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/biz/ - Business & Finance


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28069681 No.28069681 [Reply] [Original]

who else here /comfy/ and accumulating during the recent dip?

>> No.28070327

Not accumulating but 700K BAO ETH staked, 800k farmed so far, want to keep farming till migration. Love this little magical onion

>> No.28070501
File: 37 KB, 766x477, image_2021-02-08_020246.png [View same] [iqdb] [saucenao] [google]
28070501

>>28069681
no one who's been holding is accumulating, they've priced themselves out. Hopefully we crab and gain steadier growth instead of wild speculation. Now farming APY is limping until the xDai pools.
p comfy though

>> No.28070682

Our bao balloons will slowly rise to .0075 this week.

>> No.28070836

>>28070682
Maybe a few months

>> No.28070867

>>28070836
the fuck?? are you on crack? look at the chart son

>> No.28070966

>>28069681
You guys do know bao isn’t partnered with sushi but rather working on their platform to make synthetics right? You also know bao is looking for a head dev atm because they don’t have the skills to make synthetics for sushi. You are also aware that bao wont be the only syn platform on sushi right? This is way over priced. Dev is an amateur and you cannot refute this.

>> No.28071237

If I have a target of $100 to cash out and I think the price will be 0.0067 am I correct in doing the following sum. $100/0.0067*20? Meaning with 300k farmed bao I get my $100?

>> No.28071397
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28071397

Is there a opposite to implement l impermanent loss? What if I stake at the top of the next cycle. Will I gain more BAO as the price drops again?

>> No.28071704

The funding on my Bao long is averaging 168$ a day so far, but it has infinite potential to rob my profits. If BAO averages less than 7% up a day it won't be worth the risk.

>> No.28071745
File: 54 KB, 704x482, image_2021-02-08_023447.png [View same] [iqdb] [saucenao] [google]
28071745

>>28070966
>not partnered
>co-drafted the sushi bao pools with 0xMaki

>> No.28071790

>>28071397
you buy and hold enough BAO to offset even a 100% less to a comfortable level. you can sell some of your LP to reach that stage too.

>> No.28071929

>>28070966
He's hired a guy and is currently interviewing 2-3 more people. He makes it very clear that this is his first major undertaking and if you buy you should know what you are getting in to. Having spoken to him he seems almost autistically driven to get this thing to work and is very active in the process. I wouldn't go all in, but it could be a potentially great long-term buy imo

>> No.28071986

>>28071790
what does that mean? That you should have at least the same amount of BAO you have in LP in a cold wallet? That way if IL is 100% you still have those other BAO + the farmed BAO?

>> No.28072202

>>28071986
No, not 100%(for me at least). you already run the risk of bao going to 0 and your LP being robbed of eth in a run to the bank(very unlikely scenario but not 0%) so I wouldn't risk 100% more. plus you get 5% from your yearly production that you can sell. I have 30% set aside and I feel good about that number.
it doesn't matter if you lose all your LP bao as long as the project is successful(which is why you would lose them, demand), since you have your farming rewards.

>> No.28072362

>>28071929
>>28070966
>He thinks Baoman is one person and not a team of individuals pushing code
>He doesn’t realize all the breadcrumbs that point to FTX being behind it all

NGMI

It’s all a ruse

>> No.28072521
File: 1.19 MB, 1032x847, 20201120_130811.png [View same] [iqdb] [saucenao] [google]
28072521

>>28071986
IL can never be 100%.
Not much benefit waiting til the cycle as IL is only loss compared to potential gain, your dollar amount staked is equivalent at any entry point because you must match it with ETH.

Once you have entered if BAO moons you will have less BAO and more ETH as people trade ETH for BAO, and as this occured per trade you will have less total value than if you had just held the BAO and ETH separately - but your total stack is still worth more than when you started.

Conversely, when BAO drops your are insulated as you buy it back for less and less ETH, and if it drops back to your entry price you will have the same BAO and ETH + the fees you earned from providing liquidity.

Everything above is just the opposite if the actions happen to the ETH side - this is just a basic part of how liquidity works in uniswap / sushiswap, and nothing to do with BAO.

You can stake any of the pairs in the menu to earn BAO currently during its distribution phase. Your BAO gains may "offset" the potential gains loss that you had while providing liquidity (given that you did, indeed, hold and make 0 actions) but it is not a mechanism intended to offset this in the long term, and as rewards drop in the coming halvenings it will be less realistic to expect these gains to offset all potential IL movements.

>> No.28073500

>>28072202
>it doesn't matter if you lose all your LP bao as long as the project is successful
Explain this to a retard please, I have staked and I thought I get my original stake back after I'm done farming (boa plus ETH). Is there a chance I lose the stake and bao tanks?

>> No.28073914

I think BAO is going to earn me enough for a ETH2 stake.

>> No.28074290

Me. Binance rumors ..

>> No.28075901

>>28072362
this
there's a lot of stuff happening in the background that nobody here knows about
if you already have a stack you need to hold it

>> No.28076081

>>28072362
FTX?? These fuckers shorted BAO into the ground, they hate BAO

>> No.28076417
File: 320 KB, 644x1400, baomen.png [View same] [iqdb] [saucenao] [google]
28076417

>>28072362

>> No.28077068
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28077068

>>28069681
/comfy/