/LPG/ - LINKPOOL GENERAL

[Anonymous No.27242623]

Ask any questions you may have regarding linkpool and i will answer them.

[Anonymous No.27242708]

>>27242623
what did Mat mean by that? when is soon?

[Anonymous No.27242873]

>>27242708
I think this will be part of the swap to eric20 and that swap was scheduled for january 2021, so if I had to take a guess i would say very soon, maybe sometime in the next 2 weeks?

[Anonymous No.27242883]

>>27242623

I have 1.5k LINK. will I be able to stake some and make some passive income this way? Will it be easy and secure to do? Is there a minimal amount of time your LINK needs to be staked?

[Anonymous No.27243162]

>>27242883
It is highly probable that you will need LP tokens to use that service mat is talking about. There is no minimum of LINK needed and it will be one of the most safe integrations because some people of the linkpool team are working in the core chainlink team.

[Anonymous No.27243192]

>>27242873
how will the swap happen, do I have to do anything during the swap? will the old DEX still ne in use after the swap or how will it go on from there?

[Anonymous No.27243434]

>>27243192
You will not have to do anything, tokens will be airdropped to your adress. After conversion the LP dex will probably be taken down and trades will happen through uniswap & co or cex

[Anonymous No.27243639]

>>27243434
ok so I'll still be getting my rewards every 2 weeks + the rewards from my link doing dat work?
How is that handled on the other platform that all token holders get rewards? I mean doesn't that make it a little moe risky since there is no linkpool dex anymore that is only controlled by the team?

[Anonymous No.27244084]

>>27243639
Yes to your first question and im not sure im understanding your second question right. But what i can say is that you will have to put your lp into a pool to gain rewards after erc20 conversion, this means people wont get rewards if they have their tokens on some sort of exchange.

[Anonymous No.27244254]

>>27242623
Stake the equivalent of a fuck you money stack
get 4 LINK every 14 days with Stink pool shares

Park a suicide stack with an insured Romanian scammer get 4 LINK every 14 days

You chose

[Anonymous No.27244302]

>>27244084
ah right, I understand it now. I guess there will be a nice article written about the stuff before or after the erc-20 swap happens

[Anonymous No.27244472]

Hi, small linkie here who hasn't been paying attention since 2017. Can any anon explain what's the plan here?

[Anonymous No.27244941]

>>27244472
Linkpool is the best performing chainlink node. You can buy shares of linkpool and get revenue in link every 2 weeks.

[Anonymous No.27245437]

>>27244941
The swap will happen and hopefully more liquiditiy with it. He mentions that Link tokens will be used in the release, that does not match with just the linkpool to erc20 swap. So it might be something in addition.

What is the current supply of linkpool in circulation and all LP available?

Does it make sense to buy LP, if one has some link already? I will be happy to wait some months for alternative stacking pools to come up after Linkpool.

[Anonymous No.27245443]

>>27244472
Lurk moar

[Anonymous No.27245768]

>>27242873
>was scheduled for january 2021
Q1 2021*

>>27243434
>>27243192
>tokens will be airdropped to your adress
They said they were thinking on an active migration approach, similar to how LEND->AAVE did it. You change current LP for nuLP and oldLP gets "burned". Current DEX gets deprecated.

>>27243639
>ok so I'll still be getting my rewards every 2 weeks + the rewards from my link doing dat work?
No. You will have to "lock" (or stake or whatever you want to call it) your new LP tokens in a contract and you receive stkLP, a derivative token that represents your right to receive LinkPool rewards. If you unstake it, you won't receive anything. Once the conversion happens your "LINK" in the contract will increase in the form of a derivative token (exactly as Aave and aLINK). So instead of the LINK being airdropped, you can withdraw it from the contract whenever you want and you will see your lpLINK increasing live.

>>27244302
yes

>>27245437
>What is the current supply of linkpool in circulation and all LP available?
4000 existing LP tokens. The ERC20 conversion will re-split the nominal token by x25 or x250, still hasn't been decided yet

[Anonymous No.27245832]

>>27245437
4000 linkpool shares in existance and 1000 are publicly available, the rest will stay in the hand of the team. Ofcourse it makes sense to buy LP if you have link. Other staking pools will probably use the staking contracts of linkpool and linkpool token holders will get a share of the revenue of every link staking platform. https://medium.com/linkpool/creating-trustless-pools-and-staking-for-all-266451277e3f

[Anonymous No.27246255]

>>27245832
Here's a question from an LP holder. If Linkpool handles the staking contracts for other nodes as well, why not just offer staking for those nodes through Linkpool, increasing the Linkpool - and LP holders' - revenue?

The devs have said that staking your Link on Linkpool will be exclusive to LP holders indefinitely, which makes me think this is currently not the case.

[Anonymous No.27246501]

>>27246255
That is exactly what they are doing though? They will offer the contracts that other link staking providers will build their platforms on and LP holders will get a piece of the revenue from these platforms.

[Anonymous No.27246626]

>>27242873
2/16

[Anonymous No.27246885]

>>27246255
I suggest reading this article: https://medium.com/linkpool/creating-trustless-pools-and-staking-for-all-266451277e3f

They will allow other nodes to become pooled nodes in a plug & play manner by allowing them to use their node tokenization audited contracts in exchange for a fee that then will be distributed among LP token holders.

[Anonymous No.27246983]

>No. You will have to "lock" (or stake or whatever you want to call it) your new LP tokens in a contract and you receive stkLP, a derivative token that represents your right to receive LinkPool rewards. If you unstake it, you won't receive anything. Once the conversion happens your "LINK" in the contract will increase in the form of a derivative token (exactly as Aave and aLINK). So instead of the LINK being airdropped, you can withdraw it from the contract whenever you want and you will see your lpLINK increasing live.


Sorry, never used any defi platform. Can you please make it clearer? So I stake my linkpool, and I get rewards in the form of stkLP. OK, so then I sell these stkLP to fiat? I don't get it

[Anonymous No.27247134]

>>27245768
I thought the token swap was planned for sometime this year, when did they switch it to Q1? Not complaining since that would be fucking awesome, just curious as a fellow LP holder

[Anonymous No.27247930]

>>27247134
Q1 2021 stands for "First quarter of 2021", that means between January and the end of March.

>>27246983
>Can you please make it clearer?
Ok. So basically, right now, if you hold 1 LP you get 1/4000 of the LINK that Linkpool's node and other services are earning. It's airdropped every 14 days to your account holding LP.

>So I stake my linkpool, and I get rewards in the form of stkLP.
No. Let me give you an example of how it's going to work once the ERC20 swap happens: I have 1 LP. I stake it / lock it in their new contract, then in exchange I receive 1 stkLP (basically a representation of my right to withdraw my locked LP token). If I ever want to sell it or withdraw it from the contract for whatever reason, I switch back the stkLP token to my original LP token, but then I will lose the right to receive any LINK rewards.

Once the new LP token system is enabled, if my 1 LP is staked, I have the right to withdraw myself (instead of being airdropped) the LINK whenever I want.

[Anonymous No.27247959]

>>27246983
You swap your stkLP back to lp. Your stkLP only shows that you have deposited LP in the pool and to get your LP back from the pool you need to trade in your stkLP

[Anonymous No.27248027]

>>27242623
what wallet do you store your links in?

[Anonymous No.27248026]

>>27246501
>>27246885
Thank you for answering, anons. So I had misunderstood. If I'm reading this correctly, the staking on Linkpool's nodes will be exclusive to LP holders indefinitely, but people can still use the Linkpool app to stake to 3rd party nodes (and any othe staking pools provided).

[Anonymous No.27248025]

>>27247134
I missunderstood your question. Q1 was always the goal for LP team since Mat said it for the first time

[Anonymous No.27248124]

>>27248026
I'm happy to help and yes, you understood it correctly

[Anonymous No.27248185]

>>27247930
>>27247959
Thanks anon, so now I understand what the stkLP does. Now, if I have 1 stkLP and I want to stake Link, with it how does it work?

[Anonymous No.27248214]

>>27248027
Im using a ledger. I would recommend to everyone to get a hardware waller or look into airgapped linux laptops to create wallets.

[Anonymous No.27248270]

I have 1400 LINK. How do I buy/store LP? How much do I need?

[Anonymous No.27248367]

I fomod in recently. I hope you og linkpoolers don't dump your fucking bags on me
>t. 2k LINK/.20LP linklet

[Anonymous No.27248448]

>>27242623
>linkpool
send me your LINK an I'll double it

[Anonymous No.27248511]

>>27248270
You can buy linkpool here: https://staking.linkpool.io/dex
Their estimate is that you will be able to stake 10k link per LP after 1 year of staking release.
>>27248367
Welcome fren you made the right choice and no i wont dump my bags anytime soon.

[Anonymous No.27248538]

>>27248270
LinkPool currently costs around 3 ETH/$4k for .04(smallest unit) it will be likely be further divisible after the ERC20 swap. The general consensus is that its 10k LINK/LP
So 1.4k LINK would need .14 LP, but right now you can only get .12 or .16

[Anonymous No.27248722]

>>27248185
Staking isn't live yet and nobody knows when Chainlink will release it. It's essential to avoid mistaking DeFi lending services (in which a pool or a contract borrow your LINK and they pay you a certain interest for such loan) with actual Chainlink staking, in which a node places a LINK stack at stake as a cryptoeconomic guarantee if they send bad data (that's the staking everyone is really excited about).

Once staking is live, if you want to stake LINK you first lock your LP (and obtain stkLP) and then you will be able to deposit a certain amount of LINK (which limits are determined by the amount of LP you lock). That LINK will be used as collateral by Linkpool node so they are eligible for profitable data requests that require a high LINK collateral stack.

Furthermore, rumours are that there will be different tiers of staking (a minimum amount to participate in price feeds and higher and additional amounts of LINK collateral for specific Service Agreement data requests

[Anonymous No.27249039]

>>27248722
>rumours are that there will be different tiers of staking (a minimum amount to participate in price feeds and higher and additional amounts of LINK collateral for specific Service Agreement data requests
That sounds so fucking bullish

[Anonymous No.27249158]

>>27245768
4000 total, 3000 belonging to the team, 1000 available from the ICO

0.12 LP is quite literally a make it stack

[Anonymous No.27249463]

nulinker here. Thanks so much for the thread. If I buy 0.04 LP, how much can I expect to receive every 2 weeks?

[Anonymous No.27249536]

>>27242623
Happy to provide 1-1.5LP bid side liquidity rn, lmk if you want to sell

[Anonymous No.27249764]

>>27248722
thanks, I know I sound like a newb but I know this, and that's why while I'm reluctant to stake in Defi as I don't like the risk, I would be willing to stake link (I'm ok with my Link acting as a collateral in a pool). I was just curious of the mechanisms, because as of now, when you have an LP, Link is airdropped to your wallet address; this makes sense since you can write a contract that sends a certain amount of link to all the wallets holding LPs.

But if now my wallet has a stkLP, and I need this to get my LP back, how will the contract know how much rewards I am entitled to? Are each stkLP different and indicate how much time the LP was staked?

[Anonymous No.27250258]

>>27249536
Im not selling, sorry fren. But i think if you are posting a fair order then someone will fill it.

[Anonymous No.27250482]

>>27249463
You go here:
https://market.link/nodes/eaa65e96-c498-4af6-a682-47ff9951f75f?start=1611504548&end=1612109348
And then you have to set the date to the last 2 weeks and then you take the total earnings, divide them by 4000 (bc there are 4000 shares) and multiply it by 0.04 (bc you have 0.04 of a share.)
It was 5.95 link per LP last payout if i remember right.

[Anonymous No.27250522]

>>27242623
are there LP holder ranks? what's a suicide, comfy, or make it stack?

[Anonymous No.27250757]

>>27250522
Yes there are but im too lazy to look for one in my folder rn sorry. 0.04 is a suicide stack, make it stack i would say is having the 10k link per 1 LP ratio.

[Anonymous No.27250777]

>>27249039
>>27248722
>rumours are that there will be different tiers of staking (a minimum amount to participate in price feeds and higher and additional amounts of LINK collateral for specific Service Agreement data requests

you would think that a 15k stack would be enough for a high tier, right? Coupling that with 1.4 LP shares. Fingers crossed.

[Anonymous No.27250849]

>>27242623
is it too late to buy link?

[Anonymous No.27251174]

>>27250849
No its not too late, the network isnt even fully online yet. You are still pretty early.

[Anonymous No.27251280]

>>27250777
checked

[Anonymous No.27251649]

Dumbfag here please take pity
Where exactly and how do I buy linkpool? Is it like buying chainlink? Plz respond

[Anonymous No.27252062]

>>27251649
You have to install metamask in your browser and then go to this site.

https://staking.linkpool.io/dex

There you can buy LP with ETH. You either post a buy order and wait until somebody fills it or you fill a sell order and then you have your LP instantly.

[Anonymous No.27252118]

>>27242623
reminder that you do not need lp to stake your link

[Anonymous No.27252192]

>>27252118
not for a long time anon, it will be a year+

[Anonymous No.27252579]

>>27252062
I need eth to buy LP? Why does this feel like I’m being fucked with

[Anonymous No.27252640]

>>27252579
because you are a newfag

[Anonymous No.27252905]

>>27252579
Go to their telegram channel or check them out on twitter if you dont trust me. Johnny also gave a talk at the last smartcon, its on youtube. Go check it out.

[Anonymous No.27253128]

Is there anything known about the ratio of LP versus LINK that will be required to fully use all your link?

[Anonymous No.27253154]

Do you guys have pic of a pasta qrd of link like there is for grt I could shill to my friends off chan?

[Anonymous No.27253262]

>>27253128
Maybe try reading the thread?

[Anonymous No.27253325]

>>27253262
>reading the thread
shiggydiggy

[Anonymous No.27253434]

>>27242623
Reminder that currently LP is insanely overvalued, with 1LP worth 6000 link, and the dividend reward APY right now is a measly 1% even though rewards are at an all time high

[Anonymous No.27253542]

Here is the youtube vid i was talking about.

https://youtu.be/JZx7AeffCeI

See how based he looks?

[Anonymous No.27253694]

>>27248511
>Their estimate is that you will be able to stake 10k link per LP after 1 year of staking release.
ah yes I found that as well:
>From 6–12 months: 10 million+ LINK staked on our node (Over 10k LINK per LinkPool Token)
I have 20k link so that would require 2 LP tokens, at 90/eth per LP so 180 eth or about 230k USD, to stake all my link. I'd probably be better off just hiring some software engineer to build a node for me lol.
Will be interesting to see what the price does after conversion.

[Anonymous No.27253787]

>>27253434
LP is not just about staking you absolute dumb fucking moron, either you are new or trolling

[Anonymous No.27253860]

>>27253434
Its undervalued if anything
>>27253694
There was talk about letting LP holders stake their full stacks before opening the pools up to normies.

[Anonymous No.27254183]

>>27242623
why would anyone get 0.04lp instead of ~4.8K link?

[Anonymous No.27254201]

>>27252905
I will thanks
>>27252640
Fuck you nigger I was here before habbo was even a thing I’m just being cautious with my money

[Anonymous No.27254324]

>>27253860
>There was talk about letting LP holders stake their full stacks before opening the pools up to normies.
I think it's just impossible to tell at this point. It depends fully on how much link it even makes sense to stake once nodes are up.

[Anonymous No.27254343]

>>27254183
0.04 LP costs 3.074 ETH which would buy you 180 LINK

[Anonymous No.27254357]

>>27253434
..before staking. Some point people can freely stake with LP, with LP keeping 25% of it and divvying it out proportionally to LP token holders.

Holding it will give you access to staking with them long before this point though, when the rewards will be higher because of the limited amount of people having access to a source to stake. Meaning if you have the link to stake, you'll make big hains on it in the short term as this slows down, at which, at some point, it goes public, and then you benefit from non holders contributing and you get a proportion of that 25% total stake for LP holders

Win/win, short/long term

[Anonymous No.27254428]

Im still pissed burgers cant legally own LP securities. I guess im just gonna buy link tokens and see where i am in 10 years and again at 20.

[Anonymous No.27254466]

>>27242623
its a scam.

[Anonymous No.27254875]

>>27254466
How do you explain that multiple people on the linkpool team are also working for chainlink?

[Anonymous No.27254977]

>>27254875
stop spreading lies, they are not

[Anonymous No.27255061]

Cheers for the thread.

My question is about number of linkpool nodes. Any idea how many nodes LP plans to run? And once staking goes live, how to decide which node to stake link on intially?

[Anonymous No.27255064]

>>27254977
That is outdated. Go on the chainlink site and look for yourself.

[Anonymous No.27255415]

>>27242623
Seriously?

[Anonymous No.27255555]

>>27255415
It's fucking real...
I don't feel so good, what is going to happen when we all make it for real?

[Anonymous No.27255916]

>>27255555
fugin checked

[Anonymous No.27256029]

>>27255555
Quinto quint!
What are you going to do?
You're going to eat the finest fucking tendies carefully selected by a world expert tendie sommelier

[Anonymous No.27256046]

>>27255555
those digits

[Anonymous No.27256551]

>>27255555
Checked

[Anonymous No.27256636]

>>27250482
are you sure this is correct? it shows rewards, but i guess you have to eliminate costs for running nodes from that amount. or i'm gettin that wrong ?

[Anonymous No.27256858]

>>27255555
Checked!

[Anonymous No.27256909]

But i have only accumulated a meager 90 LINKIES

[Anonymous No.27256995]

>>27256636
The running costs are paid by the revenue of the 3000 shares of the team

[Anonymous No.27257066]

Do we have some estimation of what impact staking would have on the currently running contracts?
How much staking insurance would one of the currently running price feeds need?

[Anonymous No.27257777]

>>27256995
neither i want to look a retard or look a fudder.
help me correctly understand, cos i have 2k link and i sold my LP a week ago:
the team pays all the expenses ( i see for example 30 JAN the gas cost was over 32K $) with returns, and the 1K LP not owned by the team get just the rewards ? This seems a little nonsense for me.

[Anonymous No.27258237]

>>27255555
>>27257777
Blessed thread, we are all gonna make it!

[Anonymous No.27258420]

>>27257777
Checked. Somebody please correct me if im wrong but i really think that is the case atm. Maybe it wont stay forever like that.

[UncleOldfag !!zCrZ/jkI3nx No.27258449]

>>27255555
You won't. LINK never crosses $25 again.

[Anonymous No.27258550]

>>27258449
Look who is back lmao

[Anonymous No.27258659]

>>27258449
Most bullish signal ever, its Fuckel Fuck Fag! 1000$ EOY confirmed

[Anonymous No.27259118]

>>27258659

[Anonymous No.27260392]

>>27257777
>>27255555
Checked