/biz/ - Business & Finance

>>30144518
It's ridiculous how many people can't see how undervalued VSP is.

>>30144614
this rate is almost as good as geyser's and you don't have to unstake and restake to compete for rewards

How much ETH does it cost to stake right now? Would staking 30 VSP be worth it?

>>30144518
Has been like this for a week straight. Pretty cozy if you ask me.

>>30146384
You'd probably need to stake for a couple months at high APY just to break even, depending on future price. I would say not worth it.

>>30146856
i staked 115 a week ago for $22 in gas, have made 3 VSP so far

>>30144518
the ultimate chad coin

>>30144518
WAGMI boys, this is the early adopter apy. once normies jump ship it'll be too late

>>30149503
normies are coomin

>>30146856
No, it costs $5 to approve and $20 to stake, even stacklets can be profitable.

I only have 300, sucks

>>30144518
>>30144614
The less people know about it, the better my apy
already got almost 100 vsp from that pool alone

what is the make it stack?

>>30149695
It is like yearn but 100x better and associated with professional developers instead of a professional rugpuller

>>30151397
3,000

hurr muh vesper yield so good I love getting useless tokens for staking my useless tokens!

>>30151854
kek go shill your anonymous pajeet coin somewhere faggot.

>>30151572
fuck. this is impossible for me. can we fud it to 10$ please.

Given the TVL and APY displayed on the app, the daily fees generated from yield(revenues=15% of yield) are 2877$.
Given the $25M vVSP TVL and the 323% APY, it means daily revenues distributed are $221,000.
If revenues from yield is only 2.8K it means the balance should come from the 0.6% withdrawal fees.
221k-2,8k=218k
218k/0.6%=$36M
So either theres $36M worth of TVL withdrawing daily, which is impossible given the current total TVL, or the team is pumping the vVSP reward to create fabricated hype for their token.

>>30151854
>useless tokens
the only crypto project to actually pay back 95% revenue to tokenholders is useless?

Fucking retard. There are maybe 10 cryptos that are not useless. VSP is one of them

>>30152116
try explaining this >>30152102

>>30152102
I thought it was distributed on deposit and withdraw?

>>30152102
>>30152218
>toilet tranny math

>>30152078
lol jk

500 is a good stack

>>30152218
the revenue is higher than what you stated + all gysr is used for buybacks + they have a backlog of revenue to distribute
just post it in tg/discord if you want a better explanation

>>30152046
kek you are genuinely a retarded newfag if you don't immediately recognize the dApp in my pic

>>30152116
read their shitty strategies nigger. if you're too poor to pay for gas to find 10x better yield farming opps, go play on BSC instead of buying this shitcoin

>>30152433
>read their shitty strategies nigger. if you're too poor to pay for gas to find 10x better yield farming opps, go play on BSC instead of buying this shitcoin
The fuck are you talking about you fucking pajeet. It is you who are so poor you need to use bsc or find some literal who rugpull with 1 gorillion apy to make it. I can stay comfy in the blue chip of yield farming

>>30152433
>1000 + apy
>autistic pajeet shilling
>comparing a shitcoin with unrealistic sustainability and anon team with vesper which is backed by fidelity

Pic related it's you dumbass

>>30152583
>>30152697
no offense bros, but you can't be posting nonsense like this when you're so new to DeFi that you don't even recognize the dApp I posted. it's genuinely embarrassing

>>30152293
refute it you absolute brainlet cuck, point out where its wrong

>>30152384
gysr wallet only has $46k and all the tokens are still here. they were not sold on the market for vsp to be distributed. look for yourself: https://etherscan.io/address/0xe07141bd2de713df96ea30bff73ed64fde560595#tokentxns

>>30152763
Yeah it is harvest and I never used that meme shitfarm

>>30152803
Just post it in telegram / discord and you will get your answer from an actual team member toilet tranny

>>30152881
maximum cope

>>30152803
>>30152384
I was wrong they took $150k worth of gysr out of the wallet from 2 transactions. It still doesnt account for the hundred of thousands they are giving away daily

We’re still early af, can’t wait for their deposit x earn y strategies. They discussed making hodl pools during their sushiswap AMA today; deposit eth/btc and earn stable coins.

>>30152959
I dont need answers from the team, I did the math and it doesnt add up. They are giving away hundreds of thousands worth of vsp while revenues are a small fraction of that. they said BETA backlog was only $200k and its being distributed for a while now. The numbers dont add up

>>30152763
>no offense bros

LMFAO pajeet

>>30152102
VSP deposited is used as investment in yield generating defi projects, thus bringing back profit. have you even read about it?

>>30153257
coming from the guy who posted he could only afford 300 VSP lmao. truly embarrassing

>>30152763
>>30153033
no offencies bros! U r all the new do the needful join the shitcoin meme farmer we no pump and dump sir!

>>30153114
You do realize that people are withdrawing and depositing in Geyser constantly to create fees though right? I don't expect the Apy to stay this high forever, but once their aggressive pools are up it's still going to be high just from those.

>>30153519
>if I call him a pajeet often enough, it'll become true!
this thread FUDs itself. keep it up :)

>>30153651
Keep pumping this thread new fag

>>30153398
not its not. No defi platforms accept VSP as a collateral you brainlet. Its only use is distribution of fees.

>>30153630
As I pointed out, it only accounts for about $150K since the beginning.

>>30153755
tip for next time: newfag is one word

the math doest add up jeff

>>30153256
>I dont need answers from the team
okay, so you wouldn't accept answers from us either. keep bumping this and fudding kiddies away

>>30151854
learn the difference between liquidity farms and pools. Harvest.finance's FARM pool's APY (stake FARM, earn FARM) is currently 70%. compare that to VSP's (stake VSP, earn VSP) of 300%. Plus, FARM's token price has reach a peak. VSP can still hit $50, a 35% increase. so with VSP you can get 300% APY from staking + a potential (some would say, likely) 35% appreciation on the price of the coin in the short term. VSP is like FARM 2 years ago when the token was worth $20 and the APY in the multiple hundreds.

>>30153850
Garzik is in the Discord answering questions now. Hop in there and ask him where it's coming from.

>when toilet posters run out of ammo

>>30154138
I dont use discord and im not invested in this project because I think its a cashgrab project from the founders

>>30154023
You left out the 375,000 Vsp that's being distributed across 3 of those pools. Why would you assume that's not included in the daily fees?

>>30154263
your only response has been
>toilet tranny math
kek Ive been btfo so hard man how will I ever recover

>>30154130
wBTC-kBTC is a stable pair, that's why I posted it. Badger also has wBTC-DIGG vault that was in the mid-high hundreds for ages. idk bout you but I'd rather get my rewards in wBTC than some shitcoin like VSP

>>30144614
Maybe it's just the eth gas fees. But I unironically see VSP capable of pulling what YFI did last year. It's possible.

>>30154373
its quite obvious why if you read the docs. They take a cut from yield earned on defi platforms. the vsp rewards are not revenues for the platform, they are a way to distribute the token. they dont take a cut from vsp rewards given as incentives.

>>30153905
>>30154397
>trying this hard to prove he's not a new fag
>shilling shitty harvest.finance
kek what a pajeet brainlet

>>30154397
I think we can actually agree that FARM has a lot more pairs due to being a lot more mature. some yield good returns like your wBTC-kBTC example. but we can also agree that as a project, FARM has hit its peak. its token price will not increase much anymore and the APY will keep dropping. VSP is a lot newer with fewer pairs as of now, but it has a far greater potential for growth. to date you should use FARM if you want to generate yields from crypto you already own, and buy VSP + stake if you want to invest in a new project with good potential.

>>30154518
Maybe you're right, but that doesn't make much sense. On a pool such as Veth there are 2 percentages listed. .98% Veth and 51.77% Vsp. Both are listed as yield. I don't know if adding those in would fix your calculations, and I don't plan to check. Just sharing what I think could be the discrepancy.

>>30154766
dude you simply dont understand how the platform works. I suggest you read the docs. The VSP apy is not obtained from defi platforms. Its a way to distribute the token. They wont take a 15% cut on the token they distribute, it would be against the goal of distributing it. I dont blame you because your clearly new to defi, but I advise you read the docs and learn how this all works.

>>30154952
I'm definitely new to defi. Up until now I just held onto other coins and waited. Thanks for the info. I don't believe they're trying to trick anyone though.

>>30155080
you can "believe" all you want, but the fees generated are far lower than whats being "distributed". I say "distributed" because they dont even distribute it right away, only when people withdraw from the vVSP pool. Which indicates that it could be a ponzi. They advertise an APY higher than what generated but dont distribute it, so they only get caught if a large proportion of the vVSP pool withdraws

>>30154694
VSP might overtake FARMs TVL soon

>>30155563
I've been on biz too long now to know whether you're trying to help me or if this is just really good FUD. I'll definitely look into it though.

>>30156113
vsp will overtake pajeet farm with the amount of growth occurring

I deposited some VSP in the vVSP pool a few days ago but haven't seen any increase in my balance. When/how often are rewards dispersed?

>>30152102
Doesn't the balance come from releasing unreleased tokens or am i a brainlet?

>>30156499
Should get paid at least twice daily. Ask jeff he's on discord right now

>>30152102
They are providing incentives to stake and unstake - so yes its manufactored.