/biz/ - Business & Finance

vdai is at 21.91% APY now. bullish

>>29795384
wow, less than Curve. amazing returns guys, keep it up

>>29794902
so the APY reward is in VSP? so its a farm token, wont this just cause constant sell pressure

I was going to add some more to my stack but I decided with XMR. Still in the vVSP and in GYSR stake.

feel bad for anyone holding this shitcoin kek

I dont get how a coin can make 500% in a year in apy, how does that work? does that mean you get 5x what you put in in terms of vsp?

>>29795484
curves for fags

>>29795658
95% of profits are distributed back to holders from buy backs

>>29795808
thanks for raping the price with geyser, sweet entry point. Won't last long when the events over

>>29795855
I feel bad for that salty retard who keeps posting the same shit in every thread

>>29796170
https://docs.vesper.finance/

if you guys need more spoon-feeding come read this

https://medium.com/vesperfinance/understanding-vvsp-the-vsp-pool-39bd0cbf249f

>>29796301
>>29796170
why is the APY for staking VSP so high?
this doesn't seem sustainable to me

>>29796233
holders as in stakers?

>>29796638
Yes. Targeting hodlers/stakers

>>29796745
so just holding the token gives me rewards, or do i have to be staked?

>>29796301
what thats amazing? why wouldnt everyone just all in? Its locked

>Let's see the people behind VESPER:
https://vesper.finance/about/

>Same team and advisors behind failed Metronome currency:
https://metronome.io/about/

>Same team and advisors behind failed Spacechain vaporware:
https://spacechain.com/

>Same team and advisors behing failed SCAMMY BTC FORK Unitedbitcoin:
http://www.ub.com/

>Oh wait they don't even associate themselves with this one anymore, I wonder why:
https://news.bitcoin.com/united-bitcoin-may-be-the-most-controversial-fork-to-date/

>Centralized ghost chain scam:
"One Out of Only Two Miners Controls 70% of the Network’s Hashrate"

>They asked FULL KYC in order to be elligible to their scammy airdop:
"The most controversial part of the project is the opt-in airdrop feature which basically means a bitcoin holder must give up some form of identification to obtain UBTC. In order to even get started with UBTC, a user must supply a valid email address and a mobile phone number."

>They wanted to steal Satoshi's coins and other inactive wallets to enrich themselves:
"Another contentious issue with UBTC is the Foundation’s claiming of “unused addresses” which means after a period of time inactive addresses will be used for future development."

>b-but jeff is an OG bitcoin dev, he must be a bilionnaire, why would he risk his reputation with scams?!
he only held 348 btc back in 2014, hes no bilionnaire: https://twitter.com/jgarzik/status/480454809791635456

Jeff's reputation in the OG BTC circle isn't what Vesper shills are trying to make it look like, hes seen as the failed S2X dev who tried to hijack BTC and who later launched 2 competing currencies (UB and MET) that failed miserably.
https://news.bitcoin.com/after-segwit2x-failed-jeff-garzik-reveals-united-bitcoin/

>>29797031
Conviniently they always launch projects during the bull market.... With VESPER, they allocated themselves 35% of the total supply and they arnt't even locked for one full year, 1/12th is unlocked (and dumped) every month! It certainly doesnt look like they are in for the long term.

Oh I almost forgot, Jeff's best mate Mattew Roszak is a convincted insider trader: https://www.sec.gov/litigation/litreleases/2006/lr19722.htm

>>29797098
>>29797031

>>29797098
>>29797031
Even 'IF' the platform survives and VESPER isn't a straight up cash grab scheme(which it most likely is), 1000% inflation during the 1st year will kill the price of the token and the momentum of the project.

When APY rewards taper off most of that TVL will leave and chase the next high yield farm.

So expect TVL to decrease when rewards dry out, combined with 1000% inflation, what can go wrong?

>>29797169

>>29796879
Stake it on the app to get the rewards/buy back profits. It has only been out for 9 days so you're still early.

>>29796907
People are afraid of the price drop that occurred from $50 to $20. But that's normal for newly released projects.

>>29797031
>>29797169
Weak fud. Fully diluted token supply on par with YFI would equate to a conservative $1000 per token.

Already 90+ new holders in a day during a price correction. Bullish

the owner being a bum who missed out of BTC riches only to churn out scam tokens every bullrun on his namesake FUD has me shook but still I hold

>>29797339
>Weak fud. Fully diluted token supply on par with YFI would equate to a conservative $1000 per token.
YFI fully dilluted mcap 1.15M
VSP fully dilluted mcap 0.21M
1.15/0.22 * 22$ = 87$.
You are retarded.

>>29797786
I meant billions not millions, obviously

>>29797786
>>29797846
>millions

At YFI's TVL ratio VSP will be $1000 at least per token autismo. This does not account for it's superior tokenomics and utility.

>>29797339
>Weak fud
then why did you completely ignore what he said about the tea?

>>29797983
you mean 87$ not 1000$. 1000$ would mean $10Bn mcap while YFI's fully dilluted mcap is $1.2Bn

>>29798126
>>29797786
My appologies, 1.15b/0.22b * 22$ = 115$, not 87$

>>29798126
don't bother anon, this pajeet will respond with total brainlet arguments just so the thread get bumped. don't get baited

>>29797169
should I make money off retards like them? do i just need to learn how to code java to make a crypto scam coin?

its not illegal right?

>>29795164
Shit meme

>>29798126
>not account for massive pump all defi projects will get when btc breaks over 100k

good one

>>29798098
>>29798264
>>29798361
Only a week old and already this much pajeet fuding. Bullish

>>29798361
>>29795164
forced memes are so cringe. look at this lmao: https://www.youtube.com/watch?v=ureCcfUcs6U

>>29797610
Agreed. I'm glad I was an early buyer and staked early so I'm still in the green, though, but price action is gonna pick up soon.

>>29794902
maybe we shouldn't tell them OP
I'm enjoying these massive returns since so few are staking their VSP right now

>>29795658
the return is from VSP market bought using protocol profits

>>29798484
>it only took them one week to see through vsp's lies and deception.
it what world is this bullish?

>>29798595
>>29798615
Alright I tried spoonfeeding these retards. They'll fomo in when it's too late like always.

>>29796530
>why is the APY for staking VSP so high?
>>29796907

who knew that not all shitcoins are worthless
few of them even produce revenue and even fewer actually distribute this revenue to tokenholders

>>29798659
Kek if any of your autistic fud was even remotely sound there wouldn't be any backers funding this project, let alone constant growth. Go see a doctor for that gaped anus anon.

>>29797031
>Same team and advisors behing failed SCAMMY BTC FORK Unitedbitcoin:
fucking newfag
there is nothing wrong with this, many OG bitcoin supporters (including myself) actually think blockstream are faggots and would have liked to see bitcoin be developed in line with its original purpose, p2p cash

>https://news.bitcoin.com/united-bitcoin-may-be-the-most-controversial-fork-to-date/
wow, an article by Roger Ver and his competing fork trashing the competitor, how surprising

>>29797098
been in development since 2019 way before the bullmarket

>>29797169
>1000% inflation
complete lie, it is nowhere near 1000%

why are you fudding so hard faggot
first you post pictures of shit in every thread and now you copy paste the same weak fud in every thread
what are you trying to achieve really?

>>29798781
how is it not sound? you cant refute any of it and you appeal to "backers", as if these guys are not in on the scam. Its always the same group of guys. their tokens arent even locked long term, their plan has been to dump all along.

>>29799082
read >>29799070

>>29797786
>>29797846
>>29798243
what a surprise, a fucking retard that can't even write or do basic math

>>29799070
Toilet Tranny? He's evolved into this? KEK what a fucking fag.

Is 30 tokens worth staking? Kind of feel like all this free APY for stakers is diluting the value for small stack holders.

>>29799169
it can't be anyone else than that german piece of shit
he got banned for posting his morning shits so now he is copy pasting the same fud in telegram, discord, biz etc

>>29799070
>wow, an article by Roger Ver and his competing fork trashing the competitor, how surprising
so you agree with 2 block validators and the "foundation" taking a majority of the supply by stealing "unused addresses" coins? Talk about UB not the guy who wrote the article.

>been in development since 2019 way before the bullmarket
give proof. The twitter was created in aug. 2020, a few weeks after YFI launch. (because its a YFI copycat)

>complete lie, it is nowhere near 1000%
Current supply: 1,433,237
Total supply: 10,000,000
10,000,000 / 1,433,237 = 700%

>>29794902
if I stake vesper on their ewebsite/ app are they locked or can i withdraw them at any time?

>>29799138
He said 1000$ and I said 87$. The good number is 115$. I'd say I was much close to the truth despite my calculator mistake.

>>29798584
Holy shit glad I sold this shitcoin at 30$

>>29799178
APY is really sexy right now I'd do it.

>>29799458
24 hour to prevent front running. You can read more about it here https://medium.com/vesperfinance/understanding-vvsp-the-vsp-pool-39bd0cbf249f

>>29799459
>toilet tranny math

>>29797169
Take a picture of any handful of alts from early '18 to early '21 and they probably look like this.

>>29794902

Its so easy being a BTC/ETH whale. The protocol is run by competent people little chance of smart contract risk or rug pulls. Imagine having 10MM worth of either. 4MM in interest let alone the appreciation of the token as well. Sure even if the price of VSP bleed in half in that time you'll still make probably 2.5MM

>>29799674
you are right.... confido, bitconnect, unitedbitcoin, bitcoin private, 0xbtc, etc. all a bunch of scams

>>29799967
>Its so easy being a BTC/ETH whale.
>it's so easy being rich
you think so anon?

>>29800101

Obviously I meant in comparison to being a whale of anything else. There aren't nearly as many opportunities for safe yet high yield for other assets like there are for ETH/BTC.

>>29798584

>>29799360
>so you agree with 2 block validators and the "foundation" taking a majority of the supply by stealing "unused addresses" coins? Talk about UB not the guy who wrote the article.
I don't agree with the following
1) mandatory KYC for claiming coins
2) using "unused addresses" coins, but I am 99% sure this had to do with the KYC/legal aspect
the 2 block validators/miners is only because nobody actually adopted / started mining on this fork, I hope you realize that...

>give proof. The twitter was created in aug. 2020, a few weeks after YFI launch. (because its a YFI copycat)
from May 2019 faggot
https://www.youtube.com/watch?v=fBVZNLy8xmg
the scope of the project has changed a bit since then, I will admit that

>>29799360
>10,000,000 / 1,433,237 = 700%
the supply in 1 year will not be 10M, it will be between 7-8M
also as soon as the governance is moved to tokenholders we could try to implement a burning mechanism

>>29799459
How about you answer this question truthfully:
>Why do you continue spending all of your time fudding a token that you supposedly have no interest in?

>>29797098
>Conviniently they always launch projects during the bull market
let's be honest, in may 2019 nobody could have guessed we would have a bullmarket of this size, and in reality the only reason it happened is because of corona and the resulting conditions on the financial markets

>>29800255
>https://www.youtube.com/watch?v=fBVZNLy8xmg
thanks for the link. Indeed it had nothing to do with the current project launched in aug. 2020. They recycled the name and said it was in dev since 2019 lmao.

>>Why do you continue spending all of your time fudding a token that you supposedly have no interest in?
I did my research on vesper and now im spreading my findings, and I have a lot a fun doing this. All this information is out there on the internet, im just condensing it and sharing it to help clueless anons

>>29800668
You're doing god's work anon don't let the shills get you down.

>>29799992
0xbitcoin is not a scam
it's the most self-evident and provable non-scam i know of

>>29800668
>Indeed it had nothing to do with the current project launched in aug. 2020. They recycled the name and said it was in dev since 2019 lmao.
not really true, the main purpose was to take something complex and making it easy and safe for the end-user. They did this for earning yield on your crypto. He just used the utility token in that video to provide an example

>I did my research on vesper and now im spreading my findings, and I have a lot a fun doing this. All this information is out there on the internet, im just condensing it and sharing it to help clueless anons
I don't believe you anon. Nobody does this "just for fun" or "to help anons" with the intensity and persistence that you do.

A lot of hate for Vesper on this board, more than I've seen in other threads? There's like 1, maybe 2, Vesper threads created daily. When they get created they get absolutely shit on. Why?

>>29801437
that is exactly my question
there should not be any reason to be negative about Vesper

>>29801102
>I don't believe you anon. Nobody does this "just for fun" or "to help anons" with the intensity and persistence that you do.
I created the thread earlier today and now I came in this thread. I dont know what persistence and intensity your talking about because I started posting about this project today after concluding my research.

>When they get created they get absolutely shit on. Why?
its called discussing about the project. there are positives and negatives(that arent talked about enough). You only like threads where holders suck each others cocks?

>there should not be any reason to be negative about Vesper
are you really this retarded? Did you even read anything that I posted? what an utter brainlet you are my friend.

>>29801437
Only because legit greedy retards jumped in at $50 on launch day and it corrected down to $20. Bunch of gaped anuses who can't wait for a stable recovery let alone understand the project by reading the documentation.

>>29802502
>look at my google searches guys I call it research!
>so called fud so readily available yet big investors continue to back vesper

Toilet tranny you're beyond desperate at this point. It's quite cringe.

How does this shit work in terms of stable coins? If the APY is say 50% on UCDC for VSP returns. And I put $10k of UCDC in there. I get 5k worth of VSP?

>>29801437
At first it was there was just the literal shit-posting schizo that was assblasted about getting banned from a chat. I don’t think this new fudder is the same guy, the shit poster was either a literal child or literal retard, maybe both. This guy at least strings coherent sentences together.
None the less he’s had anons debating in good faith with him all day, but all he can keep doing is reeeeing about UBTC, which was a questionable project and was rejected by the market on account of such. Whenever someone challenges any of his points regarding Vesper, he either responds with pure presumptive conjecture, or ignores the post. After anons get tired of repeating themselves and start criticizing the guy himself, he starts repeatedly claiming that none of his points have been refuted, and that all anyone can respond with are ad hominem attacks.
He doesn’t like the project or trust the devs, fine. Did he get burned in a gysr or buy the top, maybe, maybe not. But he shouldn’t be surprised when “shills” criticize his contentious and in my opinion baseless assertions in a open forum (with many lurkers) on which many have taken a significant financial risk in the project.

I parked 10k USDC there but this is a typical case of use the platform & don't buy the governance coin

>>29802998
yes, literally what I did

>>29802998
yes


Already starting to touch 1000 holders. Toilet tranny how come your google searches aren't doing shit?

What's BQX?

>>29802502
>are you really this retarded? Did you even read anything that I posted? what an utter brainlet you are my friend.
I have been responding to everything you posted retard

>I created the thread earlier today and now I came in this thread. I dont know what persistence and intensity your talking about because I started posting about this project today after concluding my research.
and I will see you in every thread that is posted on biz after this, wont I?
not to mention all the disgusting toilet pictures you posted earlier in every single thread
there are only a few possible explanations for your strange behaviour
>you hate Garzik for personal reasons (blockstream faggot)
>you bought the literal top
>you are a whale scared of IL while staking
>you want to buy in but hope to get it even cheaper
>you are a complete schizo

>>29803157
it is also a revenue share coin anon

>>29803129
Refute 35% token allocation to insiders
Refute very short lockup period of insiders tokenss
Refute crazy high inflation rate in year 1
Refute that the current TVL comes from whale yield chasers that will leave the platform when rewards dry off after 90 days

>>29803520
>Same autistic rambling
>Refuses to read the thread
>All retarded fud already answered for
>Still asks them again

>>29803520
>Refute 35% token allocation to insiders
no worse than any of the other projects
directly from the team:

"35% incorporates several different groups, including strategic partners who purchased VSP (that information is laid out a medium post on the strategic partners and also referenced throughout our materials and community calls). There was also some small amount sent out to community bounties and CM. Actual amount retained by team is around 22-23%. This is the exact same allocation that Aave and Yearn team gave themselves recently and seems in-line with other projects of our caliber. We also took a lot of inspiration from other competitors with similar functionality to Vesper, such as Idle and APY Finance. Our 65%/35% breakdown of community/internal is more favorable towards the community than both of these alternatives (idle is 60/40 and APY is skewed much higher towards the team)"

>Refute very short lockup period of insiders tokens
being actively discussed in the discord now, it could be longer yes.

>Refute crazy high inflation rate in year 1
not as high as you claim, and can be reduced significantly by staking in vVSP

>Refute that the current TVL comes from whale yield chasers that will leave the platform when rewards dry off after 90 days
so you say it is crazy high inflation rate but then you claim rewards dry off after 90 days, which one is it faggot?
the TVL will be much higher by then thanks to multiple new pools with higher yields

>>29803301
>>29803407
Thanks anons. I might just put my eth in there. Mostly because I don't want to try swinging it anymore into different low cap coins. I'll put like 3 eth in and have that same amount in the governance token and let it ride.

>>29803443
what do I have in common with the toilet poster? you think theres only 1 person in the world that doesnt like your precious coin?

>you hate Garzik for personal reasons (blockstream faggot)
Shills only talk about him being a bitcoin OG, I complete the information with more recent stuff about him. Hes not perfect and him launching a project doesnt mean garanteed sucess, quite the opposite if you examine his recent track record. Im not saying he was a bad btc dev back in the day, but he certainly has failed multiple times since.

>you bought the literal top
Nope.
>you are a whale scared of IL while staking
Nope.
>you want to buy in but hope to get it even cheaper
Kek.
>you are a complete schizo
Maybe a little autistic, not schizo.

>>29803913
I would recommend you do
what I did recently is, I initiated a carry trade on ETH, and then I put some of the bought ETH in vETH pool so now I am earning up to 60% APY on what is almost a risk-free trade

>>29803898
>so you say it is crazy high inflation rate but then you claim rewards dry off after 90 days, which one is it faggot?
Its both you absolute cuck, they are not mutually exclusive. Extremely high inflation early due to high rewards, then TVL ghosts the platform because they only came in the first place to farm that high yield. None of these guys are in for the product, only for yield. They will continue to dump their rewards because thats what these guys do.

>>29803979
>what do I have in common with the toilet poster? you think theres only 1 person in the world that doesnt like your precious coin?
only that you both post in every vesper thread and no matter what people reply you keep repeating yourself
as soon as he disappeared, you appeared

>Shills only talk about him being a bitcoin OG, I complete the information with more recent stuff about him. Hes not perfect and him launching a project doesnt mean garanteed sucess, quite the opposite if you examine his recent track record. Im not saying he was a bad btc dev back in the day, but he certainly has failed multiple times since.
I agree with you here, but if you look at the team & the strategic partners together with the quality of the product, Vesper has a very high chance of success compared to most other DeFi projects.

>Maybe a little autistic, not schizo.
so why spend so much time on this fudding then, I don't get it? What do you hope to achieve here. You seem like you don't want to invest so your opportunity cost is massive when you are wasting your time in Vesper threads instead of finding other projects you like

>>29804288
so why did so many stay in Yearn then retard
come back "in 90 days" and then you can start fudding about muh TVL leaving IF it actually happens
for now you are just full of shit and I am not going to waste anymore time on a brainlet like you

>>29797031
>>29797098
>>29797169
>>29797786
>>29797846
>>29798126
>>29798243
>>29798584
>>29798659
>>29799082
>>29799360
>>29799459
>>29799992
>>29800668
>>29802502
>>29803520
>>29803979
>>29804288

keep in mind
this guy said he doesn't have enough $ for gas fees on the last thread

*KEEP THIS IN MIND WHEN COMMUNICATING WITH HIM*

>>29803913
No problem. Eth pools are safe. We're at still early as vesper has only been out for a week. Not on coinbase yet or any other major exchange.

>>29804454
How is the discord? I might join it as it seems much more reasonable to hold discussions on there then on biz where some toilet tranny keeps repeating himself in every thread.

>>29804454
so why spend so much time on this fudding then, I don't get it? What do you hope to achieve here. You seem like you don't want to invest so your opportunity cost is massive when you are wasting your time in Vesper threads instead of finding other projects you like
I wanted to put the information out there for others to pick up, spread and discuss further. I agree that if I keep doing what I did today it will be a waste of time so I will probably stop after today. I did something similar with Everest after doing some research on it and discovering how scammy it was. Its kind of fun seeing the meltdowns and attacks when you point out obvious weaknesses in projects.

>>29804526
>so why did so many stay in Yearn then retard
https://defipulse.com/yearn.finance
dont forget to zoom out

>>29804454
>so why spend so much time on this fudding then, I don't get it? What do you hope to achieve here. You seem like you don't want to invest so your opportunity cost is massive when you are wasting your time in Vesper threads instead of finding other projects you like
I wanted to put the information out there for others to pick up, spread and discuss further. I agree that if I keep doing what I did today it will be a waste of time so I will probably stop after today. I did something similar with Everest after doing some research on it and discovering how scammy it was. Its kind of fun seeing the meltdowns and attacks when you point out obvious weaknesses in projects.

>>29804608
>*KEEP THIS IN MIND WHEN COMMUNICATING WITH HIM*
fucking kek
what a waste of my time even replying to such a poorfag

>>29804660
>How is the discord? I might join it as it seems much more reasonable to hold discussions on there then on biz where some toilet tranny keeps repeating himself in every thread.
the discord has much higher quality discussion than anywhere else and Garzik & the rest of the team are actively participating

>>29804937
>I wanted to put the information out there for others to pick up, spread and discuss further. I agree that if I keep doing what I did today it will be a waste of time so I will probably stop after today. I did something similar with Everest after doing some research on it and discovering how scammy it was. Its kind of fun seeing the meltdowns and attacks when you point out obvious weaknesses in projects.
lmao, I know I said I wouldn't reply to you anymore but there is still one thing I have to ask you
please tell me 1 crypto project that you think is good
actually tell me your entire crypto portfolio

>>29804608
on vesper you need to unstake and restake to claim gysr multiple. To stay competitive you need to do it at least 3 times a day. At current gas price thats 50$ * 2 * 3 = 300$ per day in GAS. Then you need at least 300 gysr which is another 300$. So thats 600$ per day in fees no matter how much you staked. You need to have a pretty big stack to make it worth it with such fees.

>>29805132
**On gysr, not vesper

>>29804815
>>29804937
Are you literally autistic? That huge spike was DEFI MANIA of last summer. The line is back to the normal trend. Overall it has grown since it's initial launch. Kek what a brainlet.

Anon when are rewards given for holding vVSP? And what is to stop me from staking 30k ffs, seems absolutely insane.

>>29805294
Do you have half a million dollars to buy 30k worth of VSP?

>>29805361
nah I mean 30k USD lol.

>>29805404
That's only 1,300 tokens on a 10 mil supply. And the return on a week old farm is going to be insane.

>>29805269
YFI peaked at over $1bn TVL and returned to 400M. VSP peaked at 330M$, and will return to less than 100M in the coming weeks when rewards dry out

>>29803520
See >>29803898
>Dev share is within industry
I might add that I’d rather it with them then circulating anyway.
>Dev lockup is being discussed and not a taboo topic
Though I frankly don’t understand why people are nitpicking over 12 vs 16 vs 24 months. I doubt the multimillionaires intend to crash their own project with sell pressure.
>Inflation
It’s just not as bad as you think, at full dilution the token can be worth hundreds of dollars without an outlandish market cap. Had they launched with only 1 millions tokens minted, and all in circulation, you’d have been buying them off uniswap at $300 a piece, not $30.
>tvl will taper down
This is the least compelling critique, though the most important. The notion that equity will abandon the platform after the VSP rewards cease is nothing but baseless speculation. There’s no reason for an exodus from Vesper anymore then there’s a reason for an exodus from any of the other yield farming platforms. In addition, the “insane” inflation is currently derived mostly from whales with millions in the gysr pools. These pools have no relation to the total value locked in Vesper. I will repeat that - any equity currently chasing the 1000% gysr APY has no influenced on the current advertised tvl. When rewards dry up and they pull their liquidity for ‘the next best thing’, there will be exactly zero direct impacts on the tvl. Unless they decide to deposit some of their yield profits, in which case it will go up.

>>29805506
VSP hasn't even peaked yet. Quit pulling shit out of your gaped ass for a 1 week old project.

>>29805506
But the market cap for VSP is only 32 mil.

>>29805555
yeah keep in mind the market tanked and that will also pull down TVL measured in USD

>>29806031
True we're still riding out a big market wide dip. Now really is the best time to get in

Toilet tranny offed himself. Keep DCAing and hodling vesper bros.