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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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23946122 No.23946122 [Reply] [Original]

Redpill me on statera

>> No.23946146

Filter it.
Sleep easy.

>> No.23946171

At most one small pump left. Not worth the risk of it going to essentially zero.

>> No.23946193

>>23946122
scam run by an ugly tranny

>> No.23946195

>>23946122
It's legit but that doesn't mean it will be successful.

>> No.23946203

Fuck off don't buy it we don't need your $200

>> No.23946213

>>23946203
i can taste the desperation in this post kek. its ogre

>> No.23946283

bump

>> No.23947082
File: 65 KB, 900x766, A3E366CD-36D8-4742-BD31-6F28217147B3.jpg [View same] [iqdb] [saucenao] [google]
23947082

It’s telling how the fudders are way more dedicated than all the comfy holders. Every Statera thread nowadays is filled with low IQ ”TRANNY NIGGER SCAM” spam which is very likely orchestrated by somebody who sold at 3c before the pump to 45c. The threads have been filled with shit tier fud ever since the pump.

Anyway here’s a great image I saw earlier today. IYKYK

>> No.23947171

>>23946122
The next one to rug pull

>> No.23947223
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23947223

>>23946122
It took me a few weeks to get it so don't worry. But as the one anon here said once you get it you REALLY get it.

Essentially STA is inserted into a liquidity pool. The balancer keeps the liquidity pool in perfect balanced ratio. So if one of the tokens go up, it will sell that token to buy the others so that the growth is steady. So you believe in crypto to succeed then you believe in STA to grow. Also, everytime STA is involved in a transaction (sold/bought/ratio corrected by the balancer) it will burn 1% of that STA, creating deflation and more volume. Now if the demand remains the same or grows, price WILL increase due to deflation. Any of the balancing creates volume which creates more fees.

But what if STA dies and has no volume you say? It does not matter, because the Statera involved in the pool means that volume is also counted for everything else in the pool, so eth btc link snx. Do you really think these will have no volume?

As pool integrations grow, so do arbing opportunities creating more opportunities and more volume -> burn + fees. You could literally be the only one running the pool and get enormous returns. That's why many of the top wallets are buying more. Because if STA goes up in price, the APY from the pool will be absolutely insane. It's not a regular hold and sell.

Of course there is much more to this, but this is the basic idea.

>> No.23947745

>>23947223
This pasta is not really that valid since it needs trading volume on Uniswap for burn, and so does not present that much arb opportunity on the Phoenix pool

>> No.23947749

>>23947223
Thanks for your reply

>> No.23947776

>>23946122
Bought at .45 because biz was shilling it. Still waiting for the “1.000$ eoy”

>> No.23947789

Failed project

>> No.23947817

>>23947223
So is nobody pooling it just now? If this is true, wouldn't the price be constantly rising already?

>> No.23947886
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23947886

$1.38 EOY

>> No.23947943

If crypto wins, Statera wins.
It's really that simple.
A Balancer Pool containing 500k USD was exploited, through no fault of the Statera team.
Balancer then gave in to pressure and refunded 4/5 tokens.
Statera's Dev (Scott Botha) refunded the remaining 1/5 out of his own wallet. A thing he didn't have to do whatsoever, but did anyway because he believes in the project, and the amazing community.
At the time, the Devs refund was worth around 3 to 400k USD.
Where and when in crypto land do you ever see that?
Statera gets FUDDED to death for the exact same reason Link did for years - it's a winner, and will absolutely blow up in a few weeks time.

>inb4 tranny coin scam Nigerian bagholders cope, etc.

>> No.23947963

>>23947745
Phoenix arbs 4 different coins also.

>> No.23947972

Not the next link by any means
Keep dreaming

>> No.23947985

>>23947745
Because of the switch to uni-v2, you are partially right and partially wrong. The burn does take place on uni from sta-whatever trades and sta liquidity pooling/unpooling.

Before, burn was directly tied to sta price. Now, it is also tied to eth price and sta price disparity.

Depending on the price of uni-v2, eth going up or down, as well as sta going up or down (as long as they're not exactly opposing each other in movement) makes arbitrage possibilities with uni-v2. Buy uni-v2 and convert to eth/sta to get more eth/sta than the uni-v2 value. Or sell uni-v2 and rebuy sta/eth as to get more sta/eth for the uni-v2 value. Those are 2 arbitrage trades that are possible. Then there is uni-v2 price on balancer vs uni-v2 price on uniswap that bring the balancer fees. There are probably also other uni-v2 related trades you can make that will create burn, but yes, the balancer volume is not tied to sta burning anymore. It comes from minting/unminting delta, which is an arbitrage opportunity in itself.

>> No.23948009

>>23947963
Yes but the lack of burn on the Phoenix pool limits the arb opportunities to the movement of the four tokens, as opposed to a burning token accelerating it.

>> No.23948120

Tranny scam

>> No.23948185

>>23947972
I'm in STA and I don't think it's the next link. It's 10 percent of my portfolio, and I do drop gains in it every other week or so. The pooling is attractive with the APY, even if it crabs forever, getting a guaranteed thirty plus percent is great. Plus, if you do LP, you can choose to take your rewards in LINK, which is what I'll do once the normie (and brainlet) friendly dashboard is public. My other biggest hold is LINK, got a 10k suicide stack when it was 28 cents (average) and stopped coming to /biz/ for a while. Just started returning and posting when I saw my stack hit $20k, now trying to leverage the extra buying power into something else, and so far I think STA for the passive gains and Fantom for the 2-5 year 50x potential

>> No.23948460
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23948460

>> No.23948489

What stops me from doing a diy index fund and just buying link, btc, eth and whatever garbage this statera includes

>> No.23948531
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23948531

>>23948489
Schizo or forgot to change IP?

>> No.23948558

>>23948489
Nothing

>> No.23948628

>>23948558
So token is literally not needed

>> No.23948694

>>23948628
Correct

Inb4
>1.38 eoy is fud
>just wait for the dashboard
>did you even read the whitepaper
>wow so many 1 post with this id fudding
>wow you've made x posts to fud this coin you don't even own why are you so obsessed
>it's deflationary burn token it can only go up
>it's an index fund it can only fail if crypto fails

Or any other npc cope from bagholders

>> No.23948715

>>23948628
Having a deflationary token inside an index fund creates constant volume, which in turn creates fees.
It's a really simple idea, which has never been done until now.
So, the token is very much needed.

>> No.23948742

I'm looking forward to the day when statera pumps.
This whole board will be full of sta threads. It will be glorious.

>> No.23948746

>>23948694
Tl;dr I don't understand crypto

>> No.23948773

>>23948489
Statera shouldn't be your entire portfolio. However, it's nice to have a portion of it you can just take and forget about and not have to check Coingecko while on vacation for instance. You can just pool your crypto and go on a vacation and not have to worry as much about being completely dumped on.

>> No.23948863

>>23948742
Oh, absolutely.
The same ones celebrating will be the same who are fudding now, but there you go... :D

>> No.23948887
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23948887

>>23948742
On that day, rope will be in high demand.

>> No.23949133

>>23948887
Among stateralets

>> No.23949182

>>23948185
Shit that’s good fud
But desu yeah sta will probably crab for a couple of years

>> No.23949196
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23949196

>>23946122
IT will make you money, and Its very cheap right now

>> No.23950068
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23950068

>> No.23950547

>>23948715
So even when the volume is as low as it's been recently, in reality some of that volume is being artificially created by burning?

>> No.23950937

balancer fork soon

>> No.23950954

>>23946122
dont buy

>> No.23950978

I'll be honest, i'm a day 0 whale, and regret not selling even at .25. As soon as this hits .1 im out. I know there are alot more like me, this will never hit .25 again.

>> No.23951043

>>23950978
Nigger please, this is the fomo coin, we all know it takes it time but when it goes, it fucking goes. Next top is 1$+.

>> No.23951189

>>23950547
I don't know if "artificially created" is the correct term, but yeah I believe so.
It's a really simple idea, but it works flawlessly

>> No.23951330

>>23950978
LOL.
Just LOL.

>> No.23951734

>>23951043
>>23951330

Gl. Just being honest. If I would have sold and put my money back when it was .3-.4 into the pooled funds...btc/eth/snx/link I would be up 50%-300%

>> No.23951781

>>23951734
Whatever dude. Just hold or dont but dont go full faggot, never go full faggot faggot. If i would have blabla you cant hold a coin for 6-9 months you wont gonne make it.

>> No.23951867

>>23951781
Im legit selling everything within 2 transactions. I'm not going to do what other whales doing slowly selling. You are crazy, better to be in AAVE or UNI right now actual defi products.

>> No.23951997
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23951997

>>23950978
>admits it's going to pump

>> No.23952156

>>23951997
There will always be highs and lows, but lower lows are probally comming for ever. Any rebound to .1 is going to be a dump fest.

>> No.23952284

>>23951734
Well, we all wish we'd sold high and cashed out or bought back low of any coin we've ever had.
Hence the lol.
But to say it won't go above a certain level again is just absolute horseshit. Sorry.

>> No.23952309

>>23952156
Speaking of absolute horseshit, here comes John Doe with his daily pile of hot steaming manure.

>> No.23952321
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23952321

>>23952156
>walks it back

>> No.23952373
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23952373

It's got good memes, I'll give it that.

>> No.23952400

1.38k EOY

>> No.23952756
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23952756

>> No.23952784

>>23947171
Actually retarded

>> No.23953467

>>23952321
Walking nothing back. I'll dump if it gets close to .1 again. I'm a bag holder, and there are alot of people like me out there. I cant even imagine, I'm a day 1 buyer almost at 6 fig profit, cant even fathom someone who bought .30+

>> No.23953556
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23953556

>>23953467
>he's doubling down on the larp