/biz/ - Business & Finance

>>26108948

Chink scam.

>>26108948
chink scam

>>26109003
>>26109020
Dyor

>>26109068
It’s easy to figure out this is a chink scam after doing some research

>>26109115
Hows it a scam

>>26108948
stinker

this fud stinks.

>>26109115
the name and logo only are a dead giveaway.

Buy and stake

>>26110083
Shhh I need them to just buy and sell.

>>26108948

This will go down in the "which coin financially ruined you" thread one day.

Newfags wouldn't know an early opportunity if it bashed them over the head, repeatedly.

Synthetic assets on sushi and uniswap using chainlink is a pretty big brain market move. Easy buy. In it for 100x or more.

>>26110440
Where is chain link partnership

>>26110440
>>26110482
It's not a partnership, it's a real world chainlink use case.
https://docs.bao.finance/benefits-of-bao-reasons-to-use-bao
>BAO uses chainlink oracles at its core for synthetic assets meaning we can ensure accurate pricing and not force liquidations.

https://docs.bao.finance/synthetic-assets
>Synthetic assets will rely on oracles for their pricing information and will support:
>Uniswap V2 Oracles
>Chainlink Oracles
>Augur Outcome Oracles
>Band Protocol Oracles

All memes aside this project is an excellent idea. We're in early so expect major volatility for now. That's part of the game.

Is this a chink scam?

>>26110791
Bao is partnered with Sushi. This is a legitimate project with a lot of potential.

If anything is a chink scam it's /biz/.

>>26109126
>Warning: Bao Finance is in alpha, it is unaudited and was originally developed by a one-person self-taught team. While we are in the process of scaling the team, please understand the risks and use this product accordingly.

>>26108948
tfw u will never eat pic related

>>26109115
Kek based mutt

ok, so, fast forward 5 years. full dilution of 1.5Trillion tokens.

what the hell is the point of my 10billion tokens?

>>26108948
Can I buy this still tomorrow, or will it moon tonight??
I do not want to sell any of my other shitcoins

>>26110440
>Synthetic assets on sushi and uniswap using chainlink is a pretty big brain market move
Why? Serious question, I am retarded

>>26111100
>he didn't read the whitepaper

this is a scam by the same person behind the koala rug. they stole 100k there. use your brain

Okay, so staling about 2.5mil right now. I just let that sit or should I harvest occasionally?

>>26109003
>>26109020
>>26109115

>>26110916

Yup, all the high IQ people that actually understand BAO are making fun of all you /biz/ retards on telegram/discord.

You morons don't even know how to farm properly, please stop thinking you know anything about DeFi

>>26111285
if you can, pull out initial investment before you get rugged. good luck

>>26111285
wait until the xdai migration, you just waste eth on gas if you harvest early, you wont get 100% at one shot anyway

>>26111245
>What is the use of the Bao token?
The users who hold Bao tokens will be able to:
Vote in governance polls.
Create governance proposal.
Decide on new features and devs.
Elect oracles for pricing synthetic assets.
Remove oracles for pricing synthetic assets.
Decide which synthetic assets to create/list/remove.
Bao will also be used as collateral where users will require:
25% of collateral limit to be held in bao for making synthetic assets.
Have margin, leverage and option limit capped at max of 5x bao balance.
(Users can vote to change those rates)
Lastly, bao users will own:
The devfund/treasury.
The community fund.
Smart contracts/deploy process.

tell me please, how this is fiscally beneficial for me

>>26111377
Yeah, the harvest fees are fuck expensive.

Also throwing like $250 at this. If I’m rugged, so be it.

>>26111348
EXPLAIN TO ME WHY SYNTHETIC ASSETS ARE SUCH A BIG THING FFS

>>26111377
plus it is a long term coin anyway.

>>26110440
might be ~300x if you use assume '1' correlation with initial market cap potential at 1bil
and that's only when it catches up to synthetix, there's an even larger market to capture

>>26111452
do you trade futures? you know you can trade based on the underlying price of an asset without needing to own it
basically the same, but here you can trade e.g. oil without needing to own oil, which you can already do, but with crypto there will open up a 24/7 market, and it will also be decentralized

>>26111452
>>26111348

Because synthetics let you put all kinds of assets into the DeFi slot machine, all at once, in whatever configuration you want.

For example, you can use synthetics to have a collateralized NFT farm 5 different Link-Eth pools for instance. Could be whatever pair on whatever DEX given decent liquidity, and could yield you 5 different shitty food tokens instead of just 1 for a given farm.

Now add on the Lending, Options, and Derivatives infrastructure that will be arriving in 2021 and you will have several synthetic projects hitting $1b mcap on hype alone, let alone actually being useful af, at some point this bullrun

>>26111726
but how will this make me money?

i staked 9mil and its returned me about 14k in 45 mins. in a fully diluted market these tokens will be worthless outside of governance.

based bao buns

>>26111348
>>26112266

Fully diluted isn't happening anytime soon buddy. Read the docs, circulating supply won't start seeing significant increases until at least a year from now. If Bao's a scam it won't make it to a year and trade at 0 far before that so don't let low IQ biztards FUD you out of buying for that reason.

You should only buy BAO if you think Sushi is a legit DeFi player in 2021, which it is. The rest is up to hype and speculation, which is the primary purpose of DeFi tech in the first place.

Bao will let sushi users farm hundreds or thousands of native pools, in many different configurations with varying APYs. Later on, lending, derivatives, and options, are set to be included on BAO/Sushi for even more gambling purposes down the line.
tl;dr BAO's tech is high risk financial speculation. But don't confuse the tech for the promise of the asset. If DeFi gives us an alt season even close to 2017, Bao will be flying to 100M-1B mcap ranges by summer.

>>26111226
>>26111452
listen up retards, the global stock market is worth ~$73 trillion. the global derivatives market is worth over $500 trillion.

i'm assuming you know about stocks, right? do you know about options and futures too? read up on those if you don't.

the simplest explanation for you is that bao is going to bring derivatives AND MORE to sushi and uniswap.

i'm not only talking about obvious things like ethereum options. if you want to create and invest in an index that tracks the price of coca cola in vietnam, bao will allow you to do that. anything you can imagine based on some form of legible data will be up for grabs.

this is a big fucking deal. look at the bao marketcap and then look at the snx marketcap. that's where we're going.

>>26113080
Okay thank you. But why should I buy BAO then if it is a farm token. How will it gain value?
I am willing to drop $1000 if someone can answer this

Taking bao to the moon lads

>>26113080

It's so pleasant when the people who actually get BAO are high IQ visionaries, and the Fudders are literal "chink scam" retards.

If you're a midwit DeFi noob, just take a good look at the difference in response quality ITT.

Post all the pink wojaks you want because your bag went down 15% in after a day or two. This is maybe the comfiest r/r that has been posted on /biz/ in months, and you morons will be seething as usual watching it enter the top 100-200.

>>26108948

Is the site (bao.finance) a little glitchy/slow to you guys? Sometimes my stake doesn’t show up

i staked 2 mil, when 2 harvest my yummy bao tokens?

>>26113555
Harvest is automatic when you unstake, so just wait until xDAI migration where you're going to want to unstake anyway.

>>26113736
Do we have a timeline for that?

>>26113764
Join the discord
https://thebaoman.medium.com/bao-v2-the-journey-86dab5a203de

>>26113818
Thanks fren

I don't get the psychology of those against BAO. If you think it's a scam then don't invest.

>>26113555
Sushi integration everything will be like 15c cheap as fuck from what they say on the discord

hope y'all buying this dip

>>26114089
Biz hates other people making money

It’s seriously hilarious the questions.

How do I buy this?

What are LP tokens?

I started a liquidity pool on Uniswap but how do I stake?

People saying it’s a scam at literally the dumbest motherfuckers on the planet.

The current state of biz is unreal, the level as of new Fag retardation are unbelievable. Very bullish. People legit don’t even know how to love ETH to Metamask and swap on Uni. It’s amazing.

>>26115119
Too many newfags who only know who to use coinbase

Unless this is a larp. There is some complete fucking moron that bought like 80million and didn’t stake it. Didn’t even know how to get LP tokens.

If you don’t like money and think it’s a a scam don’t buy. But if you aren’t a retard I’d say buy some, it’s cheap as fuck, stake it, and don’t sell for years and the look back in 2025 and say dam you were pretty smart.

Everyone looking to get rich quick. Just buy and hodl you dumb faggots, that’s the move! With everything !

>>26115119
even though I don't find it hilarious, maybe casue of the soft side of me, I actually believe it's good to have barred entries for normies
it's better for us, early adopters, it's also better for the asset to not have too many weak hands, etc.
by the time it gets listed on a CEX you'll have accoomolated enough to realize some short term gainz

Do you trade on BAEX binary assets exchange(#baex)? I found their system with Microsoft indexes, price is rising fast, and it is easy to get benefits. All IT sphere is developing fast, so I think Apple, Microsoft, and Amazon share can be rather profitable. What do you think about it?

>>26115430
what the fuck are you talking about?

>>26115369
Why stake it now and deal with ETH bumbfuck retarded fees when the mainnet's being switched to xDAI?

>>26113469
100%. I don't just jump into cute projects that get some hype on /biz/. I do an autistic amount of research. This is the first low cap to catch my attention since link years ago.

>>26111049
>being forthcoming and honest is a bad thing
If anything it means he doesnt want to rug, if you did you would never readily admit that. Also over 2M farmed bros, feels good making roughly ~100USD/day and thats even at current prices. When we 10x in short order that will have been 1k/day.

>>26115119
>all these newfags
Bullish

>>26115595
how much do you need to stake for those gains?
I'm planning on adding more and want a comfy position too

>>26115537
you get more tokens if you stake earlier, it doesnt matter if the stake is small but it its large enough the $50 gas or whatever is trivial

also there's a multiple that decreases over time which reduces stake rewards

>>26115595
You wont see any of that after the exit scam.

>forthcoming and honest
jfl there is no such thing as "honesty" on the market

>>26115537
Because I’m making a lot staking them. I can afford the fees.

>>26115700
It’s literally on the sushi roadmap you dumb fuck. This place is so stupid idk why I even come here.

>>26115781
Idk maybe you should just go.
Not buying your bags.

>>26115823
So don’t faggot and you can’t buy my bags they are staked and I’m not selling them. For the record, you are very fucking stupid.

If you don’t understand the potential here you’re literally a retard. Just go look at how much money is already locked into synthetix.

>>26115853
You know he probably has a bag right? Hes just a le epib trolling U XD

This and you can basically trade anything, things that are not even possible to trade anywhere else, like unemployment. Can someone just once, before talking shit, do some research?

>>26115975
This is possible

>>26110482
>partnership
baoman has said multiple times that he uses chainlink to secure realtime prices

Can you men aware me on this so called "staking"

>>26113736
this

>>26113818
about a month
then we go to xDAI chain for similar staking rewards

I fucking love this token. I just did 2 hours of research into what it proposes to do. It's fucking genius. The initial distribution is also genius.
I want you to think of a way that you can distribute a token fairly, in a way that rewards early adopters, inhibits whales from dumping but also incentivises long-term project health through the tokenomics.
Now stop thinking, because it's fucking here.
Baoman is a genius.

>>26111100
>What is heavy token burn.

>>26116771
he's also german

>>26116771
Top-quality meme, sirs. I just boughted more. The fact that this is an official part of the SushiSwap roadmap (and will soon be able to create synthetic assets) is something that biz/raelis are sleeping on entirely.

>>26115949
their token started at 2c and is at $15.4

>>26116972
>is something that biz/raelis are sleeping on entirely.
Absolutely. To be fair I slept on it until the sushi announcement but once that happened I'd have to have been literally retarded to ignore it.
Sushi are cutthroat and they are coming for that #1 Defi spot. The new guy in charge is not messing around. He didn't even put the Sushi integration to a community vote, he just told them it was happening. Confidence.

>>26111403
nobody has to explain anything to you retard. Try reading until you understand

>>26117159
you owe me this much, i want to help

>>26117260
i'd explain but i don't get it either

>>26111403
>you missed AAVE
>you missed SNX
>(You) are here

>>26113080
Give me a step by step guide on how to buy and hold this.

Do I have to stake it or can I just hold. Is it difficult to cash out?

>>26117375
im just hodling because i'm a poorfag but the steps are this:

go to app.uniswap.org
purchase ETH through coinbase or something else, link your metamask
type in BAO into the tokens list, and import it from coingecko (it's good practice to check that the IDs match, so check it on a coin index and compare before sending any money)
click swap, and wait for it to finish
voila, you now own X num of BAO

if you want to stake, go to their website which is
bao.finance
then click unlock wallet, and there should be various staking options, in order to stake you need to have the same amount of ETH as the coins you're staking are worth

>>26117490
I kinda want to make a decent sized investment. I'll probably have to stake it, no?

>>26117653
you can buy as much as you want, staking just means you'll be unable to access it for a time and it'll have some percentage APY increase. Just remember that if you buy, say, 2 ETH worth of BAO, you'll have to pay 2 ETH (or whatever the current BAO rate is) to stake it

>>26115119

I've never staked anything or used anything outside of major exchanges before, but I learnt all this shit just to get in on bao. It wasn't even that hard - Though MetaMask shafted me on gas. Lesson learned.

1.5 million stake, friends. God speed.

>>26117742
Aren't there incentives/disincentives that make it financially necessary to stake the token?

>>26117791
i'm not sure to be totally honest, i'm a newfag and i've been on biz for about a week, but i'd imagine so, yes. price fluctuations are a good reason to stake, i think.
>>26117783
based, i only have 150k

>>26117260
>>26117307
Okay.
Bao is the aim to create Synthetic Tokens. Think of a statistic you would like a token for, if it can be oraclised it can be turned into a synthetic token. For example, say I would like to long Hollywood. Not the town, nor a specific studio, but Hollywood is the conglomeration of Film Studios that make up Hollywood. I could create a token that tracked the earnings of the 5 major studios: Universal, Paramount, Warner Brothers, Disney and Columbia.
This token would then respond to how well those 5 companies perform over a given period. So I can then buy or sell these tokens, but more than that, I can actually setup options on this coin. I go long x10 if I wanted.
Now this has been done already with UMA but Bao wants this is Sushi's play at it, with added functionality. More bells and whistles.
Bao stands for Balancer, Automation and Options. So It will have Margin trading, Lending Pools, Options/ Perpetual futures, and Auto-Balancer systems, meaning you can balance your synthetic asset.
It's the full fucking package. It's the full package and after a measly 5 weeks it's already been headhunted by the third-top DEX.
Sushi, incidentally, is where UMA goes through for 93% of it's volume. UMA has a $570M Market cap. Sushiswap know all about it, and yet they chose BAO.
SNX has a market cap of $1.8 BILLION.
Bao has a market cap of less than 5 million dollars.

>>26117907
is 150k BAO enough to make me a millionaire or should I buy more? I think $1 is a reasonable target for BAO, but it would be cool to see it at 10 or 15 like SNX

>>26117907
I apologise for terrible grammatical errors, I am rather tipsy.
I have staked 10 million Bao, by the way, just to get my interest out the way.

>>26117973
$1 BAO would make its mcap $1.5 Trillion

>>26118049
this and RBC are my first shitcoin investments, hoping they pump, but if they don't, lesson learned

>>26118049
newfags literally don't understand what that means. they think that sub $1 token = potential to hit $1

>>26117973
Bao would have to go to about $6.67 for that to be a million. I don't really see that happening any time soon but who knows. I have 11 million and I'd be happy if it went to a cent.

>>26118049
Fully diluted. If BAO is able to successfully integrate with SushiSwap and future crosschain interpolation, we’ll very likely be seeing SushiSwap/AAVE/SNX numbers. The current mcap is only 3 million. There’s a lot of room to grow depending on how successful these steps are.

>>26118042
Nice what are you farming daily, like 500k?

>>26117973
>I think $1 is a reasonable target for BAO
You don't know enough about crypto and you shouldn't be investing in anything. $1 Bao would put the undiluted market cap at around 1 trillion dollars, or roughly the same as the entire crypto market currently.
More reasonably it will go to around 1 to 3 cents at the most, which is still an absolutely massive profit, especially for those of us farming.

>>26118164
well i mean, logically speaking, yes. link was less than a dollar once, and so was BTC, ETH, and literally every coin. buying in early doesn't mean you're stupid necessarily, if you DYOR and pick the right coin it actually makes you smart, especially if you can invest a lot.

>>26118274
someone told me it was $1 EOY so i went with it, shrug

>>26118335
I have 27 mil bao staked and you have no idea what you're talking about

>>26118335
MARKETCAP

>>26118265
around 850k I THINK. Not entirely sure cos I added 3 million last night and haven't worked it out properly.
>>26118049
1.5 Trillion is a soft cap. The release is based on rewards and other stuff. Baoman has told me it is far more likely to be closer to 1 trillion.
1 trillion is a hard cap, 1.5 soft.
>>26118335
You are literally embarrassing yourself. Please lurk moar.

>>26118539
>>26118265
actually closer to 600k, I was being retarded.
Still amazing though.

>>26118335
>>26118390
do you think xrp is going to $2k as well?

>>26118539

>>26118539
yes ma'am

>>26118632
no of course not because xrp is a dead coin and is literally being banned from trading, why the fuck would i think that

i have 20M BAO should i stake or just hodl

>>26118653
I know but the fucking board is infested with newfags. I want my /biz/ back.

>>26118717
100% you should stake. Unless you think it's a scam or whatever, you will be making so much money with the 20m from farming.

>used the last of my poorfag disposable income to get enough ETH to stake my BAO
>gas fee is $30

REEEEEEEEEEEEEEEEEEEEEE

>>26118720
i'm sorry fren, pol is a shithole and i want to make it big like you bros :(

>>26118765
alrighty. just worried about IL if this thing moons, sushi and kimchi left a bad taste in my mouth

>>26118784
Yeah that is the one issue. Gas fees are disgusting, not Bao's fault though, however when they transfer to Sushi the gas fees will 15 cents to harvest or stake.

>>26118819
>pol is a shithole
I'm a /pol/ refugee too, been here 2 years now. I still go back there from time-to-time but it's just overrun with shills, trannies and faggots now. It's better here, I'm getting rich and powerful. Good luck to you, fren, just don't shit up the board.

>>26108948
Farmed 100m bao this week aigmi?

>>26118974
what is your original stack? 200m?

>>26118828
I hear your concerns but I have a good feeling about this. I've thrown a few thousand at it. If I get fucked over, whatever, if does what it says it will I'm literally going to be paid a good wage to neet it up for 3 years.

How do I stake I'm already all in with 11 million?

>>26119002
Just started farming this last week

>>26118720
It’s a cycle. Newfags are good for business, though. Baptism through fire.

>>26119061
https://chainwave.substack.com/p/farming-bao-token

>>26118974
Based.

>>26119081
Yeah I was a newfag once too but I didn't post for 6 months because I have been on 4chan for 16 years and I know better.

>>26110663

What the fuck does this mean

>>26119134
might be a newfag but i swapped all my eth for bao, it will only allow me to pay my gas fees in eth so I can't do shit unless I bought more eth on coinbase and sent it to my wallet

>>26119366
Crypto disclaimer. How new are you

>>26119366
Half the posters ITT are farming millions of BAO daily. If you think ygmi with your measly 10mil.or whatever the fuck, prepare to get diluted as fuck when harvesting season comes.

>>26119366
It means if you buy and hodl you're going to see your token diluted by those who farm.
It was mostly for the first 2 weeks though, it's not actually that bad now but the first day there was 1 billion tokens and after week 2 there were like 148Bn tokens.

So let me get this straight - I don't have to actually buy any BAO to earn, right? I can just stake a pair of USDC and ETH and get paid in BAO? Is there ANY fucking risk in this? Worst case scenario is Bao fuckin tanks and I'd have lost nothing but the gas fees from depositing and withdrawing, correct? Am I missing something here?

>>26119960
>So let me get this straight - I don't have to actually buy any BAO to earn, right? I can just stake a pair of USDC and ETH and get paid in BAO?
Correct.

>>26119960
BAO is unaudited so there's the theoretical risk of baoman stealing all your uni LP. Not a big deal considering the sushi roadmap.

>>26120199
But they're not audited right? What are the odds of them having some backdoor that straight up steals all the UNI V2 tokens we're letting them farm? I just find this too good to believe honestly. 1 man team, self taught, 3 year lockup, feels like it's ripe for the fucking when a few months down the line he gets hit with "an unintended liquidity exploit" or some shit and all of our farming tokens get fucking yanked from us.

I haven't provided liquidity before, those tokens are used to deliquidate back from Uniswap, right? So without them, you'd be unable to get your funds out from Uniswap again while the scammer would be able to drain Uniswap of all that shit?

>>26120356
>I haven't provided liquidity before, those tokens are used to deliquidate back from Uniswap, right? So without them, you'd be unable to get your funds out from Uniswap again while the scammer would be able to drain Uniswap of all that shit?
Correct. He could do that. He actually discusses everything openly in his discord, and is active there everyday. He seems pretty cool. If you don't want to take the risk then you shouldn't take the risk. I'm going to take the risk. It's crypto. There are risks. If you don't think this is all a fucking crazy casino, you're kidding yourself.

>>26120356
Do you think sushi would put their neck on the line before they did any due diligence? Absolute state

>>26120356
>Why are we talking about random rug pull projects here? You asked a fuddy question about a contract, and were told it was an oracle contract being updated. Contracts also can't magically be "modified" you cannot add or remove commands from a published contract. Not only do we have a timelock but the pools don't have any command to let the developer access LP funds, that was specifically designed that way to prevent risk. Most rugpulls also had malicious commands.

Direct from the discord, an hour ago.

>>26120781
That is the dev saying that, for clarification.

>Not doing one on the farms, the code is mostly the same as the Sushi pools with minor edits. Most of the big audit firms are booked for the next few months, and crappy ones like Certik want $50k to audit the contract (and the last few projects they audited were exploited) and most of the contract is the same as Sushi pools so that isn't worth it. We will be getting audits for the unique synthetics contracts we plan to launch before they go live though

This is him on audits, 5 minutes ago.

I like the way BaoMan speaks. Fluent in English, doesn’t mince his words, and speaks with confidence/authority.

A fucking dumpling. Seriously? Idc what it does, I'm not investing in this scam

>>26121341
Ngmi

>>26121364
Enjoy your shitcoin joke projects with stupid names and logos.

>>26120626
>>26120662
>>26120781
>>26120830
Thanks for the info guys. FYI I'm not attempting to FUD; I'm planning to jump in on this boat but definitely am looking after my own ass here since I didn't see this possibility discussed. I'm jaded from being in crypto for so long and getting burned by promising projects just because cool devs end up rugpulling in creative ways. I figured even IF he rugpulls on BAO holders, at least you can still withdraw your UNI V2 tokens out and just end up maybe $60 loss from gas fees.

Really hoping against the possibility of him having some malicious command sneaked away somewhere that pulls our tokens from us. I know even if Sushi endorsed him, they'd easily throw him under the bus and pretend it never happened like they did when their own founder rugpulled on their holders.

But I'm guessing they probably at least looked over the code.

>>26121563
this is my first legit investment shitcoin wise

>>26121341
IT'S HELLA CUTE!

if you actually think it can 10x or 100x, doesn't providing liquidity on uniswap absolutely fuck you with impermanent loss?

>>26121563
keep in mind that bao is legitimately partnered with sushi. bao is integral to sushi's 2021 roadmap and that says a lot. sushi doesn't fuck around. there's a reason that sushi picked the baoman out of all the other devs that are no doubt foaming at the mouth to be part of the next wave of dex projects.

also keep in mind that the baoman is pretty obviously a smart guy. there is a lot more money in making a legitimate top 100 project than there would be in some smoothbrained rugpull

our interests are aligned

BaoMan is taking on the fudders right now.

>>26121843
A bao 10x with 0 price movement on the eth side still only results in 50% loss compared to hodling. That will be more than offset by the high APY.

https://etherscan.io/tx/0xa7897fb4d868f3452ce88302065142a9ab5819e650a3c65ad2bac30badaf6dcc

This guy just bought 50 eth worth in a single transaction

>>26122112
>>26121843
not even 50%

>>26122193
nice.

>>26115661
i literally made my gas fee back in a day of staking. its insane what the APY is right now.

>>26122345
;)

>>26123367

>>26110440
>using chainlink
sauce?

I was told I can't buy this shit for hold. Have noc lue what the fuck staking is cos im a poorfag

>>26121936
He's going to have to deal with this a lot over the next few weeks. I worry that he gets too worked up. If one dude can do that, five or six a day is really gonna piss him off.

>>26122488
That's only viable if you stake millions, though.

>>26123640
Synthetic assets will rely on oracles for their pricing information and will support:
Uniswap V2 Oracles
Chainlink Oracles
Augur Outcome Oracles
Band Protocol Oracles

https://docs.bao.finance/synthetic-assets

>>26119960
32x more rewards if you use bao-ETH LP tokens

>>26123645
isn't true you can't hold, but true you will slowly get diluted by those who farm tokens by providing liquidity to the exchange

>>26121341
You sound smart

ok i bought BAO, how do I stake? complete newfag here.

>>26122193
I wonder if its the same guy that sold 50 ETH worth of RBC? Kek.

>>26123850
https://chainwave.substack.com/p/farming-bao-token

So if I understand this correctly I'll be allowed to harvest these BAO over three years?

>>26123982
read the fucking docs
https://docs.bao.finance/distribution-tokenomics

>>26124055
spoonfeed me, daddy

>>26123982
I'll spoon u

>All fees go into the treasury that backs BAO. The treasury funds are owned by the users who vote on their allocation and use, which can include the buying and burning of BAO.

These fees only apply to LP assets and not to the harvesting of the BAO token.

Standard Fees:
The BAO Protocol takes the following fees on deposit:
0.75% deposit fee
The standard withdrawal fees range from:
0.1% - 0.75%
They are:
0.5% after 5 days but before 2 weeks.
0.25% after 2 weeks but before 4 weeks.
0.1% after 4 weeks.
Standard withdrawal fees are applied when a user stays in the yield farming for >5 days
Penalty Fees:
The following penalty fees apply:
1% fee if a user withdraws under 5 days
2% fee if a user withdraws under 3 days.
4% fee if a user withdraws under 1 day.
8% fee if a user withdraws under 1 hour.
25% slashing fee if user withdraws in the same block. (This is to prevent abuse from flash loans)
The penalty fees are designed to be reasonable for users who want to temporarily yield farm, but penalize users who move out of the system rapidly.

is it really this easy? just stake and make money?

>12 hours of farming

>>26124604
Yes.

>>26124367
Hey anon. Can you handhold me through the entire process of converting my ETH to BOA - acquiring the liquidity token and staking?

>>26124604
how much did you stake?

>>26124769
20M

These big dumps and pumps are good for farmers right? Because we get some of the action?

Picture.
Quite sad that I will have this pygmy amount of locked Bao in the eth pool but makes sense that Baoman can't touch my Bao.

>>26124764
https://chainwave.substack.com/p/farming-bao-token

>>26124814
Yes. Everytime someone buys or sells we get yield.

>>26124815
It really shouldn’t be an issue though? Just two separate pools to harvest from

jesus christ. THESE FUCKING FEES! HOW CONVENIENT! I'M 0.003 ETH SHORT FOR THE 0.04674896734896378963 ETH MOTHERFUCKING FEE. LET'S DO ANOTHER DEPOSIT WITH BILLIONS IN FEES AND ANOTHER MOTHERFUCKING TRANSFER WITH GORILLIONS IN MOTHERFUCKING FEES!!!!!! YESSSS!!!!!!!!!!!!!!!!!!!!!!!! PAY 5637894634768 GAZILLIONS IN FEEEEEEES TO EARN ONE GOD DAMN NICKLE! HALLELUJAH BURN TO FUCKING HELL!

how much bao should I make a day with 1419 liquidity tokens for ETH-BAO? How many tokens do you other stakers have?

>>26125048
This is why I didn't stake, fuck eth gas

>>26125093
I have 6000 and I make around 1.5mil a day

>>26125093
425 that i've probably paid 25 trillion dollars for.

>>26125093
i've been getting around 1 million bao a day.

>>26124764
here fren

Supply your Bao and ETH, set aside $100 of Eth for transaction and gas for your LP tokens.

After you get those connect wallet to bao.finance website. (look it up on coingecko)

Go to menu and first option should be eth-bao pair, you should figure it out from there.

>>26125048
Won’t staking be more feasible once they migrate to xDAI? Do they have a timeline for this?

OKAY! I AM SET UP! One really fucking stupid question: Do I have to have my computer and metamask turned on at all times while staking and farming?

>>26125093
500k ish

Why is it taking so long to add liquidity on Uniswap?

>>26125379
Nah

Anyone stake UNI for this? It has high APY. Not as much as BAO with its x32 multiplier, but I think it's a relatively safe bet just in case BAO doesn't take off like we plan. That way even if the token ends up worthless, I still have my initial deposit I farmed on.

>>26125379
Ahahahah are you fucking serious

>>26125379
Just don't lose access to your metamask wallet or you're fucked.

>>26125407
Thanks m8

What happens when I choose to harvest my earned BAO? For instance, I have ~1,000 BAO-ETH tokens in the pool that I'm currently earning BAO on. The UI states that I currently have 0 locked BAO. What does harvesting do? Is it moving the earned BAO to another liquidity pool or the treasury or? Is there any relevant difference in when I choose to harvest? I read the documentation on the website but I'm still a bit confused.

>>26125372
Before the end of February. Check the Medium post in the thread.

>>26125449
Just be sure you wrote down your password and private keys and copy/pasted them somewhere safe or whatever it is you need to do to be sure you won’t lose access to it.

>>26125398
Gas fees apply, you should be biting the bullet and selecting fast transactions if you're using metamask. Otherwise you run the risk of the transaction failing.

>>26125488
harvesting puts 5% of your earnings into your wallet. try harvesting right now and you'll see it's not worth it due to gas fees. just wait until the xDAI migration.

>>26125488
When you harvest 95% of the farmed Bao tokens become 'locked' and you unlock in around December. These will paid to you linearly, daily.
5% Go straight to your metamask.
Baoman cannot access the locked Bao's, according to the contract.

>>26125379
Nope. Let it run and check back tomorrow and you'll see it grew.

>>26125491
I might wait until then. I’m ambivalent toward farming contracts. The sooner the better, of course. I initially wasn’t planning on making this a mid-to-long term hold (as yield farming tends to implode once the whales enter the picture) but the more I’ve learned about the project, how tokens are distributed, and it’s actual goals it’s value proposition is evident enough.

>>26125379
no

>>26125586
>>26125556
Cool, thanks. Starting to feel comfy.

>>26125425
well, during this ordeal I've had to randomly unlock my metamask on bao.finance several times.. so idk. also, started with crypto two weeks ago. (knew about btc back in 2009 though, but kek'd at it and fucked my only chance to become a billionaire)

>>26125443
hopefully I wont do that!
>>26125507
done & done

>>26125699
For an extra layer of security you can give your private keys to us for safe keeping.

>>26121936
I thought Chef Nomi did return?

>>26125515
I am selecting fast transactions, but the txnhash isn't even showing up when I do it via Metamask. It's stuck in queued for some reason.

>>26125698
No problem faggot

maybe a dump question, but if you unstake, do you ever get your original bao and eth back, or is it gone in exchange for the liquidity tokens?

>>26125788
post a screencap, block out any address or crypto amounts.

>>26125801
you can undo your LP any time on uniswap

>>26125699
The thing with crypto is that there are hundreds of such opportunities to “make it” every other day during such bullruns. This is my “shitcoin” hold and it’s not even a shitcoin. Stuff like ADA, DOT, and AVAX have a strong of a long-term value proposition. I also believe that Monero is going to go fucking gangbusters at some point. I’m relatively new to crypto with a little less than a year of experience in the space. Had I not been a complete and total newfag I could’ve turned $500 into $500,000, no joke. Hindsight is 20/20. The best thing you can do is take the L like a Chad, move forward, and forgive yourself for the mistakes of inaction or miscalculation to learn the mistakes of your past.

>>26125699
I remember back in the early 2010s there were a lot of these sketchy bait sites to "get free btc". They never worked, if only I could have convinced my parents to let me put birthday money and allowance into btc

>>26125788
Also check your address on etherscan for the pending transaction.

>>26125752
hurr durr

>>26125515
I selected slow, it took 14 minutes and was worrying me but it worked out in the end

>>26126017
Slow transactions never work for me unless there’s no volume whatsoever. You got lucky.

This may be a dump question but is it safer to leave my seed phrase in a icloud file so I won’t lose it

>>26126052
Was that "dump" typo intentional or are we subconsciously signaling a dump

>>26125933
Yea. I was hanging around in a tinychat room. And a guy there gave me (and several others) free btc, because it was bacially worthless. I think he sent me a three digit amount.. maybe 500 BTC.
Within a week I had lost the keys, didn't care about it.
I hope I never get kids so I won't be forced to tell them this shameful story.

>>26126017
If it's working you must know something I don't. I have to use fast or all that gas is wasted on a failed tx.

t.me/baofinancebois
Join the telegram for a unofficial bao shitpost club

>>26119427

Very ironic post

>>26119493

Thank you. Sort of tinfoil hat retard and all these new concepts like farming and staking seem a bit menacing; probably should just start and try. But good answer.

70million bao sirs, am i gonna make it?

>>26112884
is there token burn involved? asking for a retard friend fren

>>26127194
Are you hodling or staking too?

>>26127535

staking 30m, didn't have enough eth for the rest. and I don't want to sell it because I can see at least a 2-3x in the short term and I am betting that it'll happen before I get diluted that much.

>>26127194
15 mil liquid
5 mils staked

might stake more when we move chain

>>26127194

a mere 39 mill : - (

let me ride in your private jet bro

>>26128018
How does 39 million dollars sound

>>26128077
bao 1 eoy is the new xrp 2k eoy

>>26128152

except that xrp is 100% a scam and bao only has a 30% chance to be a scam, correct. we are the bao schizos.

thx for showin us newfags the ropes, bao bros! we owe yous one. i will be staking several mil when the dai pairing goes live

Ok anons, I have 400k of this stuff, is that enough to do anything like staking or should I just hold and hope it goes up?

>>26128540

you will pay more in gas fees. not worth it, just hold

>>26108948
i'm interested, let's do this

>>26128628
Thanks, here's to 1$ EOY

My autism has been activated and the repeating numbers have made their way to the forefront of my conciseness and attention. Stay vigilant.

>>26127337
there supposedly is but no one will tell you anything concrete because no one actually knows. they'll just tell you to ask the dev and buy more quickly.
i would think the burn would be an important aspect of an infinite supply token, but nah. just buy bro.

>>26129184
dyor

>>26129184
Burning can be voted on by the community moving forward. Tokens are also burnt in the creation of synthetic assets moving forward.

>>26129184
>>26127337
he said the community can demand and vote on it
it's on the website that the community voting is a part of the project and token burns would be subject to voting

>>26129122
CHECKED.

>>26129184
Tokens can be burnt en masse if the community votes on it. They will also be burnt in the creation of synthetic assets.

>>26129122
checkd

>>26129543
And /biz/ holds the bulk of the voting power. We shall be the heirs and kings of the synthetic DEX market.

We're all going to make it.

>>26129760

>>26129760
No fucking way dude. That has to be edited.

>>26129760
Omg!b!

>>26130049
it's not
it's the 4th person to stake bao
it's int he discord

>>26130847
If this doesnt rug he already made it, off that 1 trade.

>>26130950
yeah assuming this coin goes anywhere as well

>>26109003
>Chink scam.
>buys bitcoin, 80% chink held and mined

xdai chain transition imminent.
if you're worried about staking i'd wait it out,

mainnet/xdai split will be 250/750. with tapering mainnet rewards.

>>26109003
I think Baoman is German because he's been typing in German in the server.

>>26131050
Are Germans reliable ?

>>26131229
I would say so, yes.

>>26131229
>german
is he racist?

So I'm in with a few mil but I've never staked before. How do I actually stake BAO-ETH pair? Also if it's just some shit I missed in the faq just call me retarded and tell me to look there. Don't think I saw it, however.

>>26131315
https://chainwave.substack.com/p/farming-bao-token

>>26129760
How much locked bao is this

>>26131582
work it out from the current price numnuts

>>26131582
0. As an early farmer, it's definitely from other pools. He might be the reason why link-eth pool is only 300% apy.

>>26131621
I think he meant how much Bao has he locked in from farming.
I'll work it out.
>>26131582
It's 19,154,781,273 Bao locked. He will have had about 800,000,000 sent to his metamask wallet when he harvested, which is about $70k worth.

>>26131989
>which is about $70k worth.
Actually about $125k worth, my bad.
Someone check my math, I'm retarded.

>>26132061
Yeah it's 957,739,063 sent to his wallet which is 125k dollars worth.
Fuck.

>>26109115
I dont think so, why do u say that?

>>26132995
Rajneesh is just mad you bought this instead of whatever shitcoin of the hour he’s shilling. If you bother to do a couple minutes of research on this you’ll realize there’s more to it than meets the eye.

>>26110344
What's your best coin??

>>26131229
I'd say yeah

>>26123748
I have 700k, i have to pay 0.745 eth to farm
Is it profitable?

pamp eet

so how does this work out if the price is going to be insanely diluted? is this a minimum like 3 yr hodl? is there any token burning mechanism?

>>26133706
Token burn to be decided by the community when the Synthetic part of the app is fleshed out.
The tokens farmed are 95% locked to a contract to be doled out linearly.
SEE
>>26129760
This begins in December, approximately.