/biz/ - Business & Finance

>Made 3600% on aave since mid 2019 top late 2020
>Still holding every single aave (only time i touched them is to swap lend/aave)
>this shit will be top 10 MINIMUN q4 2021
>somehow bizz literally NEVER talks about aave

>>24475670
it's been low key other than bzrx trannies fudding it

>>24475670
Yeah I dunno why either. It's probably the most legitimate DeFi project out there. Instead the attention goes to Uni because free airdrop and YFI because "OMG MORE EXPENSIVE THAN BITCOIN"

>>24475839
>most TLV locked
>usecase not gimped by scaling at all like 90% defi
>most fees extracted to treasury (at governance disposal)
>acually smart stacking mechanism that acts as insurance fund not staking jsut for stake of staking like rest
>acually active governance
>real and insured financial institutions doing governance proposals to plug in aave
>V2 makes everything much more smooth and better
>much faster to iterate/add than compound
>much slower to iterate/add than cream wich brakes shit and loses money all the time (so sweetspot)
>literally sergeys bffs
>huge push of paltform to asian markets just starting
>flashloans are still most mind blowing tech in space (yes even over zks)

How the fuck we get less than 1 aave thread week lol

Only negative side is no CB listing because BC is invested in competition COMP lsited day 1 aave still nothing (same whit uma and snx lol)
But hey 2 positive things out of it
>Where we going we dont need cexes like jewbase
>I get to dump (small part ofc) of my bags on CB normies AND biz when push comes

aave is a shit ticker it literally sounds like niggerspeak

>>24475977
I thought about buying yesterday but the Gas prices were insane so I decided against that. Fucking shit I wish I had done it. Who cares about 15 bucks fees when a coin moons

>>24475670
biz doesnt deserve AAVE simple as
its in the middle of pulling an ETH/LINK and nobody cares
they’ll only care when the top is in and it will seem so obvious in hindsight

bought LEND at 10 cents, which is equivalent to 10 bucks AAVE i suppose. not selling until 1k/coin

>>24475549
Realistic price targets? What's a suicide stack?

>>24477695
>Realistic price targets
Who the fuck knows. Depends how important DeFi becomes in this bullrun. Possibly very high
>Suicide Stack

At least 10 so you can stake

I own AAVE but I don't understand why the price is so high, isn't it just a governance token now? God bless whoever is pumping this shit so high for me, thank you

>>24475549
Aave eth lping on sushiswap rn, feeling cozy

>>24478239

I opted for steaking, moderately comfy. Already claimed 1 AAVE. If it actually goes to $1k that's $500 per month. Then again that would also mean I would have $119k staked just to earn $500 per month

what risks are involved with staking? i only have 20 so it's not worth it atm, but 1k/coin and i may as well. might cash out of a couple of others to chuck at aave too, i think it's going places.

>>24478490
https://docs.aave.com/faq/migration-and-staking

>>24478546
>In the case of a shortfall event the Safety Module uses up to 30% of the assets locked to cover the deficit.
jesus, dunno about this

>>24478600
unless they turned it on without me knowing, slashing isn't activated yet. When it is, if my understanding is correct, staking rewards will be increased too

>>24478342
You know this is jsut incentevised test when real thing starts ppl will gtfo from staking and rewards will be 5x but so will risk of slashing?

>>24478342
The stake rewards aren't amazing but that's what makes it so legit in my opinion. People don't stake because they wanna grab money. People stake because they plan on long term holding AAVE and if you do that you might as well stake

>>24478711
yeah, it's still to be determined if the rewards will be worth the risks

>>24478760
exacly this is jsut free 11% apy while keeping aave exposure

>>24478800
(also I'm secretly hoping to get a free airdrop like with Uni)

>>24478744
Dunno man risk free 10-11% is kinda awsome, yes you can find 40-50% but on risk adjsuted basis its meeeehh

>>24478872
There will be no such thing, only way to do it now governance is active is to vote on it, and that would defeat the purpose

But aave made 1 mil from fees in treasury last 25 days (and it is jsut starting I can see 20m every 30 days easy) and treasury use is also governed by us tokenhodlers...

>>24478108

Its a Governance token yes..but there's other value as well. For one you can insure the platform via Staking. Second, you can use it as collateral for loans on the platform.

The way things are trending in the Governance Forums, the Treasury funds should be available to the Governance holders, so they could do annual distributions if there is sufficient profit

>>24478879
Well it's not entirely risk free

>>24476752
kys nigger

>>24478992
well its risk free as it gets in defi:
exposure to 1 smarcontract with 3+ big audits and 2 billion bounty lol

>>24479094
I mean before they get to real staking and covering vaults whiut your stake

Fucking shitcoin. I missed this one as-well. One more and I will really kill myself. I hate wagecucking

>>24479164
Buy RLC bro, DIGITAL OIL

>aave insurance coin, 50% of your staking rewards in return for slashening insurance
i'd buy

>>24479193
Already bought high and sold low this one. Thanks for an advice you fucking piece of judge filth

>>24479549
AAAAAAAAAAAAHAHAHAHAHHAHAHHAHAAAAAAAAAA

What a blessed pump! I mean, WHO is buying this?!

what do you guys think of crv compared to aave?

>>24475670
most of the insane gains are already gone on aave. crv seems to have more upside

>>24480772
pathetic shill kys

>>24480706
I am

>>24481702
Why?

Look at chainlink and Sergey. U dont even have to understand anything u just see Sergey and u go all in. Its the same thing with Stani. the project is in the best possible hands. just like link is. gods work

>>24482155

>>24475670
>made 3600% gains and still too poor to leave this board
>shilling a useless governance token
>wants you to buy high

>>24482500
yeah to much dumb money. Had some cash sitting on the sidelines for when we top out

>>24478949
your second point is not a point.

They wont give fees for holding because it cuts 50% of their user base out of using it. People are just chasing pumps

>>24481912
I like the design of the website

>>24482690
based

>another one i missed
fml

>>24482796
you still early anon

>>24482500
anybody who understands risk management wouldn't gamble large sums of money on an unproven token after a 99% crash. back in 2019 i wouldn't have put more than 100$ on a gamble like aave. congrats to those who understood the potential and bought the bottom though.

>>24483082
cringe

>>24483082
You are a dumb cunt flapping your roast beef curtains about things you don't understand. Flap. Flap. Flapping away.

>>24483082
kek. They hade to do a token swap and burn a shit load of tokens. It was lend and was a shit coin untill this governance token mem came about

I bought 15k LEND earlier this year for less than $1k when it was still less than 10 cents ($10 for AAVE) just because some anon posted a really cool meme with a vibrant, bright aesthetic. I haven’t sold a single one besides buying 80 more when it dipped to $30 then selling at $70, but I still have my initial stack of 15k LEND or 150 AAVE and don’t plan on touching that as they’ve been staked for awhile now. That <$1k investment is now worth $13k. My only regret is that I didn’t buy more. Regardless thank you based anon for shilling cool memes of this shit back in May

>>24483612
Blessed

What are the targets bros?

what the fuck was that, i bought aave on the btc correction last week was this the best thing i've ever done

>thought I bought this last week
>order never went through

Fuck you cz

>>24483827
I know the feeling bro! Sending good vibes

>>24483760
$589