BAO FINANCE

[Anonymous No.26233354]

BAOCONNNNECCCTTTT

[Anonymous No.26233385]

>>26233354
whatever happened to this scam coin, the threads died off out of nowhere

[Anonymous No.26233394]

chink scam

[Anonymous No.26233416]

People werent actually taking this coin seriously, right anon?

[Anonymous No.26233457]

>tfw BAO and LCX buyer

[Anonymous No.26233482]

I made the decision to pick either rubic or bao.

I made the wrong choice

[Anonymous No.26233500]

>>26233385
Nothing happened to it. It's still doing just fine, people just don't understand the tokenomics. This is an ICO/distribution period, not the main project. And you're not supposed to be buying this, you're supposed to be farming it. The price action at this stage literally doesn't matter because people would only buy coins exclusively for staking. When they harvest, they only get 5% back, which is usually enough to cover the gas fees, so they instantly sell and keep their remaining BAO.

[Anonymous No.26233543]

>>26233354
lmao I lost half my net worth to this fucking coin

[Anonymous No.26233572]

>>26233543
big same

[Anonymous No.26233587]

>>26233543
>>26233572
How? It says right in the documentation that you're not supposed to be buying this. You literally couldn't lose that amount unless you didn't read a single thing about the coin before going all in.

[Anonymous No.26233589]

>>26233500
ok well can you spoonfeed me on how to farm

[Anonymous No.26233753]

>>26233589
https://chainwave.substack.com/p/farming-bao-token

>Provide liquidity on Uni (don't need to buy BAO, can use any pair listed on https://bao.finance/ and they have like a hundred)
>Get LP token
>Stake on BAO under the pair you provided liquidity for
>???
>PROFIT!

Gas fees are a pain in the ass right now though, but you make it back by the time you finish farming for like 5 days. They're moving over to xDai in about a month so they can significantly lower gas fees to pennies.

That's it. The project is still infancy, this isn't the main project and this isn't supposed to be a farming token. It's being distributed this way, but its main purpose is to create synthetic assets using the token (which gets burned every time one is created).

[Anonymous No.26233884]

>>26233543
kek
>BAO only 6 weeks old
>LOST 0.5 of net worth
yeah well if you're this retarded, maybe you're still overvalued.
Farming BAO rn

[Anonymous No.26233924]

This is from 2 days of farming btw. Even at current prices this is $437.56 worth. You'll earn more than the token dumps, but the point isn't even to worry about short term price for this project.

You literally don't have to buy this coin, and you're not supposed to unless you want to do the BAO/ETH pairing for a bit of an extra boost. This project is partnered with Sushiswap, it's on the roadmap for 2021 and a plays a big role in making Sushi unique. Being able to trade shares of TSLA on Sushiswap will be a gamechanger, and BAO is what enables that.

[Anonymous No.26233979]

>>26233354
>BAO
>buying a coin named after food
ngmi

[Anonymous No.26234020]

>>26233500
so bag holding would achieve nothing?

[Anonymous No.26234030]

>>26233979
They're partnered with SUSHI
https://forum.sushiswapclassic.org/t/sushi-x-bao-partnership/1834

Unless you dislike SUSHI as well.

[Anonymous No.26234286]

>>26233385
discord pajeets pumping up the value by shillposting relentlessly

[Anonymous No.26234401]

>>26233500
This guy gets it.
The price could fall by 95% and I wouldn't give a fuck because I'm farming a silly amount right now and when Baoman forks SNX and starts building the ACTUAL PRODUCT the price will explode, and I will have farmed literally billions of them.
Yes, Billions, with a B.
I'm going to be laughing at /biz/ for missing this once-in-a-lifetime chance till the fucking sun burns out lol.

[Anonymous No.26234712]

>>26234401
>This guy gets it.
>The price could fall by 95%
Hell of an investment strategy, let me know it works out

[Anonymous No.26234821]

>>26234712
>Price falls
>Farming tens of millions of Bao a day anyway
>Wait
>Project begins to develop steam
>Price rises
>???
>Profit

I WILL be letting you know how it works out, anon, I WILL.

[Anonymous No.26234846]

>>26234020
You can hold it until the project comes out, like most other ICOs. Follow the development, chill with the community members, vote on governance, etc. Farming rates are large now but will be significantly reduced later. You're not going to be making nearly as much BAO if you decide to farm months from now, and eventually farming will be phased out and the only way to earn BAO would be creating synthetic assets with the token; which is its main purpose.

Bao Finance currently plans to add:

>Synthetic assets to Sushiswap based on Sushi LP tokens.

>Margin trading and limit orders to Sushi based on staked LP tokens.

>Lending pools created on Sushi tokens.

>Options/Perpetual Futures to Sushi based on staked LP tokens.

>Auto-balancer systems so users can balance their synthetic assets, futures and LP tokens.

tl;dr - farm this now, you're supposed to use them later when the project develops. You're NOT supposed to buy aside from your initial farming stack and the current price action reflects this. If you're iffy about BAO's short term price then just stake another pair and don't spend a single dime on BAO.

[Anonymous No.26234936]

>>26234846
So if I have a million Bao tokens, am I better off converting and staking them or holding them until it moons?

[Anonymous No.26235004]

>>26234821
They still don't get it. I'm at 12m farmed and I'm farming with almost nothing. By the time the synthetic assets and sushi integration pan out I'll have 100m farmed. It doesn't matter if the price gets pummeled the entire time, I'll still be far above my buy in by farming an altcoin I wanted to hold anyways kek

[Anonymous No.26235018]

>>26234846
So everyone's just going to end up with enormous bags they can't sell? LOL

[Anonymous No.26235028]

>>26233924
how much are you farming? image is meaningless without knowing that

[Anonymous No.26235076]

>>26233482
this.

[Anonymous No.26235124]

>>26233753
wait i have 3 million BAO, you telling me that hodling them means nothing? wth

[Anonymous No.26235177]

>>26235018
No, because the token won't unlock all at once, it unlocks over three years after a specific block is hit, which should be around December.
The token is released linearly, so that means you get a set amount per day. Whales can't dump even if they wanted to.
>>26235004
Indeed. It's frustrating trying to explain. I have realised that the true genius of this method of distribution is that it filters out the low-IQ people who can't figure out to farm, or the deeply cynical who simply want to see everything fail.
The only people who the token is being distributed to is people who have can see more than three feet ahead of them, and want the project to succeed.
That the tokenomics basically incentivise that in a huge way is a bonus.
Just stop trying, though, dude, it'll be funnier when they all realise what a mistake they made in 6 months time.

[Anonymous No.26235217]

>>26235028
I would estimate he's farming anywhere between 8-12k dollars worth of liquidity depending on the pool he is in.

[Anonymous No.26235315]

Why do some tokens offer more APY than others? Is it beneficial just to go for the highest APY?

[Anonymous No.26235327]

>>26235217
Oh, over TWO DAYS, my bad. Half that then, $4-6k.

[Anonymous No.26235373]

>>26234936
Better off staking them because the distribution method is meant to fuck over whales who just buy a bunch and hold. You're supposed to make a shit-ton of BAO at this stage, cover your gas fees with the 5% harvest return (if you want) and keep the rest building more BAO. 95% of it is locked until December, and by then the project will have reached fruition.

It seems long but keep in mind this is meant to mimic if you were an early investor who got in pre-ICO and had your tokens locked. BaoMan is literally giving us all early access to his project and people are confused as to why it's designed this way. There is no rugpull, you're supposed to farm billions, there will be token burn later to offset the amount we're farming now, and you're supposed to be involved with the project in the upcoming months to help with its growth. The price of this isn't supposed to move upward short term because you're EARLY to get in on the project now.

You CAN buy and hold but you may not get the returns you're hoping compared to those of us who will just be farming for months.

>>26235028
>>26235217
Nope. Just $2.5k. I have a good pool and don't want to have more people use it, but there are plenty of high yeilding pools to pick from. The point is to show you that within 5 days you can definitely make your gas fees back from just 5%. Gas fees are going to be pretty much eliminated in about a month because the dev is moving the project to xDai.

>>26235124
Are you farming them? Or just actually holding them in your wallet? It's still worth something but you're supposed to be farming with that 3m. Provide liquidity on Uniswap and stake that BAO.

[Anonymous No.26235375]

>>26235177
To clarify my point. I'm farming with $1000 of eth-(top200alt). My buy in is gas only plus fees for exiting/harvesting only. These posters just don't understand limiting exposure to bao itself is an option and a good one for poorfags.

[Anonymous No.26235415]

>>26235373
>Nope. Just $2.5k
Holy shit my pools suck lol

[Anonymous No.26235521]

>>26235315
The APY is calculated based on how in demand those pools are. Some pairs are actual shitcoins that won't really do you much good to purchase just for the sake of staking. Some pools will be removed by the end of the month because literally nobody uses them and they're diminishing the return on active pools by being there. You want to pick a pool that has high APY but isn't something you'd have to be retarded to buy. The reason why there are so many pools is to make this as easy as possible for people to get into - so even if they just have random shitcoins in their wallet they can stake those and farm BAO.

[Anonymous No.26235609]

>>26233753
This is retarded.
As If crypto wasn't already confusing, now I have to farm it? Fuck you faggot.
>Ye mate I'll buy some food just let me got get my crop.
>>Retardedly long convoluted process of getting my money
Inb4 "uh you're just a retarded because you didn't take time to understand my super fucking stupid process of holding money hehehe"
No, no ones going to want to go through this shit.

[Anonymous No.26235610]

>>26233924
Comfiest shit ever I don't even think about the price. This will scale to be proportionate with sushiswap mcap ($847,869,152). Right now mcap is $2,811,728. Easy

[Anonymous No.26235625]

https://snapshot.page/#/baovotes.eth/proposal/QmUhvR5UvU4Pig73RGMEtDNvAEGdpYVZoUhBndgyALFCQZ

Here are the pools being removed by end of month by the way. Don't use any of these listed. Also some pools are going to get buffed while others nerfed. This is all community voted on, so you won't have this kind of thing randomly happening and fucking you over. Baoman discusses every and all developments with us with full transparency before putting it up for a vote.

[Anonymous No.26235722]

>>26235609
Suit yourself, not a very difficult process really. Farming isn't a new thing this token created, you should be somewhat introduced to it if you've been here for more than a few months. This is the most fair distribution method to ensure whales get fucked and people stay invested in the project long term. On top of earning BAO, you should be earning 0.3% from providing liquidity to Uniswap. At least learn about liquidity providing for your own sake, it's like crypto dividends.

[Anonymous No.26235730]

This project is a sure 20x, minimum, if it goes as planned.

[Anonymous No.26235751]

>>26235521
So if I wanted to be really safe I could do the USDC pool, and basically have all my gas fees covered by what im getting through the farming? And If I really believe in the project I could get BAO directly itself to make more of it instead of being safe?
>>26235609
Youre retarded. You sound like how people disbelieved in bitcoin when it started because it had to be mined with electricity. This is how normies get shooken out at early phases and real money is made

[Anonymous No.26235868]

>>26235609
>Inb4 "uh you're just a retarded because you didn't take time to understand my super fucking stupid process of holding money hehehe"
No man, one of the perks of defi is that you can make money off your holds by keeping your crypto pairs within liquidity pools. It's actually common thing because rewards can beat interest rates. We're farming BAO by providing liquidity which has no downside other that impermanent loss, which is a known risk.

[Anonymous No.26235893]

>>26233979
my SUSHI is up 400% in the past few months with bentobox on the way. and L2 in q3 or q4. Imagine being this retarded.

[Anonymous No.26235913]

>>26233354
Didn’t some anon buy like 200k$ worth of bao the other day

[Anonymous No.26235927]

>>26235751
>So if I wanted to be really safe I could do the USDC pool, and basically have all my gas fees covered by what im getting through the farming? And If I really believe in the project I could get BAO directly itself to make more of it instead of being safe?
Pretty much, although the non-bao pools APY are pretty good right now.

[Anonymous No.26235986]

>>26235521
>Pools to Remove:
>These pools have drastically under performed, or are from dead projects, or are mostly empty and used by people just to dump $BAO on the community.

>Removing them means setting their weight = 1. They will always exist in the contract, and will stay in the UI for the next few months just showing 0% APY. (Rocky is working on a section for archived pools)

>If approved these pools would have their weight set = 1 before the next halving.

>REQ

HAHAHAHA

[Anonymous No.26235989]

>>26235751
Yes, but only 5% of the farmed BAO will be unlocked for immediate use. The rest is on token lock until December to prevent dumping. Most people just use the 5% to pay for fees because ETH is ass right now. But you could recycle that 5% to start staking it, if you've earned a lot.

[Anonymous No.26236698]

>>26235868
>>26235722

Ignore the retard. I am curious 95% is released at a later date. What confuses me is how this will be airdropped to wallets in the future? This is already an issue for the 2/3 vested 6 month SUSHI.

I read the docs. Its just one chink as a dev? I am worried that this guy is a moron or going to fuck us; but its LP's on UNISWAP so nothing really to worry about no? Did anyone look at the source code or is it just a fork of SUSHISWAP for now?

These stupid little projects usually develop a nice community in the long run (ie sushiswap, SNX)

I see boringcrypto and 0xMaki are on board after reading the sushiswap forums. Is BAO.finance chink or jap? I trust the Japanese but I get a feeling this guy is Chinese because he is just copying everyones code... lol.

I'd rather supply liquidity to SUSHISWAP any idea when they will move pools?

[Anonymous No.26236803]

>>26236698
I strongly suspect baoman knows one of the sushi devs IRL. Maybe he's like a cousin or something. Sushi devs are working hard and have an opportunity to create generational wealth so I seriously doubt they would integrate a shitcoin from a dev they don't know/trust.

[Anonymous No.26237107]

>>26236803
I just checked bao.finance docs and the first line is Chinese. 0xMaki is Japanese, and BoringCrypto is a white dude. So they are not related.

I think I will jump on this project when bao.finance is integrated in SUSHISWAP. Until then I will have to pass; furthermore, the fees for early withdrawal and shit are pretty steep.

This project does seem solid for a single dev, who is quite ambitious. I'll jump on this in the future. Thanks anon for putting it on the map interesting project.

If you provide to a uni LP are you still collecting the fees? or Does BAO.finance get the fees and you get BAO?

[Anonymous No.26237127]

>>26236698
Dev is German, and speaks 3 languages. As part of the deal he's getting guidance from Sushiswap, who wants the project to succeed since it'd be mutually beneficial for their platforms and they already gave him grant money. The source code is just a Sushi fork for now, yeah. There's not any risk of anything - if you trust Sushiswap you should have no issue with Bao. They want him to succeed, and he wants us to succeed.

>I'd rather supply liquidity to SUSHISWAP any idea when they will move pools?

Currently his top priority, actually.
https://snapshot.page/#/baovotes.eth/proposal/QmPJqjeTrMEP1qXck3KHcemMzQEzB3T2tWCCwP7yCex3xC

If you really want, you can wait out until they move over to xDai and add Sushi integrations, which should be next month if all goes as planned. There will be very little gas fees when it's moved over to xDai.

[Anonymous No.26237137]

>>26236698
> Its just one chink as a dev? I am worried that this guy is a moron or going to fuck us; but its LP's on UNISWAP so nothing really to worry about no? Did anyone look at the source code or is it just a fork of SUSHISWAP for now?
He speaks English, German and French. I know his English is pretty decent. I think he's German. Some other anon said he has actually spoken to him via discord voice chat and he said he sounded German.

[Anonymous No.26237178]

>>26237127
Well what if he dies or loses interest in his pet project?

[Anonymous No.26237180]

>>26237107
You still get fees for providing LP. Bao doesn't get a cent of that, it's all yours. The only fees are the standard deposit and withdrawal fees that you'd see on any other farming app, which you can pay off with the harvested 5% return pretty easily.

[Anonymous No.26237182]

>>26236803
the partnership states that Sushi has devs specifically helping baoman including any mentorship he needs, including finding devs.

they aren't going to let this die, they want what he's working on. Synthetics will be huge for Sushi. And at the rate I'm accumulating, they'll be huge for me too ;)

[Anonymous No.26237240]

>>26237178
he set a proposal for 250k salary, i doubt he's losing interest. this will make him a millionaire.

[Anonymous No.26237253]

>>26237178
I mean...what if any solo dev dies? YOU DID CLAIM HAIRCOMBS SIR?

[Anonymous No.26237275]

IT'S MOONING

$0.001 HERE WE COME

[Anonymous No.26237360]

>>26237275
pamp et

[Anonymous No.26237361]

>>26233482
I picked both, feels good man

[Anonymous No.26237628]

>>26237182
What LP pool are you using? I just looked at unsiwap info and checked some Lp's 0x addresses for eth/bao. Quite a few fat 200k plus addresses moving on this.

Let me know what pools you are in; thanks anon.

[Anonymous No.26237648]

when is it too late to farm this shit

[Anonymous No.26237730]

Oh WOW, a dead cat!
>rug in 3, 2, ....

[Anonymous No.26237748]

>>26233457
Just hold LCX. Not one person said it was a quick buck. It’s always and still is a long term hold.

[Anonymous No.26237969]

>>26237748
everyone here wants a 10 minute moon.

mother fuckers, bitcoin took 11 years. we are asking for ONE.

[Anonymous No.26238016]

I'm still farming.

[Anonymous No.26238254]

>>26238016
>t. Cuck

[Anonymous No.26238302]

>>26238254
Cringe.

[Anonymous No.26238329]

I told you it was too cute to be true

[Anonymous No.26239252]

>>26238302
Nigger

[Anonymous No.26239669]

>>26233500
Don't use Ushio and Hamakaze, or fatalpulse for that matter, to shill your coin.

[Anonymous No.26239846]

>>26239669
I fucked you're waifus.

[Anonymous No.26240513]

Is there any benefit from voting on new changes? The good stuff seems to be winning by large majority.