[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]

/biz/ - Business & Finance


View post   

File: 103 KB, 1852x862, grochart.jpg [View same] [iqdb] [saucenao] [google]
23077811 No.23077811 [Reply] [Original]

Growthdefi
GRO
Price: $25
Market Cap: $2,797,005
Circulating supply: 114,429
growthdefi.com

CRV, SWRV, PICKLE, YFV, FARM etc.... and all your cute yield farming coins are getting destroyed. If you haven't figured it out yet its because industrial grade vaults are farming them and then dumping the coin for their own yield. But guess what?? as these coins race to zero yields start crashing just look at the latest YFI yields.

But guess which coin isn't affected. Check this chart out.You wanna know why GRO is immune? Because yield aggregators like YFI would have to mint gTokens and market buy GRO to enter the LP. If they do this then GRO price would skyrocket.

Growthdefi is next gen. Imagine a platform that takes interest bearing tokens like ctokens from compound or atokens from aave and then adds yields on top of what they are already getting. This all done through the protocol and doesn't rely on farming these other coins just to dump them. This is a self sustainable money making platform.

Gtokens getting released this week along with its code for bug bounty and audits.

Only 2.7M market cap. At $1000 GRO is only at 200M MC.

Gonna be a fun ride. Don't say you didn't hear of it early.

>> No.23077874
File: 94 KB, 986x1122, growthdefi.png [View same] [iqdb] [saucenao] [google]
23077874

>>23077811
for your viewing.

>> No.23077943

Literally no idea how this will play out, especially price-wise, but they declare themselves as layer 2+ protocol on top of layer 1 protocols such as AAVE/YFI/COMPOUND, etc. Admin also said they will tread with utmost caution when it comes to the release of new GRO tokens during liquidity farming in order to prevent a "farm and dump" scenario as it happens with other shitcoins such as BREE. Bought a bag not to miss out in case it does (symbiotically) absorb the TVL of the layer 1 protocols.

>> No.23077971

>>23077943
>absorb the TVL of the layer 1 protocols

Well said fren.

>> No.23078286

Nobody else on /biz/ an opinion on this shitcoin?

>> No.23078754

>>23078286

Pretty early desu but this is how fortunes are made.

>> No.23079293

This is yuuuuge! For such a small cap. 5/5

>> No.23079335

>>23078286
Stealth mode accumulation right now. Be thankful that the masses haven't caught onto this.

They will likely notice this around $100 price and push it to $500+.

>> No.23079956

>>23077943

Jesus christ you deserve a fucking meal for this post. Literally the best way to sum up this token which I think is groundbreaking.

I have been averaging in for two weeks now and I am a top 5 holder. Cant. Fucking. Wait.

>> No.23079960

>>23079335
100%

literally, people aren't gonna look at this until 20M market cap at least.

Thats just how dumb money is. they follow the crowd. Can't think for themselves.

>> No.23079998

>>23079335
>>23078754
I only took note of it because some anon said he sold his GRO for BREE, because GRO didn't move but BREE mooned. Top kek. Luckily I didn't make any losses with the bree PND. This here is literally the opposite. Zero PND shills at all. Hoping for a comfy, gradual and sustainable moon. Satsgang please stay the fuck out.

>> No.23080054

>>23079998

I think it will be gradual. NO one gives a fuck about this right now because they are ponzi chasing and gambling on potential rug pulls.

This has the next YFI written all over it in terms of growth and adoption.

>> No.23080494

>>23077811
Shill me this please. Sounds good but I'm just a lowly smooth brain.

>> No.23081189

How slow will the inflation be. 1,000,000 is a large supply for DEFI. That being said the project is sound as fuck and clearly not a rug pull. I couldn't figure out how the token gains value. Just from burns through the arbitrage its acquiring? Do you farm it like other tokens? I kind of want to keep this on the DL for now I'm thinking about buying I should just go to the telegram instead.

>> No.23081562
File: 28 KB, 345x247, GRO.png [View same] [iqdb] [saucenao] [google]
23081562

>>23081189

Im still grasping it myself. But in a sense Growthdefi has figured out a new way of creating yield via "Liquidity Farming". I think....

>> No.23081964
File: 4 KB, 128x127, ad.jpg [View same] [iqdb] [saucenao] [google]
23081964

and why does this ad keep popping up on my screen .

>> No.23082237
File: 152 KB, 1940x900, growth.jpg [View same] [iqdb] [saucenao] [google]
23082237

>>23081964

but still this is what I think about when I sleep

>> No.23082358

twitter.com/FableEye/status/1310675780242825216?s=19

I'm looking for some more twitter accounts to follow that will give me good growthdefi breakdowns. Do the needful please.

>> No.23082435

How high do you guys think this can go?

>> No.23082651
File: 142 KB, 1080x810, Screenshot_20201006-125813_Telegram.jpg [View same] [iqdb] [saucenao] [google]
23082651

What did they mean by this?

Gtoken layer?

>> No.23082778

>>23081189

The emissions are slowed tremendously as to not hurt price. Also, the coin is deflationary. white paper found here

https://growthdefi.com/pdf/GROWTH_DeFi_V1.0.pdf

Fees from the locked LP’s GRO/gToken is used as a constant burning mechanism.

>> No.23082886
File: 6 KB, 218x231, images.png [View same] [iqdb] [saucenao] [google]
23082886

Reading that whitepaper makes me feel like