/biz/ - Business & Finance

>BAO bros I dont feel so good
LOL

>>28144510
>trust me this shit is the next BAO
>best log chart in crypto
We are the new LINK, arent we baoros?

>>28143959
Someone put some BAO on her buns please

>>28145453
kys pedophile

>>28145515

>>28143959
APY dwindling, I think I'll be lucky to see 20M by december

>>28143959
the next 2 months are going to be spicy for baobros. xdai in a few weeks away then bao basket a few more weeks later.

>>28146707
Yep I'm not going anywhere because this seems like a changing market because ETH gas fees.

Whats your guys thought on STAKE?

>>28143959
just gonna let you all know, OP pic is fresh off reddit homepage

>>28147326
Oh great they are gonna GME my BAO.

>>28146276
I just crossed 21M brother.

>>28147057
i used to hold but the token is kinda useless. I like the chain a lot but i dont like the token as much. the token could still have a nice run if the chain is adopted en masse in the coming months.

>>28144774
indeed. feels good.

>>28147057
xDai ironically gets rid of this. It's also available on certain CEX's as well

>>28146276
do you have locked bao because you've harvested?

I have about 200K earned but my "locked bao" is stuck at 0.

>>28148718
95% of your earned moves to locked upon harvest.

binance soon
the discord trannies are trying to rush mr baoman into delivering ahead of schedule on the planned xdai migration of "early march". forum users btfo this idea. lots of staking ahead, read the wp.

xdai is just waiting for mass adaption. honeyswap fees are .07-.1 and HNY the protocol token is ~$500

>>28148718
harvesting or unstaking locks 95% of your pending bao

>>28150347

Do you pay gas if you unstake? I have a bit ready to harvest but don't like the look of the $100+ gas fee

>>28150818
harvesting and unstaking costs gas, there's also early withdrawal penalties for your LP

I wouldn't harvest if it wasn't worth or if you intended to unstake anyway for xDai migration

from the About page:

The standard withdrawal fees range from:
0.1% - 0.75%
They are:
0.5% after 5 days but before 2 weeks.
0.25% after 2 weeks but before 4 weeks.
0.1% after 4 weeks.
Standard withdrawal fees are applied when a user stays in the yield farming for >5 days
Penalty Fees:
The following penalty fees apply:
1% fee if a user withdraws under 5 days
2% fee if a user withdraws under 3 days.
4% fee if a user withdraws under 1 day.
8% fee if a user withdraws under 1 hour.
25% slashing fee if user withdraws in the same block. (This is to prevent abuse from flash loans)
The penalty fees are designed to be reasonable for users who want to temporarily yield farm, but penalize users who move out of the system rapidly.

>>28144510
im literally up 40000%+
bought when u could get a 40m for a 100 dollars
tfw u missed sushi but got in on bao

>>28151237

Thanks - So what is the optimal strategy?

I have about 1000 uniswap LP tokens staked for farming which so far has generated about 2m Bao in about 10 days. I'm happy to leave it until the end of the month (or longer really?)

Everyone is saying to harvest at the end of February before the xdai transition which is fine (will probs be about 3m by then hopefully). But what then? Do I just unstake, get my staked lp back and then sell off my uniswap tokens to reclaim my Bao and then...just sit on the Bao until it moons?

>>28151778
You either make it to the moon or you go up in smoke with the ship.

>>28151778
you can also just keep farming after the migration.

>>28152587
Just leaving it in the same pool etc? Basically just do nothing and leave this going for months and months (would be happy to do this)

>>28152736
the new xDai pools will have higher rewards than the old pools. your rewards will be diminished in your current pool so you're encouraged to move to the new ones

>>28153216
Is there a guide to moving? I want to do it right because if you get this shit wrong it could end up costing hundreds/thousands in the long run.

>>28153681
at the end of this month unstake