/biz/ - Business & Finance

Gas fee are currently killing every potential for anything to go up. Who trades in these conditions...

>>27828276
where to buy this coin

>>27828405
can buy on uniswap

>>27828389
How does this even work why are they so high? Bought a shake yesterday at 8k for ridiculous 75$ gas, but im over 5k up so it's was worth it

>>27828556
>>27828405
thank you for doing the sneedful

forgot to mention:
>hyped by linusontech and CURVE FINANCE on twitter, exposure to hundreds of thousands of people
>MILK2+SHAKE mcap is still floating around 10k

>>27828276
milky

>>27828729
woops i meant 10M not 10k

>>27828656
>75$ gas
son gas is $100 rn

>>27828276
You forgot that the dev is a parachain embassador and that there is going to be a cross-chain dex down the road via Polkadot. Anyone who missed Rubric is still early on this.

>>27828923
The fees dont seem to stop the unyelding dump of shake today

>>27829883
dont buy MILK TOKEN, the milk token is a dump token.

Shake Holders recieve thousands of milk tokens as airdrop every few days by just holdling milk token. Thats why shake token is keep going up like crazy and milk token is dumping daily.

Look at all big transactions Whales are buying Shake tokens to recieve free milk tokens to dump.

There is no supply cap on either milk or shake so be careful

>>27830098
Ehh At least today shake isn't doing much.

>>27830098
*** SORRY HAD A TYPE

Shake holders receive thousands of Milk Tokens every few days by just holding Shake Token. thats why milk is dumping and shake is going up.

no supply cap on either so unlimited supply

>>27830225
DONT FORGOT A WEEK AGO MILK TOKEN WAS WORTH 30 CENTS SO BUY BACK IN AFTER BIG DUMP

>>27830247
the max supply of shake is 10K you lying fucking faggot
you ought to be lined up against a wall and shot

>>27830098
>every few days

the MILK2 transfers after 100k blocks so around 17 days right? Shake holder here, anyone know how much milk we'll actually receive for each airdrop?

>>27831322
yes, and i think its around 200 per whole shake you earn, ignoring any multiplier for holdng multiple

Is there any documentation about this stuff? I don't see how DeFi can work without smart contracts. Their promises of doing everything other DeFi projects do but FREE!!! are a bit much.

>>27832190
how about you try reading the documentation on their website you mongoloid
spaceswap.app

>>27832083

so is this incorrect?

>>27830850
>Shake holders receive a MILK2 drop every 100,000 blocks, which is about every 2 weeks.

There are 6.9 MILK2 tokens per blocks which equals 690,000 MILK2 per 100,000 blocks.

Divide this among the 569 SHAKEs in supply, and you’re looking at 1212 MILK2 dropped to every SHAKE holder.

At a current price of $3.45, each SHAKE holder would receive about $4000 worth of MILK2 every 2 weeks.

>>27828276
favourite pic for these threads
>>27828729
>>27828864
And you meant Ivanontech kek


Coming soon:
Spacelend
Spacecrew (DEX) (Fees go to shake holders)
Synth Shadow (tokenized shadow assets)

>>27829548
Cross chain dex? Citation needed.
KSM parachain will happen at some point but for now ETH network has no bridge to KSM/DOT I believe.
They may find another way of doing it the devs are competent.

Pic related,
What could it be?

>>27832548
569 is the total supply atm
But only 180 shakes qualify for the reward atm as the other 400 Shakes are fractioned SHAKES.

>>27828276
>holding SHAKE yields MILK2 with zero fees

by just having SHAKE in your wallet? or do you have to put it in a LP?

>>27832840
by just holding it in your wallet and connecting it to their website once

>>27831032
no supply cap on either tokens scam

>>27830098
It’s every 100k blocks and 6.9 Milk per block distributed amongst shake holders. Weighted in favor of those holding more Shake.

Shake has a limited supply, Milk does not but will be burned through various features in their upcoming ecosystem.

Get your facts straight you mong.

>>27832840
Just hold it. In fact, if you stake it when the snapshot happens you could miss it

>>27832925
your desperate attempts at fudding to get shake back down to four figures will never work you pitiful fucking pajeet
neck yourself

>>27832903
so no transaction necessary? just connecting wallet?
let's say i buy 1 SHAKE, when would i get those milkies?

>>27833177
Every 100k blocks, approx 2 weeks

>>27833177
An initial tx for providing the liquidity is necessary, once you have the LP tokens only need to press "start farming" on the bottom of the dAPP

My god I’m SO COMFY

>>27832249
I've read it, it's no more than hollow advertising material/instructions on how to use the app. I want to know how "shadow" DeFi works so I can trust it.

>>27833758
>hold 1 or more shake token in wallet
>connect wallet to spaceswap website
>disconnect
>wait 100,000 ETH blocks
>receive airdrop of milk tokens
its not that fuckin complicated poindexter

>>27832593
Citation is in the image. Look on the main site, scroll down and read the upcoming sections. Dev is confirmed to has a parachain slot, it's inevitable.

>>27833758
It just reads your wallet for the tokens and pretty much airdrops MILK2 into the contract with your address written on it.

>>27835069
HOLY FUCK

>>27833758
Shadow and yield rewwards are not the same.
The two income streams are:
1 LP on the pools, keep LP tokens in wallet and press farm oin their site
2 Hold 1+ shake for yfi rewards (yielfarming)

>>27835572
More income streams will come, basically EVERYTHING the platform does will benefit shake holders.

MILK2 is a DAO token, it's used for voting and in the pools for LP'ing.

I bought the boo NFT today for like 700€

How fucked am I anons?

>>27835333
Okay, that makes sense.

>>27835572
>>27835965
What value do SHAKE holders provide to the platform?

>>27836680
Let me explain
Milk provides value to the platform
The platform provides value to shake
Shake gets milk
Perpetual cycle.
You dont need a token that provides value you need a token that GETS value by not inflating and having buying pressure by creeating passive income streams tied to the platforms activity, got it?

Why is spaceswap guy shilling NFT's?

>>27837104
>>27836680
The more people use the platforms, the more value will shake have in the end.
And since Shake is really hardcore limited in supply unless someone burns 10k MILK per shake, it can only go up hardcore.

>>27836672
NFTs are generally not an investment. If someone shills you NFT's it's like someone is shilling you their merch and you expect to make money off of it

>>27837251
read up on what their nfts do mate.
They get you extra farm rewards, like an item in an RPG.

>>27837367
I don't farm this shit. I'll just hold it until growth from hype stops (binance chain, didn't even start yet) and then I'll drop out. I'm not fucking with their nft's

>>27837251
NFTs apply a multiplier to your farmed stack. They're part of the overall ecosystem and their limited supply means they'll be sought after when people are priced out of SHAKE and need to farm MILK hardcore.

>>27837104
>>27837190
So SHAKE is just a carrot on a stick to entice people to participate? I'm not sure what to make of that.

>>27838705
You can stake it as well, but other than that yeah

Bros it was supposed to go to 100k why does this always happen

>>27839050
gas fees are raping the whole alt market. next eth dip we’ll soar

I own 4 SHAKE
Is it better to just hold them and collect milks every 100k blocks or should I go farming?

What happens when another app decides to implement shadow farming? Obviously, there's no way for a pool to be shadow staked on two different apps (ordinary staking doesn't have this problem). Is pool exclusivity a good thing?

>>27838705
Yeah but also no, SHAKE is the value token, how will you store your value in milk when milk gets minted every block? You go into shake. It's a yfi token man.
And they mentioned that their DEX is going to send the fees to SHAKE holders.
I guess spaceLend and synth Shadows also will have some form of yield mechanism tied to shake to further benefit shake holders.