/biz/ - Business & Finance

EOY ?

>>25863097
still possible

market cap = price x supply
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.

>>25863248
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.

Is wSta the secret project they were talking about or is something else coming?

Ummmm sweaty STA is a known scam. I hold 50K STA in the infinity pool and even I know it’s a scam......

Hell of a recovery over the past 12 hours. Let’s see if we can keep the momentum.

>>25863447
wSTA was created and deployed by Scott within a 2-3 week period and not even the community team knew it was coming. The secret project that the community devs were working on wasn't disclosed, maybe we can ask Dok what it was and if its been benched indefinitely or scrapped entirely with the release of wSTA.

This fucking project is so comfy. Holy shit

add two other tasks:
>mobile app
>Web3 dashboard

>>25863484
seems like a really autistic and well thought out scam at the very least

>>25863130
>>25863097
YOU’RE GOD DAMN RIGHT
$10 SCREENCAP THIS

KIKES ABSOLUTELY BTFO

>>25863272
STA IS GOING TO FUCK
I really try to contain myself but seeing what I’m presented with is unbelievably real

WAGMI

Fuck Jannies and also fuck kikes as I knew the team like sucking their dicks.

10c EOD eskeddit

That recovery yesterday and seeing wallets with $2 million still buying is bullish as fuck, am not gonna lie.

>>25865515
All you need to do is track the buys/sells and see that people/bots are taking advantage of the arbitrage opportunities and each larger trade causes a chain reaction in the ecosystem. Even with such low volume the ecosystem is creating enough volume for decent returns in the pools, imagine what would happen if we had $500,000, $1,000,000 daily volume.

All you need to do is track the buys/sells and see that people/bots are taking advantage of the arbitrage opportunities and each trade (especially larger trades) causes a chain reaction in the ecosystem. Even with so few trades the ecosystem is creating enough volume for decent returns in the pools, imagine what would happen if we had $500,000, $1,000,000 daily volume.

HOW THE FUCK DO I BUY THIS SHIT COIN. PLZ ANON I WANT TO MAKE IT

>>25865800
Checked.
It's a scary thought.
I'll admit volume hasn't been good for the most part, but we're still UNHEARD OF outside of these 4 Biz walls.
When that changes - and it will - the returns are gonna be insane.
Let's not forget that a few months ago when we had some nice volume spikes, the Phoenix APY was around 1000%
Yeah. One thousand percent.
Now imagine what that could be like with the addition of wSta in the the equation, and more people getting involved.

>>25865877

>>25865910
check the OP you dingus
>buying statera
https://i.imgur.com/mv2PqLm.png

>>25865910
Stateratoken.com -> Trade
Set slippage to 1.03% (accounts for the burn) and use a whole number of Sta, no decimals.

>>25865929
Who besides /biz/ is dorky enough to understand Uniswap, slippage, wrapping, liquidity pools, algorithmic balancing, token burn, the circular logic of pricing pressure...etc?

You guys have to adopt this and push up the price pressure for it to work.

>>25866003
Always open to new ideas on how to expand our horizons, anon!
Biz is a tiny drop in the ocean in the grand scheme of things.
There's a tonne of smart investors out there who would see our tokenomics and jump on it in a heartbeat.
Problem is getting to them.
But that's a problem we're actively trying to figure out.

Should I buy 100% Statera or just pool all to Stanos rn?

>>25863583
Secret project is still on the table. It's not wSTA.

>>25866371
Depends on your risk appetite. Stanos still has 50% wSTA exposure, so you're still on board for the moon mission while getting those tasty bull run gains.

>who’s buying STA

>>25866003
go outside

>>25863059
Any explenation for a newfag?

Staggots or strannies?

>>25866814
>>25863248
>>25863272
READ bro READ

>>25863059
And still no price action. Bouncing between 5 cents and 7 cents. No volume. No exchanges. No nothing.

>>25866843
Brianlet here, let's say I buy and pool for 1 year, making 184% or whatever the apy is supposed to be. Let's say STA also does 10x in this time. Will my overall return be 184% of my original investment, plus 10x of my buy in price? Or will the 184% APY also be multiplied as the price increases?

>>25866405
Stanos pool seems pretty comfy, passive income and not missing STA moonmission. I’ll pool ty anon

>>25867005
They would be multiplied. So 1k of sta and you have 100% return over the course of a year -> you can expect to have 2k in a year but if sta multiplies then you could have 20k. Of course the math doesn't really work like that but I just wanted to point out how it works. It's pretty crazy.

>>25866003
People did not understand distributed algorithms, but BTC and ETH went up nonetheless.

>>25866003
The only thing it needs is more recognition as most people outside of /biz/ have no clue it even exists currently, and an easier way to interact with the ecosystem (dashboard/website). They don't have to understand it to buy and pool, as long as they know the returns are there. Many people bought (still do) Chainlink even though they have no clue what it does.

>>25867005
It's not a fixed APY man those figures are only based on pervious returns. Pooling is not the same as yield farming/liquidity mining.

Statera simply doesn’t have enough compassion, not enough love. This is an important aspect even in this space. Misery loves company, and currently Statera is joining the likes of Luigi and BREE.

>>25868402
Which makes it all so much crazier. Because we had 1000% APY at one point with only 3M in volume (last peak). That is disgustingly high considering that STA is also the most decentralized project in DeFi. It would literally revolutionize the financial space and SEC would have to ban it or something lol

>>25868607
That's the thing. Once it becomes more known the volume will explode. This means that burn will be crazy high reducing the supply and naturally pushing price up unless the demand itself manages to push the price per token up to a point where the burn isn't as crazy anymore.

Yes, I hold statera, how'd you know?