/biz/ - Business & Finance

>>24045795
>Website
https://shadow.link/
>Whitepaper
https://pdfhost.io/v/R36lR1uft_ShadowWPpdf.pdf
>Twitter
https://twitter.com/shadowforklink
>Medium
https://medium.com/@shadowlink

FIRST MEDIUM ARTICLE

https://shadowlink.medium.com/what-does-shadow-bring-to-the-table-92f7c7dc17e9

>>24045795
More like niggerlink lel

>inverse pegging

Round these parts we just call that regular fucking, friendo

lol scam

>>24045816
Looks fun

>>24045858
Is not

>>24045848
kek

>>24045795
Sounds like a scam just bought 100k

>>24045795
why wouldnt i just buy link

>>24045994
This pumps 10% when Link dumps 10%, in short.

>>24045994
idk what the fuck this is but it seems to go up when link goes down

>>24046015
why wouldnt i just short link

>>24045795
Safex >>> shadowlink

>>24045795
WHEN EXCHANGE?

now this is how I will make it

This is just the first project developed in a soon to be expansive "Shadow Ecosystem", other projects will be shadowforked, joining in over time.

why not short link instead nigger?

>>24046034
>>24046115
yeah

give me one good reason

>>24046136
i dont have to trade on gay cexs

>>24045795
https://youtu.be/O8IavGgtQMA

>>24046115
>>24046136
read the whitepaper retards

Alright, I know you won't so here:
Shorting requires keeping your funds on a CEX and KYC, not everyone's a fan of spreading their asshole for big papa gov.
You're welcome.

>>24046164
I was hoping someone would catch this
click the site ;3

>>24046165
What happens if the prices rises more than 100%? Do I get additional Token?

>>24046165

True, you can’t really short on a cex without kyc and giving them a red flag to say you own crypto

>>24046165
>getting rugged
vs
>getting cryptopia'd
ill take my chances with the latter
thanks

>>24046302
Githubs public if you want to take a gander
>>24046254
People in the US cant really leverage trade without going through hoops either.

I would rather kms than short link

>>24046332
are you the creator

>>24045795
>literal stolen bizonacci asset as your logo
I hope you chinks rot in a cultural enrichment gulag

>>24046367
It's a direct reference, not exactly hidden. It's even called Shadow lol
>>24046360
nah

this will surely 100 times

>>24046389
Thank you for your support, Rankesh. I hope your village eats well, sir.

>>24046367
>>24046389
not chinamen

looks like a bunch of indians
>>24046394

>>24046423
bud its a joke
Sorry for not mentioning earlier, release is slated for this week.

Excerpts from the whitepaper:

>Elastic supply tokens pegged directly to various assets have paved a new avenue for synthetic commodities. While some projects, such as AMPL, have demonstrated exceptional success with their countercyclical economic policies. DeFi protocols such as SBTC, xETH, SYFI, and many others, have ultimately failed to prove their viability in the market — leaving early enthusiasts, presalers, and HODLers with a bad taste in their mouths.
Image for post

>The team of developers at SHADOW have been reinventing how these tokens work by considering a key factor other projects have failed to address — utility. While some of these projects have succeeded in generating much attention through guerilla marketing, their ultimate failures can be attributed to a lack of inherent value. Over the course of the past few months, we’ve learned that pegging a token to an existing asset does not instantaneously generate equivalent value. The argument at SHADOW is that in order for a pegged synthetic asset to create and maintain value, it must provide some utility to its community and holders.

>The goal at SHADOW is to provide the community with a new way to hedge against Chainlink using the idea of inverse pegging. The natural question to ask, is what does this even mean? Here’s how the team of developers at SHADOW explain inverse pegging:

>Let’s say that we want to create a certain relationship between SHADOW and LINK. We can start by representing the former using the variables y and x, respectively. Since the inherent value of either is subject to change, and we know that the variable y depends on the variable x, we can model this scenario using a simple inverse function. (pic rel)

>>24046467
>Y(x) represents an exponential decay function, where the independent variable (x-axis) is represented by the LINK USD price. The dependent variable (y-axis) is the price point of the inverse peg. This is where SHADOW will ultimately peg to. (pic rel)

>Ultimately, the protocol in the contracts we deploy will be much more intricate than the function you see above. It has a plethora of other factors, such as dampening functions to protect against drastic market and LINK price fluctuations. The inverse peg is one of SHADOW’s unique takes on rebase coins, which has not yet been explored in other DeFi protocols. Many blockchain developers are pouring research into developing ways to short ERC-20 tokens on decentralized exchanges. The main exchange for SHADOW, Uniswap, sees around 300 million USD in volume daily. This highlights the need for a form of option trading on Uniswap — this is where SHADOW comes in. The question that stands — can we use the inverse peg to create a method by which a community of users can hedge the direction of LINK?

Sorry, from the medium*

>>24046467
when does this come out i cant fucking buy it

>>24046661
read the post you replied to dingus

>>24045795
>pegging
that's for fags you queer

>>24046692
J-just try it anon....
>>24046666
dingus quads

let me get this straight
lets say you hold LINK at $13
if you think LINK is going to dump, or begins to dump, you move your LINK into SHADOW which is inverse pegged to the price, raising the value of what you just moved into
once SHADOW stops pumping, or rather when LINK stops dumping and begins to reverse, you sell all your SHADOW and move back into LINK, and rinse and repeat ad infinum?
what's the catch here? this seems like something that everyone, or at least a sizeable majority, of LINK holders need to be doing for this to actually work. I doubt a project could get everyone on board to do this.

>>24047212
The price being inversely pegged to links will keep the price moving no matter what. Rebase expands and contracts the supply as well. You've got the idea down right though, especially the ad infinum part.

>>24046692
Ah, but then inverse pegging must be heterosexual.

>>24047505
this is true