/biz/ - Business & Finance

>>22344844
Can’t I just hold BTC, ETH, LINK or any other coins and balance my own index fund?

Yes, but can you add in a way to collect dividends (>36% APY) on your coins based solely on their volume/trading? Can you add in a mechanism that causes constant upward pressure in your index fund? Can you capitalize on every arbitrage opportunity for all the above coins to auto-balance and make gains when possible 24/7? Can you do all of the above in a trustless and truly decentralized (largest holder ~6% of supply) manner?
What is the low volume/high volatility problem?

If an asset or contract has low volume, then it is susceptible to high volatility. This leads to the premature failure of many promising projects and contracts early in development and is one of the main barriers to a fully decentralized and digital world. A simple quant balancer cannot solve this as in finance 1.0 because if the volatilty is too high then such a balancer is subject to fail also. However, the addition of a deflationary mechanism creates inherent feedback ensuring that it cannot fail unless the entire digital market (ETH, BTC, LINK) collapses. It allows new projects and new contracts to solve the initial growing pains of high volatility and manipulation.

But what if bad actors simply manipulate STA?

This is why the fully decentralized aspect is important.

>>22344854
But what if no one uses it?

Then it fails. However, here are some possible reasons to support why it will be used include: First-mover advantage (FMA) and simply put, people are already using it. If BAL and subsequently Phoenix go on coinbase then it will not be long until STA is cemented as the industry standard. However, this is the key. If we do not utilize this tool, then it will fail. This does not mean we need more people buying it. But more people using it and allowing it to be integrated into their pools, funds, contracts, etc. If more projects integrate it then new buyers are not necessary and therefore new holders of STA are not needed to generate income using STATERA as a community balancing tool.
Why is the price so low if this project is so promising?

This project was greatly anticipated, and it is still very young (4 months old) and it was very bullish since its inception. However, BALANCER labs was hacked utilizing the STATERA deflationary mechanism which has since been fixed utilizing the Delta token. Even more impressive is that STATERA and then BAL refunded the tokens lost during the hack which given the steep increase in price of the tokens we far more money than the initial investors lost. Crypto YT personalities such as Bitboy crypto, Chico Crypto and Ivan on Tech have all promoted STATERA with Ivan and Bitboy promoting STA and the applauding the refunds separately.

>>22344871
So why is this a moonshot?

Given how young this project is and the rapid growth it has had from $0.03 to a local peak of $0.46 followed by a correction to $0.15-$0.30, it has garnered great interest in /biz/ where it is now behind chainlink as one of the most promising projects for a "long-term hold". The number of holders continues to grow and is currently at ~4400 with volume rising regularly and recovered significantly since the price dip from the BAL hack. However, despite how bullish the community are, it is still only a 11 mill mcap to 30 mill mcap coin. Given the use case and integration with blue-chip coins it is not unreasonable to see it achieve an mcap of a top 50 coin, but that is conjecture on my part. Beyond this the project's team is actively working on new ways to increase liquidity, volume, transaction fees, arb opportunities, etc. by getting STA listing on multiple new exchanges including 5 new exchanges coming in September 2020, and new integrations and pools for STATERA to balance.

>>22344844
KEEP IN MIND THAT THIS IS A LONG TERM HOLD. THE 5X ARE NOT A REGULAR OCCURENCE

Love my statera. Confident in the future, this will be in every index fund available.

>>22345295
B-bbut-bbut you were suppose to be the bitcoin of DeFi, you were suppose to be PIVX, XVG and YFI incarnate. You were suppose to be the chad coin, not the underdog.

Also this coin seriously need a better arbitrage bot, and a hell lot more pools and direct pairs and a way to yield farm directly for specific pairs.

how does statera incentivise volume by burning tx fees? wouldn't that do the opposite?

Can we have a decent STA thread without stupid shilling or the retarded boring FUD?

When is this shit going to $1 so I can dump it?

>>22345703
so don't have a STA thread at all? Ok, got you.

>>22345678
It incentivizes volume in the pools

>>22344844
Pump when? Also does coingecko accurately show number of coins left?

>>22346576
Etherscan has the most accurate supply count.

>>22346601
Has anybody tried to extrapolate what the remaining supply will be in near to medium future? Say EOY?

Sta has already made it. Reality is just catching up. It’s a fucking tontine idiots. If no one else but me holds it and pools all the fees of Link and Eth go up. Idgaf if no one else buys, I’ll slowly get to 99% of the pool and rack all the fees as more pools integrate it.

In other words, it’s a fucking scam and you should not buy unless you want to lose all your money.

>>22346174
how does statera incentivise value? nobody explained this yet, I didnt see it in the medium

>>22346726
80 million left EYO

>>22347010
Sounds about right at this volume

>>22346726
For the past month the burn rate has been around 50k tokens per day. Assuming the rate stays constant about 5.6M tokens will be burned so the supply will go down to roughly 80.4M tokens from the current 86M. With the current rate we are looking at about 60M supply EONY.

So far around 15M coins have been burned in roughly 100 days, so the rate has gone down considerably from when the price was lower/volume larger. If STA happens to gain more traction the numbers will obviously change again.

>>22345714
>When is this shit going to $1 so I can dump it?

>>22346836
This. Whale here. Do you understand that I could literally run the pool myself and get a MINIMUM of 36% APY from holding crypto my crypto in Phoenix? Why the fuck do you think we would sell lmao. Last man standing becomes one with Thanos even if price went to 0.001 which it never will unless crypto dies.

>>22348193
>Whale here

It's already a practical farming token, but it lacks volume, pairs, pools. YFI and every YFI clone only work because they have pairs with high volume. Without being paired to every coin the arbitrage bot is useless. The smartcontract is immutable, but the arbitrage bot isn't, it can be changed.

>>22348323

>>22348193
I had actually thought about this. If the moonshot never comes, could I just pool my whale stack and collect the fees forever? Even without regular volume, I should still get the BAL tokens. And the other 4 tokens going up and down would cause STA to move around, correct?

>>22348506

>>22348620
That’s all there is to it. We win regardless of what happens.

>>22348829
that's... actually pretty awesome. I mean don't get me wrong, I'd much prefer the coin pump again and everyone who has been holding since May be rewarded, but its nice to have a backup plan for some passive gains.

>>22344871
>But what if no one uses it?
>Then it fails.

>>22348620
Yes, this is why chinese whale and TG whale refuse to sell (along with the top 25 wallets currently). They keep fucking accumulating and the last whale to sell off his wallet lost it all in sushi. So statera currently has "smart whales" holding and an idiot whale who left to get scammed.

>>22349017
Meaning if BALANCER stops using it for Phoenix Fund. I as a whale will just use it. EVEN IF ONE WHALE USES IT FOR PASSIVE INCOME IT WORKS.

>>22349022
>statera currently has "smart whales"

>>22344844
how about deus registrars, a basket where you yourself can pack in any off chain and on chain assets you want, unlimited posibilities

>>22349022
I'm out of the loop, which one is tg whale?

And I thought China whale sold a portion for sushi and made a mint on it. Or did he buy with different funds? Sorry I check in regularly for announcements but haven't kept up with what fellow whales are doing.

>>22349663
China whale has only split his tokens into two wallets (#1 and #4 currently), other than that no action besides adding and then removing liquidity with 3k STA.

>>22347540
>>22348323
>>22348397
>>22348624
>>22349343
You're trying too hard, Pajeet

If you actually want direct answers from the big STA wallets, read this thread. You probably won’t see us here again.

85 million sta waiting room btw

>>22349820
They must have promised to buy his XMM bags if he can shop dog shit pictures all day

>>22349851
How many STA you hold?
What are your other holds?
Price EOY?
Price EONY?
When more exchanges?

>>22350077
>How many STA you hold?
Won’t say exact amount. A little more or a little less than 1% if the total supply.
>What are your other holds?
Won’t say since someone might find out, but you could probably guess.
>Price EOY/EONY?
As stated, it doesn’t really matter since I could pool regardless, but my guess is quite a lot higher considering that... sorry cannot say. :-)
>When more exchanges?
Well, I know that there... sorry cannot say. :-)

>>22344844
Still holding STA
Comfy level 8/10
STA bros are still going to make it

>>22351174
>sorry cannot say

>>22351207
>STA bros are still going to make it

>>22348193
>kills crypto
heh nothing personnel kid.

>>22351266
>personnel

>>22349851
Any new info about the OKEx listing? It was talked about for a while, but I haven't heard anything recently

The bottom is in. Let's go up.

>>22351174
Very helpful. Thank you for your time

>>22344854
>>22344871
We NEED some good meme images, these are too cringe / reddit tier

>>22351665
>We NEED some good meme images

>>22351339
Won’t disclose any unofficial info. Also, we are the bigger investors, not the devs.

>>22351853
>we are the bigger investors

>>22351665
These threads are all cringe and reddit tier thats why I no longer make memes for you faggots.

>>22351882
>make memes

>>22351904
Based

I hold 60k+ sta , if I want to pool, I should pool after a pump right? then unpool when it's dropped & buy more sta? also is this right: I pool my sta in delta pool, & get delta tokens. I can then pool these in phoenix pool if I want, or just hold delta tokens? what is the advantage / disadvantage of pooling delta tokens into phoenix pool?

>>22345714
What, your 10k?gtfo

>>22351174
These are the direct answers I was hoping to get from these rare wallets. Thanks!

>>22352500
>I should pool after a pump right
Yes

>then unpool when it's dropped & buy more sta
Yes, although you don't necessarily even need to buy more. When the price drops the pools sell other assets for STA, so when you unpool at the bottom you will have more STA than you started with

>I can then pool these in phoenix pool if I want, or just hold delta tokens?
Yes

>what is the advantage / disadvantage of pooling delta tokens into phoenix pool?
Delta is more volatile as it's ETH and STA 50/50. You gain BAL tokens if you are in the Phoenix pool and it has less risk as it's bound to BTC/LINK/SNX aswell.

>>22349343
Yeah still 60k$ in profit with STA, more you will see in entire life

>>22352763
got it thanks, so if I pooled delta into phoenix, to unpool I'd sell bal tokens (gained from pooling into phoenix) back for delta tokens, then sell/unpool delta back to sta?

I'm pissed I didn't pool at 0.40, I don't know what I was thinking

>>22352995
>to unpool I'd sell bal tokens
Bal tokens are the bonus fees you receive. You would use the BPT (Balancer Pool Token)

>>22351904

So the STA fudders don't even fud anymore, just literally post pictures of dog shit? How creative

>>22351904
bloody fucking bhenchod! Stop this nonsenses!

btw im going to be a millionaire eony because I hold a big bag of sta. cheers to all