/biz/ - Business & Finance

[Anonymous No.28551763]

Now that the dust has settled, is anyone actually staking link?

https://coin-metro.com/blog/link-staking-now-live/

[Anonymous No.28552192]

ye

[Anonymous No.28552329]

>>28552192
>>28551763
no

[Anonymous No.28552372]

>>28551763
>>28552192
>>28552329
maybe

[Anonymous No.28552424]

>>28551763
>>28552192
>>28552329
>>28552372

I don't know

[Anonymous No.28552449]

>>28551763
Once staking takes off we will go parabolic.

[Anonymous No.28552472]

>>28551763
>>28552192
>>28552329
>>28552372
>>28552424
bros

[Anonymous No.28552503]

>>28551763
i would never stake my link anywhere else other than on my own node. you stupid kikes will never get my links

[Anonymous No.28552673]

>>28551763
>https://coin-metro.com/blog/link-staking-now-live/

This isnt staking. This is just the fucking conehead begging for our links so the price can be suppressed for a measly 2,5% paid in their shitty token. Imagine giving the jews the tools to dump the price for 5% anual interest on an asset that will be devalued by the fucking kikes

[Anonymous No.28553083]

>>28552673
>implying tiny coinmetro has any impact on price
24h volume on link/eur is literally 494 linkies
that said, you are right that its not really staking at all

[Anonymous No.28553151]

drns

[Anonymous No.28553153]

>>28552673
>5% anual interest on an asset that will be devalued by the fucking kikes
I don't get it.
Why would they pay interest on something that's gonna be devalued?

[Anonymous No.28553218]

>>28552192
>>28552329
>>28552372
>>28552424
can you repeat the question

[Anonymous No.28553300]

>>28552673
>shitty token
bait, but I'll bite, why do you think this

[Anonymous No.28553654]

>>28551763
Imagine shilling Coinmetro a total dumpster fire of an exchange to deposit your LINK with purposely misleading advertising suggesting you can stake with them when its just interest for depositing there like the other 5 superior platforms. The interest isn't even paid in LINK. GTFO of here nigger.

[Anonymous No.28553677]

>>28551763
yes

[Anonymous No.28553695]

>>28553654
>Coinmetro a total dumpster fire of an exchange
bait, but I'll bite, why do you think this

[Anonymous No.28553816]

>>28553695

They have been exploited and compromised in the past and the devs are independently hired pajeets. The project is trash. The fact they call this "LINK staking" should tell you everyone thing you need to know about who is running the exchange.

[Anonymous No.28553865]

>>28551763

[Anonymous No.28553887]

>>28552673
how are they going to suppress the price with this shitty volume?

[Anonymous No.28553921]

>>28551763
The rewards seem pretty low, meh.

[Anonymous No.28553936]

>>28553816
so one chink pretending to be an employee and stealing data 3 years ago means the exchange is a dumpster fire?
gosh anon what should i do now, better go back to cuckbase and pay 5% in fees

[Anonymous No.28555100]

>>28553654
That's a bit much innit

[Anonymous No.28555222]

>>28553654
Also imagine calling something misleading when you are the one misleading people
it's not Interest
they don't lend your money, they just give you money out of Treasury

[Anonymous No.28555291]

>>28553816
>LINK staking
Advertising to normies
Still, it's free money

[Anonymous No.28556364]

>>28551763
>staking
Nooooo that's not staking

[Anonymous No.28556603]

Reminder that coinmetro is the reason link ended up on coinbase
Kevin asked LHV for permission to list link, coinbase also used LHV, the rest is history.
Also special thanks to our autistic link marines for bugging him to list it in the first place.

The staking thing is a just a way to get new users at a low cost, most crypto noobs are keeping their shit on coinbase or binance anyway and getting nothing for it anyway.

[Anonymous No.28556978]

>>28556603
>LHV
Who dat?

[Anonymous No.28557042]

>>28553218
lol

[Anonymous No.28557206]

>>28556978
Coinbase's bank

[Anonymous No.28557301]

I was going to but there volume is so low I would eat all the tokens they have to give

[Anonymous No.28557399]

>>28556978
>LHV Pank is an Estonian banking and financial services company
coinbase used them

>>28556603
it's insane to think coinmetro threads mostly get "1 Post by this ID" type retards saying its shit and then leave when you ask why
fucking asinine

whats worse is that no one itt is checking these digits >>28555222
c'mon man

[Anonymous No.28557478]

>>28557206
Why does guy from exchange a ask permission from exchange b to list a coin???

[Anonymous No.28557864]

>>28557478
not what he said, but i agree with the sentiment, I'd also like to know

[Anonymous No.28557990]

>>28557478
He didn't ask coinbase, he asked LHV. LHV allows coinmetro to do stuff like have fiat onramps and other banking services. If he listed something that LHV thought was too risky coinmetro would have lost the ability to use LHV's services.

[Anonymous No.28558068]

>>28557990
wait so every coin on cm is not only vetted by kevin but also by LHV?
bullish for dna kek?

[Anonymous No.28558344]

>>28558068
Yeah pretty much, it's just a matter of waiting to see if coinbase wants to list the same stuff as coinmetro

[Anonymous No.28558571]

>>28558344
Quant will be the first, almost guaranteed
after that im not sure, maybe parsiq, but wouldn't bet on it

[Anonymous No.28558654]

>>28557990
They have to ask permission per coin?
I don't believe that, amy source?

[Anonymous No.28558782]

On a somewhat related note, anyone use Celsius to get the roughly 4.5%? How is it?

[Anonymous No.28558985]

>>28558782
I'd never use a lending service, especially not a shady one like that, Only defi would be acceptable

[Anonymous No.28559145]

>>28558985
They’re partnered with chainlink, if Nazarov trusts them so do I, keep thinking a rug pull will happen while i grow my stack with 6% APY, the founder of celsius is completely doxxed no way he would exitscam

[Anonymous No.28559176]

>>28558782
>>28559145
>the Chainlink deal is 'you use our oracles, we put our treasury in your shady platform' which has no audits and nobody knows where the fuck the money is going
>why would a centralized service need decentralized oracles? It doesn't, it's just a deal that was made to get more money in their hands, ie its a win for Celsius but makes chainlink look like desperate fools willing to put their treasury at risk just to nab one pointless customer, even without the whore shit which shows they haven't even done any due diligence despite gambling with their treasury, it's utterly embarrassing
>2 minutes research also shows Celsius made the exact same deal with litecoin, made it their platform wallet in exchange for the litecoin foundation putting their treasury in Celsius' hands, everything about this type of deal screams scam because the only way they can get customers is by promising them they'll use/promote their tools in some (falsely) reciprocal manner rather than based on the merits and legitimacy of their service
>lies about multiple fake partnerships

[Anonymous No.28559354]

>>28551763
No. I have enough exposure to XCM. I keep my linkies on celcius so that I earn 4.5% APY, paid in link weekly. This is better for me than 5% paid in XCM.

[Anonymous No.28559557]

>>28559176
Sex

[Anonymous No.28559685]

>>28558571
It's possible but I have no idea what criteria coinbase uses for listing so quant and parsiq might be too under the radar for them

>>28558654
Kevin mentioned it a few times in telegram and his AMAs but that was 2 years ago so I'll have to go look for a quote

[Anonymous No.28559872]

>>28559557
she has no experience, why would they hire someone with no experience
>>28559354
this makes no sense anon, xcm has more upside than link, so you're getting cheap xcm

[Anonymous No.28560008]

>stake

[Anonymous No.28560129]

>>28559685
That's okay, was hoping for a source on the banks side or a written general statement or something like that.

[Anonymous No.28560197]

>>28559872
>she has no experience
Have you watched the video?

[Anonymous No.28560251]

>>28560197
naw i just copy paste whatever i find int the archives

[Anonymous No.28560452]

>>28559176
That proves nothing, you say there is a risk of a rug pull, I don’t think so. Nazarov is a genius, he trusts mashinksy, so do I. Simple as that. Khater is irrelevant. No point in mashinsky rug pulling, he’s making far too much. And obviously Nazarov would hold funds with them because it’s safe, secure, and gives great returns. Not to mention mashinsky is doxxed. If he even wanted to rug pull he couldn’t because he’d get fucked. Keep coping!

[Anonymous No.28560568]

>>28559872
They hired her because she’s a hot whore who will seal the deal with potential partners through sex, that much is obvious. I guarantee you nazarov nutted inside her.

[Anonymous No.28560630]

>>28552192
na

[Anonymous No.28561139]

>>28560568
Is this sexism?

[Anonymous No.28561570]

>>28556603
What concerns me is that CoinMetro is being completely opaque about what they're actually doing with these funds and how they make the money needed to pay out rewards. Are they being used for speculative trading? AMM/liquidity on the platform? Speculative DeFi farming off-platform? I've checked three "staking" related articles and not a single one of them discusses how it actually works in the "How It Works" section, just a completely barebones description of "put your money in, and you make money!" that seems like a ploy to lure in idiots. Zero discussion of the risks involved, no discussion of how the funds are secured and managed, absent from the "Risk Disclaimer" overview page (entirely unlike, for example, Celcius or Gemini's detailed descriptions of how their service works and the risks involved, lack of FDIC insurance, etc.), just unprofessional or scam-like marketing statements. CoinMetro itself has always seemed like a legitimate project for the years I've seen it in development, so this is a bit surprising. If anyone has sway in their community or prior connection to their development team, I would suggest rectifying this.
https://help.coinmetro.com/en/articles/4875354-coinmetro-staking-chainlink-link
https://coinmetro.com/risk-disclaimer?utm_source=blog&utm_medium=footer
Same thing for Quant:
https://coinmetro.com/blog/quant-staking-is-live-on-coinmetro/
https://help.coinmetro.com/en/articles/4733358-coinmetro-staking-quant-qnt

[Anonymous No.28561885]

>>28559872
It doesn't have to make sense to you. I already explained it. I have plenty of exposure to XCM already. I'm trying to increase my link exposure. I appreciate you trying to look out for my financial wellbeing, but I know what's best for me given the way my portfolio is balanced, details your not privy to.

[Anonymous No.28562334]

>>28561570
Its very simple.
>They have money
>They want more link holders/fans to like and use cm
>They give you money
that's it no strings attached

[Anonymous No.28562341]

>>28561570
>what they're actually doing with these funds and how they make the money needed to pay out rewards
You concern is valid.
The rewards arev from the marketing budget.
It's not real staking. The funds aren't used. Just incentive to join cm
Calling it staking was a mistake.

[Anonymous No.28563078]

>>28562334
>>28562341
Okay fair enough, although it seems like a particularly expensive marketing campaign that will likely be low yield given that it will attract the kind of person inclined not to trade, but in retrospect this makes sense given the payout in XCM.

[Anonymous No.28563300]

>>28563078
agree, but, they seem to have extreme success with the quant campaign, so much so that they re-did it with link

[Anonymous No.28563698]

>>28561570
That's a fair criticism, I don't suspect coinmetro is doing anything with the link/quant otherwise they would have said so. For example when XCM staking launches they said many times they're going to use the staked XCM as collateral for margin trading (you lend your XCM and then people accrue interest for using leverage until they close the position) there's no full details yet because staking as a month away. That's not happening with quant or link since you can't margin trade with those.

If someone brings this up to kevin he'll probably address it directly and probably make the terms around staking quant and link clear.

[Anonymous No.28563800]

>"Oh hey, I'm an ICO tier on their site and get some pretty cool discounts. I should use them more."
>Send $1.5k USD to their platform
>Want to get XLM
>"SORRY, YOU CAN ONLY USE EUROS TO BUY XLM."

What the literal and actual fuck?
Also I would use Coinmetro more if they had more coins and pairings. Their largest issue is lack of fucking coins. Instead of wasting money on this shit they should use those funds to get liquidity for more coins so they can offer real shit.

[Anonymous No.28564007]

>>28563800
agree, liquidity is their biggest problem, but liquidity comes mainly thought more people .. Which is exactly the thing they are trying to do with the link staking
bring in more people.

[Anonymous No.28564048]

>>28563800
Please love CoinMetro

[Anonymous No.28564589]

>>28563800
They're getting cucked by the lack of users. They ran into a problem where they'd add new pairs but those pairs rarely got used which sucked for new users. It's a real catch 22 situation.

[Anonymous No.28565440]

>>28555222
Now you are just arguing semantics. I meant interest as in paid dividends. Either Coinmetro is literal trash. There are dozens of better projects. Seriously they accidentally leaked tons of people's personal information. They are totally unprofessional.

[Anonymous No.28565833]

>>28565440
>Now you are just arguing semantics.
I was under the impression that you were talking about lending, my mistake
>There are dozens of better projects.
mind naming names fren?
and we both know the last part of your post is just inaccurate

[Anonymous No.28566129]

>>28551763
Imagine staking link for measly 4% APY when you could stake it on bancor for 16% APY

[Anonymous No.28566190]

>>28560452

Agreed. I don't use any CEXes but IF I were to trust one with some of my holdings it would probably be Celsius. Their lending services are legit as well. Bancor and Gemini seems legitimate as well for their pooling and "earn" services.

[Anonymous No.28566365]

>>28553218
YOUR NOT THE BOSS OF ME NOWWW

[Anonymous No.28567771]

>>28566129
Isn't pool closed on Bancor?

[Anonymous No.28568438]

>>28566129
What are my risks for 16%?

[Anonymous No.28569088]

>>28567771
It opens up with more space as BNT is added to the pool, you just need to pay attention to when space opens up (and hope it's worth the gas fee) or buy BNT and open up more space yourself.

>>28568438
Lending comes with significant impermanent loss risks for the first few months (1% coverage per day on Bancor), which is true for basically all lending pools aside from stablecoins (effectively). Custodial funds (Celcius/Gemini) risk insolvency if their asset portfolio loses money and can't cover your initial funds.