/biz/ - Business & Finance

As an example for 5,000 supply at $2: $10,000 = 5,000 * $2

Whenever STA is traded between wallets, 1% gets burnt. Now let’s assume two things:

1- Volume of 50,000 STA gets traded, causing 500 STA to get burnt reducing the supply to 4,500

2- Ignore the demand/price force for STA’s utility (for now)

Since we are ignoring demand, the market cap will remain the same. This burn will therefore cause price to increase:

10,000 = 4,500 x p, which means price should theoretically be pushed to 2.22.

This price increase will cause the STA value in Balancer (or Phoenix) to increase, forcing the pool to rebalance. Rebalancing means selling STA and buying the other 4 coins to keep

the percentages as initially agreed upon (50 ETH / 20 STA / 10 BTC / 10 SNX / 10 LINK). Now remember, selling STA will cause STA to be burnt again (supply decreasing), causing a ripple effect: the cycle will keep repeating itself at a decreasing rate, even if no further human-triggered trades happen.

>>25672779
Now we can talk about STA’s utility: why would people demand STA? What does it do?

Balancer gives a return of 1% of total transactions volume that happened from all the rebalancing. Remember, rebalancing does not only happen from STA’s ripple effect mentioned above, but it also happens when the other 4 coins move in price (which by the way means more STA is burnt). That 1% on volume does NOT mean you get 1% on what you are pooling. It means the following:

Example: if you are pooling $10,000 and there is a total of $100,000 being pooled, with a 24h rebalancing volume of $50,000, then you will receive = ($50,000 x 1%) x ($10,000 / $100,000) = $50. Your daily rate of return is therefore $50 / $10,000 = 0.005, which means an annual rate of return of 0.005 * 365 = 183%. People called Phoenix’s return as scam because they are high, but they are not a scam but actually STA’s genius.

A lot would be very happy with such return, making them want to pool. You would think that as the pool gets bigger, your portion of the reward gets smaller but remember that when people pool, STA is being transacted and burnt, causing the rebalancing volume to rise and therefore increasing the 1% total reward as well.

The Balancer also balances liquidity / fee income demand: if liquidity provider believe they can get higher interest in other defi, they will remove their liquidity from Balancer. But then this leads to an increased fee income to those who have not removed their liquidity (MINDFUCK). Keep in mind all this burns STA as well.

Now add to the above all the demand action from wanting to buy and hold or buy and trade.

Whether you think it has value or not, no one can stop it. People will want to earn high interest income. Balancer will keep balancing. Statera will keep burning.

>Statera FAQ
https://stateraproject.medium.com/sta-faqs-cafea2fda645

>Website
https://stateratoken.com/

>Telegrams
t.me/stateratoken (Official)
t.me/stateraunofficialpricegroup (Price chat)


>Uniswap info
https://uniswap.info/token/0xa7de087329bfcda5639247f96140f9dabe3deed1


>Trade on Uniswap
https://app.uniswap.org/#/swap?outputCurrency=0xa7de087329bfcda5639247f96140f9dabe3deed1

>STANOS (wSTA/LINK/wBTC/wETH/SNX)
https://pools.balancer.exchange/#/pool/0x55353cbadda8fd525f0e6f307b3527d518416700/shares

>INFINITY POOL (wSTA/STA)
https://info.uniswap.org/pair/0xa94700c1a1ae21324e78d5bdf6b2924e45a6068f

>WRAPPING STATERA
https://youtu.be/4_ZEvYxlw2w [Embed]

>POOLING IN BALANCER
https://youtu.be/JafzpZcUpnA [Embed]

>Charts
https://uniswap.vision/?ticker=UniswapV2:STAUSDC&interval=1D


>whitepaper/pooling tl;dr
https://i.imgur.com/yARc97c.png


>buying statera
https://i.imgur.com/mv2PqLm.png

utter shitcoin

>>25672902
Current targets
- get wSTA on CG
- whitelist wSTA on Balancer (Get rid of warning mostly)
- whitelist wSTA on 1inch and matcha
- update website
- update whitepaper
- fix dashboard (bugs & improvements/new features)

Priorities
"The most important is getting wSTA whitelisted on Balancer, to do this it must first be listed in CG.
The team is waiting for feedback from CG, but have already started discussions with Balancer. By the time that is done, a large part of the website would have also been updated. This is when marketing could start."

About wSTA
"I know it negatively impacted other things in the short term and it's not ideal, but the long term prospects of the project are far better than it was in November because of wSTA. wSTA is by far the biggest thing to happen here since the hack, in the long term it's bigger than what Delta was... And it happened fast, really fast. Within two weeks it went from a concept to an audited contract that was deployed. That turnaround time was too quick for everything else, especially that we first had to wait for the audit result before doing anything."

About marketing
"I know that discussions are being had with YouTubers for a review of the ecosystem. So it's not like nothing has happened, opening discussions have already begun."

>>25672722
most unattractive coin on /biz/ ngl

30k volume on Stanos despite 0 volume otherwise. That shit is hitting 1M once STA gets going again.

>>25672957
wait til you see the coin i put in my outie butthole

literal scam

>>25672926
wSta is on Coingecko. Please stop fucking posting copy and paste shit. It's fudding this coin. Nobody knows what a wSta is except us. Statera is crabbing because people don't know what the fuck it is.

>>25673811
debooooonked, you niggers are low energy anymore

>>25673896
posting this shit on biz is pure cope at this point anyway, anyone whos going to buy early has already bought. if you think statera is so fragile having a contradicting post in the thread is fud enough to respond to then idk what to tell you, my op says its on coingecko then i saw those quotes which looked interesting so i copied it. all the smart people have moved on or dont bother participating in these threads anymore its just an echo chamber of people repeating the same bullshit while all the copers get excited at 1% price increases in the telegram price channel because eth is moving.... its all so tiresome

>>25674425
Please Anon, you FUD like this again and I'll skin you.

>>25674903
sorry sir

>>25674425

the reality is that these threads are kept alive by 2-3 committed bagholders. however because of the anonymity it makes it seem like there's a vibrant community shilling this coin on biz, and that it's therefore "the next link". reality is the team can't even slap a dashboard together despite working on it since September 2020. they also promised marketing which will consist of a few pajeet AMAs and coingecko trends which will pump it a few % at best.

this shit is seriously so uncomfortable to hold and i'm glad i sold the majority of my stack

>>25672722
I'm confused why this is dumping. It's a crypto index fund and the entire crypto market just pumped 100% in a week yet this is dumping. This market makes no sense

>>25672722
Statera is such a big shit that never pumps nor dumps because nobody knows this shit exists. It's amazing.

>>25675614

>nor dumps

wait till investors hear about the "big marketing push" that was promised about the dashboard release. the team have been digging themselves a hole for month and even the most committed bagholders are starting to see the cracks appear

You don't need a dashboard. Just put up picture tutorials of how to pool. It's so simple. Focus on making things easy for the normies.

>>25675988

go suggest it in the tg. they'll just say "good idea!" and do nothing. or even more obnoxious they'll say "it's a community project, you do it" which betrays even further how much of a retarded shitcoin project this is in its current form. i feel sorry for anyone who actually trades their precious eth for this during the bullrun.

this has been going on for literally half a year and is why absolutely nothing of value gets done

>>25675549
>the reality is that these threads are kept alive by 2-3 committed bagholders
it's funny cause the exact same thing can be said about the fudder(s). The difference is that outside of biz many actually find the idea interesting. That is also why Statera will break ATH again once it gets out of biz where most already hold a stack.

>>25676155
Also just move on already man, you are here every day with that same shit. It's just sad.

>>25676241
are you unironically fucking retarded

noone outside of biz gives a shit about this coin

>>25676241
>>25676371

dead wrong. number of wallets have been steadily decreasing, and justifiably so. broken promises have soiled this team's reputation. i had some faith when the Doc got appointed but it's just more of the same shit since surprise surprise he's part of the same original team LOL

stop making threads if you can't handle ex-bagholders coming in to lay out the facts on this garbage

>>25676493
>stop making threads if you can't handle ex-bagholders coming in to lay out the facts on this garbage
Kek. I'm sure buying the top and selling at 3c hurts but it's been MONTHS. Just move on man.

>>25672722
You fucking idiots. Put you coins in one of the pools. You will make money. That is the whole purpose of wSTA

>>25676810

is that meant to be a bullish statement? admitting that it retraced all the way to 3c because the team did nothing for months whilst team members like GC moved onto other projects? please give the team my best wishes as they struggle to cope with a dashboard. if they put all their brain cells together they might be able to complete it in 4 months instead of 6.

>>25675549
sell the rest of it pussy

>>25677152
Blah blah. You're obsessed. How much did you lose?

>>25677250

i will after they spend their 5k marketing fund on pajeet Q&As and cause a little pump (followed by the dump as usual)

if you want an anti-breadcrumb... one of the dashboard devs admitted on tg that he questions himself why he's invested after seeing how bad it is KEK.

>>25677399
>one of the dashboard devs admitted on tg that he questions himself why he's invested after seeing how bad it is KEK.
Sure

>>25677399
got any proof to back up that claim?

sorry, only stagazers get the privilege ;)

>>25677545
Nope, not true.

can we survive another visit to 3.5c?

Fuck this shit coin

>>25676493
>stop making threads if you can't handle ex-bagholders coming in to lay out the facts on this garbage
the truth comes out. fudders sold at the bottom and are now priced out

>>25674903
Based and violence pilled.

>>25672818
Brainlet Sta owner here. Redpill me on how balancer works please, why do people transact on there. What drives the fees?

For example I get that on uniswap if someone is providing liquidity they get their percentage of .03 percent of the full volume of the relevant pool. How would the Stanos pool for example attract transactions?

>>25677702
I thought you didn't like 4chan, Z?

>>25672722
STA has always been a PND. You had 4 chances to exit.

Fuse is the 2021 chad play.

>>25680519
I'm not the person to answer your question, but have you looked at Balancers FAQ page? Assuming you're just asking about Balancer in general.

>>25680761
I’ll have a look. Was just trying to determine how the pool attracts transactions. Second do you know if every time the pool rebalances, are they paying market rate gas fees, or is the rebalancing done sans gas somehow?

>>25680602
No his message was just the most recent

Pay attention how that fudder shithead disappeared the moment someone proved he’s full of shit.

Off to the next thread I guess. ”I don’t even care about this shitcoin but I will still have 10 replies in every thread”.

Sad.

>>25672818
Stanos fees are at 0.3% to faciliate volume?

>>25681387

any stagazer can scroll up in the chat and see for themselves lmao. i didn't upload the evidence because i'm not that much of an ass, in much the same way i didn't leak the dashboard early even though it would have been hilarious to see the fallout

but now that the dashboard is released i can show the url that it was originally on - http://statera-dashboard-staging.herokuapp.com/

stay coping nigger

Anyone who doesn't like my statera should get ropie wopied

>>25675549
And fudding is somehow organic? Lost 5 eth on this.

>>25681535
I have 200k and even I doubt this project. Megan was fired from the telegram and Abu is being arrested on international sex trafficking charges or something.

Even I'll fud this coin, and I own it. I know it's inevitable. I really do. It's not even a joke at this point. It's the best crypto project of last year.

>>25680519
People trade with BAL since often the balanced assets are slightly out of balance (e.g. SNX could be undervalued by pool vs. the market). Benefiting from it is called 'arbitrage trading'.

>>25681574
Is Megan doing OnlyFans NFT soon?

wtf is wsta? just saw it on coingecko

>>25680870
Sorry I really don't know. I just threw in the Phoenix pool months ago and forgot about it. Letting my BAL fees pile up while gas prices are high. I'm about as normie as it gets. Balancer go BRRRR

>>25681574
This current run of fud has been funny shit. Megan lost the wallet. Abu and Megan ran off together. Souv's sex castle. I hold 200k and even I think it will fail. Muh 5 eth. At this point I just assume this all comes from holders who are bored.

>>25682278
shhhhhhh

>>25682631
Oh right. I meant...uh... Nigerian tranny shitcoin...scamtera...5 eth.
Dogshittingstateralogo.jpg

>>25682278
DeFi season wont bust til kingie YFI goes wooo! But us lowie market caps know we have to wait. I'm here with you, brother. We're in this together. People who were early who don't fomo out for mains or blue chips -- we're in there. Statera is set to explode. Us early people are like family. We understand crypto. We're not random people fomoing into a graph. We were all in the telegram when this was nothing.

I fucking love you, and know we will do well. I have no doubt.

>>25682718
Bro...

If you're just holding Statera and not in any of the pools, YOU'RE DOING IT WRONG.
Please remedy that ASAP.

>>25683333
checked and correct

>>25683333
Nice quads.

kek

>>25682718
This right here. We got this. Statera is the motherfucking king of DeFi and we are the earliest investors.

>>25672926
Also this, an official update by the Doc 24 hours ago or so, for those who missed it.

>>25673896
That copypasta is mostly for us holders so we know what the fuck is going on and what’s up next.
>>25682088
Wrapped statera to yet again allow statera in balancer pools so that the burn can occur safely in uniswap without having the delta token involved. Makes things much easier to understand and more effective.

>>25675988
>>25676155
There are already tutorials for everything nigger. It’s even in video format on their youtube channel.

>>25682718
Only have 1k sta but this is why I’m here
It’s all about the friends made along the way

>>25672722
It was tough holding for a while, but I regained a lot of trust for some reason. I think it was me realizing how early we are into DeFi and why I originally bought in. This shit is inevitable and im not selling, only pooling. There might very well be a DeFi bubble, it could take a year or two, or a month. Who knows. But when it happens and STA becomes more known and attracts more volume, it will mint millionaires. I remember the feeling when I read about the ecosystem and when it all clicked. It's just such a revolutionary concept while it's also so simple. Putting liquidity pools into turbo-mode is too big to pass up on.

>>25686869
WAGMI

Also bitboy joined out TG earlier today, bullish?

I LOST 500 ETH FROM THIS NIGERIAN SCAM !!! COIN BASE PLEASE RESPOND

>>25687602

>>25685247
That looks natural as fuck. I really gotta work on my meme skills

The new ecosystem, the actual workings of the project, is set up great. You aren't missing out on the bullrun if you're using it.
Stop holding 100% STA. Get in the pool that has the assets you like the most. Even if you pooled your whole stack you are still 50% in STA. You aren't missing the moon mission. And obviously you can pool less, lets say half your stack for example. You are still holding 50% pure STA and 50% of your pool holding if STA so you're still 75% in the token. You're not missing out on the inevitable with Statera and you're getting action from the bullrun too.

>>25683333
This. Pool some for Stanos to get em btc/eth gains too. Comfy.

>>25687591
yea i dont think it was actually him, SAD.

>>25688733
>>25688317
Yup. Pooled in multiple pools. Before wrapped statera I was just waiting for sta to moon. Way comfier now. It's awesome supporting the ecosystem as well. And when STA gets volume and we see those 100-1000% APY returns again in the pools, oh boy

HOW THE FUCK AND WHERE THE FUCK DO I POOL

lmaooo these niggas are missin the bullrun

>>25689108
What pool are you looking to get into?
There are several options.
Sta/wSta
Eth/Sta
wSta, Link, BTC, ETH & SNX
etc.

>>25672926
stupid fucking nigger copypastaing without checking on coin updates.
you literal nigger pajeet kill yourself

>>25689691
STA/wSTA

>>25689672
We will get our run eventually and it will be 10x whatever is happening now.
>>25689712
Damn chill out

>>25687700
>Now let's see Paul Allen's Statera bag

>>25689866
You need to either wrap your STA or swap it for wSTA. Then you can enter the pool with 50/50 of both

>INFINITY POOL
https://info.uniswap.org/pair/0xa94700c1a1ae21324e78d5bdf6b2924e45a6068f

>WRAPPING GUIDE
https://www.youtube.com/watch?v=4_ZEvYxlw2w&feature=youtu.be

>GUIDE ON HOW TO POOL
https://www.youtube.com/watch?v=JafzpZcUpnA

>>25677152
>9 posts by this ID, all FUD
Kek

>>25677152
>>25691103

>>25691103

https://youtu.be/dy1ko4L70Lw

>>25686667
Based

>>25691103
I've taken to calling this guy the Jolly Fellow.
>be jolly fellow
>complain endlessly about nothing being done
>do nothing myself
>become outraged when a light is shone on my hypocrisy

>be jolly fellow
>claim to be whale
>threaten to dump every thread
>never dump

I guess every project worth its salt attracts weirdos.

>>25693276
trust me, I own half a million statera and will fud it until 3 cents at which point I will sell my entire stack, sell wall at 10 cents by the way

>>25693339

>>25693507

https://www.youtube.com/watch?v=dy1ko4L70Lw

lol statera