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/biz/ - Business & Finance

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28959439 No.28959439 [Reply] [Original]

Is this shit a scam? I've seen it mentioned on /biz/ several times already, but I can't wrap my head around it. The tech looks solid, team is doxxed, but the manner I've seen it shilled in here makes me feel a bit uneasy. What's your take on this /biz/bros? Should I get a bag? Price seems to be stable at the moment.

>> No.28959758

Not a scam. Yes, get a bag.

>> No.28959950

>>28959439
this is a shill post, the more ou lurk frens youll recognize them

>> No.28960020

>>28959950
Lil too obvious kek. Anyway I came to look for a trdl thread and wanted to add that this is underrated as fuck

>> No.28960082

>>28959950
How is this shilling if I'm just trying to get an answer here? You think this is a scam too?

>> No.28960134

yes it is a scam. every thread is super forced. think about anon, they want to destroy your bitcoin in exchange for their erc-20 token.

>> No.28960135
File: 187 KB, 1224x857, galaxy brain strudel.jpg [View same] [iqdb] [saucenao] [google]
28960135

>>28959439
not a scam anon. I understand, the shilling seems crazy sometimes. but I promise you its legit. core sushi dev, tech is 100% functional. TG is a little too professional actually. everyone is loading up in anticipation of marketing and v2 after confirming that the wrap/burn functionality does in fact work as intended. farming also lucrative af.

>> No.28960267
File: 498 KB, 1200x934, Strudel 4 frens.png [View same] [iqdb] [saucenao] [google]
28960267

>>28960134
>Not wanting to stake,pool, or lend your useless boomer coin

ngmi. Buy some Chode or mcdc faget

>> No.28960309

>>28960134
lmao what. you exchange bitcoin so you can get a erc20 token and access more defi potential. what the fuck does bitcoin do for you just sitting in your wallet if you aren't a strict hodler. also I don't know if you can wrap your retarded foldless brain around the fact that if you wanted your BTC back, you can just exchange the vBTC for eth or something and buy it back

>> No.28960422

Yes you should DEFINITLY invest in a STRUDEL coin, and while you are at it, buy some DOGE and MCDC!

>> No.28960566

>>28960309
In that case, what's stopping me from selling my BTC for ETH and entering DeFi that way?

>> No.28961068

>>28960566
Because the btc has it's own value in the normie sphere. Having it pegged and in defi can get you returns instead of hodl.

>> No.28961261

>>28960082
yes?

>> No.28961510

>>28960135
>farming also lucrative af.
can someone explain IL like at retard level.
is it really
>if one side increase in value, you loose on the other side
or is it a dollar wise?
i hate that i can't get this, it seems just out of reach

>> No.28961610

>>28960566
BTC is good SOV and is easy to use as collateral.

>> No.28961706

>>28959950
>>28960134
>>28960309
>>28961068
shills vs shills shilling shills, the good old classic. might get a small bag if this is gaining so much attention though. you never know.

>> No.28962339

>>28961510
Trying to wrap my head around it as well. Heard of the farming potential; after looking into it, seems very highly profitable but hard to understand.

>>28961610
You have a point there.

>> No.28962703

>>28962339
>>28961510
i got no time right now frens, but google "impermanent loss" and you will get it eventually.
If the APY is high though, it outweighs the IL.

>> No.28962713

>>28959439
I am in with over 300 of these lil niggas and you know my strudel stock be doin somethin

>> No.28962787

>>28959439
Yes but it’ll moon because the memes are fire

>> No.28962977

We can already swap BTC/ETH on lighting network so why the fuck I need this?

>> No.28963602
File: 77 KB, 750x1000, 1613073095872.jpg [View same] [iqdb] [saucenao] [google]
28963602

>>28962977
Are you pretending to be retarded mate?

>> No.28963844

>>28962703
yeah, the more i read, the more i am like wtf, this is horrible and you almost always loose...
except if the farm is paying lots of tokens...which it happens to be rn...
its not what i thought, its hold in wallet vs provide LP...

>> No.28964255

>>28963844
fyi, this is the plainest explanation i can find
https://blog.bancor.network/beginners-guide-to-getting-rekt-by-impermanent-loss-7c9510cb2f22

>> No.28965280

>>28962977
Don't be a joker, Lightning Network barely works. If it did, we wouldn't have wBTC and the rest.

>>28964255
Thanks, good read. After digging through, I've come to the conclusion that farming TRDL is very profitable when the price is stable... not so much if there's a rapid change in the price.

>> No.28965795

>>28965280
>Thanks, good read. After digging through, I've come to the conclusion that farming TRDL is very profitable when the price is stable... not so much if there's a rapid change in the price.

https://apy.vision/#/

very useful if you are already staking. according to this I have IL on the eth side of my stake, but the farming side is way up if i sold the trdl

>> No.28966914

>>28965280
Farming trdl puts you at risk of IL when trdl pumps. But farming the vbtc-eth pool has much lower risk. Hold the big daddies which move more slowly and often together and then you just farm and hold trdl.

Plus when you burn btc for vbtc you get bonus trdl as a reward. I don't understand why more people arnt minting vbtc, if I wasn't all in id be doing this non stop

>> No.28967848

>>28960566
Look at ETH's price chart and then back at BTC's. Why exchange BTC for ETH when you can exchange it for something pegged to BTC's price that you can lend, pool, stake, etc? That's why.