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27168314 No.27168314 [Reply] [Original]

Linkpool is now paying out 6 LINK per 2 weeks per Linkpool, or 156 per year.

At $25 per Link, that's about $4k a year.
Linkpool is trading at $130k (95 ETH)

That's a P/E ratio of 33.

For comparison, let's look at some "established", large tech companies:

Apple: 42x
Google 40x
Amazon: 96x

So compared to those, Linkpool already looks undervalued. Yet those are established companies. They are market leaders and have super high market share. Their main source of increased profits going forward is just making more money from their existing customers.

By comparison, startups and smaller companies with potential much larger growth trade at much higher multiples:

Salesforce: 420x
Uber: infinity (Not profitable)
Tesla: 1340x

Which group does Linkpool belong to? Clearly the latter. Linkpool is currently valued at $500m. Cryptocurrency and in particularly smart contracts are a nascent, ultra high growth field. If Linkpool were a company they would be trading at 100x-1000x. That's 3x-30x upside.

On top of all this, if you hold LINK, you'll need to stake in something like Linkpool to get decent rewards.

>but I'll just stake with coinbase or kraken!

No. Learn how link staking works. It isn't just inflationary rewards paid to delegators who do minimal work.

>> No.27168873

>>27168314
Thx for hopium fren. I am one of the 186 yet cannot read stock stuff.

>> No.27169663

Explain this to me like a brainlet

You just give these guys your existing link and they pay you out a certain amount of link per week?

>> No.27169864
File: 23 KB, 256x243, 1609078765752.jpg [View same] [iqdb] [saucenao] [google]
27169864

>>27168314
Did they register as a security?

iirc amerifats cant buy LP because it would count as an unregistered security. But if the plan on erc-20 tokenising, that would mean the registered, r-right?

>> No.27169998

What's the safest way for me to buy at least 1 LP as an amerilard?

>> No.27170601

>>27169998
you cant, read>>27169864

>> No.27170922

>>27169998
Put on a helmet, stop chewing on the crayon, and click BUY.

>> No.27171110

>>27169998
Make a new ethereum account, fund with tornado cash, buy LP.

>> No.27171157

>>27168314
i bought some, but i'm scared that i bought some whales bags. due to the nature of the dex it would be very easy for whales to wash trade and prop the price up.

>> No.27171980

>>27168314
OP, I had a nice conversation with you in the other thread (I was the OP of that one). Good luck shilling your LP bags, I hope you can get out before the ERC20 dump.

>> No.27172268

>>27171157
I have been tracking users on the dex for a while. Most of the sellers are either a) whales that bought in at 1eth/LP and dumping overpriced bags on normies that cant see the price history or b) sad attempts at market making by novice traders. You bought from one of these two.

>>27169864
The team literally has no response to this. I think the ERC20 thing will be a perpetual "coming soon TM" since there is no good way to make a good faith attempt to restrict access to an ERC20 for amerimutts.

>> No.27172296

>>27171980
i don't buy this argument. Just because it's going to be an ERC20 doesn't mean it's going to have any more liquidity. it just removes some legal liability from the team

>> No.27172512

>>27172296

The ERC20 dump is practically a given; if you see the users that have sell orders up, they are all 2LP+ whales that have been trying to get out. When ERC20 happens (if it does at all, see previous comment on my thought on that), the whales will all try to dump at once, now that there is "reasonable" liquidity (there isnt much now, unless you sell down to 42). Furthermore, there wont be enough publicity/public knowledge for new LP buyers to come into offset the amount that whales are currently trying to sell.

>> No.27172774

>>27172512
>When ERC20 happens (if it does at all, see previous comment on my thought on that), the whales will all try to dump at once, now that there is "reasonable" liquidity
why does ERC20 = more liquidity? uniswap requires people to put their LP and an equivalent ETH collateral into the liquidity pool. Who is going to do that? Maybe whales trying to sell their LP will I guess, since that's sort of an indirect way of selling it.

>> No.27172830

>>27168314
Kek, that is less than nexo in basic on a make it stack does

>> No.27172908

>>27172830
fuck thinking about it, a suicide stack at 5% gets you about 2 Link every 14 days. Link pool is a scam

>> No.27172981

>>27172512
how are you looking at the owners by the way? are you just tracking the contract through etherscan?

>> No.27173003

>>27168314
how does LP generate the current LINK revenues they pay out to LP tokenholders since staking isn't yet enabled for LINK? Is it from their operation of nodes?

What are the various revenue streams they have?

Also using the current payout ratio is disingenuous because it's only really been elevated for the last 2-3 periods

>> No.27173088

>>27172774

You're correct, it's unclear if there would be more liquidity as an ERC-20, but this is what normies think who want to buy in but dont have 4 eth. You would also have to define liquidity some way. Right now selling 0.32 on the dex would push the price down 30%, what would price impact be like on an AMM dex? Idk. I'm not sure who would provide AMM lqiduiity in the first place, as that gives up your right to LP dividends - the whole point of owning the token in the first place!

That's why my hypothesis is that there will be a dump shortly before the ERC-20 switch (or if that doesn't happen, definitely right after), as the whales see their last chance to get out at a reasonably certain price

>>27172981
I query an infura node for user ownership and track orders through etherscan

>>27173003
Also using the current payout ratio is disingenuous because it's only really been elevated for the last 2-3 periods

This is definitely true.

>> No.27173174

>>27172512
Good, trying to acquire a position on the DEX is far too expensive so I'll welcome any dump. I also can't see LP holders "dumping" as they're clearly smart enough to have gotten in reasonably early and still see the future value proposition.

>> No.27173288

Just be honest with me guys, is 0.04 LP enough to make it?

>> No.27173416

>>27169864
I do not own linkpool and I don’t advise doing this especially if you’re a dumbass but if you’re smart you could have moved some money they can’t track to buy linkpool and have your rewards sent to a second wallet you don’t send other funds to. Then send that money to yourself and just say you have no idea why this person keeps sending you money. What the fuck are they going to do? At the very least you probably have 5-10 years before they catch up to you.

>> No.27173445

>>27173288
checked. yes.

>> No.27173497

>>27173174
>I also can't see LP holders "dumping" as they're clearly smart enough to have gotten in reasonably early and still see the future value proposition.

Many early LP holders have already dumped or are in the process of trying to. If you have 100x gains you are naturally going to want to take profits, but it's so hard with the lack of liqiduity on the dex. Most of (maybe nearly all?) the sell orders right now on the dex are from early whales.

>> No.27173554

>>27173288
since the poverty-tier nulinker cutoff for a LINK suicide stack is 1k, I think you need either .08 or .12 linkpool to have an equivalent suicide stack

>> No.27173902

>>27173088
yeah i might be an full blown retard for buying at these prices but I'm basically doing it with profits from a play i made about a week ago so it's not going to hurt my bank account at all.

>> No.27173921

>>27168314
(156 {link per year} * 23.46 {link price})/ 130,000 {price of 1 linkpool} = .028 aka 2.8% interest
I make 4.51% on celsius
Am I missing something or are linkpoolers retarded?

>> No.27174052

>>27173921
well, celsius is a literal scam, also link staking isnt live yet

>> No.27174115

>>27174052
chainlink themselves keep funds with celsius you absolute brainlet

>> No.27174166

>>27173921
they are. every boomer stacking service nets more per link than scampool shares

>> No.27174197

>>27173921
What's worse is that it's only 2.8% interest (recently, historically its been closer to 1%) and the price volatility is insane, like 60% a year. So the interest is nothing compared to how much the value of the LP token swings around. It's like buying $GME because you like the $1/share it pays out every quarter.

>>27173902
Probably, hope you weren't the idiot that paid 100eth/LP for a 0.04 lot

>> No.27174219

>>27174052
>celsius is a literal scam
Explain.

>> No.27174313

>>27174166
Not only that, assuming I'm not missing something here, but these retards have only recently started making returns, whereas I've been making interest on my link for almost a year

>> No.27174470

>>27174219
people (i.e. schizos) just think that these earn programs are all a scam despite the fact they've been going on for years
I think it's some mt gox ptsd or something

>> No.27174694
File: 31 KB, 1459x383, Sc_013021_1322.png [View same] [iqdb] [saucenao] [google]
27174694

>>27174313
tell me about it.
pic related is one and a half make it and not even 6 months in interests, all paid in LINK tokens

>> No.27174857

>>27173416

> what are they gonna do?

>Well since you say this fraudulent money is sent to you against your will, I guess you won't be opposed to give it to us so we can burn it anon?

>> No.27174957

>>27174115
JESSICA
KHATER
no thank you
>>27174197
No I am not not that guy, although I probably wont share my entry here as you're monitoring the contract and could find my address

>> No.27175028

>>27174694
I stayed away from nexo because I wanted to wait and see how the zeus drama played out but maybe I'll move some link over to them, I assume you've had a good experience so far?

>> No.27175139

>>27174957
Yeah, it's better to stay anonymous. I don't really monitor small accounts anyway (<1 LP)

>> No.27175152

>>27174957
Imagine letting some ho live rent free in your brain and keep you from making money

>> No.27175335

>>27174115
And Sergey's address and phone number got leaked by Ledger.
Everyone makes mistakes and it's easier to make a mistake when you don't know what you are investing into.
The reason Sergey wanted to develop oracles was to make it possible for a person to verify everything and assure a better system. with definitive truth.
Celsius would have no reason to exist once the DeFi system is fully mature as it would surpass it in every possible metric of efficiency, transparency and safety.

>> No.27175463

>>27175335
what's your point?

>> No.27175481

>>27175028
Happy as cookie with nexo. The memes kept me away as well, but after testing it with a suicide for a month, moved a make it there. No fees for withdrawals and daily payouts. For loans, there are better rates

>> No.27175565

I have 515 LINK can I profit off that at all?

>> No.27176297

>>27173088
>as the whales see their last chance to get out at a reasonably certain price
Lolwut? They want to sell before it goes up?? This whole argument is based on:
>Whales need liquidity to sell
>Whales will want to sell as the erc20 is released so they are going to cause a dump
>so because of this dump that means the whales should sell!
Wtf am i missing here the logic just sounds stupid

>> No.27176551

>>27175463
You don't know what Celsius is doing with your money to get those high ROI and can't check if your funds are still present in their wallet.
This is also how a ponzi scheme works.
You have no way of knowing and are just leaving it out for luck.
If you get a high ROI it means you are taking a very high risk of losing everything.

>> No.27176627

>>27173288
I honsestly think so. I imagine that they will increase the amount you can stake per share will increase as time moves along.

>> No.27176816

>>27176551
I assume chainlink knows what they're doing and they keep funds with them
scared money don't make money

>> No.27176897

>>27176297
You're missing the point. There are whales that want to sell. This is known, just look at the users putting orders on the dex. Right now, they can sell on the dex, for crap liquidity, down to 42, or hope that some person lifts their offer. Or, once ERC-20 is announced, they can sell at whatever price it is on there. Current price is known, future price is unknown (depends on how liquidity is provided). Smart traders like certainty, which is why I think there will be sharp selling pressure before the ERC-20 transition, since afterwords the price is unknown.

Let's say there isn't a dump before the transition. After ERC-20, liquidity on an AMM dex will be garbage, and there will be lots of sellers now unable to work offers, and forced to take liquidity from the AMM dex, which will push prices down harder, since there likely wont be much in the pool (remember, if you provide liquidity you don't get staking rewards, so there likely wont be much pool liquidity). New buyers would need to come to prop prices up, and that takes time, compared to the whale sellers rushing for the exit all at once.

t. professional wall street market maker

>> No.27176947

>>27175565
500 LINK is what I use personally for short term defi plays on yieldfarms with 250%+ APY for a few days to get more LINK

>> No.27177001

>>27176816
You can check the ETH blockchain to take a look at their wallets when you want.
Gamblers always lose everything after some time.

>> No.27177169

>>27168314
> Compared to Apple, Google and Amazon, Linkpool looks undervalued

O rly

>> No.27177185

>>27177001
Every investment is a gamble with the way you're looking at it
following your logic you're destined to lose all your money investing in link because you don't have a 100% certainty that the price won't go to zero

>> No.27177394

>>27176897
I don't see why anyone would provide liquidity to an AMM in the case of linkpool. The interest rate, net of IL would have to be above the actual LP earning rate. Don't see this happening. Unless AMM have gotten better now, haven't been keeping up with the tech for a few months

>> No.27177541

So getting a LP token is not possible for me unless I sell some link. Realistically, if I don't acquire a LP token, where can I stake my tokens? My understanding is that I'll be able to stake my tokens through link pool after a certain time frame after staking is released without having LP tokens.

>> No.27177550

>>27177394
if you want to sell your linkpool for eth you put it in uniswap, then whenever someone buys they take linkpool out and put eth into it. this is an indirect way of selling but it requires a shit ton of collateral ETH too

>> No.27177666

>>27177550
this is assuming people only buy linkpool instead of selling it. it can easily backfire if people decide to sell their linkpool through the liquidity pool you provided, in which case they will put more linkpool in and take your eth

>> No.27178893

>>27177666
Checked

>>27168314
I have over a million USD worth of LP, AMA

>> No.27179276

>>27178893
are you selling? do you have 100k LINK to stake with it?

>> No.27179345

>>27178893
Does you ether address begin with either 0xf91 or 0x122

>> No.27179458

>>27179276
Not selling, I only have an old suicide stack (10k LINK).

>>27179345
nop, and I have never used the dex

>> No.27179574

>>27168314
Stop making these fucking threads faggot. I want to buy another 0.04 and if LP keeps on going I'll be priced out for another month and god knows where the price will be then.

>> No.27179983

>>27179458
If you want to sell I may be able to show you a bid for up to 1LP

>>27179574
Just buy the 0.04 lot offered at 99.9. If you're going to be a pussy don't whine about it here.

>> No.27180168

>>27179458
so assuming you own 10 LP you've been getting around 100LINK/month recently which seems like a decent amount of free linkies. that would cover all my living expenses at least

>> No.27180248

>>27180168
of course thats only recent dividends. i imagine it won't go down anytime soon tho

>> No.27180310

>>27168314
TL;DR if your goal is to accumulate LINK, buying LINK is better. If your goal is to hope to make money off over-inflated LP shares, it's a reasonable gamble to make.

>> No.27180388

>>27180248
It will be lower this payout for sure compared to last 2 distributions, but still higher than before the insane volatility.

>> No.27181099

>>27179983
Appreciate the offer, but I made enough LINK in lp rewards alone during January to pay my expenses for half a year, bought cheap as well so i'm comfy. Being totally honest I would not buy at these prices though. For two reasons:

I believe ETH will outperform LP in the short-mid term and there is too much uncertainty regarding how staking will look like during the first months (i'm positive it's happening this year though). However I don't believe higher liquidity will affect the price too much, there is barely any selling pressure.

>>27180168
I won't sell my LINK either, only staking rewards once it's live.

>>27180248
OCR could make LINK payments decrease because there is barely any gas to compensate, but also increase the number of jobs. So that's certainly a gamble. If I had to bet I'd say Chainlink network's traffic gonna increase

>> No.27181650

>>27181099
>Being totally honest I would not buy at these prices though.

>I believe ETH will outperform LP

These two things don't really add up. Probably want to sell LP for ETH with that opinion

>> No.27181929

>>27179345
I read your posts. When liquidity is low sell side will demand a slippage-premium. This why you get large bid-ask spreads. This doesn’t mean when it becomes an erc20 this premium goes away. It’ll stay until sufficient buy side liquidity comes up to meet this premium. Once this premium is met then liquidity will balance at that price level. After this stage is when slippage starts deteriorating and you’ll see more selling at market which only then decreases the price.

>> No.27182143

Nobody understands how liquidity plays a role in price discovery here. At least figure it out so your money is taken from you like a fool.

>> No.27182412

>>27181929
>When liquidity is low sell side will demand a slippage-premium.

Not really sure what you mean by slippage-premium (I work in professional trading but never heard this term), but right now it's obvious there is less liquidity bid side. This can of course be attributed to more sell interest at the moment.

>This doesn’t mean when it becomes an erc20 this premium goes away. It’ll stay until sufficient buy side liquidity comes up to meet this premium

I agree completely. After the transition to ERC-20 the sell interest will remain, and without sufficient bid interest price will be pushed down. I think this will happen quickly as it's a slow process to onboard enough small-size normies to balance out the immediate sell-side pressure.

>> No.27183364

>>27181650
Not really, because I receive enough LINK to outperform that ETH uptrend and I believe LINK will keep outperforming everything in the mid term. Not worth the risk of swinging.

>>27182143
Top 20 holders own 3500 LP. The circulating supply will decrease since Mat and Jonny will lock part of the supply in a contract in order to build an insurance pool. Non-staked LP will not be receive any rewards. Lack of liquidity will still be an issue after ERC20 conversion. Although I definitely agree with your above post.