/biz/ - Business & Finance

[Anonymous No.49381947]

Is Linkpool really needed for staking? I'm getting nervous I don't have any

[Anonymous No.49381971]

>>49381947

[Anonymous No.49381991]

>>49381947
>The more Link that nodes have staked with them, the better they look for jobs
>Nodes can either buy a shit ton of Link or open staking to NEETs
No. LPL token is not needed.

[Anonymous No.49381994]

>>49381971
Uh

[Anonymous No.49381997]

>>49381947
yes anon you need another token so that Chainlink can work properly. Buy bancor too that's also needed to help it work

[Anonymous No.49381998]

>>49381947
You tell me anon, does this sound like everyone will be able to run a neet node?

[Anonymous No.49382021]

>>49381947
Can someone even explain to me the point of LINK staking other than to just get more LINK for locking it up? Like... I don't get it. And yes I've had link since $2 I am just a brainlet and do what 4chan tells me.

[Anonymous No.49382034]

>>49381991
>>49381997
>>49381998
The thing with these other pools is that if the space isn't limited then the individual apy will decrease with the number of participants (see bancor unlimited pools for instance the apy crashed). Am I missing something here?

[Anonymous No.49382047]

>>49381991
This.

[Anonymous No.49382054]

>>49382034
That's why linkpool needs a token, so access to staking is limited and rewards not diluted.

[Anonymous No.49382080]

>>49382047
>>49381991
There are only 3 possibilities:

A token to limit access like lpl =high apy for stakers
A first come, first served basis to limit access = high apy but will be filled by bots in seconds
No limit to access staking = low apy

[Anonymous No.49382093]

>>49382054
Yeah well that's what I finally realised now too late. The token is actually needed but it's just like a pass to enter the vip pool, hence the pool's closed memes and all GOD Why am I so stupidly slow Fuck!

[Anonymous No.49382112]

>>49382034
That is true, yes. When the time comes you want to find limited ”high reputation” nodes, but you have to be fast because the access is only short period after staking.

[Anonymous No.49382149]

>>49382093
Its not too late yet. Just buy some lpl, it bottomed out.
>>49382112
Have fun trying to beat the insiders and bots to these pools.

[Anonymous No.49382173]

basically nodes need to be subjected to alerters who propose the conditions under which a node may be slashed. neet nodes have every possible incentive to want truth and reward from correct slashing. LPL holders may get access to high yield but neet alerters will get even higher returns for safe guarding the network lpl not needed lol

[Anonymous No.49382185]

>>49382149
How the fuck you think bots are using chainlink nodes? It is ridicilous adjustment.

[Anonymous No.49382239]

>>49382173
You are speculating. Where did they say that alerter will get the highest apy?
>>49382185
What? Don't quite understand what you're trying to say. It's pretty easy to write a bot to check if there are openings in a staking pool, that's why there never was place in the bancor pool.

[Anonymous No.49382252]

>>49382185
He's saying bots will be watching high APY limited pools and waiting for a spot to open up to deposit Link.
I personally do not believe the higher APY would be worth me having to buy hundreds of thousands worth of LPL to stake with them. I would rather just put that money into Link and stake with another node.

[Anonymous No.49382273]

>>49382021
Lookup what super linear staking is and its purpose in securing node integrity.

[Anonymous No.49382286]

how much rewards per year are in for me with 1000 LPL and 400 staked linkies?

[Anonymous No.49382287]

>>49382239
Yes, but you do understand that the chainlink staking mechanism isn’t like bancor at all? You can’t use bots there.

[Anonymous No.49382308]

>>49382287
You have no idea what you are talking about. It's absolutely possible to write a contract that checks for openings in a staking pool, this will also be possible with link staking pools.

[Anonymous No.49382327]

>>49382287
>>49382308
GM sers pls use the keeper for automated contract replenishment

[Anonymous No.49382346]

>>49382287
You're even more retarded than me lol. There will be other pools, limited or not. For the limited ones if they're first in first serves you can be sure there'll be bots watching for openings

[Anonymous No.49382380]

>>49382149
Are you sure it's not too late, it looks expensive? Also how are the non staking rewards, how much did 1k lpl gave you last year?

[Anonymous No.49382447]

>>49381991
>stake with a random asshole's node
>he fucks up and loses the stake
>you lose all your LINK you've been hodling for 10 years
yeah nah

[Anonymous No.49382451]

LPL holder here and it's nothing special, it's literally a security to be honest. Linkpool is running nodes, market.link and will be managing nodes for others and will collect fees from all of these sources of revenue. By holding LPL you get a proportional cut of all revenue. So the question is just whether you think the network will grow and Linkpool's revenue will grow... and with staking coming up and all of these services releasing, I think it's a safe bet for the revenue to rise a lot. The staking priority thing is just a bonus and you shouldn't worry about that anyways. It's not about "will there be other pools" but Linkpool has been in operation and with connections to the chainlink core team since 2018. I wouldn't trust a random new LINK pool that just pops up, in fact there probably will be a lot of scams trying to get you to deposit your link with them.

[Anonymous No.49382495]

>>49382380
In my eyes it's a safe investment and the chart clearly bottomed, but it's your money. Rewards are not that great at the moment, I got like 100 link in a year for staking 25000 lpl. But almost none of their services are online yet and you earn 0% on link.
>>49382451
This anon resumes it well but I will add that linkpool will probably also offer eth staking in the future.

[Anonymous No.49382542]

>>49381947
I see a Star of David and Israeli colors

[Anonymous No.49382608]

>>49382451
good summary but i think worth point out that at least initially nodes will be using linkpool's staking infrastructure, at least as far as i can see
unless another project is building in stealth there won't be a trustless staking mechanism for retail
linkpool's heavily audited solution will therefore become the de facto front end for staking and get a lot more eyes on it and be another revenue stream

[Anonymous No.49382641]

>>49382608
there won't be another*

[Anonymous No.49382668]

>>49382451
And where is that revenue coming from? Be specific

[Anonymous No.49382688]

>>49382668
shorting LINK same as bancor nexo aave and the rest

[Anonymous No.49382697]

>>49382668
users paying for feeds + chainlink subsidisation of feeds with a low amount of users or on eth due to gas costs
+ fees for managing nodes
+ fees from market

[Anonymous No.49382706]

>>49382668
Subscriptions to naas and api for market.link, revenue of the nodes on multiple chains, revenue for the pooling contract that will be used by other community nodes

[Anonymous No.49382714]

>>49382697
>>49382706
nope LPL is another defi 1.0 yield faen scam

[Anonymous No.49382720]

>>49381998
That tweet is about how the network is NOW.

[Anonymous No.49382721]

They also talked about some secure messaging service recently.

[Anonymous No.49382756]

>>49382447
>you lose all your LINK you've been hodling for 10 years
Is that how it works? I thought the slash fee was just a fraction of the total staked. No one would ever stake/delegate if one fuckup meant that your entire stake is forfeit.

[Anonymous No.49382762]

>>49382714
no. that's why people are interested
https://www.comp.xyz/t/oracle-infrastructure-chainlink-proposal/1272

[Anonymous No.49382774]

>>49382762
only Bancor have shown interest because their ponzi is drying up

[Anonymous No.49382782]

>>49382756
the higher the stake the higher the loss. otherwise higher stakes wouldn't increase security.
so imagine if some random guy gets 100k link in total from random neets and he fucks up, that's a huge amount of link gone.

[Anonymous No.49382808]

>>49381947
LPL is gonna make me make it

[Anonymous No.49382811]

>>49382021
Node operators must submit some Link as collateral to secure contracts. The amount of Link used to secure it, is proportional the $ value of the contract. So to secure high value contracts, it's in the interest of the node operators (and neet stakers) for Link to be as valuable as possible, so they can secure higher $ value contracts and receiver higher $ value rewards for securing those contracts.
>t. semi-brainlet who kind of understands this stuff kind of..

[Anonymous No.49382819]

>>49382774
bancor can fuck off with their bnlpl carry on
they're not interested in linkpool itself

[Anonymous No.49382845]

>>49382762
holy kek THIS is what stinklets think will pump their bags

[Anonymous No.49382847]

>>49382811
it's not that its in their interest for link to be valuable that will increase the price but that the value of link will need to reflect the collateral requirements across the network
after sls that's lower than what it would have been but in time is a very, very good thing

[Anonymous No.49382861]

>>49382845
no..... retard.

[Anonymous No.49382882]

>>49382861
it's a joke but you have to admit 150 bucks per month per feed is paltry considering the amount of value secured

[Anonymous No.49382901]

>>49382782
Yeah but the loss would be spread evenly (I hope haha...). Yeah it sucks to have to go for more unknown nodes, but LPL is a tough sell due to it's price. I can't believe I only found out about it recently.

[Anonymous No.49382952]

>>49382901
slash is 100% standard for any deviation from expected deterministic parameters. Nodes slashed are completely taken off online and cannot fulfil any contracts until they repurchase LINK from the open market or negotiate privately with based neet marines on here probably but the new secure messaging might allow disgraced nodes to become hole again

Staking V2 will raise the stakes by increasing the slash to 200% meaning LINK is going to be scarce af fr no cap

[Anonymous No.49382994]

>>49382952
>Fr no cap
Post haircut

[Anonymous No.49383008]

>>49382994
i got slashed

[Anonymous No.49383129]

>>49382641
How does that work if the NOPs front the LINK collateral accross all DONs?
Isn't there something off here? Or do I misunderstand that sentence?
Shouldn't the node operator only put collateral up on its own node and the DONs have their own collateral?
Why should the node operator take the risk of the DON making a mistake and getting slashed if it's not a part of the decision taking?

[Anonymous No.49383283]

>>49381947
Not needed if you make your own node. You do know how to make one right? I sure dont, thats why i have linkpool

[Anonymous No.49383737]

just bought more and brought up my humble stack to 1K

[Anonymous No.49383758]

>>49382093
Take out like a 10 or 20k loan and buy that shit before too late nigger

[Anonymous No.49384078]

>>49382542
Star of remphan*

[Anonymous No.49384393]

[Anonymous No.49384494]

>>49381947
you hold lpl and you post threads like this to circlejerk with your linkpool bros
t. one of the bros

[Anonymous No.49384930]

Please stake with Ranjesh Curry Pool. Do the needdul, LINK is very much needed for many reward, sir.

[Anonymous No.49385168]

LPL deposited into bancor liquidity protection: 269k
LPL in the bancor exchange wallet: 245k

[Anonymous No.49385473]

>>49382286
About 60 bucks according to my calculation, but it's likely to be more next year

[Anonymous No.49385642]

>>49385473
The rewards seem minimal but when I think back how much I got in 2019 and how much I get now, rewards have already 10x'd. Will be really interesting to see what happens when all their services are online