/biz/ - Business & Finance

>>56046908
I think you forgot to read the last sentence, where they still use chainlink. Retard.

>not use spot prices
AHAHAHA defi really said fuck it and went full ponzi fantasy numbers.. lmfao. Crypto is so over

Bad news is bullish, retard. It's the good news that you really have to look out for.

>>56046933
>>56046936
>>56046971
sorry anon your little oracle just isn't what we want or need right now

>>56046993
adding picrel for le nerds who actually want to understand why king kurve will just make their own oracles

Did they get exploited yet?

>>56047023
crvUSD has not been exploited yet, no. the only time curve pools were exploited was due to a vyper 0day hack, but thats unrelated to their lending market.

this is what these little baggies don't get. chainlink has no retail users, or retail demand, it's a tool for developers and you can count the number of relevant DEXs and entities that need chainlink oracles on two hands.

the market moves quickly when 90% of your demand comes from only a dozen entities.

>>56047029
Cool, let's wait for the next one then when they have to get saved by Link again.

>>56046908
>>56046993
>>56047004
>>56047029
You're actually retarded

In the screenshot you posted he's stating that the price from Chainlink == spot. Just because the product isnt perfect for them doesnt mean the product is bad.

It's like saying apples are bad because you cant use them to make tomato sauce

>>56046908
Everybody is dropping link and saying fuck you to tyranny

>>56047105
Genuinely can't wait for Link to destroy the MEV Mafia and their beautiful dance that only served to turn crypto into a complete scam shitshow.

>>56047076
you're like a city cuck working a software engineer job who thinks he's the smartest guy in the world because he compares himself to random niggers in the subway
the problem here is not "muh chainlink bad", but rather the intrinsic assumption a centralized network aggregating centralized sources of truth for price feeds makes sense once constructions evolve beyond simple money markets
decentralized oracles are much harder to build than chainlink, that also is true... and the conclusion the whole industry settled on is to move away from oracles
bagholder laggards who don't use blockchain can fellate themselves all they want with outdated "knowledge" from 2018, the wheels of defi will keep turning

>>56047150
>you're like a city cuck working a software engineer job who thinks he's the smartest guy in the world because he compares himself to random niggers in the subway

kek

>the intrinsic assumption a centralized network aggregating centralized sources of truth for price feeds makes sense once constructions evolve beyond simple money markets

Great that Chainlink has other products then. Also, I think there will still be places where Chainlink price feeds makes sense in DeFi, but it's unreasonable to expect it to fit every increasingly complex use case

>>56046908
Didn’t curve get hacked a few weeks ago?

I don’t remember Chainlink getting hacked.

>>56047270
curve got exploited and chainlink saved a massive liquidation. these are the people and entities you are trusting for information. they do not have your best interests in mind.

>>56047299
secondly, there's something fishy when an exchange doesn't prefer to use spot prices.

>>56047004
my takeaway is that chainlink causes more losses than necessary. looking at this board, that's definitely true

>>56046908
>we're just not gonna use spot prices anymore
ok, good luck with that I'm not going anywhere near your busted ass protocol

>>56047150
>and the conclusion the whole industry settled on is to move away from oracles

Lmao, enjoy your hacks.

>>56047123
mev mafia mev mafia hahahhahahaha losers wait look! chainlink labs transferring their worthless tokens to binance for scheduled monthly dumping hahahhahahah

>>56047269
>Great that Chainlink has other products
that have seen zero success.
they went from being early (to oracles), getting that market slowly removed from underneath them, and now they're scrambling for new markets playing catch up.

not that this matters unless you're one of the fools still sitting in the now grossly overvalued link token.

Curve is completely pozzed at this point. Unlisting shit for retarded reasons, hacked, doing whatever they want and being mediocre. Can't wait to move over to Kinetix. Migrated to Uniswap in the meantime. Doesn't matter, Kinetix will also host ERC-20 shit thanks to Kava being a co-chain with Ethereum. Curve is dead to me.

>>56046908
So what happened to all the retarded drama with Curve? I recall they got hacked a couple of weeks ago. Was it all a nohingburger or what?

>>56047150
Too much text just to project weird convoluted insults on someone you know fucked you over, retard. I don't even care for Chainlink and I activley hope jannies ban all linkies forever but you are completely wrong. Be a man and own it, faggot.

>>56048423
do you know what pozzed means

also kinetix is made by pajeets

>>56046993
They can't put it in simpler terms. Literally impossible. It's as clear as it gets and you faggots still find a way to shit on chainlink like a bunch of contrarian fucking sheep.
>BUT 82 DOLLARS!!!
>BUT PRICE!!!!
>BUT SERGEY IS AN EBONY-GIRL ADDICTED METH HEAD WITH A HAREM IN SOME CARIBBEAN ISLAND!!!
>BUT TOKEN NOT NEEDED!!!!
Get off this board before the brainrot becomes permanent and no longer ironic.

>>56048423
Kinetix only supports a couple of assets while Curve is an already established platform at this point. You'll be waiting for a loooooong fuckin' time if you're unironically planning to migrate

>>56048423
vitalik capitualed on his own project. what does that tell you for the future of ethereum and all the other leeches trying to get big off of its smart contracts (kava)?

>>56048440
Pozzed means woke as in shoving retarded leftist propaganda down your throat

>>56048452

hey faggot in case you didn't know: chainlink threads are made by bots/paid shills. they're not organic as they keep flooding the board to keep up the illusion of continued interest when that's clearly not the case when crypto as a whole is so fucking dead

>>56048453
Exactly why I specifically said "I will move to Kinetix, in the meantime I'm doing Uniswap only"... Because they are new... Like, one month old new... And they already got spot trading down to a T, better than GMX platforms... Retard

>>56048455
>vitalik capitualed on his own project
you and I know this is the most retarded fud ever. Vitalik didn't capitulate anything just because he moved a couple of ETH to coinbase fag

>>56048471
Every jeet shill company eventually gets exposed/leaked/dies out very quickly because ShibNiggerInu9999 didn't sell at all, retard. Link baggies are that, very dedicated baggies that missed out on selling for a chance at a great lifestyle out of pride and greed. No wonder they are THIS dedicated to this very day.

>>56048455
based headline reader
>>56048503
based normal anon with a working fucking brain

>>56048505
OG Link marines (actual human beings and not shit colored poo in loos) sold the top a couple of years ago. They're probably laughing about it since they got their much needed exit liquidity already

>>56048453
>24% APY on Equilibre, Kava Staking and Curve
>Liquid USDT by swapping via Kinetix
What else do you fucking need anon, tell me

Kek of course link baggies didnt want to shine a spotlight on something this huge.

>>56047514
You're brown.

oh the project that was saved from annihilation by chainlink, neat

>>56046908
Wait, people still actually hold ERC utlility tokens? The time to sell those was two cycles ago. Never change /biz/, never change. What other bags are you retards holding?

>>56049718
Shill your shitcoin already.

>>56046936
Why trust them centralized spot prices, bro?

>>56047055
how would they get hacked if using the CL price limits?

>>56047076
there's no demand for link though

>>56047150
/thread

>>56047269
Chainlink's only working product is retail cult members donating billions. Works like a charm

>>56047838
correct. They are also pivoting into gaming which is a joke

>>56046908
idgi if they aren't using spot price wtf are they using

>>56047309
MEV or in this case straight frontrunning.

>>56047004
chainlink causes losses? wow why would they do that...

>>56048460
kind of wrong kind of right.
It's a meme that came from a (i think) reddit faggot community where fags with HIV would go out, pretend to be STD free and fuck another faggot in the ass, giving him AIDS too.
>poz --- HIV positive
>pozzing - giving somebody HIV
>pozzed - having HIV/AIDS
so no, pozzed doesn't really mean woke but more compromised/degenerate/untrustworthy

>>56046908
>>56047055
>>56047105
>>56047299

My take is that curve founder sold lot of CRV otc to VCs to save his ass, and I guess this was
part of the deal

>>56046936
>I know the tax valuation on this property is $120k, but we're just gonna use our own price oracle and list it at 500.

>>56047309
>>56050578
Exactly this. The MEV kikes want to get their claws in yet another frontrunning scheme. And what best way of achieving that than by
>>56050746
And then, having Curve "factor in" their target prices (a % spread over the spot price) but having the actual buys and sells close at their (((smoothed-volatility-deluxe-price)))?

I feel they are setting this up for the VC kikes to have another arbitrage gateway at the expense of the users.

>>56047309
>>56050578
>>56050859

I don't even know why you guys care at this point? Like fuck it, if vcs can take advantage of people let them. If the market doesn't want to decide to not get fucked over than its their own fault. If you're using defi in the first place, you should understand a bit of blockchain tech anway.

I do feel bad for the innocent retail people who put in a cars worth of money into these protocools but knocking on wood they don't put enough that it matters and only degenerates who would kill another person for the sake of enriching themselves get fucked

>>56047004
"no no. Terra is pegged to 1 Dollar. Dont trust the spot price by chainlink. It is really fully backed by luna collateral. That's how this algorithmic stablecoin work. Its even in the name, stablecoin. Lets hardcode it to a value of $1, what could possibly go wrong?"