/biz/ - Business & Finance

>>23773384
because it's a meme that doesn't actually do anything

STA is a token to enhance the performance of index funds, it's not an index fund in itself. that said, when large volumes of STA is pooled it will be far more dump-proof. cbf spoonfeeding so just go read the whitepaper. right now we haven't even lifted off yet. get in now or get in at $10.

>>23773384
>If sta is an index fund that tracks these other tokens, why hasn't it gone up with them?
Finally, he grasps why STA is a total scam

>>23773384
nobody wants to spoonfeed brainlets dyor

I should’ve never bought this crap

>>23773384
Because the token is in fact not needed
If you didn't understand yet that STA is nothing but a pump n dump scheme to cash in on the desperate you'll never gonna make it

>>23774248
So it's not an index fund in itself? So the way it acts in the delta & phoenix pools are just an example of how it will act in any pool or any coins? Can you elaborate more on this? That would make sta much more subtle than I realised

>STA price above 6c
>biz gets filled with STA fud threads

Every. Single. Time.

>>23773384
>>23773677
>>23774277
>>23774361
>>23774403

>>23774572
Yup

>>23773384
because shit coin not needed. Sta will continue to bleed to 0 and will be dead by March 2021

OK
It's a fucking scam.

>>23774732
>>23774766
>>23774403
>>23774361
>>23774277
>>23773677
unironically all 1 post ID's as fuckin always

>>23774844
now two
it's still shit

>>23774929
You seem really dedicated to a coin you imply you don't own. I guess you're just tired of seeing it and want to help anons, right..?

>>23774929
It is cheap enough, how poor are you? Just buy like everyone else faggot...

>>23775079
i came here to shitpost once and kept the thread open since /biz/ is so slow right now
i don't call 2 sentences "dedicated", but yeah if i were more tired i'd word filter it
>want to help anons
it seriously doesn't do what people think it does
even look right now where eth, btc, and link pump 15% and this goes down
it's not an index fund it's a burn token with a gimmick

>>23775131
i'd rather hold actual eth, btc, and link than some fake shit

>>23773384
the index fund isn't the STA token. fund has a volume of like $5k on a good day and a total size of something like $150k. it only exists to make it seem like statera is somthing more than a deflation meme token

>le 1% burn

Just go buy rottenswap or some zany flavor of the week 5% burn token

>>23774409
Pls respond someone

>>23775149
>>23775141
and why is it fake, please tell us, with facts of course...

>>23775943
it's a burn gimmick
what else is there to make it "real"?

>>23774409
Exactly.

Currently the balancer pool has very low liquidity as well as low volume. More liquidity = less slippage = more trades = more volume.

People are pooling out because they are expecting a pump. If they stayed pooled while STA pumps, they end up having 20% of the pump or so. (right now it would definitely have been better to stay pooled since everything is mooning except STA, you'd collect fees from the Phoenix pool volume as well as an increase in the pool value).

STA added to an index fund generates volume since its price is bound to change from the deflationary nature (same buy pressure -> lower amount of coin -> price rises). It is on a larger scale but to give an idea: this forces the balancing of the index since you sell a number of STA to balance the pool, supply diminishes because of burn, STA price rises, you actually need to sell more than you did to account for the burn since it is still worth more, you sell more, it rises again, etc. Same thing the other way around. The deflationary aspect forces the price to change, which in turn forces more trades, which in turn forces more price change, etc. Ends up "volume farming", accruing fees and rising in price. It boosts the apy% of a balancer pool.

When a lot of people are pooled, it makes for a lot of liquidity which prevents the dumps (more liquidity = less price swings). Right now most people unpooled, so liquidity is low and price change will be more violent, downside and upside. There's a whale that has over 2M token that's been selling 60k everyday for a while now, which puts downward pressure on the price and since liquidity is very low, it makes the swings more scary.

>>23776147
Why would a nigger with so much STA be selling the bottom?

>>23776147
Ho Lee Sheet anon, it's just clicked. So sra is in fact 2 parts - 1) the token which is deflationary so will always cause some movement in price of sta, & b), the pool in which the sta token is a part of. & It's the deflationary aspect of the sta token that is what benefits the pool (ie Index fund). Is that more or less right? Also, us it worth looking done sta into phoenix right now, since Eth, link & BTC look like rising further

>>23776203
He's been selling for a while about 60k per days, and he "invested" a part of it to buy the top of CORE. He's definitely not making bright decisions: selling STA at the bottom and buying CORE at the top.

>>23776225
*sta

>>23776225
We've been expecting a pump for a while now, we definitely would all be a lot richer if we all kept it pooled, + it would be better to unboard more holders since we'd have a pool that is "worthy". Problem is, everyone pooling out makes the pool less interesting for arbitrage and reduces APY%, which in turn gives the illusion that STA is not working while its doing exactly what it is designed for. A few news are around the corner but team is being very silent about timelines, and nobody wants to catch only 1/5 of the pump... If you're pooled with say 1000 STA and it pumps x5, you only get x% of that pump (x being the % of sta in the pool). You would indeed end up with less STA, since some of it would have been spent into the arbitraging to balance with the other coins (btc eth snx and link). You could end up with only 500 STA and suffer big impermanent loss for example.

You should always pool when it is crabbing (to accrue fees) or at the top (reduces the dump in 2 ways: more liquidity = less dump, and the dump of STA is split between the other tokens in the pool, which means just like you get only 1/5 of the pump, you get only 1/5 of the dump). The only time you do not want to be pooled is when it is pumping, since you're reducing the pump factor (remember: more liquidity = less price volatility) and you're also gaining only 1/5 of the pump.

Balancer pool: https://pools.balancer.exchange/#/pool/0xcd461B73D5FC8eA1D69A600f44618BDFaC98364D/

Yesterday apy% even though STA didn't pump was 20%, today we're up to 10% right now (will grow with volume). That is not counting the fees received by pooling sta in UNI as well as the BAL tokens received.

You can also see the trades that have been made in the "swap" tab, you'll see quite a few trades involving UNI V2 (which is the sta uniswap liquidity token) even though STA didn't move much in price. It's volume is derived from the price changes of the other tokens.

>>23776231
Good to know it is just stupid money.
STA trading hands.

>>23776225
Realize I didn't answer your question about if it would be worth pooling right now, well yes it can be worth, depending on how long we keep crabbing. If it dumps further you'll be "safer" but if it pumps you'll lose out (still gain but not as much). If you know what impermanent loss is, then it is the same principle that applies. If you'd pool now and plan unpooling in a few years, you're pretty much fine. If you're looking to pool and unpool for pumps, then I'd say you have a chance of missing the next one.

>>23776053
asking you again, why is it a burn gimmick...?

>>23776423
>>23776518
Thanks anon I can see how you'd lose out if you pool/unpool at the wrong times. I hope it pumps without needing people to pool as everyone must be waiting. I can see how the sta token would be attractive to balanced pools now though. I hope the ddv team isn't abandoning it & come through with the improvements

>>23776747
I don't think they will, they definitely didn't issue a 500k+ usd refund (in STA) to let the project die when it was the result of a hack that had nothing to do with the STA team. They still have their wagecucking lives though so they're working on STA part-time, not paid full time to develop. It's why it takes more time to develop but I'm confident they will come through with it.

The pooling and unpooling procedures are not simple for a beginner (or even someone that has been in the game for a while but not necessarily looking to "learn more") which is why it is not made for the laymen right now. Also, the stats (burning, apy% from balancer and from uni) aren't easily found if you don't know where to look.

They're developing a dashboard which won't make it pump per say, but at least it'll help onboard new holders interested by the somewhat low-risk/high apy% pool and retain those users. It won't make it pump by itself, but now that it'll be beginner-friendly, team said they will start marketing again and this is when it could take off.

There is also a second "secret" project in dev which rumors say is a home made version of balancer as not to rely on them... And be able to pool STA instantly instead of having to gain UNIV2 tokens. Doing so would me every single trade in the pool that includes STA would contribute to burn instead of having to rely on arbitrage from the fluctuating value of UNIV2 for the burning. I'm honestly not sure if that is the project or something else but like I said, after going through the whitepaper multiple time to understand thoroughly, as well as making calculations myself, talking with members of the team and going through balancer's whitepaper and discord, I'm confident in STA's returns for the future.

>>23773384
Statera is not an index fund in itself. It's just a deflationary token, which is to be used in part of "balanced" index liquidity pools to gain wealth over simple stable coins.

You have to throw it in a balancer pool to allow the algorithmic trades to happen. If no one is using it, as alt season is not in swing and unforeseen developmental delays have preventing widespread usage of Statera, the coin will just crab. You can invest in it if you believe in the project, but I strongly believe in researching the project yourself before going in on anything.

-Heavy sta investor

>>23777043
No need for statera to do it themselves when a perfectly good option is being custom made for them.

The new project will bring more volume and resurrect something OG staggots have been missing.

>>23776439
Only stupid money trades sta yes

>>23776747
Get a grip ffs, you are obviously new here and in crypto I assume as you were asking what is whitepaper but remember, people talking shit about elgit projects are either fuders, people looking to get the price down so they can buy more cheaper, or just regular losers that lost on trading said coin. Nobody is abandoning project. Although there is no official team behind it, there are people in it who are working on STA full-time. BTC also never had official team, anyone can make STA better if they have skills and promote it. Dashboard and project is in making, it will come out soon. If there were no dashboard, then they would say there is no development and it is shit. There is always something you can find to FUD even if it's huge larp. Buy, sell, hold, or neither, whatever, but if you know, you know, and as far as I go, I know and I will be here till $$$$$.
>>23777043
This also...

>>23776747
And then again you will see 98% of comments as 1 post by this ID like those two:
>>23777142
>>23777162
just rambling how it is a scam and noe need for statera.
And when you ask them any legit explenation as to why like this >>23776716
you will not get an answer, never.

>>23777043
very intersting. It feels like sta needs to be the kind of project that once everything is built and functioning, can just be left to do its thing without needing regular updates. I didn't realise the team were waging at the same time but that makes sense. I wonder what led them to come up with the idea in the first place, let alone implement it

How much sta should I aim to hold & what proportion to pool? How bigs your stack?

>>23777124
Yes I get it now and have to say, it's genius, u understand the benefits. Hopefully in 3-4 years it will be widespread across a range of crypt funds and pools and be seen as beneficial middle ware to any pool

>>23777265
gangSTA here, i plan to sell a bit at the top to build my stack as this is my biggest investment, and i need the eth to pool. planning to sell ~30-40%, pool ~30% and hodl the rest, depending on what happens of course

>>23777332
How will you know when it's the top?

>>23777349
i will pray, swingers get the rope and thats what i will have done

>>23777349
he won't, he just hopes he will sell the top

>>23773384
it doesn't actually track the index which makes it pointless. you'd have to be a literal retarded nigger to be still holding it.

>>23777433
Checked dude read >>23777124 & >>23776147

>>23777200
>just rambling how it is a scam and noe need for statera.
>And when you ask them any legit explenation

>>23777525
yup, get some help cuck. tell your doctor why you are fuding thread and crypto which you supposedly don't have.

>>23777265
Currently a gangSTA, would like to be a STAggot in the near future.

>>23777265
Meant aiming to be a STAutist soon.

https://youtu.be/S8GIZlWLkpY

Watch this statera video

>>23775079
>1 post
>wow 1 id posts
>2 posts
>wow why are you so dedicated to fudding my shitcoin

Fucking pajeets i swear

STA 1c eoy Screencap this now

How much can you get in passive income from fees if you pool $3k?

>>23778652
Not an insane amount, the point is you get something. Also remember it is 1:1 STA:ETH.

>>23778652
>>23774307
>nobody wants to spoonfeed brainlets dyor
Samefagging?

>>23778711
Returned to thread 5 hrs later lmao
I just asked John STAmos a question