/biz/ - Business & Finance

3.2 mil stake. 2 mil earned so far. Havn't harvested once, will before eom.

How much do you earn a day with staking?

Have 6 million BAO, 2900 LP tokens. Farmed about 5 million so far but I haven’t harvested any.

I guess I’m waiting until the end of the month when migration happens to xDAI.

>>27421243
But you can withdraw them anytime? The ones that you invested and received?

>>27420802
Poorfag here. 1 mil stake. ~700k pending.
AIGMI?

Anons serious question. When you will have an access to all coins? Invested ones and staked. You can withdraw them anytime?

>>27423036
they're locked up until december and release over a 3 years period.

also poorfag. holding 420k. i fear they will dump on us at some point :(

anyone can sponfeed me how to farm this?

i have never farmed anything

yes i have free energy

>>27423838
>i fear they will dump on us at some point
The whales that have bought a ton in the last 24 hours? Yeah, they’ll dump for fast gains. Baoman? No, from being in discord for awhile he seems to legitimately believe in the product and his vision for it. There’s going to be the timed release over three years but the planned burns on usage are significant. If it’s even slightly as successful as he plans, early farmers are gtmi

>>27424761
It’s farming not mining. Doesn’t require energy, requires capital up front to invest in liquidity for an exchange. At current prices you’ll need about $2k to make it worthwhile

>>27420802
Nice try glowie...

>>27426044
>He willingly missed out on a chance to hop on a 100x because of a logo, not product.
NGMI

Where's my husband?

>>27420802
>How often are you harvesting?
this is a good question, I know about the migration to xdai (March 1st) and that we should harvest before then
I probably won't harvest until the day before
should I unstake, are people migrating to the new xdai L2? do I need to move my LP tokens to that new platform after the migration or is it done automatically?

>>27426843
baoman says you need to move it automatically iirc, I think if you have UNI-V2 LP tokens you need to convert them to SLP as well for xdai

>>27424761
>anyone can sponfeed me how to farm this?
https://chainwave.substack.com/p/farming-bao-token

>>27427104
sorry i had an autism attack when I said "you need to move it automatically", I meant you have to do it manually gomen

>>27427148
Hi hubby what's the next play I should do after bao?

>>27427104
>I think if you have UNI-V2 LP tokens you need to convert them to SLP as well for xdai
understood, do you think it would be worth it?
I like uniswap more than sushiswap, and if UNI keeps going up in price, it may have more volume
I am assuming though that xdai will make it cheaper to harvest, so that may be worth it in the long term

>>27422373
its a good idea to perform a harvest before the migration to xdai, so, at the end of this month

>>27427201
>Hi hubby what's the next play I should do after bao?
I already have a waifu anon (gif related), but you should check out chainlink and linkpool, Matt Beale teased that there will be big things coming soon:
https://twitter.com/mobealo/status/1355706238093283330?s=20

>>27426843
>>27427104
I think you have to do it manually. Also he said there will be detailed tutorials released before the switch

>>27420802
it would cost me $200 to unstake right now for each pool and I'm farming in 5 pools
and that's just to unstake, there's another transaction to exchange the LP tokens

this shit is fucked

>>27427239
since you are 42 idk how worth it it'd be for you. I'm a complete poorfag so moving to xDAI is literally a godsend from baoman since I won't get raped by gas fees. But I personally think that sushiswap is a decent competitor to uniswap, especially if cronje's IL protection token actually gets implemented

>>27427239
Also you'll only get 250 bao per block in the old later Vs 750 on xDai

>>27421243
>3.2 mil stake. 2 mil earned so far.
baosed
8700 LP tokens here

>>27427568
>Also you'll only get 250 bao per block in the old later Vs 750 on xDai
so pretty much makes sense to switch to xdai immediately
but will have to swap my uni LP tokens to sushi LP tokens

>>27427557
>But I personally think that sushiswap is a decent competitor to uniswap, especially if cronje's IL protection token actually gets implemented
yeah, I'm not knocking sushiswap, they cleaned it up after the issue last year

>>27427557
>since you are 42 idk how worth it it'd be for you
from what this anon says
>>27427568
>Also you'll only get 250 bao per block in the old later Vs 750 on xDai
it seems like it would be worth it to switch to xdai as well

>>27427351
No way I'm going to be your wife now. I'll try taking some of my btc stack for this then

>>27427876
ah right, I completely forgot about the rewards per block going down. Forgive me 42. Also will I make it with my poorfag 658 LP tokens?

>>27428175
>Also will I make it with my poorfag 658 LP tokens?
if baoman achieves his goals and the scope of the project successfully integrates with sushi and uniswap, anyone farming early now will do very well for themselves in terms of returns

we are all very early on this project

>>27428072
>I'll try taking some of my btc stack for this then
you can buy linkpool shares on their dex (it costs ETH and you buy via metamask)
https://staking.linkpool.io/dex

and link can be easily bought as well

>>27428072
>>27428175
https://youtu.be/ghQnz83_O10

>>27428373
I just started crypto a month ago and I have more money than I've ever had in my entire life, so I really hope it'll turn out well. Also, could you explain the difference between linkpool and link? If I get some spare money from waging (like 700$) what should I buy and is it worth staking?

200000 Bao, just hodl and hoping we hit $1 by eoy. Best like bun-chan!

>>27428599
42 you're so romantic! I've never been serenaded like this before

Retard here. I want in on this. Is a Uni LP token different from a regular Uni token?

>>27422373
at any harvest you receive 5% right away and the rest are locked until 2022.
>>27427509
holy shit. I think I will unstake 1-2 days early just to make sure I don't end up with ridiculous fees.
>>27422023
1/5~ of my BAO stake, 1/90 of my BAO stake being the daily immediately unlocked share(sent to wallet on harvest)
this rate will decrease gradually due to block rewards.

>>27428827
>I just started crypto a month ago and I have more money than I've ever had in my entire life, so I really hope it'll turn out well.
it's been a great month overall for crypto (especially alt coins)
we have to increase our stacks as much as possible, everything is cyclical and multi-year bear markets follow insane bull rallies
if you stay in the game for a few cycles, you should be very well off (assuming you made good plays)

>>27428827
>Also, could you explain the difference between linkpool and link?
linkpool is a nodes provider:
https://www.linkpool.io/

chainlink is a middleware blockchain oracle solution with it's own native token (link)

they work closely together (some of the linkpool team is part of the official chainlink team)

>>27428827
>If I get some spare money from waging (like 700$) what should I buy and is it worth staking?
if you only have $700 to throw around, you might not have enough to buy a linkpool share
check the DEX for the minimum sale orders that are available, or put up a buy order for yourself
link is always a good buy (even though it is already top 10)

if you don't have much money to throw around, you're better off putting it in something like BAO, but if you have large amounts (5 figures) then it's worth putting some in chainlink/linkpool

>>27429163
>Is a Uni LP token different from a regular Uni token?
LP tokens stands for liquidity pool tokens
read this guide:
>>27427148
>https://chainwave.substack.com/p/farming-bao-token

>>27429163
ill spoonfeed
an LP token is something you get for being a liquidity provider between tokens, like BAO-ETH. a regular UNI token is just the protocol token

>>27421243
Same quantities here, waiting till end of month to restake, feels good.

>>27420802
FUCK YOU KIMCHIMAN YOU ABANDONED YOUR PROJECT

>>27429342
yeah after checking prices im definitely too much of a poorfag for a link node lmao. I am considering a couple of options:
1. DCA into defi bluechips/indexes. I think everyone is bullish on Defi since well look at the gme fiasco lmao
2. buy some shilled crap on /biz/, wait for a 2-3x and gtfo. Repeat. Risky but could lead to me having enough money for a linkpool share
3. all in GRT/BAO (coins with an actual future imo).
Which would you do if your net work <5 figures and you receive 350$ a week from waging? sorry for the questions i just really want to make it

>>27430397
probably just all-in on a low-mid cap with sick potential
I know I'm in a BAO thread but I'm not gonna recommend it because of the massive inflation

>>27430397
I've gone for 3

Splitting my weekly cheques into GRT long term, BAO possibly long term, maybe medium term depending on growth, then buying an even split of ETH/BTC since those are guaranteed long term growers

>>27428967
Ryan Celsius has the best tunes:
https://www.youtube.com/watch?v=BKfSl5WCDLw&ab_channel=RyanCelsius%C2%B0Sounds

>>27420802
Hello, just your friendly neighborhood Humble Farmer checking in to say hi.

>>27427104
>if you have UNI-V2 LP tokens you need to convert them to SLP as well for xdai
nah dawg, didn't see that anywhere

>>27432019
>Hello, just your friendly neighborhood Humble Farmer checking in to say hi.
about to update my table too
thanks for inspiring me anon

>>27432147
https://thebaoman.medium.com/bao-v2-the-journey-86dab5a203de

>>27425291
Baoman is secretly some big dev
He got Sushi partnership when Bao was just tiny
XDai changed their roadmap just for Bao
He says he was just some accountant or something but everything he has done so far is far more mature

>>27420802
Where do you get this token? I do not see it on uniswap.

>>27431756

I really want PNK but I can afford more BAO. Decisions decisions...

>>27427104
>baoman says you need to move it automatically iirc, I think if you have UNI-V2 LP tokens you need to convert them to SLP as well for xdai

at least there's an easy way to swap LP tokens between uni and sushi

https://lite.sushiswap.fi/#/migrate

>>27432574
>Where do you get this token? I do not see it on uniswap.
you need to add the contract address
https://www.coingecko.com/en/coins/bao-finance

0x374cb8c27130e2c9e04f44303f3c8351b9de61c1

>>27433945
>you need to add the contract address
>https://www.coingecko.com/en/coins/bao-finance
>
>0x374cb8c27130e2c9e04f44303f3c8351b9de61c1
>>27432574
https://etherscan.io/token/0x374cb8c27130e2c9e04f44303f3c8351b9de61c1

did baoman burn 60 billion tokens? good, he should burn more

>>27435437
pretty sure more will be burnt once bao baskets and synths come into play

>>27433656
see
>>>27435776

>>27433656
Saving this, thanks for the info as always 42

I put two ETH into shib so pissed and lost it. Guess I’m bag holding. Could have used it to farm more bao. I have 2700 LP tokens in bao-ETH pool.

>>27429342
So if I start farming Baos, do I lose access to my initial stack that I bought in?

Like, say I take my 50k BAO stack (poorfag) and put it all in for farming... I know my access to the farmed BAOs are limited, but what about the 50k BAO I put in? Will I still be able to do whatever I want with it?

>>27436310
>but what about the 50k BAO I put in? Will I still be able to do whatever I want with it?
no, it is locked in a uniswap or sushiswap liquidity pool token (BAO-ETH usually)
and you need much more than 50k for it to be worth it
better to do it with at least 1 million

>>27425405
How much would i earn monthly staking 5k ? ~

>>27432464
>Baoman is secretly some big dev
MFW turns out to be Satoshi

>>27436626
As much as I wanna throw fat stacks in, this coin and DONUT is me getting my feet wet with these super small, unlisted coins. I know 50k isn't much but would it be worth staking half? I feel like it's a good safety net.

And I sound like a newfag but I've been trading crypto since Dec 2017, I just never really got into farming, staking, etc. so I'm super unknowledgeable about this shit.

>>27436895
>I know 50k isn't much but would it be worth staking half? I feel like it's a good safety net.
gas fees alone cost a few hundred when all is said and done

see this article about how to farm:
>>27427148
>https://chainwave.substack.com/p/farming-bao-token

>>27436742
You mean 5k Bao or 5k LP tokens? It’s not worth staking 5k Bao.

Im looking forward to staking a few ethereum worth of bao as soon as price comes down. hopefully this week

>>27437080
42, I have to tell you that I am into ball crushing.

>>27433656
>no metamask

RIP

>>27437080
42... >_>

>>27437590
already have a waifu anon

>>27439174
aka me!

>>27435776
>Question for 42: Do you stated that it is only profitable to farm in the 5 or 6 fig range
no, it's profitable to at least stake 1 million BAO
I think the ratio goes something like 850,000 BAO per 1 ETH right now
so if you have 850,000 BAO tokens, you will also have to have 1 ETH to be able to stake it via the uniswap LP token

>>27437745
all erc20 tokens are on metamask....get a clue nocoiner

>>27437745
you can easily setup a hardware wallet to use metamask

>>27420802
I’m farming sushi bao and surf. For those that hold sushi, surf.finance will be doing an airdrop for their ubi token on the 14th of this month. Make sure to hold some sushi/surf to claim it and stake. There’s only 5k available. It pays daily rewards.
Pic related aigmi

>>27440375

>that farmed bao

holy fuck how much are u staking

>>27440479
About $35k each in bao/sushi/surf. If this hits 1c I will make it. What are my chances boys

>>27439174
hi excuse me i was wondering about that linkpool
the first thread i saw of it the other day the first thing i did was search to see if the company had a coin
it didnt
is it going to be a stock?

650M Bao locked. Though not sure if Bao will even be relevant in a year

>>27440785
>the first thread i saw of it the other day the first thing i did was search to see if the company had a coin
>it didnt
it does but only on their DEX
https://staking.linkpool.io/dex
they plan on migrating it to an ERC soon

I have 500 Euros to throw, should I stake now or after the move to xDAI?

>>27440625

Do you think surf is something I should throw 1 eth at?

For the airdrop do I need to have sushi/surf LP or just surf tokens and sushi tokens

>>27440625
what's the SURF pool? can't find it anywhere on bao.finance or baoboard.com

>>27440375
>125m locked bao

holy frog

>>27440944
ah i see thanks

I can stake 1mil BAO. Should I do it now or wait until xDai?

>>27440974
They have a ton of stuff coming. I suggest joining the discord and reading everything theyre building. The airdrop will be claimable and will pay out daily rewards in surf which is backed by $3.5mil. It’s a long term investment. I’d strongly suggest looking into it.

>>27440999
Nice trips. There’s no surf pool I was jjst mentioned the current 3 protocols that I’m farming in atm.

>>27441046
How’s it going for you. Pic related is current rake.

>>27441386
You should do it now based on the fact that xdai isn’t until the end of the month I believe. Get the buns while you can.

>>27441393
Fine, I'm only staking 1m and getting dunked on by IL but whatever. I'm also trying to think of the best way to get into promising projects (like Bao) early. Is it reading announcements bitcointalk?

>>27440944
Is there a way to talk to you outside of here?

>>27441714
The IL in the bao pool seems pretty rough. I’m not farming that pool. I’m not on bitcointalk but I’m sure that’s a good place to be. I personally just invest in new ideas/good teams/partnerships.

Supporting this is supporting communism and child slavery

MUSE pays you every time anyone uses their exchange. Bag holders right now are set to earn thousands per day.

WE ARE A 100X GUARANTEE

>>27420802
Can someone explain what I do with liquidity tokens when the 3-4 years is up?
Like, i've got 1k liquidty tokens for Bao-ETH UNIV2 and I am currently making like 10k bao per hour. Thinking about just dumping the rest of my 2 mil held bao into liquidity so that I can farm fast. However, I don't know what happens with this liquidity token. Do I need to just leave it? Will it deplete eventually after I start getting money back after the first year has passed? Or do I just keep the liquidity tokens and trade them back somehow after 3-4 years?

>>27442243
>Is there a way to talk to you outside of here?
https://twitter.com/42Chainlink42

>>27442247
Yeah, I didnt expect such massive movement so quickly with Bao but its not all bad, I'm farming more Bao than I'm losing and gaining wETH so its fine.

>I personally just invest in new ideas/good teams/partnerships.
Yeah, I'm just wondering how to know when good teams announce new projects before groups like /biz/ get onto them.

>>27442479
The liquidity tokens are solely based on trading bao/eth. You can always remove liquidity and get your 50/50 bao/eth back. It all depends on how bullish you are on bao going into the future.

>>27441393
>tfw only 46LP staked

not mad tho, I staked 100k bao at about $50 and I've raked in a solid 80k since. Not even close to as much as you, but I might hit a couple hundred bucks off a sub 100 investment

>>27441393
respek

has anyone used this platform?
https://app.zerion.io/

>>27439951

>no, it's profitable to at least stake 1 million BAO
you mean, before the migration to xDAI or at all?

>>27443333
Based quads. Yea it gives good insight on a lot of things.

>>27422796
yes anon. just keep calm and stake on

>>27423036
>>27423301
5% are release when you harvest and you can harvest/unstake at anytime. The other 95% follow what anon here mentioned: daily release across 3 years. This is a good thing because it means that the project can continue to grow and gain value while it SLOWLY become diluted.

>>27432019
Thanks for the update fellow farmer. Thats a nice crop you got there. see you tomorrow.

>>27436895
half of 50k is nowhere near worth it, at the very least you should be staking a million bao, optimally several million.

Christ I want to be a part of this too but these gas fees are fucking ridiculous. By the time I've bought ETH, exchanged some for BAO, got LP tokens, and staked, I'd have burned through the few hundred dollars I'd be willing to throw at this on gas alone.

BAOMEN REPORTING IN.

500 LP STAKED

AIMGMI?

>>27443870
farming isn't everything anon.

Look at the TLV compared to market cap. This can do a 2x by the time it gets to 1:1 -- for reference. most projects have lower TLV than their value, so in theory this deserve to be over 2x current price. and that's assuming no one continues to stake -- which considering that there's about a person every 5 minutes on here or discord who is asking how to stake that tells me that the TLV is only going to continue to rise... especially after march and xdai.

all that said anon. just buy and hold and you'll be fine

>tfw 35M Staked, 35M waiting for harvest.

Yeah. We are all going to make it.

>>27420802
>people are making it on food token with literal video game mechanics and 0 real world use cases
what timeline is this and why did i miss out on everything

>>27444758
how are derivatives zero world use cases? the derivatives market is worth 600 trillion

>>27444258
>AIMGMI?
you would roughly have what this anon is getting:
>>27432019

>>27444566
>Yeah. We are all going to make it.
chekked

>>27445037
I think you have your messaging thingy off. :/

>bao threads in 5 years

I got a 1k BAO stack for $1000, aigmi?

>>27445425
Based and baopilled

>>27445037
Ah yeah, pretty much half.

Whelp, fuck those gas fees, but I'm strapped in.

Anything I should know or be looking out for?

>>27445890
Just remember to harvest before the end of the month or else your BAO Earned will be reduced.

I bit the bullet and went all in, staked 10 mil BAO. How fucked am I?

>>27446286
How much was that in ETH?

>>27446286
You’ll be fine

>>27446385
11 ETH. Had around 23 mil BAO and swapped half of it for the ETH pairing

>>27442697
Watch Bitcoin Wednesday talks in Amsterdam.

Remember me in 3 years.

>>27436809

Hello fellow chad farmers

We’re all gonna make it

>>27441393
I can't find anything on SURF :(

>>27436054
hello sirs it is me again, please post to me your information and i well send you one bao

>>27448213
>hello sirs it is me again, please post to me your information and i well send you one bao

>>27446677
based af. you made it just in time before the next halving. if you wait until the end of the month to harvest you will easily make $1,500 this month on just your 5% unlocked.
farming is going to get a lot less productive after this month so this wont remain true but it'll certainly help pay the $400ish dollars of gas fees needed to stake and unstake

>>27420802
Can someone link to some good read technical details about BAO?

>>27449266
https://docs.bao.finance/v2-plans
reading myself. im fairly new and got in super early on this. what are the benefits of staking?

is there any point for a poorfag who is a HODLer? did I fuck up badly anons or will it at least increase to a profit if I got in a few days ago? not enough to stake

>>27448319
I can't help but laugh a bit sorry hubby.

If you're tired of pump and dumps, buy MUSE

They just built an NFT DEX that's already making money. This is like buying Coinbase when it first got released

There will only every be 1m muse coins. Each of these coins gives you a percentage of profits from the DEX.

They are about to become too expensive to even consider buying.

100x EOM

>>27446859
Will do anon, thanks

I got 1.25MM at 0.00069

$1 EOY?

>>27420802
How do I farm bao, I currently have 0

Just bought $200 worth of Bao, do i stake it and start farming ? Thats it ?

>>27451465
You need to pair it with $200 worth of ETH or whatever you choose

>>27451465
Gas fees are kinda insane right now, you're better off just holding and accumulating more. Just don't put in more money than you can afford to lose and be patient, we can easily go another x10 from here. Take those gains and then put them into something else so you can move into 5 digit portfolio territory.

I bought 22m stacks and already sold everything at 15 except 4m that I am keeping in the farm

Did I fuck up?

does everyone's farmed bao start unlocking at the same time?
will this not cause a steady decline in the price for the next 3 years after 2022?

>>27452107
I feel like it would but I can't tell for sure.

>>27420802
Ok can someone give me a run down of how I start bao farming?
I did doge and Moreno before so I know basics.
Thanks

Do you need to pay gas fees every time you exchange ETH for BAO and vice versa on Uniswap?

Seems like a lot but I still don't really get what gas fees are in the first place.

>>27452266
see
>>27427148

So i have a bunch of bao but when i go to stake it the site said I have 0 BAO-ETC ?

>>27453259
Thanks

>>27453374
You need to contribute to the liquidity pool on Uni/Sushi by pairing it with the equivalent amount of ETH. When you do that youll get LP tokens from the exchange, you stake those LP tokens, not the bao itself.

>>27453374
thats right. you have to pair the bao and eth on uniswap to make the univ2 tokens

>>27454455
>>27454489
Oh i see, i missed that part in the guide.
Is it actually worth staking if i only have like a couple hundred bucks of this stuff ? I just don't feel like buying 10k+ worth of a shitcoin and then locking it away for 3 fucking years ..

>>27454572
I think its probably not worth the gas fees for you since its a flat amount, but its substantial compared to how much you would stake.

Also just for clarity, you dont lock away the LP tokens for 3 years, you can unstake those at any time (and pay the fees to do that). Its the staking rewards that are unlocked over the course of 3 years.

>>27454696

Correct. Once you harvest 95% is locked for a year and then distributed everyday. The remaining 5% rewarded immediately.

>>27452560
>I still don't really get what gas fees are in the first place.
Its what transaction/Network fees are called in Ethereum.

can anyone spoonfeed me on what I stand to lose by waiting until the xdai migration to start staking?

>>27456282

to expand on this -- I would want to stake 1m bao, so I'd stake that now (pre-migration), then, in order to re-stake on xdai, I'd only get 5% of the total farmed amount back to use... so I'd probably end up having to buy another 500k-1m bao to stake on xdai, right?

Has anyone sat down with a pen and paper and figured it out, Holy fuck its mind blowing.

>>27456282

Same question. I have a bag over 10m and not sure if I should farm now or wait for the migration. Whats the best move?

>>27425405
If I have 250,000 BAO should I stake or should I just hold forever?

>>27441393
Oh lordy

>>27456978
Some anon did the math and anything less than 1 million BAO is not worth to stake for now.