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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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21975803 No.21975803 [Reply] [Original]

This is such a huge opportunity and I hope /biz/ doesn't miss it. A lot of people are in denial over this coin because:

A)They're friends with Hayden, the uniswap founder. Eth devs are fine with people copying ampleforth's rebases, but they won't let a grassroots community uniswap grow
B)A ton of devs wrote scripts to take all of the sushi liquidity immediately. Unfortunately, the pool was opened with a really high sush/eth ratio. These guys definitely got burnt.
C)Most importantly. A ton of eth devs and top wallets hold yam. Sushi will take hold of the meme investors, and it actually has UTILITY and a passionate goal. An AMM that benefits the community and not just VCs.

Most of these spontaneous defi projects launch and bags are filled too quickly. This is actually a blindspot for a lot of crypto. I wouldn't be surprised if this 10xs by tomorrow.

I really hope /biz/ throws a little into this. There's always risk, but the dev getting a quantstamp audit immediately upon getting funds is a largely positive sign of things moving in the right direction.

good luck /biz/

>> No.21975935

bump

>> No.21975952

Someone saying the price will drop to 1c why?

Am I not supposed to buy sushi and just farm it or something?

>> No.21976077

there will be a proposal to cap the inflation next week, it will pass and this will hit $100 easily

>> No.21976131

>>21975952
they're minting tokens like crazy

>> No.21976144

Biz is not going to make it with Sushi because they are going to say hurr is a scam dont buy and then FOMO at 40

They did it with YFI at 30$

>> No.21976260
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21976260

so, who is behind this? at launch it was immediately shilled by arthur hayes and apparently aggressively farmed by ftx/alameda. I don't think this is just a fork by some random nobody.

>> No.21976296

whats the supply going to be in a week? 2 days?
this will be whales dumping on buyers

>> No.21976313
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21976313

>>21976260
I have no idea. This guy basically gave the idea away for free.

>> No.21976604
File: 54 KB, 1200x675, sushiswapyayyy.jpg [View same] [iqdb] [saucenao] [google]
21976604

>>21975803
just made a x2 on SUSHI

>> No.21976696
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21976696

I bought the top again

>> No.21976777

>>21976696
You realize it was over $100 not long ago right?

>> No.21976807
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21976807

Yield farmers are in for a big surprise when their taxes are due

>> No.21976914

>>21976604
How? It is 98% down from ICO and hasn't pumped

>> No.21976932

>>21976914
Because it’s samefag scam spam and you’re replying to it

>> No.21976974

>>21976696
damn how high? i think this moons so you're probably good

>> No.21977002

>>21976974
2.95 I think
>>21976777
Nah kek guess I didn't buy the /absolute top/ but there's nothing like getting dumped on minutes after buying

>> No.21977432
File: 22 KB, 400x400, sushiswap.jpg [View same] [iqdb] [saucenao] [google]
21977432

>>21976914
What do you mean how did I do it? It was at 1.98 earlier today and peaked to 4.50.

>> No.21977459

>>21975803
circ supply? total supply? current price

>> No.21977538

>>21977459
3.8 million of 4,073,536 are circulating. Price is at $2.71. Best strategy right now is to farm it on sushiswap.org with ETH.

>> No.21977777

>>21975803

not only it got audited, he moved the ownership of the contract to a 48 hour lock action. So this prevents sketchy actions.

this project is the next YFI of LP

>> No.21977880

How do i get LP tokens?

>>21977777
Based quints

>> No.21978067

>>21977777
Oh GOD CHECKED
Also I am in earning those sweet sweet sushi's

>> No.21978081

>>21977880
You provide uniswap w/ 50:50 ratio of eth/sushi, it will "create" the coin when you add the liquidity, then you stake it at sushiswap.org

>> No.21978100

>>21978081
Err, not create the coin, but rather the token. So liquidity on uniswap, staking on sushiswap

>> No.21978113

>>21977538
How though. I have some sushi and eth and I cannot for the life of me figure out how to farm

>> No.21978134

>>21977777
all hail the chef

>> No.21978136

>>21978100
>>21978081
Is that a 50:50 ratio of amount of coins or coins value in $?

>> No.21978168

>>21978113
https://app.uniswap.org/#/add/0x6b3595068778dd592e39a122f4f5a5cf09c90fe2/ETH

>>21978136
It's a pair, so it would be ETH/Sushi they have a ratio and when you fill in one it will autocomplete the other

>> No.21978253

>>21978168
Are you no longer providing liquidity when you put them in the sushi farm? It no longer showed up on the uniswap liquidity pool once I add them to the stake farm

>> No.21978382

>>21978253
My understanding is once the tokens are made the liquidity is locked, but I could be wrong im a noob

>> No.21978389

>>21977777
Checked.

>> No.21978420

I've never done yield farming before. Is this just going to transfer wealth to whales as described by >>21974047 ?

>> No.21978422

>>21978253
The staking contract holds the LP tokens, you're still collecting swap fees and you can unstake at any time.

>> No.21978806
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21978806

>>21977777
blessed digits

>> No.21979394

Major YAM vibes. Shit's gonna pop hard

>> No.21979596

everyones lp tokens on sushiswap.org just got bricked by accident. this is mount gox 2.0

>> No.21979665

>>21979596
whats is the point of lying like this

>> No.21979713

>>21979665

fud keeps the price down so whalefags could accumulate

this shit is cheap as fuck for how much money is the protocol right now

i hate to see uniswap dai but this sushicorn is about to fuck it in the ass hard

>> No.21979795

AAAAAAAAAAAAAAAAAAAAAAAAA

>> No.21979846

totally new to all this shit.

what site/app do you guys use to trade in all these coins n shit?

>> No.21979945
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21979945

>>21979713
>Token circulation increases every second
>"cheap as fuck"

>> No.21979963

>>21979846
>was 2.6
>now its 1.8

are you guys sure this is a good buy? seems like a dud to me.

>> No.21979995

>>21979945

relative to TVL this is a steal even at $3

and TVL will continue increasing over the next two weeks

>> No.21980057

Someone break this down for me... I buy some Sushi at market cost, and then what do I do? Do I have to go to Uniswap to add to a liquidity pool?

>> No.21980095

This shit is massivelly overvalued, it will drop to pennies in a few days, its only profitable for whales

>> No.21980253

>>21980057
Buy sushi. Go to the liquidity pool through uniswap. Put in both eth and sushi. Take uniswap pool tokens but in sushi stake through their website. Claim tokens when farmed. Profit. I am not sure about. I will probably lose more on gass fees

>> No.21980300

reported scam