[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 237 KB, 1080x1350, 58784828__2961772046746386432_o.jpg [View same] [iqdb] [saucenao] [google]
26427071 No.26427071 [Reply] [Original]

Staking on secret network bridge starts Tuesday for RSR. Any other RSR holders gonna farm some SCRT and make some money with me? Everybody complains about RSR crabbing, now you can get some passive income farming, hold your RSR, and quit complaining. Don't have weak hands or you will regret it.

>> No.26427081

>>26427071
Built for BBC

>> No.26427250

>>26427081
N

>> No.26427617

>>26427071
thanks op whats the worse that could happen farming secret?

>> No.26427769
File: 50 KB, 1080x360, 1080x360.jpg [View same] [iqdb] [saucenao] [google]
26427769

Secret Netwok is new and allows for the use of encypted private smart contracts. Do some research on it, is a great project. Here's a tutorial on how to turn your eth or erc-20s into secret tokens so you can start earning some SCRT. It is currently, as far as I know, the only way to stake your RSR. Take advantage of it. https://youtu.be/fTvKoshaWvM

>> No.26427938

>>26427769
is converting to secret tokens a taxable event?

>> No.26427940

>>26427617
There doesn't really seem to be much risk at all. You convert your RSR to secrerRSR and then starting tuesday you can start farming SCRT. You can unlock your secretRSR at anytime and convert back to RSR. There are fees so I guess you could lose money if you convert to secretRSR and want to convert your secretRSR back into RSR before you farm your rewards but that is just gas fees.

>> No.26427984

>>26427938
yeah of course if you live in the land of the unfree, in the first world it's not taxable

>> No.26428087

>>26427938
How would the kikes find out? You got your rsr though a DEX right?

>> No.26428097
File: 86 KB, 958x539, Paul.jpg [View same] [iqdb] [saucenao] [google]
26428097

>>26427938
Not sure desu. I wouldn't think so, you're not buying or trading, you're just wrapping your RSR. I'm not worrying about it

>> No.26428225

>>26428097
>>26428087
>>26427940
sounds like coordinates pajeets shilling. im staying away. no village for u sirs

>> No.26428344

>>26428225
I hold 1.5mm rsr and am just trying to help out other rsr holders. This shit crabs like crazy but it always goes up higher. If I see an opportunity to get some passive income staking this while I hold for the long term I am taking it.

>> No.26429486

>>26428097
What do you mean by "wrapping"? From what I understand, you swap your RSR for "secretRSR". Staking the same token I get. But who says that they don't rugpull?

>> No.26429578

What would a stake worthy stack be?

50k citadel concierge here.

>> No.26429765

This smells like someone trying to shill a coin by piggybacking on RSR. Not touching this, not swinging.

>> No.26429941

Anons im getting really tempted to sell please convince me not to

t. 215,000 and OG

>> No.26430325
File: 286 KB, 720x1104, SmartSelect_20210123-134929_Chrome.jpg [View same] [iqdb] [saucenao] [google]
26430325

>>26429486
I'm honestly pretty new to Secret Network and just learned about it when the reserve team posted they locked 3mm RSR on the secret network bridge. But I believe it turns it into a snip-20. Maybe wrapping is the wrong word, I'm still learning about it as well.

>> No.26430402
File: 312 KB, 720x1076, SmartSelect_20210123-135319_Chrome.jpg [View same] [iqdb] [saucenao] [google]
26430402

>>26430325
Proof that Reserve team themselves locked up some secretRSR

>> No.26430585
File: 27 KB, 979x128, secretexplanation.png [View same] [iqdb] [saucenao] [google]
26430585

>>26430325
Here's a much better explanation than what I gave. This is from their Discord

>> No.26431238
File: 2.26 MB, 245x245, 1609774075867.gif [View same] [iqdb] [saucenao] [google]
26431238

>>26430585
Thanks. Let's hope the exchange fees aren't going to get us rekt. Wishing you lots of success anon

>> No.26431322

>>26431238
I already swapped some rsr for secretrsr. Only cost around .01 eth yesterday. Not bad considering I'm sending a large amount of rsr. Farming rewards will more than make up for any fees

>> No.26431518

>>26431322
12$ fees for approx how much RSR? Got 150k myself and I'm not planning on selling for a long time anyway.

>> No.26432020

>>26431518
I sent 500k rsr yesterday, gonna send another 1mm either today or tomorrow. I'm not in a rush, farming starts Tuesday

>> No.26432346

>>26432020
Definitely will send some myself as well. Is there any staking calculator? Couldn't find anything on their website.

>> No.26433180

This is unlikely to bf a scam considering the reserve teams tweeted about locking in 3m rsr to it. I’ve kept my rsr in cold storage but am tempted to try and earn something with it.

1m bag holder

>> No.26433421

>>26432346
They don't have the staking rates up for secretRSR yet. They take their snapshots on Tuesday and that is when it will be determined. Average APY is 20% on secret network bridge though. APY could be higher or lower, I can't say

>> No.26433549

>>26433421
Found this calculator on their discord. It's just for the current assets that are earning rewards right now. Like I said, RSR farming starts Tuesday though.
https://docs.google.com/spreadsheets/d/1Fn4gDF414fwvLoZ3L1ZS_i4KGJV1nwdMvS8jZUtlPVM/edit?usp=drive_web&ouid=108248349087787138876

>> No.26433604

is it audited, as in are the RSR we lock in safe?

>> No.26433989

>>26433604
I can give you the discord link if you'd like and devs and team members should be able to answer your questions better than I. Let me know and I'll post it for you.

>> No.26434337

>>26433989
yeah sure

>> No.26434515

>>26434337
There you go. They're pretty quick to respond. SJK32GY