/biz/ - Business & Finance

>>24681925
They're either going to have to burn an enormous amount of surf to get there at the current marketcap, or actually do something to raise the marketcap other than slosh the same money around internally. I hope they pull it off though, they're good lads.

>>24681925
>Make a literal ponzi scheme dapp
>10 dollars

Surf is ok besides what they did with the event. Who knows I still can't stop laughing at this tards that held through it.

>>24681925
Obvious shill thread.

But in answer no.

>>24682700
How is it a ponzi? Have you checked out their harpoon? Do you not understand how it all works? Sorry to hear.

>>24682645
Their harpoon and topia bankroll does just that...not to mention the 4 other dapps that are coming. Pic related is for 120+ IQ only. Don’t get left behind by being a misinformed /biz/

>>24682744
Doesnt provide any reasons. Nice.

>>24682841
>Get 115% of your deposit
>How does it work?
>More people need to deposit behind you

Unless I'm missing something how isn't that a ponzi scheme.

>>24682921
what happens when ecosystem harpoons with LPs farming other farms feeds into stacker - on behalf of no-one?

>>24682841
Also since you're spoon feeding what are they going to do with the ETH generated from topia?

Are they going to use it to market buy surf?

Nobody will remember this by valentines. You might get a pump if you shill it hard enough to the newfags by then we will all be too rich to post on biz

>>24682921
you're missing the bigger picture - other components like harpoons which are set up for the benefit of the entire ecosystem will feed surfstacker

also surfstacker itself participates in S3D and can pay SURF from dividends received from its S3D position

>>24682963
the whirlpool can take the eth, market buy surf and then distribute it entirely to whirlpool stakers

>>24682957
So who controls the surf that comes out the stacker for the whirlpool?

>>24682977
ok retard

https://etherscan.io/tx/0x59413fca6047262762d027d0ca0dc275b002c1564f6e1117148f2384b1a7d58a

>>24683035
Oh I had a stroke sorry

Who controls the surf put in by the harpoon?

>>24683035
nobody, its owned by this contract

https://etherscan.io/address/0x6e6d30d1fd3c49278f93d4d29681f628d88b050b#code

it can never sell its S3D position and only forwards its profit to the whirlpool

>>24682910
That pic has nothing to do with SURF, that has to do with Leviathan and Aegis.

>>24682963
They are, and feed it into the Whirlpool.

>>24682921
Normally I'd call it a ponzi (and at the moment it is). But eventually it will be fed by 1k Whirlpool LPs (which get rewards from trading volume), a Harpoon (waiting on 1k LPs from unstakes to deploy), and future dapps.

>>24682645
And they are. WhirlpoolManager has 782k S3d creating a floor, and about 30k has been burned total.

>>24683099
and s3d represents surf in a bonding curve contract?

>>24682921
This is one of the low hanging fruit dapps they’ve put out. Look into the harpoon and you’ll see what I’m referring to. The devs are using it to bring new funds to the platform and this requires the community to do 0 to make it happen. It’s really neat.

>>24682977
Surf doesn’t rely on new money coming in to make it work. That’s the whole genius of it. There’s also $2million+ Locked in liquidity and ranks top 50 on the whole uniswap. But okay anon whatever makes you feel better I guess.

>>24683059
the harpoons send their surf to the whirlpool manager contract I linked here >>24683099

at the moment its being demoed by the devs, eventually it will be put under governance (the ecosystem harpoons) and they're talking about some kind of game involving farming the most SURF

>>24683023
Why not just offer half the divs in eth to stakers and half to market buy surf. But then who owns that surf? Is it getting sent directly to the whirlpool?

>>24683137
It gets sent to the Whirlpool as SURF dividends.

>>24683130
correct. a large portion of S3D can NEVER be sold, providing a very comfy price floor that is ever-rising.

the 0x337 ecosystem harpoon has dumped 40k SURF into S3D for the whirlpoolmanager contract (>>24683099)

>>24683116
>nothing to do with surf
>says “surf” on it 100 times
Surf and aegis are partners. I suggest lurking more rather than pulling this kind of stuff out of your ass
>nothing to do with surf
Fucking lel

>>24683137
that surf is then distributed to LP stakers in the whirlpool, who are providing the liquidity for the entire system (as well as receiving 1% of every tx fee)

>>24683174
Ok that makes sense. I'm in UTO myself and heard about the partnership. It sounded like a great deal for uto.

>>24683185
The fun part is you have no idea what you're talking about. I can promise you I am far more involved with both entities than you are, or will ever be. The pic you listed has zero to do with the SURF ecosystem, it's about SURF rewards for Leviathan holders and eventually using those rewards for wrapped LEV liquidity.

>>24683252
And you’re still saying it has nothing to do with surf. Lmao okay. Either way we’re both on the same side.

>>24683252
Probably would be a better argument on your end if they didn’t blast “surf” all over the graphic. Looks like it has everything to do with surf to me.

I suppose my last question is why did surf purchase UTO? I mean I know (obviously the divs) but is there not enough volume or something? Isn't that the whole gimmick?

>>24683364
It's just being used for payments to NFT holders. If I replaced it all with ETH would you then say it is benefitting ETH?

My point was if you're posting that as the "120+ IQ pic" for why you should be in SURF you should probably at least realize that the pic you posted is only using SURF to transfer and reward holders of Leviathan NFTs which has nothing to do with buying / holding SURF.

There are a lot of good reasons to be in SURF, and to hold a Leviathan NFT, and to hold aDAO (I have all 3). Leviathan NFTs being paid out in SURF is not a reason to be in SURF.

>>24683406
The entire point of the Whirlpool is passive income. If there is an opportunity to use locked liquidity to make an investment that would return income rather than just sitting there why not do it?

From what I remember we also got the tokens about 75% off the presale price. It was a solid deal.

>>24683406
It’s just another way for the whirlpool and holders to get fed. The eth used to pay for UTO was the unstake fees (didn’t come out of the pockets of those holding surf and/or building surf). Eventually there will be dozens of different things feeding the whirlpool. SURF will also be fully playable on utopias platform. I’ll definitely be there.

>>24683406
because UTO is partnered with SURF, they were given an extremely good OTC deal (from on-chain tx) and UTO will be promoting SURF through their networks which raises awareness for the ecosystem. no real marketing has been done yet outside of the launch

>>24683493
>>24683495
>>24683521
Just wondering friends thanks for the answer. Yeah I mean the divs should be pretty great.

>>24683451
I hold all 3 as well. But that pic benefits surf. You wouldn’t say it benefits surf not even the least bit? Surf is being bought with the rewards isn’t it? aDao is legit along with the harpoon. Everything the team is doing is benefitting everyone in it. That’s what makes it so great.

>>24681925
It's criminally undervalued now and that's all I will say.

>>24681925
>surf shills are back
fuck off

>>24683949
what is there to gain from shilling? in reality they would dilute their share of the whirlpool...

>>Surf doesn’t rely on new money coming in to make it work. <<

Uh, yeah, it does. total eth in always has to equal total eth out. There is no where in the middle where eth is printed.

>>24683990
The devs are bringing eth to the platform in unique ways which have nothing to do with onboarding new users.

>>24683990
Eth is unironically being printed by the devs while the community isn’t required to spend more or shill their friends to bring in fresh capital. The team is doing it themselves with the products they’ve built. That’s what makes surf one of the best things in defi. As time goes by, more and more will realize this.
>So you’re telling me I just sit back in the whirlpool and get daily rewards without doing anything
Yes.

>>24683990
https://etherscan.io/tx/0x59413fca6047262762d027d0ca0dc275b002c1564f6e1117148f2384b1a7d58a