/biz/ - Business & Finance

>>27578425
Shameless bump. Time is running out now that things are moving quickly behind the scenes with Bitfinex.

Bitfinex may be a larp after all, did you see their podcast? The whales + bots are gonna be a big deal though. Since BTC/USDT is the biggest pair in crypto and stakenet dex is the only dex that can do it with real bitcoin.

*Ahem*
*tink tink tink*

Attention KIKES and FUDDERS

I will NEVER, ever sell my Stakies. XSN at 80c? Didnt sell.
XSN at $1? Won't sell.
XSN at 2? 5? 10?... $50? $100? $500?

Not selling.

IF you filthy kikes ever want to see these stakies again, you are going to have to pump the price to AT LEAST $1000 PER XSN... At which point, AGAIN, you filthy kikes, I AM NEVER FUCKING SELLING

Oh and before I go
FUCK KIKES
FUCK JANNIES
FUCK NIGGERS
FUCK BLOCKKEKS
FUCK RUBICJEETS
But most importantly
FUCK FUDDERS

>>27579286
Still not bad. That means that something good came out of their relationship with bitfinex in regards to the dex being a potential increase user base and volume. If that is the worst then we already made it. At 200mil/day in volume each node would get about $5k/month.

I bought a MN just yesterday, but I'm a total retard so I have some questions:
Where do I store my XSN off an exchange?
The "easiest way to set up a MN" video seems old, is it still done like this?
If I set up a MN now, will I already get rewards? The DEX is not up and running as of now right?

>>27580241
Well being on their cex is pretty good, once we get more pairs on bitfinex the aggregator will be able to grab it.

>>27580477
Checked.
>Where do I store my XSN off an exchange?
-XSN Core
-XSN cloud
-XSN app on trezor/ledger
-XSN dex
>The "easiest way to set up a MN" video seems old, is it still done like this?
Yes see, https://stakenet.info/masternodes/guide

>>27580477
>If I set up a MN now, will I already get rewards?
Takes 3-5 days before you start getting rewards. Then average reward time is roughly every 36-40 hours.
>The DEX is not up and running as of now right?
In open beta but it hasn't gotten many updates, all the updates are in the closed beta with eth testing currently happening.

As our DEX begins to wrap up the final elements of Stage 1 and transition to Stage 2 “Prometheus”, our team has prepared initial architecture for the upcoming Stage 3 “Hydra” network upgrade.

NOTE: This Network Upgrade will require a Hard Fork. Current Masternode Governance/DAO will need to adopt the rules proposed. Changes to values and splits could be adjusted after launch via an on-chain governance vote.

In Stage 3, “Hydra”, a percentage of all trading fees from the DEX will go to the Masternode network running the DEX, as a commission payment for running infrastructure and the DEX/orderbook itself. We have been working with Liquidity Providers and Market Makers to come up with what we believe is a fair but industry-leading incentive model. We will dig into more details below.

>>27578425
delete this

The DEX needs to be decentralized, thus hosted on the Masternode network, and it needs liquidity for users to trade. There are two types of liquidity in the DEX: Channel Liquidity (making up rentals and layer two routing infrastructure, provided by Masternodes) and Orderbook Liquidity (liquidity given to the orderbook itself, provided by Orderbook Liquidity Providers -OLPs).

Therefore, the main entities on the DEX are:

Masternodes: Hosts and L2 Liquidity Providers (channels).

Orderbook Liquidity Providers.

Channel liquidity is needed for all assets, not just XSN. Masternodes are needed to provide this liquidity by acting as L2 Liquidity Providers. They play a critical role, not only by hosting the DEX but also by joining liquidity channels of all assets through hubs/orderbooks for users to trade on.

1. Masternode Hosts / L2 Liquidity Providers
All Masternodes can be used if they choose to (opt-in) host the DEX, contributing to the network infrastructure and collecting a percentage of the trading fees for executing their functionalities. This is what we call a Masternode Host.

They also have the option to earn additional routing/rental fees if they choose to. Those would not only host the DEX but also act as L2 Liquidity Providers, by providing Channel Liquidity and becoming what we call a DEX Hub.

This gives extra benefits to Masternodes, as any channel liquidity for assets they support in their DEX Hub can also be used for trading/market making, giving a greater return for the extra services provided. Keep in mind Channel Liquidity is different from the 15000 XSN locked in Masternodes — those are still locked.

To opt-in to hosting the DEX, your Masternode will have to meet certain hardware requirements.

Masternode DEX Host: 8 vCPUs / 16GB RAM / 50GB SSD

Masternode DEX Hub: 6 vCPUs / 16GB RAM / 320GB SSD

Orderbook Liquidity Providers (OLPs)
Any user with a wallet, even without owning a Masternode, can provide liquidity to the orderbook and collect a percentage of the taker fees (similar to Uniswap).

It is important to know that with every trade there is a Maker and a Taker. The Maker provides limit buy/sell orders to the orderbook, and the Taker is the person market buying/selling into them.

Our plan is to operate with a Taker pays Maker structure so market orders pay 0.25% and limit orders have negative fees. This is done by a 0% fee for Makers and 0.25% for Takers. The Maker will be paid between 45–67.5% of the fees from each trade made with them depending on the total DEX volume. This essentially makes negative trading rates for Makers, compared to at best 0% on a spot exchange giving a very strong incentive to trade on our DEX and provide liquidity over anywhere else.

During Stage 2 — Prometheus, and working with our liquidity and market maker partners, our Maker pays Taker model will be active and you will still be able to earn a % from P2P trading during this time. This is open to anyone who provides orderbook liquidity. If you place a Maker order on the DEX and someone executes a trade against it, you will earn a % of fees associated with that trade.

>>27581178
Estimated Masternode rewards
The following is a Masternode reward structure we feel will provide strength and scale with the network based on increasing volume (estimated at a 2800 node count with everyone opting in, trading fees dynamically adjusted between 22.5–45% to Masternodes Hosts based on volume).

We will use 10% of the collected trading fee to buy XSN at market price from the DEX and then burn it. For instance, for a trade of BTC to ETH, we will use the 10% of the trading fee which will be in BTC to then market buy XSN. This will create a continuous buy pressure of XSN itself which will then be burnt to reduce the overall circulation of XSN.

We propose the following equation to balance the rewards between Orderbook Liquidity providers (OLP) and Masternodes Hosts. With the proposed equation, all trading fees collected from the DEX which are to be distributed to the Masternode network will first be used to market buy XSN from the DEX orderbook and then distributed as XSN to the Masternodes.

y = 45 - 0.0225x
z = 90 - y
where:
x = daily volume of the DEX in million dollars.
y = % share of the Masternodes Hosts from trading fees.
z = % share of the OLP’s from trading fees.

This equation gives almost an equal share to Masternodes Hosts and Orderbook Liquidity Providers for low DEX volumes. And as the volume increases and OLPs put more liquidity on the DEX, their share increases due to their increased exposure to the market.

>>27581297
To clarify, below are some rough estimations of what one Masternode Host could earn daily from DEX trading fees (estimated at a 2800 MN count of all running the DEX):

$1M daily volume, average daily fees to 1 MN ~ $0.40 (45%)
$10M daily volume, average daily fees to 1 MN ~ $3.99 (44.78%)
$200M daily volume, average daily fees to 1 MN ~ $72.32 (40.5%)
$400M daily volume, average daily fees to 1 MN ~ $128.57 (36%)
$800M daily volume, average daily fees to 1 MN ~ $192.85 (27%)
$1B daily volume, average daily fees to 1 MN ~ $200.89 (22.5%)

This would be paid in XSN to the Masternodes hosting the DEX.

These rewards above would serve as additional rewards on top of the 45% block rewards that go to the Masternodes for providing their node services. Currently, Masternodes yield ~15% APY on block rewards as is, without the HYDRA DEX service being live or any of the other services Masternodes will be able to provide, such as L2 Liquidity Providing or TPoS contracts.

How does liquidity providing work/what's the purpose?
Over 90% of trades on CEXs aren’t done by a normal user — most of the time you are trading against bots: market makers algorithms, arbitrage algorithms, exchange algorithms, etc. As traders don’t like to trade at illiquid exchanges, you have to set up liquidity to attract users.

One unique aspect about our DEX is that it is one of the very first DEX’s able to make instant (layer 2) trades comparable to a CEX. So an OLP can utilize our DEX with a high degree of confidence for arbitrage, for example: to buy a coin at a CEX, while selling from their user-controlled wallet on our DEX.

>>27580241
feeling comfy with 24 nodes and counting

>>27581464
Considering recent events, our team is preparing a mass exodus from traditional finance to release the public from the stranglehold institutions have on our assets as proven with GME and AMC.

Stakenet will be prioritizing the deployment of AMM bots integrated into our user's wallets so we can all market make and compete with the high-frequency institutional bots which are a big cause for the uneven playing fields we have witnessed in traditional finance.

With XSN DEX these actors cannot centrally manipulate, and with decentralized bots there will be sufficient liquid P2P checks and balances, avoiding any single entity's irresponsibility as we saw with the over-leveraged shorting that occurred. We look forward to the roadmap ahead and providing useful tools to assist with accomplishing our mission towards a decentralized financial system.

- X9 Developers

For more information, updates, and news, follow us on Twitter or join the Stakenet discord.

Stakenet team,
Stakenet.io

>>27580958
Shoo shoo pajeet fudder.

WHERE ARE THE ANNOUNCEMENTS YOU PROMISED ME

>>27582363
sir what are you looking for?

Seems like a lot of announcements recently to me

>>27582511
something about the dex
you told me after that announcement it'll be 500 dollar worth

Some features :
>No KYC
>BTC <> ETH <> ERC20
>HF Trading Compatible
>10% Daily Burning from Trading Fee
>Masternode Owners Will get Trading Fee
>Better than starting your own Crypto Exchange

FUDDERS ARE YOU OK?
ARE YOU OK?
ARE YOU OK FUDDERS?

FUDDERS ARE YOU OK?
ARE YOU OK?
ARE YOU OK FUDDERS?

TELL ME IF YOU'RE OK?
ARE YOU OK FUDDERS?

>>27583702
To me lack of KYC is the most appealing, no idea why shills don’t focus on it in a bigger way.

>>27580477
>>27580833
>>27582511

Checked and based

>>27579286
what? what was in the podcast??

>>27584090
that's why I can't wait for XMR swaps. XMR community is going to love this project to the maximum. maybe we should go shill it on /pol/ in the meantime

>>27585406
we will shill like crazy, but first we need a fully functional DEX.

>>27581500
checked and based
>>27584563
bitfinex is gay and wants a dex with kyc or somethings , so maybe partnership is a larp.

>>27585701
Im in closed beta and its coming along nicely. I can see it finished in a few weeks.

>>27580796
With current MN expect 7 days

>>27586511
checked

>>27586193
If we are lucky. Always takes longer to test than you think.

>>27583176
Don't expect a lot with incompetent developers. Expect the DEX to get delayed again.

>>27588935
vgh i svffer

>>27588935
>incompetent developers.
>The only dex to have working lightning swaps
Kys faggot, these devs are very skilled at what they do.

Am I too late to buy a masternode? How much are you lads making a week per MN?

>>27591462
$10k per month, per MN. I have 10 MN. Meaning I'm earning 100k per month.

>this will be true in 2 years.

>>27592569
>2 years
Try 2 months

>>27592569
>>27592611
You morons remind me of GME cultists that are running amok on this board.

>>27592917
>Comparing a 3 yr old project to GME
Kys faggot.

>>27591462
I am also interested, have 0 XSN at this point but considering starting a MN. I understand this has already 10x or more, and I could have 10 MN for the same price, but considering the long game

>>27593180
The 10x you are talking about is from the corona dip......

>>27592917
There's a lot of hopium that makes me a little skeptical, especially when they talk down on other promising projects like bao and rbc

>>27593616
BAO I have not reviewed but RBC... well, I was in that from 2c and sold after I realized the product is BS. It is actually the reason why I am considering going into XSN - real tech, not just shilling hyping. RBC cross-chain is just a rebranded Binance Panama, as for L2 they have nothing apart from a Roadmap with this title. Granted, I have 0 XSN at this point, still gathering more info.