/biz/ - Business & Finance

>>30367310
5k min to stake. A sober but slight hopium prediction of grt price is ~$20. 15k grt will get you about 70k usd a year

>>30367522
Sorry converted usd to leaf bucks* 15k grt will get you around 55k, not sure if that’d be acceptable but it would for me

I've seen most people say 5k but I've seen someone say a "true" min is 2k. I would still play it safe and try to get at least 5k

>5k
>2k

I did 1k, fuck the gas. Picked out a smart return, make 1 GRT a day. Hold 2 years, solid strategy.

>>30368030
How much is the gas to stake 1k?

>>30368346
gas price does not scale with delegation amount, that's why people say to have more

>>30368346
The gas fee is the same regardless of stake. I'm not sure what it is right this moment though.

How do I sell this shit? Can’t figure out how to undelegate. Down nearly 40% cant take these losses anymore.

Reminder
100k suicide stack
1M make it stack
50k minimum to delegate

>>30367310
Are there alternatives to MetaMask for the staking process?

I'm concerned about potentially compromising the application's security doing anything crypto-related with a browser (or on a phone).

hahaha shut up fuckers, i will never follow your shitty referrals, don’t even dare! my pajeet pepes will fuck you to shizo
i actually don’t care, i already invested in PHR tokens and just prepare for graphene airdrop

>>30368375
>>30368408
Ah okay, thanks frens.

Also what’s the deal with the PRQ and GRT rivalry? Can’t they both be successful and coexist together?

>>30368560
You're welcome.

Is it worth being worried over the supply increase? If not, why?

>>30368475
You will never be a woman. Kill yourself.

>>30368475
Frozen for 28 days now lel

>>30368611
how many people use Bing or DuckDuckGo vs Google?

>>30368806
>If not, why?
Because all of the people who own the additional supply are VC firms with long term visions. They are all planning to run indexing operations themselves.

Realistically you’re going to see 60%+ of the total supply staked by August.

>>30368485
10k
100k
5k

>>30368997
I haven’t really looked much into PRQ but from a quick glance it seemed like they do different things.

>>30367596
>>30368485
I have 25k$ in fagman stocks. Should I dump that into grt and stake? The fagman stocks double every 2 years in value and I get less than 1% dividends on them. For reference my crypto portfolio is about 15k and I make 175k per year including said stocks

>>30369593
This is my portfolio atm

>>30369732
I really want to get into Link but I feel like I was too late after it reached 20

>>30369593
In your situation I would suggest getting 10k of GRT and delegating that stack for at least the next year or two.

>>30369776
Yea same for me but I got some (albeit a little) anyways. For all the shilling on biz I feel like you have to have some. Sucks I didn’t buy in at 1$ or less

>>30367310
I delegated my 921 GRT last month. I have made 4grt. It will be worth it.

>>30367522
How are you arriving at that calculation?

>>30369879
Yea I feel like half is safe. If my boomer parents found out they would murder me haha

>>30369962
How much did you pay in gas fees? I have a similar amount of grt but haven't delegated due to the fees.

>>30370080
If we get to $4 in two years (many would consider this price to be major FUD) plus the compounding gains of delegation you'd absolutely trounce your returns in old fashioned stocks.

>>30367310

You can stake GRT with 1k token reasonably. You won't make much, but every 4 years your token count will 2x. My gas fees are about 20 bucks to delegate to one indexer, but I've heard some people say it cost them 50 dollars to delegate. In which case you'd probably want closer to 2500 tokens as a minimum entry point.

I would say the minimum make it stack is 40k. I know because I only have 20k tokens. my stack is split up between 5 delegators. Check out their reward distributions here: https://thegraph.live/delegator/0x3ea4db63654d3e4837fbeab563b6212954a08a22

I bought in at about 45 cents. I plan to accumulate 50k tokens and hold them for 5 years.

>>30370497
is the 310 you earned every month or all time?

>>30370497
Minimum make it stack (in my head) is 50k GRT. I have 43k and it hurts because I kept waiting for the price to drop back down to 30 cent range. I'll get there by delegating though

>>30370321
too much but I'm literally just going to leave it for 5-6 years. Either I'll have lost a little over a thousand dollars or I'll have quite a bit of money by then. Wouldn't have done that if I wasn't planning to hold long term

>>30370900

Lmfao this is such a ponzi you all sound like bitconnect niggers

>>30370974
>space
>text
for what purpose?

>>30370974
I'm sorry you were born with a low iq anon. Maybe in your next life you'll be white.

Can anyone explain to a newfag what exactly staking is? I assume it’s the same thing as delegating but I’m still in the dark here. I get that it prevents you from selling your tokens for an amount of time and grants you more tokens sort of like dividends but what exactly is going on when you delegate say a 5k stack of GRT. Pls enlighten me

>>30371689
"staking" comes from "proof of stake" algorithms which are basically blockchain 2.0 (bitcoin by contrast is "proof of work" and inherently inefficient as a result, which is why BTC is going to 0 eventually and BTC maxis are retarded, but I digress). basically the more tokens are "staked" the more secure the blockchain transaction is. people who "stake" their tokens are essentially renting them out to a node operator, who is actually securing the transactions. stakers get paid in tokens in a manner more or less analogous to a traditional savings account or money market fund: you are getting paid for giving a 3rd party the privilege of using your money. the same applies in providing liquidity to exchanges and finance apps.

GRT is not a "proof of stake" in quite the same way, because indexers (~node operators) aren't directly using your GRT tokens to secure the network. instead, as I understand it, delegating your GRT is effectively a "vote of confidence" in the indexer, the idea being that the more query results an indexer gets, and the better the query results, the more GRT-denominated revenue that indexer will receive; so indexers are incentivized to accept delegated tokens because it increases their "weight" in the indexer pool without having to put up the capital for however many tens of millions of GRT themselves. but strictly speaking, assuming they had the capital and/or wouldn't rather put that capital to use elsewhere, it is more profitable for an indexer to use only their own tokens and take 100% of query fees for themselves.

>>30372710
So what stops indexer centralisation

>>30372819
My big dick. Dubs will confirm

>>30372819
>So what stops indexer centralisation
"competition"

that's kind of a meme obviously but it's actually not a terrible answer insofar as there are concrete incentives for indexers to compete among themselves to produce more useful indices. to some extent this even provides a profit motive for badthink types; say all the biggest indexers refuse to index data from HeilHitlerChain or whatever, that provides a major market opportunity (that the rest of the network basically can't do anything about) for 1488_Indexer to receive 100% of the queries from people interested in data from HHC.

the better question is: "what stops indexers from colluding amongst themselves to artificially lower GRT APY for delegators?" and the answer, currently, is: nothing

>>30368375
What is it on average? I'm brand new to this but heard between $30-$50 eth was recommended.

>>30367310

Sneed's Feed and Seed (formerly Chuck's)

>>30373101
I keep a few hundred bucks in ETH just in case. You can lookup how much ETH gas costs for a transaction at any time. That much ETH may get you 1, perhaps 2 transactions

>>30372972
Competition wasn’t the worst answer and makes okay sense.
But what’s making indexers compete? Isn’t a subgraph an indexing protocol set in stone to provide truthful information to the receiver? If so all indexers of a select subgraph would give you the same end-result. What makes an indexer better than another? Apart from your obvious delegation rewards of course, which would be irrelevant to a query.

>>30369062
Or the VCs are going to dump as their tokens vest because they paid $0.03/token and $0.014/token and have made a ridiculous return on investment already...

>>30370497
Why so much tho? To cover the loss of the $50 gas and the .5 GRT burn? Why couldn't someone delegate say 200 grt, pay the $50 and just wait on low rewards if they intend to hold 4+ years instead of it just sitting there collecting dust? Wouldn't the eventual rise in value of the token make up for it?

>>30373285
I don't understand this 100% either but as I understand it the DATA is the same but the INDEX(/subgraph) is not necessarily identical.

so for example take the chain: AAAABBAABBCCAABBCCDD. indexer 1 simply records the number of times each letter comes up. indexer 2 notices the fibonacci pattern in the data structure and provides additional index information based on that, so rather than only being able to pull up every instance of whatever letter (the only results index 1 could provide) someone querying index 2 is more easily able to find places where the pattern is broken, by querying along those lines.

this is obviously simplified but as I understand it that's how it works, could be wrong though

>>30372710
So wouldnt buying more and NOT delegating raise the price than?

>>30373285
The demand for what they're indexing definitely determines the amount of rewards they receive. They currently compete with each other for delegators through they cut they take, but anon is right, they could collude and we'd all be out of luck. If the indexer gives bad info or does anything dishonest, they could have their tokens slashed, but delegators don't have that risk. That's currently about the only protection we have right now though.

>>30373639
>So wouldnt buying more and NOT delegating raise the price then?
I mean perhaps in sufficient numbers it might to some extent, but note that tokens are burned when querying and when delegating (0.5% of tokens delegated). delegation is one of the primary deflation mechanisms. and on top of that, every token delegated is out of circulation for at least 28 days. so there's very little point to hoarding undelegated GRT in order to drive up the price, the way to do that (apart from GRT providing a useful service and thus being in demand to queriers) is to delegate. the tokenomics are very well thought-out.

pic related takes care of gas fees. shhh.

i'm on network.thegraph.com. my wallet is connected. Which indexer would you guys suggest?

>>30367310
I delegated 500 about 2.5 months ago and have gotten 12 grt so far. Only paid like $20 in gas fee

>>30374077
Add me on discord and I'll tell you

>>30374313
Not very white of you, anon. What's to be lost by telling a goy which indexer to chose? I see one that offers insane rewards (something like a 165% APR) but that can't be real or sustainable, right? Prob just gonna go with P2P if nothing better/trustworthy is found.

The first indexer on the list right now, framework-labs.eth, has an effective reward cut of -96.54%. What the fuck is up with that? Can someone explain this?

>>30374077
Does that work if GRT is on cb pro or does it have to be on regular cb?

>>30374519
not sure, man. only used regular coinbase and it worked perfectly. i'd think it'd work for pro but not the guy to ask.

Is framework-labs.eth legit? the rewards are so much higher that it gives me pause.

>>30374450
If I disclose publically I risk dilution of my rewards. None of you faggots are worth more than my APY

>>30374852
cool. hit me with the discord info, then.

>>30374819
Their query fees to date is only 67.14 grt, so it doesn't look like they have been used much, if I am understanding it correctly. In any case, I can't wrap my brain around the -96.54% reward cut.

>>30374819

>>30374965
query fees are currently irrelevant, queries will begin being charged for when the subgraphs migrate off the central node. That's when shit is going to go parabolic. It is currently still in the bootstrapping phase. No one really knows what kind of query volume and pricing we are going to see when it goes live within the next couple of months. Nothing is priced in

>>30375067
nice, when it hits $3-$5, us poorstacks will be able to cash out and rebuy again when we crash it, while delegators are holding bags for 28 days

>>30373414
>VC firm
>invests in company
>makes a killing before the company is even operational
>suddenly owns a huge chunk of one of the most universal and universally hyped crypto projects
> “I’ve made enough money I’m going to sell at the first chance I get”
Literally why.

>>30375283
So is the 22.9% apy on framework-labs.eth too good to be true?

>>30370987
The "r*ddit spacing" meme was the greatest trick 4chan ever pulled on themselves and points out newfags without fail. You are a newfag. Go look at the archives and look at the first thread on 4chan. Everyone was spacing. Newfag scum, leave.

>>30373961
Also consider undelegating will be seen in the indexers stats so if everyone undelegated with the implied intent to sell wed see it coming a mile away and have a 28 day unthawing period with which we could get the jump on them before their tokens are ready to dump.

ngl bros im gonna sell 20k worth of GRT when it hits $2 again. I made enough money to pay off the debts I had before investing, to pay back my initial investment, and to be able to diversify even after cashing out. Even if it pumps after, at least I'll have paid off this debt that has been looming over me for years. Feels good..

>>30375500
Checked and most likely. Query fees are important if you want to make money NOW and not assume the mass adoption will see your indexer receive a surge of queries. Keep in mind if they suck and get tokens of theirs slashed it means no rewards to give to you guys. So be very careful with your choice as youre committing 28 days minimum whether it works out well or not.

>>30375615

Fuck it, just going to delegate to P2P. Anyone know why the confirm button on metamask is grayed out and won't let me complete the transaction?

>>30375938
disregard that, i suck cocks

>>30375938
Looks like a safe bet. I think I may do the same.

>>30375830
I miss him so much bros
t.Nebraskanon

Why is GRT the only coin in the red? Shitting the bed what the fuck

>>30376081
Purge Omaha niggers

>>30376045
from what i can tell, yea it is. The massive returns on framework-labs.eth just seem too good to be true. I'm still a stacklet, I can't afford THAT much risk. I say that fully aware that putting my money in cryptocurrency and ceding control of it to people I don't know is incredibly risky.

>>30375350
But delegators will still have their GRT intact.

Is setting up to delegate is a limited time event or is it part of the design? Not too familiar with the technicals. Weighing the pros and cons.

>>30376866
you can delegate whenever, it is a permanent part of the ecosystem

>>30367310
I'd say like 3k if you're getting in now

The year is 2021 it’s April 1 GRT= 10$ you sell thinking you’ve done well for yourself and made money on your initial investment. The year is 2022 you laugh about what could have been when GRT is at 75$. The year is 2025 you kick out the stool from under your feet as you sway around in your studio apartment your vision blurs and fades to black the computer monitor glowing reminding you one last time GRT is now 1000$.

>>30378847
I have faith in GRT but there is absolutely no fucking way it will ever reach 1000.

>>30378911
My dubs say 169k EOY

>>30376575
which keeps losing value. Everything is up today but GRT.

>>30368475
lmfao

>could have invested in GRT at 10 cents
>bought 22,000 USD of RBC instead

I’m delegating 600k GRT and make about 60k USD per year in delegated rewards

>>30370028
15k grt will get you around 7.5 grt a day with an above avg indexer. 365*20*7.5

>>30369593
Imo, I’d wait for a dip in grt. Hopefully during th me token release, but the dip will get eaten up fast so have your finger close to the buy button.

>>30378911
Let’s be realistic, will it at least hit 20?

>>30368475
So sick of woe is me paper hands. That’s a stellar stack, just hodl. Fuck

>>30381388
$10 is honestly a good bet imo. 20 is leaning towards hopium. Smart anons are buying grt for the passive income, not necessarily the potential token price. Then again, I think even I am not prepared for the explosion of growth the graph will experience.

>>30380882
Dude...you already made it. Congrats.

>>30372972
Good answer, however, if they did decide to do that, grt price would plummet due to consumers no longer willing to purchase the token for the benefits of delegating. Again, the appeal here is to “invest” and get compounding returns

>>30381388
>>30378911
i made up my mind to sell when it passes $2 again but you guys are making me want to wait. I could pay off my debts with this and have more money to invest fuck yoouuuu i already made up my mind

>>30380882
Anon.... who on earth are you delegating with? Undelegate and find another one. You’re getting royally fucked

>>30367310
Not too much. This was shilled here when it was 50 cents. I took my profits and swapped OKB.

>>30381496
You can make a argument for $10. GRT is a future top 15-10 token. a lot of crypto devs use it.

>>30382354
xrp is a top 10 coin...

>>30382383
To be fair the schizo's turned out to be right in some regard and it's literally being used as a supernational currency between CBDC's on their new private XRPL (xrp ledger). The announcement came just a few days ago.

>>30380882
Congrats anon. I only got about 4k but hoping to bring it up to 5k before delegating.