/biz/ - Business & Finance

Just a humble farmer, tending to my BAO.

>>27616869
Those gains about to evaporate

>>27617073
based humble spreadsheet farmer. keep up the good work. looking thick. solid. tight.

>>27617073
Anon - i see you in most bao threads, based spreadsheet fellow farmer.

What are your plans eom - harvest what you have, move to xDAI and add your 5% extra in as additional liquidity?

>>27617130
Tell me more

>>27617130
>he said after most early farmers have at least 25xd
>doesnt know if bao even took a -50% day and eth pumps im still up an enormous amount due to LP BAO/ETH
when does it end with the fudders? You missed out bro

>>27617506
Harvest EOM or when I get 10,000,000. Whichever comes first. I plan on moving it to the xDAI pool. I'm probably gonna keep my 5% gains in my wallet to sell and make profit from my original position.

>>27616869
BTW, I have a hunch Reef will be the next to have BAO-like gains

Stop bragging you fucks plx I feel sick

>>27616869
>thinks posting his farming stats is going to FOMO people.
>people realize they can't compete and they'll be bag holder compared to you.

Thanks for making this clear to us anon.

$WORLD

am i gonna make it bros? i got in really fucking early but i am such a poor

>>27618719
yagmi anon

>>27618641
Do whatever you want, just wanted to see everyones farming progress.

>>27618407
Nice stack anon, the recent prices rises should bump up that yearly figure. I believe it is based on a rolling 7 day average.

Hopefully the price keeps going up.

This shit is going to dump hard in a year when it all starts to get released

I have BAO. How do I farm?

>>27617073
What's the... the green line?

>>27619594
Lol, have you even looked at the website of the token you bought?

>>27619349
But only a small amount gets released into the market at a time. There is also going to be a high token burn rate

>>27619349
you obviously haven't done the math. circulating supply is increasing by about 1B per day. once distribution starts, remaining supply will be around 1T-1.2T (NOT INCLUDING BURNING). @ 1095 days of distributions this would be about .09% released per day. .09% of 1.2T is about 1B per day. the same exact increase we're seeing now. baoman is a fucking genius and his math is spot on. this is going to the moon. best to get on now.

>>27619856
This anon gets it

>>27619823
I own BAO and I want to farm it, and I've read docs.bao.finance, but I'm still unsure how to farm. Also the fucking $80 Uniswap fees are preventing me from taking the plunge.

>>27620313
https://chainwave.substack.com/p/farming-bao-token

>>27619823
Yep. Still not sure it works. The <100 IQ ~ >130 IQ meme is real.

>>27618932
thanks anon, seeing everyone with their rich people stacks makes me kinda nervous

>>27620470
Thank you

>>27620313
You need to pool ETH and BAO into their Liquidity Pool on Uniswap. Then receive the LP tokens and stake these on the BAO site. 2 smart contract transactions needed just to get in, a lot of money in fees. Your holding should be at least $5k to make it worth short term.

>>27620470
Fantastic, thank you so much anon

>>27619856
Let them stay poor anon. Sick of these BAO fudders desu.

>>27620863
Perfect, thanks anon. I have 1.6M BAO. I'm thinking of putting up like 0.5 ETH and 500k BAO for farming. Not sure if this is possible or smart, as you said $5k minimum holding.

>>27621274
You should expect $100 to stake and unstake.

>>27620863
>>27621274
farming is not worth at all short-term since you lose out on potential BAO gains due to IL and you have to pay fees to take it out early.

If you plan on holding longer than a month or two, then farm, otherwise I would hold. Also, if your stack is too small then gas fees will be a pretty high proportion and it's also not really worth it.

>>27621419
>>27621652
Thank you

>>27616869
This was actually the first crypto I was eyeing weeks ago when I was just getting into this. My question is this - what's to technically stop it from going dark one day before your payout, taking all your money? Since you can't even cash out whenever.

>>27622909
>Since you can't even cash out whenever.
I have no idea why you think this. You swap BAO for ETH on Uniswap in the exact same way you swap ETH for BAO. If you're unsure, test it out with a small $200 ETH purchase, swap with BAO, then swap it back to ETH so you familiarize yourself with the process.

>>27622909
There isn't. That's a risk you'd need to be willing to take.

>>27622909
>>27623236
I believe everything is controlled by votes, baoman does not have full control of everything - AFAIK. plus, he is hiring additional devs so code control will be split across a team.

AAA
What do we do with impermanent loss? I staked 1milli Bao and got like 800K in return, planning to let them sit there till EOM. Is there a way I can get back all my originals Bao?

>>27619185
That's what we're all hoping for fren

>>27623501
unless ETH moons no

>>27616869
have a very small stack, like 100k

is it too late to buy $1k of BAO, $1K ETH and stake it?

>>27620542
Yup

>>27623704
a lot of people predicting eth making big movements in the coming weeks, hopefully this is true.

How come you guys have something under locked tokens, but I don't?

>>27623704
Just considerate like the LP Pool is securing you gains by selling into ETH

IF you held this much BAO wouldn't you be taking profits? If you look at it through that lense, you're "harvesting" ETH from your gains without incurring any fees

Meanwhile I assume you're farming BAO so if BAO moons to ~$.05 and you have 5,000,000 BAO you'll make $228 per day starting in December

Seems like a pretty sweet deal if you ask me. People always think they can "time" the market, but impermanent loss can also be looked as continuous profit taking. ETH is a valuable asset so it's not like you're pegged to a stablecoin

>>27617073
what is the calculation to determine gas fees?

>>27624310
If you harvest or stake/unstake it calculates this.

But don't do any of those things unless you really want/have to - gas fees = $100

>>27624425
Sorry for this horrific spelling I suare english is my first language

So people are buying right now because of its distribution mechanics, farming, and the promise of earning $XXX per day once released? And you can't sell a certain amount?
Sounds like a really esoteric pyramid scheme.

>>27624686
It is. Don't buy it. Screenshot this and check the price in a year.

>>27616869
>when this unlocks
so never? unaudited code will get you rekt.

>>27625071
It's not audited?

Also I am poor and only have around £300 a month. How should I add more tokens to farm more until the December deadline?

After March of course. I already have 678 BAO-ETH tokens staked.

>>27619797
Just a visual note for 1 month of farming.

i almost fucking bought this shit but everything is impossible in americuck. how do i do it without gas fees?

>>27624960
From the docs it sounds like the value of this token is ostensibly coming from its ability to create synthetic assets, but right now the value is just coming from people buying in for farming. So what if something else beats this to synthetic asset creation? I mean, can't ETH do ALL this defi shit on its own without the need for tokens?

kinda want to pull my staking.... only had 5x vs 10x, ignoring the farmed bao (ignoring because no clue what value it will have in 3 years, rather not count on it)

>>27618034
i bought in before the spike but only 300 dollars. too late to buy in more at this point?

>>27624558
yeah im extremely bullish on this project and I've almost farmed back the IL loss, but since I was a poor who threw 200$ on this seeing the red makes me cry since I've lost more money in IL than I've ever owned in my entire life

>>27625609

What's sick is this is being built from the ground up to work on the ETH Layer 2 solution xDai. This means that we can create synthetic assets using minimal fees. It could have a better value proposition than even SNX which is a 3500MM marketcap. That's the closest comprable on the market and that's a 30x from here

>>27619856
baoman is literally a genius he speaks 5 languages

i'm pretty smalltime. i put in about a grand in each of the bao pools and about 200 in the ubxt pool just because it had a fucking retarded apy at the time. what's locked is what i've harvested before the sushi pools came up after farming for probably 10 days. i've farmed about 4 mil since the sushi pools opened up. my IL is pretty big, but it's been covered by farming already and i have faith that this coin won't tank immediately after people start harvesting in december

>>27625252
Have you worked out the amount you will have harvested come the end of year 1?

bao has just been listed on an exchange FTX

>>27627364
btw i know it will be an estimate as the APY in the pools changes as people enter and exit

Locked BAO is nothing for me, as a year is an era for crypto. In a year it will probably rug or dump to the ground.

>>27616869
Can I just buy and hold until I see what happens in a month and start farming later?

>>27628316
You can but farming reward rates change over time, it is better to start early. Baoman himself has said there is no point buying to hold.

So has an audit been done on BAO? If not, why is it surging so much?

>>27628485
no audit. its a copy of sushiswap code. sushi is already committed to the project. do you trust sushiswap?

>>27628485
Unsure but he has partnered with sushi swap and word is he is tapping into some of their development resource. I would imagine they have looked at this and would not partner with someone they didn't trust.

>>27616869
Hope you retards enjoy your ponzi. This shit will collapse soon.

I love BAO. Also have a few million staked for this.

>>27628974
Go read the docs and try and understand them, meanwhile i'll screenshot this...

>>27624686
you can harvest and sell 5%, 95% are locked for a year, and will be distributed for 3 years.

>>27628479
so they get a year to do whatever they want with my liquidity and then i benefit after that?

>>27629191
Yeah, you get tokens from farming for this year.

>>27629191
Your liquidity isn't locked, you can pull out your LP tokens whenever you please. Only your profits from farming are locked until December.

>>27629311
thxfren
I know I'm late but I bought 1 ETH worth I'll do some reading tonight and see if I want to throw anymore at it and learn farming

9 days of farming APY average 1000%

>>27618446
no, fuck you. we tried so fucking hard to get you guys on board with us. you didn't listen.

>>27618641
are you saying you don't want to make money because others are going to make more money? you don't deserve to make money.

>been farming bao with $1000 of altcoin-Eth LP since January 3rd
>now have 15m bao locked

I really do hope I get 3 years of a nice passive income boost from this adorable little nigga