returns.

The solution to taxation is simple. Organize an army, march, on washington, and demand they stop taxing crypto, or else.

:D

>>21804517
I think I might just move to Portugal at this point lol. I have no idea how I am going to calculate the price of link at the time of distribution from yaLink vault. It doesn't show up in my wallet into its been withdrawn.

>>21804706
I just threw 30k alink in the yVault, we'll see how it goes I guess.

Curious how the conversion rate works, my 30k alink turned into less yalink, im assuming because of the conversion rate, but the rate still looks smaller in alink value. Is this because some amount is used in gas/locked up in aave or other places?

>>21803931
>pDedDnld
>p Ded Dnld
>pretty dead donald

uhhhh

>>21805055
So does that mean you'll get a 61% return of Link at the end of the year? That massive.

>>21805055
Fucking boss man, could you make a post next weekend to tell us how is it going? use this capture so we know it's you, myself and other anons would greatly appreciate it

>>21805055
Have you checked you can get your regular link back as well?

>>21805055
Tbh I'm not sure why it's less yaLink you get back. I know on the stats website it shows the conversion ratio of yaLink to aLink. God speed with your gains fren, id advise to hop on the insurance vault once it's released for yaLink. And please don't curse me if you lose your funds lol.

>>21804706
That's what the excel sheet and your hands are for.
You can write down every day your income and the price of the gained asset.

That's also a good thing to do if you play around with a token associated with a complex contract, because it's quite hard to see what happens with it at the moment.

>>21805199
That's a historic value, it is not guaranteed to last all year. Depends on how long yield farming craze goes for and all these current incentives.

>>21803899
> I could lose my link if I run a node
I'll just keep holding my 13.67k consider it out of circulation

>>21804399
The knowledge required to run a useful node is so extensive that it will have to get high returns to pay for the required skillset.
You need someone to get data to sell and make contracts with companies with this data.
Then you have to set up the infrastructure with enough redundancy if you manage to set up your system without losing your funds...
You need marketing to sell your data and to get customers.

I have no idea how a NEET node is supposed to work, but if it gets easy enough to just run a script and rent hardware in the cloud it won't yield higher returns than if we were trying to sell the currently available cloud infrastructure to a third party as a middle man.

>>21805478
Just put the link to work in a linkpool node. They will cover any losses from nodes that fail.

>>21805521
Does it mean Sergey will cover the losses with his big 600M+ wallet?

>>21805588
Johnny will cover with his personal stack.

head over to this thread if you post fud or don't own LINK
>>>/hc/1766496

>>21805588
Well we know Avi won't be letting go of a single Link.

>>21790325

I have held link since 2018 but I've never read up on Linkpool--- I only know burgers can't use it. What is the advantage of it? Is it just the rights to use a ready-made node in which to stake your LINK and receive your fees as an oracle node? Or is it a pool you deposit LINK into and they manage the node and you get a share of the pool's node fees?

Is there any indication that Americans will be able to use it soon?

>>21805055
based. Did you use a ledger on yearn? Everytime I load my ledger it loads the default wrong address. Don't see any option to change it either

>>21805996
I setup my ledger to access mew interface, and then hooked it up to metamask. Then you use metamask to interact with yearn.

>>21806093
Thanks again, figured it was something like that. Had no problem with Aave and was able to select the ledger live one, but will do that for yearn.

>>21806113
No problem fren. I'm sure there are other ways, that's just how I have hooked it up.

> staking == inflation
> linkpool 4d chess move, send bad data and slash the staked link of suckers
> broke tokenomics confirmed

>>21805675
Technically 300M of Sergey's stack is reserved for node rewards and incentive.
He could use this to cover errors in the initial development phase if it was needed.

>>21806093
Are you using a VPN to hide your IP when accessing mew with your ledger?
I am starting to get paranoia after the last Ledger customer leak incident, that it may be a good idea to hide your identity when using your wallet.
Mew could also be compromised or sell your data if it has some requirements to keep all the data for a few months...

>>21790325
your a dumb ass.
Node operation and staking ARE NOT THE SAME.

Sergey has said staking from his own mouth. he is a intellect. he meant staking .

t.insider but wont dox.

>>21806379
hey there insider. won't ask you to dox. but can you shine some light on why staked.us, a node operator, has listed Q3-2020 for link staking, then last night updated it to Q4-2020? will this coincide with the upgrade to BSN on oct 31st (the last day of Q3)? What's happening there?

>>21806379
You're not an insider.

Sergey mentioned staking because it is an industry term, and conceptually similar.
It's closer to collateral than what most people consider staking.

quit trying to LARP.

>>21806478
Because it got delayed?
Q4 usually means the end of November.

>>21806283
I haven't bothered, I didn't have my address leaked, and I changed addresses anyways. I haven't accessed my ledger via mew in a very long time. I just view my public address on etherscan.

>>21806654
The "?" was supposed to be a "." I was stating that it updated from Q3 to Q4. The BSN upgrade is an event that happens on the last day of Q3.

>>21797149
how much clearer can a anon make it?

>>21790325
>This is only true if you hold LinkPool,
no.

>and they can lose this LINK if they give data that goes against the parameters of the contract.
no.

The fudding attempts just get funnier as weeks go by. LINK is the token that can work through the LINK network. You're going to need it in order to get to all the other datafeeds. If you don't have LINK then you need to either buy or rent it.

>>21805055
i put ~700 link in since your post. have you seen any updates or anything? any info on the payment schedule?

>>21805055
I'm not sure how to do that stuff and I'm afraid of losing my LINK. It also seems so many are doing it now that something is gonna give.

>>21807122
It updates once a day it seems. Plug in your public address here to view how much you are staking and historic roi https://yieldfarming.info/yearn/yvault/

>>21806750
Aren't you afraid someone could find out where you live through your IP address the next time you use your wallet with its private key to do something else than viewing your balance with your public key?
I have so much money in my wallets I am starting to seriously fear bad events.
I don't like banks but I may keep one part of my holdings in one in the future if they can hold it for me with proper insurance in case of a loss.

>>21807237
Hey friend i have explained it in this thread, just scroll up and check my posts.

>>21807272
I suppose it is possible, but I am not a whale or anything I only have approx 8k link. I might consider more strict security measures in the future, using tails os and vpns for example.

>>21806599
wrong. 2 different way to participate in the chainlink economy.
Node operators will be making more returns, unquestioned. yes, a specific autist skillset is needed to accomplish this, and rewards its efforts.

how can the pioneer link buyer smooth brain participate? staking as a service

more light will be shed in due time.

>>21792187
I thought this too but the point of lp is to get early gains. What I mean is right now the price of link is cheap so you would get paid more in link per job. Iff one job is 200$ and on link is 200$ then you would be getting paid in link

>>21792279
Don’t take out a loan and you should be good

>>21792442
>trusting your one ticket to financial freedom in a smart contract before you made it.

You get that people in this space are always trying to rip people off right?

>>21807571
Hey buddy chainlink won't be able to get you to make it status considering you don't believe in smart contracts.

>>21808251
I don’t believe in smart contracts that are subbed out to jeets on fiver

>>21808279
You are a fuding retard. You can go view the code yourself, and it has been audited.

>>21807364
Ah, you're talking about something separate from direct node collateral.
Carry on, Anon

>>21790325
Yes. Buy more Link.

>>21790736
rgr that sarge!

>>21792639
biz won't understand the ampleforth geysers for a few more weeks. I suggest not mentioning it anymore. keep taking in that apy on your own. enjoy the high apy before everyone else gets in and lowers it.

>>21791062

This plus we can get smart contract insurance soon from Nexus Mutual for YFI Link vaults. I tempted to put in 1000 LINK and let it ride. The Nexus Mutual insurance fund for YFI doesn't have any liquidity yet unfortunately nor do the Curve pools. Uniswap insurance LPs have tons though and the insurance is only 1.3%APR plus another 400-500 in the Nexus token. Its legit as fuck considering even the USDC-USDT LP on there is making 15-25% APR.

At this rate we never have to even cash out anymore just the fiat you need for bills, property, and self sufficiency. Not to mention I'm pretty sure Celsius offers direct USD loans on crypto collateral which would be tax free in the US as taxes aren't applied to loans. I'll be looking into Celsius soon.

>>21808324
>Dur uh it has been audited dur. That must mean people can’t lose money dur

If your not worried about repacked boomer loans being a problem then you’re a fucking idiot

>>21790441
this, kek

fuck it. i want going to say anything, can't help myself though. you are all so close.
all the yield farming u want, all the vaults and liquidity pools you want to access, can be reached through zapper.fi. not only that, you can deposit any asset into the pools. yaLink vault for example: u can deposit dai, eth, link, alink, and I think a ycrv. zapper.fi takes care of the swaps behind the scenes. makes.it easy as fuck. only one transaction instead of multiple deposits of diff collaterals across diff platforms. I just pay the $60 gas fee because eth is crap. also, use the yield farming page to find your best %

>>21810144
>1000 LINK
nobody has this many LINK

>>21801346
>>21802252
hey im also a fellow og with 100k LINK stack looking to connect with other link whales and smart holders. can i contact u guys on a throwaway email or something?

>>21810266
this. tired of the larps 'round here

>>21805055

What a Chad...do you have more LINK than what you threw in there?

>>21810144
Yfi will have its own non kyc insurance vaults soon. That's when I will put in some more link.
>>21810349
Eh man I only have 8k link I'm not sure I'd be worth your time. But we could make some emails if you guys are down.

>>21810461
yeah man drop a throwaway and i can reach out (can show proof of bal). keen to just chat about yield farming etc and other ways to stack link

>>21810266

I might even do 2000 LINK lmao probably not more than that though until I know its secure. Don't feel like losing a portion of my Golden Willy Wonka tickets

>>21810144
Wow I totally forgot about Celsius. So much cool stuff. I was considering cashing out some of my link to buy a home buy looks like I could convert it to eth and use that as collateral.
This bullrun is going to be amazing with all the actual utility of crypto.

>>21810532
LinkFarmer@protonmail.com

>>21810461

Holy shit that's based are there any time frames. When was this announced?

>>21810613

It just has to be direct USD given from the collateral loan. If its a stablecoin and then you cash to USD through Coinbase or something its still taxed. Hell I'm going to check out Celcius now. I basically have a pseudo cash out strategy in the works. I don't see how many trad investments can compete anymore once protocol risk is properly hedged.

>>21810649
https://medium.com/iearn/yinsure-finance-a-new-insurance-primitive-77d5d4217896 for more info. 'coming weeks'

>>21790736
When it drops, we just buy more

>>21810705
So basically they need to be able to direct wire into your bank account? Looking at it it looks like the 33% LTV looks like a pretty fair balance. So basically you pay 2.7%-4% interest a month depending how you pay then at the end of the 6 months to 3 year term you pay the lump sum you borrowed back?

>>21810751
>https://medium.com/iearn/yinsure-finance-a-new-insurance-primitive-77d5d4217896

Thanks

>>21810864

I haven't actually checked their loan terms yet I will now. A direct wire would probably be neccesary. It just has to go Loan-collateral-USD. If you could somehow get USD on Celsius and send it to Coinbase or Gemini that would probably be fine as well as long as you don't buy anything in between

>>21810627
stinkylinkyOG@protonmail.com

other link whales feel free to connect

>>21811964
Replied already brother. Probably going to sign off now. Cheers.

This was a good thread frens. Learnt many new things.
t. 30k link ico hodler sick of all the usual pajeetery

>>21810864

https://blockfi.com/home-loans/

It doesn't look like Celsius gives USD directly which is unfortunate. However Blockfi does but I would DYOR on the company.

>>21799107
Yes but they arent operating a node themselves or lending to someone who is, i.e. only speculation and no value creation

>>21802216
1000 links is now 15000 dollar, new normie buyers will not put so much money in it

>>21790736
Screencaped

>>21790325

I keep my linkies on binance bc I’m too retarded to not fuck up private keys. So I figure I’ll just leave them on coinbase and get whatever % they provide from their staking service.
t. 13k big boy

>>21813016
Thanks ill be looking into this more soon.
There might be a chance too if one were to let banks hold your crypto you could qualify, though not my favorite idea. Still pretty cool all the options that are coming and ways to pay monthly payments with defi

>>21813574
You could do an LTV of 25-33% Give them 3x-4x of the collateral and it might be 5-8.5% APR on the loan and then put that amount of stable coins in Curve pool or maybe just Uniwap USDC-USDT even and make like 15-25%. I.E. You borrow 50K USD and then put 50KUSD in an LP and it pays down the loan and then some while keeping your ETH collateral. Once the market takes off and I have like 2-5 Million to play with its going to be fucking awesome. I'm 8-15x away from that. We are literally going to make it!

you mean yflink staking?

>>21814692
No that is clearly a scam. YFI yLINK vaults

sub 90 IQ ICO buyer here. I wanna try defi lending shit but I'm like 99% sure I will get scammed at one point, feels bad I'm just gonna continue to hold like the good little cuck that I am

>>21805891
Linkpool is a company that have a few monetized services: they run a node, they created market.link, they will turn their node into a staking pool and allow others to turn their nodes into staking pools using their audited contracts for a fee.

The catch is they tokenized 100% of their token income into 4,000 LP tokens and every LP token is traded around ~30k USD, since each LP token entitles you to their income / 4000

>>21806936
>and they can lose this LINK if they give data that goes against the parameters of the contract.
>no.
YES. Check the whitepaper https://link.smartcontract.com/whitepaper

>When an oracle service provider
bids on a contract, they commit to it, specifically by attaching the penalty amount
that would be lost due to their misbehavior, as defined in the SLA