NEXO had a massive exodus of LINK the day after Celcius halted withdrawals

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NEXO had a massive exodus of LINK the day after Celcius halted withdrawals Anonymous Mon Jun 20 08:42:47 2022 No.49837619 [Reply] [Original]

Pic related.
They suddenly had a huge imbound transaction right after. The wallet “NEXO 2” is the wallet which user withdraw requests are taken from.

So it seems the plot has thickened. Anyone wanna help find where they got that mass of tokens from?
Thats the ETH address. You can see on the 13th it hit as low as 35k link and its plummeting since the “refill”

>>	Anonymous Mon Jun 20 08:43:33 2022 No.49837628 https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0xffec0067f5a79cff07527f63d83dd5462ccf8ba4#tokenAnalytics Thats the wallet.

>>	Anonymous Mon Jun 20 08:44:29 2022 No.49837634 I withdrew my 13k linkies from Nexo to cold storage, I'm sorry frens

>>	Anonymous Mon Jun 20 08:46:04 2022 No.49837655 So why are people taking Link off the exchanges?

>>	Anonymous Mon Jun 20 08:46:15 2022 No.49837660 >>49837634 glad you got out, there will be linkies that are going to lose their stacks. I got 25k stinkers in cold wallet and i am never ever going to deposit it anywhere unless its official staking.

Anonymous Mon Jun 20 08:50:24 2022 No.49837716

The whole point here is that NEXO are about to or already having a liquidity crisis. They are people going to do a desperate short on LINK to try cover withdrawals and for now likely borrowed LINK from somewhere/someone to cover the mass of withdrawals

Anonymous Mon Jun 20 08:52:26 2022 No.49837744

>>49837655
none of these lending platforms and exchanges will be able to meet demand for link withdrawals when staking gets released, which could happen at any time. they've been operating with fractional reserves all this time, dumping the deposited link for other assets and farming with those, only swapping back to link if withdrawals exceeded their reserves. they don't physically have the link to cover everyone if everyone decided to withdraw right now. and this is before staking

Anonymous Mon Jun 20 08:55:50 2022 No.49837790

>>49837744

Mate Nexo is already in trouble! Thats why they made a fake offer to buy Celsius as publicly as possible. They saw a sudden huge exodus of LINK and other coins and wanted to appear strong and slow it down.

They are in trouble already and seems like they are borrowing more and more to cover withdrawals, and attempted to short Link Again days ago to accumulate more and failed it

Anonymous Mon Jun 20 09:01:44 2022 No.49837883
File: 327 KB, 2436x1125, B937D679-480F-4356-8B80-F2B10FF7018A.png [View same] [iqdb] [saucenao] [google]

They had their largest IN transaction for over a year on the 16th after a mass withdrawal. This was likely to cover future withdrawals. It’s depleting very fast. They are in trouble. Get your fucking coins off there now

>>	Anonymous Mon Jun 20 09:08:01 2022 No.49837981 have a bump

Anonymous Mon Jun 20 09:25:30 2022 No.49838195

Nexo sent 1.2 million LINK to Binance in the last 10 days from their 2.5 million LINK they previously had on AVAX for yield farming.
Here is the Binance deposit address:
https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x9ec9bc7fb027448bb2670c4bd56043ea9dfd2dcc

>>	Anonymous Mon Jun 20 09:29:12 2022 No.49838244 >>49838195 Yeah and it coincides with the sudden mass increase of users withdrawing their LINK. They probably thought they needed to short and then dump LINK to make tokens back to keep liquidity for withdrawals but it didnt seem to go well as we saw

>>	Anonymous Mon Jun 20 09:30:05 2022 No.49838254 I need to check again if this is the right wallet. I started following the 2.5 million LINK from this Nexo account on Avalanche: https://zapper.fi/account/0x4d8517e5f13bb33b0afbd30a3d6e7c514bfdeb09/protocols/avalanche/benqi

>>	Anonymous Mon Jun 20 09:31:20 2022 No.49838271 >>49838244 When going through the previous address I see them withdrawing LINK from AAVE: https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x6914fc70fac4cab20a8922e900c4ba57feecf8e1

>>	Anonymous Mon Jun 20 09:33:26 2022 No.49838299 here a withdrawal from AAVE for 575k LINK: https://etherscan.io/tx/0x91238a89fd19a2555609a142a3476b6606b8430097b7941bbc7c2cf02be0f30a

Anonymous Mon Jun 20 09:34:13 2022 No.49838316

>>49838271

I have checked a bunch they withdrew loads of their liquidity from Aave lately.

And the transaction that refilled the NEXO 2 wallet were all strange. It was swarm deposits of 100-200 LINK, loads from Blockfi, Binance and random wallets not touched for hundreds of days in some cases.

https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x6914fc70fac4cab20a8922e900c4ba57feecf8e1

Thats their AAVE wallet

>>	Anonymous Mon Jun 20 09:35:03 2022 No.49838332 >>49837744 I can't find anything about binance or coinbase working with fractional reserves, give me some proof and I'll pull my 50k link

>>	Anonymous Mon Jun 20 09:37:32 2022 No.49838361 >>49838332 I remember coinbase and binance had a confirmed shared pool of LINK however im not really worried about them personally

Anonymous Mon Jun 20 09:40:05 2022 No.49838387

so Nexo moved their LINK back from Benqi on AVAX 1 month ago
their wallet
https://snowtrace.io/address/0x4d8517e5f13bb33b0afbd30a3d6e7c514bfdeb09#tokentxns
transfer
https://snowtrace.io/tx/0xeb896ad62b063caf2e43aa6111106f0816a5f7123250b8429dfcdbb12d5e91cc
another transfer
https://snowtrace.io/tx/0xd26d54d0c086f1c6a85cb8984e6243d6a2a835da6281799ebc21e9042779b2e1
unwraped the token here through the AVAX -> ETH bridge
https://snowtrace.io/tx/0x5d5f300659b88bfc2db0b81733713fafb12a8fdc44b2999126ef795e6d9c7157

received the 2.5 million LINK on their ETH wallet 27 days ago
https://etherscan.io/tx/0x6bb3f3935df17476d1ad861c71e40eeda216b159fa01acbd71d6af86230868ea
and moved it to this wallet
0x6bb3f3935df17476d1ad861c71e40eeda216b159fa01acbd71d6af86230868ea

>>	Anonymous Mon Jun 20 09:40:10 2022 No.49838389 >>49838332 Wait, you actually think your 50K link stack just sits there in a centralised exchange with no one doing anything with it? lmao

Anonymous Mon Jun 20 09:45:57 2022 No.49838461

>>49838316
They don't seem to have any aLINK left there:
https://etherscan.io/token/0xa06bc25b5805d5f8d82847d191cb4af5a3e873e0?a=0x6914fc70fac4cab20a8922e900c4ba57feecf8e1
The had 2.4 million LINK 200 days ago on Aave and removed the lat 1.8 million in the last 40 days.

The real question is how many LINK their users deposited on the platform and what the liquidity hole really is.
Was Nexo bigger than Celsius?
Celsius seems to have something in the 10-11 million LINK when looking at some of their wallets.
Nexo having officially 10 million LINK tokens in custody is a possibility.
Maybe it's even more than that.

Anonymous Mon Jun 20 09:50:22 2022 No.49838511

>>49838461

Dont think NEXO have more than 5million imo. From all the wallets ive seen over the last year.

However if people are withdrawing other coins from them that puts pressure on them. They may hold link in their own non user collateral so in surplus but they’ll have to start selling shit to cover withdrawals in other tokens if it gets bad

Anonymous Mon Jun 20 09:51:34 2022 No.49838530

Holy...
They seem to have sent most of it to Huobi and Bitfinex
Huobi deposit address
https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x7e234979ae2f7e846eaab791e10f8dc1148d3255
Bitfinex deposit address
https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x9c2058ebad740ffec3bce65630a3f06ade641c05

I need to check the movements

Anonymous Mon Jun 20 09:52:56 2022 No.49838549

>>49838511
If they kept being short LINK they may never have had the real amount of tokens on their wallets and this 5 million may only be half of the token owned to their customers.
Why would they buy back LINK if they thought it would keep going down?

>>	Anonymous Mon Jun 20 10:00:10 2022 No.49838650 They sent 1 million to Huobi Bitfinex and Binance and have over 1 million LINK remaining in this wallet: https://etherscan.io/address/0xb60c61dbb7456f024f9338c739b02be68e3f545c

>>	Anonymous Mon Jun 20 10:00:51 2022 No.49838661 >>49838361 Coinbase always makes me wait 72 hours before the transaction go through so that leads me to believe want to show withdrawals

>>	Anonymous Mon Jun 20 10:02:09 2022 No.49838679 >>49837744 Makes sense but isn't Link staking only going to be limited when it's released.

Anonymous Mon Jun 20 10:02:51 2022 No.49838692

They sent 400k to Binance 9 days ago from the previous wallet
https://etherscan.io/tx/0x1e9717b8c10aa2cce91b6f168bc1d06ea5de9d040ed1f26b019fa97e3270a898

And 670k 3 days ago in this tx from a different wallet
https://etherscan.io/tx/0x8c3b5c6a35ce52f96d9b5ce9b3f2cc048ae1a6348a9b06bab12167db9bcdc40b

>>	Anonymous Mon Jun 20 10:05:09 2022 No.49838721 told you, faggots >>49607349

Anonymous Mon Jun 20 10:05:48 2022 No.49838729

>>49838679
ETH 2.0 got delayed and they will have to remain staked for longer than they planned.
Because of this they are left bag holding stETH at a loss and gave up all their profits from staking with the current 0.93 peg vs 4% staking returns without leverage and 5-6% with leverage.
With leverage their losses also increase from the stETH peg to 10% as they need to convert more.
The real returns on their current ETH staking is -10% kek

>>	Anonymous Mon Jun 20 10:06:37 2022 No.49838743 >>49837655 they're not, overall exchange supply has been increasing all year

Anonymous Mon Jun 20 10:19:58 2022 No.49838911

I have 10k USDC on nexo, how safe is it? The idea is to earn some interest and buy a bag of LINK and DOT during the next downturn.

I'm a poorfag so even 2$ a day of interest, equals essentially to 1 LINK/DOT per week, which is a big deal for me.

Obviously the whole Celsius thing got me nervous, just in case I transferred it all out to test, but had no issues and it was executed in less than 30min so that gave me confidence and I transferred it back the next day.

I get the risk but I also feel like nexo is safer than many other lenders, those who had connections to ac3 etc.

Anyway, I don't know what to do. As I said, until I do buy my bags (50/50) of DOT and LINK, these interest payements are meaningful amount for a poorfag like me.

wat do?

>>	Anonymous Mon Jun 20 10:21:12 2022 No.49838925 >>49838911 >how safe is it? If you think it is safe after nexo 1.0, blockfi, celcius, luna (not the same but still broken af) and now bancor you deserve to lose it

>>	Anonymous Mon Jun 20 10:23:49 2022 No.49838959 File: 3.56 MB, 256x188, 1630387770503.gif [View same] [iqdb] [saucenao] [google] >>49838911 Nice bait Anon, no one on /biz/ has any assets on centralized entities right now. Only brain dead redditors do that.

Anonymous Mon Jun 20 10:25:22 2022 No.49838976

They sent 670k to Binance 5 days ago from this wallet:
https://etherscan.io/address/0x6914fc70fac4cab20a8922e900c4ba57feecf8e1

Withdrew 570k LINK of the 670 sent to Binance 5 days ago
https://etherscan.io/tx/0x91238a89fd19a2555609a142a3476b6606b8430097b7941bbc7c2cf02be0f30a

Removed 6500 LINK liquidity from Sushiswap.
https://etherscan.io/tx/0x0e958e42dbb7e3f56b9bc6fea72ce9872675b200412972094ab009f3f140e47a
Are they desperate for liquidity and going all out?
Or afraid of losing their liquidity from LP platforms?
They still sold it on Binance...

they sent 500k to AVA from that wallet 19 days ago
https://etherscan.io/tx/0xeea6d953c659f678f5e49f3d565af7a837539f5f5ad8dbc20491d77800f8b177
https://snowtrace.io/tx/0x9c1eeafcd8887c9e9b1a245c39f64534dbf38a92582b3e0e6c5f8538bd343de3

Moved to Aave on Avax
https://snowtrace.io/tx/0xce06bc09847c38b3425bc73aea7ceaf1cd6f5055e4e144186c93f059fafabda2

They still have 500k LINK on Aave from the Avax side
https://snowtrace.io/address/0x6914fc70fac4cab20a8922e900c4ba57feecf8e1

They sold approximately 2 million LINK and have 1.2 million remaining on their main wallet and 500k on Aave on the AVAX chain.

What is the plan for all these CeFi platforms?
Why do they keep trying to sell their tokens in the current conditions and not buy them back?

Celsius may have attempted to dump their 6.7 million LINK tokens yesterday and paused the attempted after it was discovered to move it to Aave instead.
I don't think they have given up on their attempt to dump LINK.
We have 6.5 million LINK of accounted sold tokens from the Okex related borrower and Nexo, and 1 million sold by Celsius 10 days ago to dump the staking news.
We can add 1-2 million LINK tokens from the Bancor withdrawal attempt of Celsius.
They have used half of their liquidity already, but the other half is still dangerous.

>>	Anonymous Mon Jun 20 10:25:30 2022 No.49838979 >>49838332 You can't have 50k link AND be this retarded..

>>	Anonymous Mon Jun 20 10:26:21 2022 No.49838990 File: 503 KB, 2000x1443, 1244124412.jpg [View same] [iqdb] [saucenao] [google] >>49838911 >I have 10k USDC on nexo, how safe is it? very safe, sir nexo very trustworthy peoples

>>	Anonymous Mon Jun 20 10:28:03 2022 No.49839013 >>49838911 Get the money out directly. In this environment, cold storage is the only option. The potential to lose everything is not worth the 2 bucks a day. You will make more than that filling in online surveys lol

>>	Anonymous Mon Jun 20 10:29:19 2022 No.49839029 is there a brainlet way to profit off this skullthuggery and top up my link stack? 4YGT0

>>	Anonymous Mon Jun 20 10:30:51 2022 No.49839044 >>49838332 Why do you even have that much on an exchange, it's not like you get APY on that or anything. I keep 2k LINK on coonbase as playmoney but I've had the majority of my stack in a cold wallet since 2018.

>>	Anonymous Mon Jun 20 10:32:05 2022 No.49839066 >>49838254 They started farming around $30/link Aren't they liquidated?

Anonymous Mon Jun 20 10:36:19 2022 No.49839114

The blockchain can show them when they transfer stuff to exchanges but not when they actually dump it there to crash the price. Meaning, they are probably loading up for a scamwick to 0.01 instead of just selling it the moment it arrives. RIP leveraged positions.

Anonymous Mon Jun 20 10:40:22 2022 No.49839162

>>49839066
They didn't buy those LINK tokens but got them from their users.
The only way they will go bankrupt is if they have to buy back the 2 million LINK tokens they already sold at a higher price while their users withdraw in a panic.
They have 1.7 million LINK left on their wallets.

>>	Anonymous Mon Jun 20 10:42:17 2022 No.49839183 The most important part now may be to watch the Aave LINK pool and see what happens with the 6 million LINK Celsius added to it. If Celsius withdraws it or someone else borrows it it may be a signal for an imminent attempt to dump through an exchange.

>>	Anonymous Mon Jun 20 10:44:30 2022 No.49839209 >>49839044 I haven't touched it since 2017, getting 0.2% apy on binance kek. I'll look into withdrawing all these doomposts are scaring me, I already have a ledger somewhere but never bothered using it

Anonymous Mon Jun 20 11:36:46 2022 No.49839870

A final note:

We are still not out of the woods yet.
Nexo didn't buy back their sold tokens, Okex still has their loan from Aave, and Celsius moved their tokens to Aave from FTX.
Approximately 10 million LINK has been sold to the market including through the Bancor LP effect and they may have 10 another million of liquidity remaining.

The key will be to keep buying their final dump attempt until they have nothing left.
Even if they manage to dump the price lower if everyone keeps buying everything up then they won't be able to buy back their sold tokens.
The key is not the current price but the LINK liquidity of CeFi and how much they can dump.
We need to add more pressure to make their users withdraw their funds.
The price of LINK increasing negatively affects Nexo who sold LINK for $ and Celsius who lost 1-2 million LINK on Bancor and dumped 1 million 10 days ago at $9.5.
It also affects the Okex wallets if they sold LINK but their average price cost is in the $9.5 because they started shorting earlier when the price was higher. Luckily they kept adding to their shorts in the current price range.

The Okex wallets are at risk of a liquidation if the LINK/ETH valuation increases too much, but they may still be making losses if they sold LINK for $ even if the LINK/ETH valuation remains the same.
It seems like the price of LINK increasing to $10 could trigger a final attempt to dump the price with 10 million of remaining LINK liquidity.
Another possibility is they may attempt to dump it if BTC and ETH have another dump lower.

The most important thing right now is to watch the Aave LINK vault and see how the added liquidity from Celsius is being used and if they send something to FTX again.

Anonymous Mon Jun 20 11:41:13 2022 No.49839924

Nexo lost 300k LINK from their customer withdrawals in the last 3 days and have 174k LINK on this wallet and 1.7 million LINK remaining on their remaining wallets with 2 millions already sold.
This means Nexo currently has less than half of their customer's LINK tokens on hand.
If the current rate of withdrawal continue they will not be able to add to their shorts a lot using their own tokens and would have to borrow from Aave using other tokens as collateral.

It will be interesting to see what happens to Nexo's liquidity in the next week.

Anonymous Mon Jun 20 11:41:23 2022 No.49839925

>>49838361
well coinbase is located within the usa and about the most compliant in regs exchange of them all and they don't offer massively degenerate leveraged products so if they go under it would have to be real bad
other exchanges in offshore corrupt dumps with vague structured perp contracts thats another game

the main risk with coinbase is the .gov coming in and haircutting your balance for fairness and them chilluns of course

either way yes you should withdraw there is no reason to keep on exchange and it doesn't cost you anything

Anonymous Mon Jun 20 11:52:20 2022 No.49840096

It seems the Okex wallet added more ETH as collateral on Aave to increase their LINK/ETH liquidation level.
https://etherscan.io/address/0x9571140e9e02dd219f9984d1b2df771cef207626#tokentxns

At current LINK/ETH valuations and with a fixed ETH price it would start the liquidation at $11.17 on the biggest wallet with 990k LINK borrowed or a 0.01 LINK/ETH valuation.
They are doubling down on their bets.
Maybe the moment LINK starts pumping towards $10 is when they will make their final attempt to cause a liquidation by dumping everything they still have.

Anonymous Mon Jun 20 12:04:56 2022 No.49840313

>>49840096

Proof its all true.
Bancor speculation was also true

To anyone with shit on Nexo:
Dont be a cuck and lose your shit. Why not withdraw for 2-3 months at least. Is your 2$ apy a day really worth it? No

On the otherhand once they get liquidated due to a bankrun LINK will be free to pump again. $50 will be back fast

Anonymous Mon Jun 20 12:06:31 2022 No.49840338
File: 1.32 MB, 1500x1500, 1607652508580.jpg [View same] [iqdb] [saucenao] [google]

>>49837619
Attention all NEXUS, CELSIUS and OKEx whales:

The Great Reset has come at a crossroads with humanity. We can not allow the WEF & the young globohomo leaders to manipulate the markets any longer with their fake wars and gay market crashes. In order for the Golden Bullrun to resume, Chainlink(ticker: LINK) needs to be destroyed.
/biz will declare WAR on Chainlink next week and send globohomo a message.
You heard it here first. Linkies will be financially exterminated. Participation is mandatory btw, proof of short will be required to post on /biz. I repeat everybody will have to participate.

Spread the word and prepare your shorts. It's finally happening... The Great Short is upon us lads.

Anonymous Mon Jun 20 12:10:20 2022 No.49840408

Same on 2nd Wallet:
https://etherscan.io/address/0xb2b2773c2e646e6f2a7c84ba5b32480edeccd4dc
Liquidation level starts at 0.01 LINK/ETH too for this wallet on 760k LINK.

https://etherscan.io/address/0x792fd1ba1ae988c856db3ad7696a7cc5148b1e73#tokentxns
0.0116 LINK/ETH on 3rd wallet with no change for 650k LINK.

0xA61CdcE44A6BD45261B4c3dE760986e4e56f5666
Added ETH here too but the liquidation threshold is lower at 0.0091 for 580k LINK

https://etherscan.io/address/0xa2bbdb60533a30f78fc9eda98b727fab76bfd532
Added ETH here too. liquidation at 0.00886 LINK/ETH for 550K LINK

https://etherscan.io/address/0xf89a2234f442ce862443f01c3998701a4cc4a3e3
Here too at 0.0091 for 395k LINK

https://etherscan.io/address/0x9aa627a9a215799d62d6d73fcf7a668fa1aab1cd
0.00905 for 335k LINK

https://etherscan.io/address/0x1329d0c4c77fa57ad2c93c3240837694ee14f538
0.00906 for 290k LINK

Are they trying to show they have more liquidity against a short squeeze?
While Aave won't liquidate them at 0.008 they are still making losses if LINK goes up because they directly sold it on the market to suppress the price.
They may have a form of double short selling leverage on LINK.
Selling LINK to buy ETH then borrowing LINK with this ETH to sell LINK a second time.
The problem for them is that even if their liquidation threshold against ETH is higher they are losing money if LINK goes up after selling it in the current range and their selling cost average is in the $9-10 range.
Add to this that they won't be able to buy back the liquidity and it's effectively a game of pretend while CeFi users withdraw their tokens from the collapsing platforms.
It's not 4 million LINK tokens only they have borrowed from Aave and sold on Okex but probably another 4 million LINK they sold in the last 12 months.
The question is what they did with that sold original LINK. Did they just keep it in stable coins or buy ETH with it and then accumulate losses on the ETH they bought?

>>	Anonymous Mon Jun 20 12:12:42 2022 No.49840447 >>49840408 Looks like hubri. They are on insane leverage already with so much money, and likely not even their own tokens. This unbelievable its almost like t want to be hunted and its a trap or are they actually this desperate?

Anonymous Mon Jun 20 12:19:09 2022 No.49840537

>>49840313
The fight for $10 will be an epic battle. I think they are setting that level up for one big dump.
The Okex wallet owner is ready to lose more to add to their losing bet.
They may be too deep in this to recover or have just a bad ego case of thinking they control the markets.

At 0.01 to 0.011 levels that's a 25-30% loss on the LINK/ETH valuation, adding another 7% loss on the stETH peg issue.
Will Chainlink bankrupt Okex or the one using this wallet?
An interesting thing is that this Okex wallet does not seem to have a lot more firepower than the 550k LINK they haven't sold yet.
They could have increased their ETH collateral more if they were planning on borrowing more.
They may be close to their limits.

Nexo has only 1 million LINK they can sell without borrowing but that would reduce their liquidity to dangerous levels and would have 800k left while facing 100k withdrawals per day.

The last piece is the 7 millions from Celsius, most of it available for borrowing on Aave.
How this is used will determine what happens.
They wanted to dump through FTX before they got caught doing it.
As long as peopel keep watching their actions they won't be able to dump easily because it will damage their reputation.
Forcing their users into HODL mode while shorting their assets would not work out very well in court.

>>	Anonymous Mon Jun 20 12:22:22 2022 No.49840594 >>49840537 Its so rookie to have a dump planned just a few percentage points from your liquidation. Hell its dumb for them to double down on this now its open. Is it chinks who dont have access to English speaking crypto social media?

>>	Anonymous Mon Jun 20 12:26:03 2022 No.49840655 >>49839209 My fucking god anon. Have you not learned anything over the past 2 months alone. Go learn how to use your ledger. NOW.

>>	Anonymous Mon Jun 20 12:27:58 2022 No.49840701 they also took down Viewbase.com where you was able to track easily LINK in exchange wallter moving

Anonymous Mon Jun 20 12:28:17 2022 No.49840707

>>49840447
They are setting up one final attempt and seem to be working together with Celsius and Nexo.
Nexo will try to save themselves first because they are the most corrupt and psychopathic of the group.
The moment they try to buy back the 2 million LINK tokens they sold we will know they have given up on shorting LINK.
They are still planning a final short.
What is the owned capital of Okex?
4 million LINK sold at $10 average is 40 millions.
They are currently in a 12 million $ profit from shorting LINK but only if they can buy back the tokens they sold from a capitulation.
They may also have sold another 4 million tokens to buy ETH, and here what would matter is the LINK/ETH valuation remaining below 0.008 and not being forced to withdraw their stETH, but I don't know whose funds they are using.

10 million LINK is a lot of selling pressure.
Celsius managed to dump the price from $9.5 to 6.2 during the Consensys dump with 1 million LINK sent to FTX and 500k-1 million sold by Nexo and Okex.

The markets are open again tomorrow and may cause the BTC dumps to resume...
This week will be critical.

Anonymous Mon Jun 20 12:33:44 2022 No.49840787

>>49840707

I thought to myself they are likely speculating on stock market dump and s corresponding crypto dump, which is when they want to try dump LINK.

It’d be a shame if Chainlink Labs suddenly decided to buy their own token on discount for investment into their protocol later. Particularly about 10 million LINK at floor prices.

Anonymous Mon Jun 20 12:34:57 2022 No.49840806

>>49840594
Okex wallets increasing their collateral means they are watching /biz/ too.

At current ETH prices the LINK $ liquidation price increased to $12.
$10 is a strong psychological level which will attract many small traders who want to short it.
If ETH goes up at the same time that liquidation level will also increase to $14-15.
They set this up to not be quickly liquidated through Aave but through their own bankruptcy.

LINK at $12 would cost them a $8 million loss and giving up on all their profits from shorting LINK since they started shorting this year.
Every $1 increase in LINK's price generates a 4 million loss for them and their cost average is $10.

>>	Anonymous Mon Jun 20 12:37:14 2022 No.49840858 >>49840806 All that needs to happen is for a whale to swallow their attempt to dump. Once thry have nothing to dump they are fucked already

>>	Anonymous Mon Jun 20 12:37:49 2022 No.49840868 File: 907 KB, 498x300, 4chan-1649137504507.gif [View same] [iqdb] [saucenao] [google] fuck you damn niggers. Ok you won, i'm going to withdraw my fuckin god funds are you happy now?

>>	Anonymous Mon Jun 20 12:39:25 2022 No.49840898 File: 21 KB, 474x379, j9ig4j023g.jpg [View same] [iqdb] [saucenao] [google] >>49840806 Good stuff anon, loving this info

>>	Anonymous Mon Jun 20 12:41:52 2022 No.49840942 >>49840868 Lol, feeling the same. Had some USDC I just took out of Nexo. Figuring out what to do with it now.

>>	Anonymous Mon Jun 20 12:43:13 2022 No.49840968 >>49840942 Exactly friend. Dont just take LINK off of them. Need to starve them of all potential collateral. As it stands anything given to them can be used as collateral to borrow LINK or any other asset they want to short and then dump it.

>>	Anonymous Mon Jun 20 12:45:16 2022 No.49841011 >>49840968 All I've got left are some locked up Nexo coins I'll be selling by the end of the month. Hope they're not worthless by then, but they're well below what I paid as it is. I can live with that loss though.

Anonymous Mon Jun 20 12:46:47 2022 No.49841038

>>49840787
The stock market is set up to have a capitulation dump probably tomorrow...
We are set up for a perfect storm.

Unfortunately I don't know who is planning what.
I can only hope that the Chainlink team planned something from their previous success, that's why I changed my strategy.
This is going to be a difficult battle with huge forces on the hundreds of millions fighting each other, and I don't know who is on the side of Chainlink as they are anonymous.

An exchange like Binance or FTX could take the other side if they wanted to bankrupt CeFi platforms to get their remaining tokens for cheap. I don't know the stance of exchanges on CeFi platforms.
Maybe they are mostly neutral to it as they generate price movements?
But if they are planning for the long term future taking them out now would be the most beneficial.
CeFi are only parasites to the crypto space if they make money by shorting.
Exchanges are better because they can make money from trading fees, but they make more money if there is more wealth in the space.

>>	Anonymous Mon Jun 20 12:46:49 2022 No.49841039 Anyways regarding what to do with whatever you withdraw: just wait it out. Dont chase APY in this current climate. Wait it out for 2-3 months.

>>	Anonymous Mon Jun 20 12:48:36 2022 No.49841064 >>49841039 Yeah, as crazy as it sounds, APY in ACTUAL USD might be the way to go. I've noticed my money market yields are double what they were a month ago. Meanwhile, Circle itself is down to 1% yield.

>>	Anonymous Mon Jun 20 12:50:36 2022 No.49841098 >>49838332 >my 50k link BUDDY

>>	Anonymous Mon Jun 20 12:51:56 2022 No.49841127 >>49838959 >Only brain dead redditors check his spacing

>>	Anonymous Mon Jun 20 12:52:13 2022 No.49841131 >>49838721 Thank you anon. Who's next?

>>	Anonymous Mon Jun 20 12:52:15 2022 No.49841134 >>49837619 damn as nexo loses link liquidity, how will linkies cope that their token is doing like ass? What's the new cope bros? Why is my token not 1000 eoy???

>>	Anonymous Mon Jun 20 12:52:54 2022 No.49841146 So is it going to be safe to buy Link and immediately take it off an exchange? The chance the exchange might take my money and not let me withdraw link is the only thing stopping me from buying more right now...

>>	Anonymous Mon Jun 20 12:53:23 2022 No.49841154 >>49838911 Move it to coinbase. NOW.

>>	Anonymous Mon Jun 20 12:54:29 2022 No.49841176 >>49838959 And poorfags who can't afford gas fees (myself)

>>	Anonymous Mon Jun 20 12:55:53 2022 No.49841189 >>49841176 Use arbitrum. Binance supports it. If you keep it on Coonbase or binance at a push should be ok.

Anonymous Mon Jun 20 13:02:44 2022 No.49841309

An important part in this battle is that we should try to keep our strength for as long as possible while accumulating at lower prices.
Time is playing against CeFi platforms as they are losing money on borrowed funds, getting stressed from keeping up their shorting efforts on a longer period of time while Chainlink is getting ready to release staking.
The longer this goes the higher the risks for them.
The longest time limit is until September with the Chainlink event with Eric Schmidt, but I think they are planning to capitalize on the stock markets dumping this week to make their dump attempt.

It would be best if LINK didn't went below $5.3.
If they manage to bring the price down to $3-4 it's important to not panic and sell.
The price in a particular moment does not dictate the value of a token, only if a lot of them are exchanged at that price.

CeFi can dump 10 million tokens in a scam wick to $3-4 but it's meaningless if they can't buy back the tokens later.
They need to buy back double the amount of the tokens they are planning to dump because close to 10 million tokens are already sold.

Maybe this is what whales are planning. Patience is key.
Instead of buying 10 million tokens at $7-12 they can buy them at $4-5, and then wait for the stock markets to recover to increase the price.
It would look like the short seller have won, but in reality as long as they don't repay their loans and buy back the tokens they didn't realize any gains on their short selling. They need liquidity and not only a low price.

Anonymous Mon Jun 20 13:06:36 2022 No.49841377

>>49841146
Don't use Okex and smaller exchanges and there should not be a problem.
People should withdraw all their liquidity from Okex too.
It's not a safe exchange as we don't know their exposure to the owner of these wallets.

If they own these wallets then they could be bankrupted.
If they don't then they will face the losses of its owner like with 3AC and won't have enough collateral to prevent losses.

Anonymous Mon Jun 20 13:08:42 2022 No.49841422

If there is another puke below 18k Eth is going to puke twice as hard which works against them. The reality right now is that all these Cefi cunts and VC twats are out to backstab each other over who can lose the least. They are all weak and vulnerable especially on this LINK short which just lacks the sell volume from retail as it never performed or was hyped in the bull, and it also lacks sell volume from VC leverage unwinding as it was generally used as collateral so its all their debt.

Anonymous Mon Jun 20 13:16:42 2022 No.49841566

For those who have some leftover money they can afford to lose and don't need and want to protect the current price level support I would suggest them to set up limit buy orders today until the end of this week at $5.45-5.5 / LINK in case the markets dump tomorrow.
It would be optimal to not break below that price, but if this happens then the most important thing is to remove liquidity as the price goes down and not to sell because of a panic.

What really matters to the short sellers because of the huge amount of sold LINK is not the price the token has in a particular moment but the amount of it they can buy at those prices. And the longer this goes on the more liquidity will be removed by their users.

>>	Anonymous Mon Jun 20 13:28:58 2022 No.49841760 >>49841566 link is going back to under a dollar fag

>>	Anonymous Mon Jun 20 13:34:00 2022 No.49841843 Anyone know the best exchange to purchase LINK and withdraw with zero fees? I like to purchase LINK weekly and withdraw to cold wallet. Gemini stopped their free withdrawals and I don't know if anyone offers this now.

>>	Anonymous Mon Jun 20 13:34:01 2022 No.49841844 File: 36 KB, 528x297, 1641556649067.jpg [View same] [iqdb] [saucenao] [google] >>49840701 oh shit! How long has this been down? Who runs it? I rememeber tracking link on here years ago.

Anonymous Mon Jun 20 13:45:40 2022 No.49842046

>>49841146
Bro it's fine, just don't leave it on an exchange for long periods of time. And definitely don't touch "cefi" like nexo, blockfi, etc. Buying LINK on coinbase and withdrawing immediately has like a 0.00001% chance of fucking you over in that particular moment.

Anonymous Mon Jun 20 14:14:54 2022 No.49842613
File: 225 KB, 960x960, 96331C7F-AE83-4913-A2FB-6942B975F650.jpg [View same] [iqdb] [saucenao] [google]

>>49837655
Loss of confidence in hosted staking platforms. Everything is going according to the BIS, World Bank, WEF, SEC, IMF plans. They don’t call it a Great Reset for nothing, ladies. You will own nothing, and be happy.

>>	Anonymous Mon Jun 20 14:21:47 2022 No.49842738 File: 89 KB, 731x759, 1646038103157.png [View same] [iqdb] [saucenao] [google] people still hold link? lol holy shit you guys are some serious brainlets

>>	Anonymous Mon Jun 20 14:26:33 2022 No.49842841 It seems the paid shills are back. The good news is that they are now forced to fud with no narrative and this means they are losing as their suits are starting to panic more with each new day spent in this losing situation.

>>	Anonymous Mon Jun 20 14:54:39 2022 No.49843530 I have all my Link on Nexo and borrowed against my whole stack to get more. From 18$ to 12$. They are telling me to make repayments when LINK hits 5.60. How fucked am I and what is the likely scenario here?

>>	Anonymous Mon Jun 20 15:00:37 2022 No.49843641 >>49842738 We'll see shibazoomerfag

Anonymous Mon Jun 20 15:06:44 2022 No.49843762

>>49843530
if nexo wins you lose everything because the price goes a lot under 5.6
if nexo loses you'll lose everything because of halted withdrawals

so in essence you are now market neutral, you can relax anon and slip into the night your fight is over

>>	Anonymous Mon Jun 20 15:09:11 2022 No.49843825 >>49843762 Explain like I'm 5

>>	Anonymous Mon Jun 20 15:11:46 2022 No.49843890 >>49843825 tl;dr you never should have trusted your LINK with a centralized 3rd party and you never should have used leverage, you have no control over the situation now and just have to pray things magically work out for you.

>>	Anonymous Mon Jun 20 15:12:35 2022 No.49843907 >>49842738 they're underwater and desperate. they literally cannot get out. THey're just doing the sneedful and trying to get retards to buy their bags with shitty hype and crapflooding. jannies need to ban this shit.

>>	Anonymous Mon Jun 20 15:12:55 2022 No.49843915 >>49843890 So as long as LINK stays above 5.60 I might be ok?

>>	Anonymous Mon Jun 20 15:13:39 2022 No.49843929 File: 1.77 MB, 3608x2524, Simeon fraud exposed.jpg [View same] [iqdb] [saucenao] [google] >>49843907 Hi Simeon

>>	Anonymous Mon Jun 20 15:13:58 2022 No.49843945 >>49843915 I mean you won't get liquidated but if the price of LINK gets too high all of these shorts are going to cause issues for Nexo and others. They don't have your LINK and neither do you right now.

>>	Anonymous Mon Jun 20 15:14:15 2022 No.49843954 >>49843929 how does it feel to get dabbed on by a turd worlder bald fuck, you cuck?

>>	Anonymous Mon Jun 20 15:16:21 2022 No.49844007 File: 470 KB, 1940x1618, Simeone dimitrov scam.jpg [View same] [iqdb] [saucenao] [google] >>49843954 You should know that better than me.

>>	Anonymous Mon Jun 20 15:17:26 2022 No.49844031 File: 473 KB, 2048x1152, Nexo short 2021.png [View same] [iqdb] [saucenao] [google]

>>	Anonymous Mon Jun 20 15:18:42 2022 No.49844063 File: 471 KB, 1080x1782, Screenshot_20220620-091806_Chrome.jpg [View same] [iqdb] [saucenao] [google] Here's what Nexos response is

>>	Anonymous Mon Jun 20 15:20:50 2022 No.49844120 >>49844063 You should ask them who is offering them their loan for the 1.7 million LINK they sold in the past 2 weeks on exchanges.

>>	Anonymous Mon Jun 20 15:22:39 2022 No.49844165 >>49842613 Shit here I thought it was the Jews and now you tellin me it's the KANGS?

Anonymous Mon Jun 20 15:22:48 2022 No.49844167

>>49844063
Why did they send over 1.1 million LINK to Binance in the past 2 weeks?
https://etherscan.io/tx/0xa786dbb88992750ac49e7a9da4f5b5e61600a9308a10ea8262d35d5c9134a84c

https://etherscan.io/tx/0x1e9717b8c10aa2cce91b6f168bc1d06ea5de9d040ed1f26b019fa97e3270a898

>>	Anonymous Mon Jun 20 15:23:30 2022 No.49844178 >>49843762 How much LINK? I’ll donate what you’ve got locked in there anon.

>>	Anonymous Mon Jun 20 15:32:40 2022 No.49844399 >>49844178 2066 is my whole stack. I van camp CO full time and the only thing I can think about doing is finding a job to pay off the loan and take it about before this happens

Anonymous Mon Jun 20 15:38:21 2022 No.49844526

>>49844399
You’re getting fuck all from me. Your LINK is gone. Good fucking riddance. You stupid fucks would have made it off of gains if you listened to us here and never gave those kikes your LINK. Now go get a job and start stacking, put them in a ledger and never give them to anyone but a node operator to stake in the Chainlink Network. Pondscum.

>>	Anonymous Mon Jun 20 15:40:03 2022 No.49844566 >>49844526 Eat shit faggot. LINK isn't dropping anymore and I'm good

>>	Anonymous Mon Jun 20 15:41:18 2022 No.49844602 File: 4 KB, 250x250, 1595410035444s.jpg [View same] [iqdb] [saucenao] [google] >>49843954 literally no amount of money can fix this.

>>	Anonymous Mon Jun 20 15:42:12 2022 No.49844629 >>49844566 >I get fucked if it hits 5.60 RIP

>>	Anonymous Mon Jun 20 15:44:10 2022 No.49844674 >>49844526 b-but muh distributed finance was supposed to be the future and not a jewish scam if it is then why stack chainlink? isn't its only use case supplying data to defis we now know are all scams?

Anonymous Mon Jun 20 15:44:19 2022 No.49844678

>>49844399
>>49844399
Checked but LINK will either go down and you're toast, or will go up and NEXO will go bankrupt.
You deserve what's coming. You realize that, right? You knew you're fucking other linkies by giving NEXO any LINK and you still did it, for less than a fucking dollar a day.

>>	Anonymous Mon Jun 20 15:45:16 2022 No.49844697 >>49844629 There's like over a month in time to pay back Nexo for credit loans when they message you. The only way I lose is if the whole market shits the bed. It will be fine. All of you are Mongolian fear mongering faggots

>>	Anonymous Mon Jun 20 15:45:23 2022 No.49844699 >>49844674 this, the entire use case of LINK is providing data feeds, keepers and vrfs to literal ponzis this entire market is going to shit

>>	Anonymous Mon Jun 20 15:45:29 2022 No.49844701 File: 86 KB, 680x748, 1583278107108.jpg [View same] [iqdb] [saucenao] [google] >>49844526 Based, fuck all the degenerates. REMINDER to never: >lend >send >stake >leverage >LP REMINDER to always: >buy LINK at SPOT and store it in a cold wallet

Anonymous Mon Jun 20 15:45:34 2022 No.49844704

>>49844566
That glimmer of hope you felt reading that some stranger would bail you out was the last good thing you’re going to feel for a long time you fool. Lmao either Stocks plummet tomorrow taking Crypto down then CeFi fags dump all their LINK scamwicking all your LINK away. Or, LINK pumps and NEXO get short squeezed and freeze your account. Your LINK is gone you greedy cunt. Like I said, Ledger and don’t give a cube to anyone but Sirgay.

>>	Anonymous Mon Jun 20 15:45:48 2022 No.49844714 Nice thread anons, good findings. Bumping to read it after work. May Kek bless you all

>>	Anonymous Mon Jun 20 15:45:54 2022 No.49844716 >>49844697 >The only way I lose is if the whole market shits the bed >The only way I lose is if the whole market shits the bed >The only way I lose is if the whole market shits the bed KEK

>>	Anonymous Mon Jun 20 15:47:27 2022 No.49844755 >>49844704 I literally just have to wait. Which is what my plan was anyways

>>	Anonymous Mon Jun 20 15:48:02 2022 No.49844771 >>49844674 DeFi is the live action tech sandbox for TradFi getting into DLT in a big way. The oracle works perfectly.

>>	Anonymous Mon Jun 20 15:48:55 2022 No.49844789 >>49844771 so WHICH DLT are they going to be using anon? ETH? SOL? MATIC? AVAX?

>>	Anonymous Mon Jun 20 15:50:05 2022 No.49844814 Damn I have 25k XRP locked until July 15th. I really hope im not gonna have trouble withdrawing

>>	Anonymous Mon Jun 20 15:51:46 2022 No.49844851 >>49844789 Linkies don’t give a fuck about which public L1s or private chains institutions use. Blockchain agnostic decentralised service provider. You’ve not been paying attention.

Anonymous Mon Jun 20 15:51:52 2022 No.49844853
File: 127 KB, 1800x1013, C99ADE3C-770A-4BAA-8A87-977E9AFE4815.jpg [View same] [iqdb] [saucenao] [google]

>>49844566
>says increasingly nervous poster to himself

All you had to do was keep it in your fucking wallet like everyone here has been saying for years. You didn’t understand the systems or how they work; you failed to correctly interpret the information that was available to you and everyone else. You’ve thrown away potentially life changing wealth in pursuit of a low, single digit percent yield without ever considering the source of the yield. You’ve lost the zero sum game that is the free market. Here as in every time/place in which free markets are allowed to exist, wealth flows from the least fit to the most fit. There is no injustice here; you’ve proven yourself unfit in the Darwinian game all market participants play against all other market participants.

Get fucked, retard. We’re leaving without you

>>	Anonymous Mon Jun 20 15:53:24 2022 No.49844887 >>49844851 >which public L1s or private chains institutions use so you don't even know, you're just coping >le private dlts private dlts are pretty much what banks are ALREADY using WITHOUT chainlink you retarded deluded bagholder

Anonymous Mon Jun 20 15:54:23 2022 No.49844907

>>49844853
What don't you understand about waiting? The one thing none of you faggots have is patience. I have no plans to touch my LINK for years and it will be fine when Nexo corrects. I know you get boners writing your disaster stories. That's because you're a virgin faggot and have no other way to get off

>>	Anonymous Mon Jun 20 15:55:10 2022 No.49844926 >>49844907 what if they lose your funds or you get liquidated on the next leg down? what then?

Anonymous Mon Jun 20 15:57:54 2022 No.49844987

>>49844887
I could speculate on what L1s win out based on logic but it really doesn’t matter when they all rely on LINK to be useful and scale in a meaningful way.

Re banks, you should check out Sergey having his balls stroked at his own conference by SWIFT too brass last year. You know that consortium of 13000 banks works wide. Oh and tune in to the conference this year to learn all about the Enterprise Abstraction Layer going live.

>>	Anonymous Mon Jun 20 15:59:09 2022 No.49845022 >>49844926 Listen to you. You want it so bad! What if you straddle dildos and cum in your own mouth

>>	Anonymous Mon Jun 20 15:59:23 2022 No.49845029 >>49844987 >I could speculate but I wont loool >dude, trust me bro, Sergey said so your arguments and appeal to authority bullshit is laughable and pathetic literally grasping at straws

Anonymous Mon Jun 20 16:03:50 2022 No.49845135

>>49844987
>le epic consortium of 13000 banks works wide
>https://www.businessinsider.com/china-russia-alternative-swift-payment-cips-spfs-yuan-ruble-dollar-2022-4
wow bro, such an epic consortium only missing two of the biggest and most important economies in the world!

Anonymous Mon Jun 20 16:05:04 2022 No.49845176

>>49844907
You really have no idea how any of this works, do you? You think your tokens are insured by some entity above Nexo in the event that they default? How are they going to buy back your Link to give to you if 1. They have no liquidity and 2. The asset itself has appreciated in value once price is no longer suppressed via the short selling taking place on-chain for all to see?

Your mistake is in thinking along the “appeal to authority” lines that all losers today take. You think that someone or some organization other than yourself has the responsibility of taking care of your well-being. That there’s some government or regulator who will step in and save the day here. You still don’t understand that this game is being won by individuals and not centralized organizations.

In playing by the rules of the old game (in which everyone wins, or at least no one is allowed to really lose everything), you’ve lost the new game.

Again, get fucked. You’ve proven that you didn’t deserve any of what you’re about to lose in the first place.

Anonymous Mon Jun 20 16:07:03 2022 No.49845226

>>49845029
If you can’t see how my bet is more sensible than backing specific chains you’re a midwit. Also, I’m not asking you to trust Sergey, trust the head of Ops at SWIFT who is delighted to have such a long a fruitful working relationship with Chainlink Labs. All this mess came down to ponzi generated yields. Please tell me who has the only legit APY generating protocol in the space with absolutely minimal inflation? LINK. Starved of yield where are the masses gonna go? LINK. How do they get exposure to that? LINK. Now kindly fuck off Simeon.

>>	Anonymous Mon Jun 20 16:08:56 2022 No.49845276 >>49845135 Please tell me how this blockchain system will interface with other economies? Are you suggesting that Russia and China will cut themselves off from global trade? Please try harder. Gonna need an oracle for that.

Anonymous Mon Jun 20 16:10:30 2022 No.49845309

>>49845226
>trust the head of Ops at SWIFT
no, SWIFT is not be-all and end-all of banking, at least not anymore, see>>49845135
as it stands, LINK's relation to TradFi is primarily in the West, with few exceptions such as BSN, which we literally have no clue if/to what extend it is being utilized.
literally everything is up in the air
>>49845276
>this blockchain system
please specify which "blockchain system" you are referring to
as far as I can see, a scalable, decentralized, secure and fast blockchain system simply does not exist

>>	Anonymous Mon Jun 20 16:11:34 2022 No.49845338 >>49845276 Hello? Anon? Simeon? Come on. You can drum up more easily refutable fud quicker than that surely?

>>	Anonymous Mon Jun 20 16:11:57 2022 No.49845349 smartcon is in person this year. is the bancor and celsius fellas gonna have a fist fight on stage or what`? ari could make a betting smart contract for it.

>>	Anonymous Mon Jun 20 16:12:00 2022 No.49845352 >>49845176 Thank you anon I didn't read any of this but you can suck my dick. It'll be alright

>>	Anonymous Mon Jun 20 16:12:10 2022 No.49845356 >>49845338 are you having a stroke?

>>	Anonymous Mon Jun 20 16:12:53 2022 No.49845374 >>49838743 He means currently, like this week, and they’re doing it because there is a panic caused by big exchanges saying “haha you’re in hold mode don’t worry everything is fine”

Anonymous Mon Jun 20 16:15:04 2022 No.49845435

>>49845309
Hahaha they’re using blockchain tech in their new system. You’ll need an oracle if you wanna trade with other economies and their systems. Oh funny how you know about BSN from wayyyy back in 2020. You know exactly how fucking big it is. I like how you e softened your stance. This is you last (You). Buy LINK and hold in cold storage or fucking rope. Cunts.

>>	Anonymous Mon Jun 20 16:18:59 2022 No.49845536 Will I be able to support a family with 20k link?

>>	Anonymous Mon Jun 20 16:19:21 2022 No.49845547 CryptoBros... Kek! Do you think? Do you think maybe the Institutions are selling are their Crypto and taking profit and leaving you holding all the bags? Kek!

>>	Anonymous Mon Jun 20 16:19:43 2022 No.49845555 >>49845352 Okay, thanks for playing! Enjoy van camping or whatever you fucking mongoloid

>>	Anonymous Mon Jun 20 16:21:37 2022 No.49845600 >>49845555 checked

Anonymous Mon Jun 20 16:21:38 2022 No.49845601

>>49845435
>they’re using blockchain tech in their new system
>source: my black gorilla nigger ass
>wayyyy back in 2020
2 years must seem waaaay back to you, you ADHD retarded zoomer
thanks for deflecting and ultimately conceding
enjoy bagholding through the worst economic depression in your lifetime
retard

>>	Anonymous Mon Jun 20 16:23:31 2022 No.49845663 >>49845555 Checked and I will! 7 months in. Enjoy paying jews or your parents for rent while eating their graphene food or whatever. I can make my stack back in less than 3 months because im a man, you jew bitch

Anonymous Mon Jun 20 16:40:34 2022 No.49846113

>>49838332
I'm just a stacklet but if you seriously have 50k link on an exchange, nice bait, pull if off not your keys not your coins.
>>49838389
exactly. the nexo guy (or was it celscius I don't remember) vs schiff arguing "you must be taking risks" "we don't take risks lol we just earn yield on bitcoin ;) ;)"

>>	Anonymous Mon Jun 20 16:44:31 2022 No.49846202 i have 700k € on nexo what do i do considering i like the platform and i never had issues whatsoever

Anonymous Mon Jun 20 16:46:06 2022 No.49846242

>>49841309
>panic sell
impossible.
>>49843945
>They don't have your LINK and neither do you right now.
capped
>>49844120
this
>>49844674
>what is bitcoin?
>>49844701
good advice.
>>49845022
what if you weren't retarded and did your own research on the dangers of centralized systems? remember mtgox?
>>49845309
what's going on with the fednow, will that use link or is it a nothing burger?
>>49845555
>>49845600
checked. cex holders seething.

>>	Anonymous Mon Jun 20 16:47:08 2022 No.49846275 >>49846202 buy link, withdraw it to your cold wallet.

>>	Anonymous Mon Jun 20 16:48:16 2022 No.49846301 >>49837619 just one question. through all of this, why was link the preferred coin to borrow against and short?

>>	Anonymous Mon Jun 20 16:49:32 2022 No.49846331 >>49846275 why would i buy link i am comfortable holding EUR and earning passive incoom

Anonymous Mon Jun 20 16:53:00 2022 No.49846408

>>49846301
LINK doesn't have any inflationary ponzi reward scheme. Without staking the only thing to do with it is sit on it in cold storage. With the advent of defi, linkies could be lent out to earn yield, but since everybody did this there was tons of liquidity so the interest rate to borrow was extremely low, making it very profitable to borrow and short. In theory this can and is done with other coins, but you must remember that LINK was top 5 in marketcap at one point, so it is a major chess piece in these schemes.

>>	Anonymous Mon Jun 20 17:01:54 2022 No.49846627 File: 198 KB, 1383x1536, 1639333988429.jpg [View same] [iqdb] [saucenao] [google] Shorting is literally free money

>>	Anonymous Mon Jun 20 17:02:14 2022 No.49846633 >>49846331 Nexo plant. Fuck off.

>>	Anonymous Mon Jun 20 17:04:25 2022 No.49846703 >>49846331 from 700 pounds? ok bud.

>>	Anonymous Mon Jun 20 17:05:55 2022 No.49846756 >>49846331 You would have made more passive income by holding USDC in a cold wallet instead of EUR which is rapidly losing value against the US dollar, kek.

>>	Anonymous Mon Jun 20 17:12:55 2022 No.49846946 >>49846703 From 700K nigger >>49846756 Yes but I don’t care since I withdraw 4000€/ month passively, I don’t care playing with usd

>>	Anonymous Mon Jun 20 17:26:46 2022 No.49847284 2 big 2 fail

>>	Anonymous Mon Jun 20 17:56:39 2022 No.49848004 >>49846331 Why hold just fiat when you can earn 40% APY by staking RFOX. I find the way they have integrated the aspects of defi, metaverse, and p2e into their ecosystem to be remarkable.

Anonymous Mon Jun 20 18:02:36 2022 No.49848148

>>49838911
>I'm a poorfag
i get it and i sympathize with you, but
>even 2$ a day of interest, is a big deal for me
get the fuck outta here
maybe if you lived in a complete 3rd world shithole i could pretend to believe you, but even then you got internet access

>>	Anonymous Mon Jun 20 18:09:58 2022 No.49848326 File: 38 KB, 560x420, 9737FF7E-D78F-4D5D-A58E-F734CDDC2C3E.jpg [View same] [iqdb] [saucenao] [google] >>49848004 Are you RFOX?

>>	Anonymous Mon Jun 20 18:11:23 2022 No.49848359 File: 73 KB, 651x453, hands that typed this.jpg [View same] [iqdb] [saucenao] [google] >>49848004 Rajneesh, you’re in the wrong thread

Anonymous Mon Jun 20 18:49:13 2022 No.49849293

>>49848148
it's a big deal in the sense that, let's say in august LINK is at $4, by earning that interest in the meantime I am able to buy like 50 LINK more give or take...

I just want to buy more LINK bros (and DOT)

but ya after this thread i'm probably gonna withdraw into KuCoin and just wait to buy-in

Anonymous Mon Jun 20 19:11:41 2022 No.49849898

>>49839925
dude coinbase almost went broke in 2018 by not using segwit and sticking to the stupid btc vs bitcoin cash narrative. They literally didnt had enought btc to cover the btc otx in case their clients decided to move their btc out. Literally a retarded architecture built by armstrong the cuck. and yes he is a cuck as i bang his wife on regular basis

t.rich latin yoga teacher

>>	Anonymous Mon Jun 20 19:14:44 2022 No.49849982 >>49839925 >and it doesn't cost you anything Doesn't it cost gas fees to move to and from a wallet?

>>	Anonymous Mon Jun 20 19:25:50 2022 No.49850242 So tomorrow is the day?

>>	Anonymous Mon Jun 20 19:35:57 2022 No.49850478 >>49837660 This. I always always paranoid of some shit plus I thought APRs of like 2% was pathetic anyway. I'd rather 100% self custody my moon ticket then risk it to a black Swan for a meagre fucking reward

>>	Anonymous Mon Jun 20 19:40:16 2022 No.49850558 >>49838332 with everything going on you would be absolutley retarded to leave anything on exchanged im itching for my ACHs to clear so i can get my stinks off exchanges and 50k did i just get b8td ?

>>	Anonymous Mon Jun 20 19:41:50 2022 No.49850594 >>49839209 > only 20k entities can hold this much link > be this retarded youre gonna have a rough time with your fortune please get into meditation anon and more than one ledger...

Anonymous Mon Jun 20 19:43:07 2022 No.49850628
File: 99 KB, 995x1024, 1655349104588.jpg [View same] [iqdb] [saucenao] [google]

>>49838332
Ah, Binance ran out of ICP at one point when a giga whale pulled like 22m from them but the order books were still there behind their account.

They paused trading and bought OTC and like doubled the APR.

There were threads about it but archvies are fucked now. Get your link the fuck off there

>>	Anonymous Mon Jun 20 20:06:18 2022 No.49851217 >>49843530 Anon.. I’m retarded and even I knew to not take loans out on my LINK

>>	Anonymous Mon Jun 20 20:26:42 2022 No.49851751 >>49844566 if you lose your link you deserve it with that said best of luck i hope it goes well for you

>>	Anonymous Mon Jun 20 20:28:52 2022 No.49851792 >>49846627 >free money for the people who liquidate you, yes

>>	Anonymous Mon Jun 20 20:39:34 2022 No.49852040 >>49846242 What If you gave me a reach around while I slapped you in the mouth?

>>	Anonymous Mon Jun 20 20:41:04 2022 No.49852065 >>49837619 No they didn't you stupid dirty nigger

>>	Anonymous Mon Jun 20 21:11:14 2022 No.49852766 File: 602 KB, 1080x2068, Screenshot_20220620-151031_Chrome.jpg [View same] [iqdb] [saucenao] [google] We're gonna be OK bros checkem

Anonymous Mon Jun 20 22:08:43 2022 No.49853922
File: 158 KB, 1418x1160, 5jehIz4.jpg [View same] [iqdb] [saucenao] [google]

>>49852766
Checkd and based.
>>49844701
Good advice. I think this applies to all assets, not just LINK.
>>49844031
I was naive to think that NEXO is the only one doing this shit, while the truth is all of the CEFIs are doing the same thing. It's quite entertaining to watch the scramble for scraps of LINK as liquidity dries up. It is to their disadvantage that they are actually competing against each other in this trade, I wonder which of them will crack first.

Anonymous Mon Jun 20 22:27:23 2022 No.49854311

>>49846202

Move it to coonbase or binance if not you’re own wallet. You give them ammo to suppress prices of your assets. In light of all these cefi apy reductions and deleveraging its not safe anymore . Wait 2/3 months. Why the fuck would you risk them locking out 700k like celsius

>>	Anonymous Mon Jun 20 22:28:43 2022 No.49854341 >>49846301 Because its cheap to borrow and liquid. At least last year. Look up “carry trade”

>>	Anonymous Mon Jun 20 22:56:47 2022 No.49854904 File: 41 KB, 720x909, 1630409315633.jpg [View same] [iqdb] [saucenao] [google] >>49846202 >I swim in piranha-infested water and I had never been bitten whatsoever.

>>	Anonymous Tue Jun 21 00:05:49 2022 No.49856257 >>49838332 Why would you even wait for proof, if you have 50k link not spread across multiple hardware wallets, you are a RETARD. I have 35k spread across trezor, ledger, paper wallet, and a small amount on exchanges like kucoin and injective

Anonymous Tue Jun 21 01:11:35 2022 No.49857401

>>49845352
Anon, they were making trades WITH YOUR LINK. Your link is not on Nexo platform, the balance you view on your account is basically an IOU as they're taking said Link and other tokens are using it as collateral for other trades. Did you not follow the story on how Celsius fucked up and can't afford to pay back all their customers' funds?

Anonymous Tue Jun 21 01:11:50 2022 No.49857403

Nexo just moved 1 million LINK to their Nexo2 withdrawal wallet to cover customer withdrawals:
https://etherscan.io/tx/0xdc70cbd286b5b2c406f29a042117cd23bb689466970c3afabfd3acf8acaab739

They only have 600-700k LINK remaining outside of this Nexo 2 wallet if they want to keep shorting.
The last 500k is on Aave on Avax:
https://snowtrace.io/address/0x6914fc70fac4cab20a8922e900c4ba57feecf8e1

It's starting to become stressful for their position.
If the withdrawals continue they may run out of LINK in the next 10 days and will be forced to buy back.

>>	Anonymous Tue Jun 21 01:12:29 2022 No.49857412 >>49845536 You'll be able to start a dynasty in the 1% if you're patient enough.

>>	Anonymous Tue Jun 21 01:13:58 2022 No.49857433 get out of nexo!!!!!!!!!!!! asap you have been warned

>>	Anonymous Tue Jun 21 01:22:01 2022 No.49857594 >>49857401 Anon, yes this is how exchanges work thank you

>>	Anonymous Tue Jun 21 01:31:11 2022 No.49857760 File: 63 KB, 960x540, and it's gone.jpg [View same] [iqdb] [saucenao] [google] >>49857594 That's how scams work. Thanks for playing!

>>	Anonymous Tue Jun 21 01:32:57 2022 No.49857792 File: 386 KB, 666x374, 62963788cf544134f5beef02_And its gone.png [View same] [iqdb] [saucenao] [google] >>49857760

>>	Anonymous Tue Jun 21 01:34:52 2022 No.49857842 >>49852766 checked

>>	Anonymous Tue Jun 21 01:35:22 2022 No.49857851 File: 151 KB, 806x751, 2D93AE18-A8A6-45D5-8D76-B07E34C57544.jpg [View same] [iqdb] [saucenao] [google] >>49857433 They are going under. Simeon of nexo will soon perish (figuratively)

Anonymous Tue Jun 21 01:44:47 2022 No.49858066
File: 161 KB, 2000x2000, Nexo end.png [View same] [iqdb] [saucenao] [google]

>>49857792
Why can't you meme?
No one will read that barrage of text.
Truth is simple and easy to understand and only liars try to manipulate their way out of it with text barrages.

Here an example:
CeFi not needed!

>>	Anonymous Tue Jun 21 02:03:44 2022 No.49858447 >>49844165 It's a representation of a fallo, mocking "g*d".

>>	Anonymous Tue Jun 21 02:06:49 2022 No.49858512 >>49856257 Im a newfag, why so many wallets? Just for protection?

Anonymous Tue Jun 21 02:16:45 2022 No.49858746

>>49838911
>just in case I transferred it all out to test, but had no issues and it was executed in less than 30min so that gave me confidence and I transferred it back the next day.
And this is how stupid fucks lose their money. They believe on a broken system because "its working now".

Yeah it is working, until it isnt. And suddenly you have nothing.

>>	Anonymous Tue Jun 21 03:27:50 2022 No.49860339 Is it safer to leverage trade on binance instead of aave? I lost 5k links from last month and need to make them back.

>>	Anonymous Tue Jun 21 03:35:19 2022 No.49860477 File: 27 KB, 498x361, average leverage trader.jpg [View same] [iqdb] [saucenao] [google] >>49860339 Just cut your losses.

>>	Anonymous Tue Jun 21 04:09:38 2022 No.49861057 >>49837619 Linkies are getting as bad as XRP schizos, no one wants or needs your stupid token.

>>	Anonymous Tue Jun 21 04:38:54 2022 No.49861532 >>49861057 NEXO desperately need it, hence the panic as users mass withdraw from them

>>	Anonymous Tue Jun 21 04:51:00 2022 No.49861738 >>49861057 just let them be retards lol

>>	Anonymous Tue Jun 21 04:55:28 2022 No.49861802 >>49844526 Hahaha I just woke up and was a bit groggy but this post was like a line of cocaine. Nice one, you fucking chad.

>>	Anonymous Tue Jun 21 05:10:47 2022 No.49862017 >>49857403 Look at pic related. A few hours after Celsius deposited on aave there was a 1.5mm withdrawal and some smaller amounts. Any way to trace it? When i click on it the link breaks, something wrong with aave watch

>>	Anonymous Tue Jun 21 05:11:53 2022 No.49862031 File: 536 KB, 1125x2290, E47795EC-9D32-443F-A6DC-BC652686791F.jpg [View same] [iqdb] [saucenao] [google] Forgot pic

>>	Anonymous Tue Jun 21 05:18:40 2022 No.49862119 anyone else pretty comfy enjoying that sweet APR?

>>	Anonymous Tue Jun 21 05:23:46 2022 No.49862180 File: 763 KB, 1200x1200, 1537754132887.jpg [View same] [iqdb] [saucenao] [google] >>49857403 You're a godsend WGMI

>>	Anonymous Tue Jun 21 05:24:53 2022 No.49862200 >>49862119 >anyone else pretty comfy enjoying that sweet APR? comfy? how do you people sleep at night when celsius rugged last week and nexo is proven to be a bulgarian scam? what the fuck is wrong with you people

>>	Anonymous Tue Jun 21 05:29:16 2022 No.49862263 >>49862200 what do you want me to do? Keep watching as my stack decreases in value? At least I'm gaining something in this shitty market.

Anonymous Tue Jun 21 05:30:01 2022 No.49862274

>>49858512
Yes, but also for more privacy later when LINK is 4+ digits. Imagine buying something from a web store with a wallet that has 2000 BTC in it. The ledger is public, data is oil, someone will eventually pay to have this information (a multimillionaire had this latex doll delivered at coords(xxxx), probable easy pray for kidnapping or just general burglary).
You could in theory have a spending wallet that you fund by sending stuff to an exchange and then to the wallet, but the exchanges themselves eventually go under and the data they have on whales is up for sale. Including IP addresses etc.
Privacy is hard.

>>	Anonymous Tue Jun 21 05:30:26 2022 No.49862282 >>49862263 You're going to lose everything lol.

>>	Anonymous Tue Jun 21 05:32:30 2022 No.49862318 No, people lost their stack for a measly 7% APY. No one is gonna touch your nigger faggot protocol.

>>	Anonymous Tue Jun 21 05:32:40 2022 No.49862323 >>49837619 I have been away for so long bros. Tell me, is this it for simeon? Or is simeon ending the retardofags?

>>	Anonymous Tue Jun 21 05:33:32 2022 No.49862332 >>49862119 >>49862318

Anonymous Tue Jun 21 05:35:36 2022 No.49862371

>>49862263

He already lost everything. He traded some APY for gains. They shorted it to the ground. He’s probably a poorfag with a 1k stack, so take the weekly 50 MA which is $12, assume he got 5% apy so 50 LINK so $550 at yesterday’s prices. T was half that a couple days ago. He traded sitting at $50+ LINK even now after market crash in exchange for $250 for a year of interest.

But soon he’ll lose it when NEXO block withdrawals or give him Nexo tokens instead

Anonymous Tue Jun 21 05:35:44 2022 No.49862373

If u guys are feeling devilish its time to shill to reddit and twitter and make normies take out their funds from nexo.
Organizing bank runs are not illegal in crypto.
Cryptos not supposed to operate on fractional reserve banking though.

I would bet money that nexo is insolvent.
Just need an abive average amount of people withdrawing, it should be easy since normies are seeing celsius, luna, and bancor collapse.
Also this would teach a lesson to these companies about honest pracitices.
Chainlink PoR solves this btw

>>	Anonymous Tue Jun 21 05:37:37 2022 No.49862410 >>49858066 >barrage of text >posts barrage of text Your image literally has 1 word less then mine.. Lmfao

>>	Anonymous Tue Jun 21 05:40:31 2022 No.49862465 >>49862119 >losing your stack for a measly crumb of apr. rats enjoy the small amount of cheese in the trap before it gets them, they are happy as fuck at first fir finding free cheese. Then... They d-ACK

>>	Anonymous Tue Jun 21 05:41:05 2022 No.49862478 >>49862371 >>49862465 I have my whole stack with nexo, 80K LINK. So far I received 4K LINK in interest. I haven't lost a single LINK. Just admit you're jealous that I have a steady stream of interest while you hold your LINK in a cold storage.

>>	Anonymous Tue Jun 21 05:42:19 2022 No.49862504 >>49862263 You honestly deserve losing it all, im sorry if ur a real anon and not a shill but some of you guys desperately need to learn these lessons. This is not what crypto was meant to be about

>>	Anonymous Tue Jun 21 05:43:38 2022 No.49862529 File: 2.12 MB, 640x360, 1653963664520.gif [View same] [iqdb] [saucenao] [google] Idiot here. Is exodus a safe wallet?

>>	Anonymous Tue Jun 21 05:44:04 2022 No.49862534 File: 348 KB, 1158x722, 1654147408142.png [View same] [iqdb] [saucenao] [google] >>49837619 they have figured out that if you control link you control the market of the entire world

>>	Anonymous Tue Jun 21 05:44:10 2022 No.49862538 >>49862478 9/10 Bait (You) has been deposited into your account

>>	Anonymous Tue Jun 21 05:46:47 2022 No.49862577 Could we manipulate a similar rally of GME tards to target chainlink and fuck the shorters?

>>	Anonymous Tue Jun 21 05:49:17 2022 No.49862612 >>49846113 that was the debate between schiff and the celcius kike "yield on bitcoin" was mentioned

>>	Anonymous Tue Jun 21 05:54:09 2022 No.49862686 >>49838692 thank you for your detective work anon

Anonymous Tue Jun 21 06:09:09 2022 No.49862910

>>49862577
The GME rally was orchestrated by a rival hedge fund which figured they could wreck melvin's naked shorting. Retail was a smokescreen and a convenient bag depository when the big boys were done playing.
It was not grassroot. It wasn't "us".
What you can do is help bring the vulnerability of the cefi LINK shorts to the attention of a whale group, by distributing the wallet autism infographics some anon made.

>>	Anonymous Tue Jun 21 06:21:29 2022 No.49863138 File: 59 KB, 600x345, chris-farley-van-down-by-the-river.jpg [View same] [iqdb] [saucenao] [google] >>49845555 fuckin checked

>>	Anonymous Tue Jun 21 06:33:24 2022 No.49863287 >>49841309 >If they manage to bring the price down to $3-4 it's important to not panic and sell. i've got large laddered buys from $5 down

>>	Anonymous Tue Jun 21 06:37:23 2022 No.49863307 >>49841760 then I could buy 10,000 more then

>>	Anonymous Tue Jun 21 06:52:09 2022 No.49863401 >>49845555 checked and kek'd

>>	Anonymous Tue Jun 21 07:32:51 2022 No.49863759 Retard here: why Nexo failing Link short would be a risk for my USDCs deposited on my Nexo account?

Anonymous Tue Jun 21 07:42:13 2022 No.49863857

>>49863759

Because they will be insolvent. They are way over exposed to leverage via link. If they lose this short, they will be forced to acquire LINK to pay their loans and debts in LINK(and god knows what else) anyway, which means taking whatever collateral they possibly can get, ie YOUR usdc/btc/eth/shitcoin.

When they cover short how do you think they borrow link? By using your USDC to deposit on aave as collateral or somewhere else in exchange for LINK to cover

Anonymous Tue Jun 21 07:58:08 2022 No.49864025

>>49837619
When I dug through, it looks like they had a bunch on vesper finance. The rest were on binance etc.
They probably reigned in a lot of their tokens they had embedded in farrms because staking is coming (5% APY) and the house of cards risk in the defi market right now. The binance stack would just be trying to hide the source or would be part of their trading (shorting) funds. Shorting link after staking was annouced with a 5% apy is a bit like playing russian roulette with 4 chambers loaded. People will be building positions to get into the 5% yield pools since it's more certain and less risky. Then the whole system will grow from there and give better yields/token prices as it expands from one price feed to hundreds of price feeds (increasing demand dramatically), then staking is applied to other services such as CCIP that will have shitloads of value attached to it and will require staking.

Anonymous Tue Jun 21 08:02:11 2022 No.49864081

>>49862017
We can see the LINK borrowed from Aave on ETH here:
https://etherscan.io/token/0x0b8f12b1788BFdE65Aa1ca52E3e9F3Ba401be16D#balances

Cloudfare is having problem and taking down the web with it but if you try again it should work.
You can track the movements in variableLINKdebt and stableLINKdebt on the blockchain for borrows.

We can see the AaveinterestbearingLINK holders here:
https://etherscan.io/token/0xa06bc25b5805d5f8d82847d191cb4af5a3e873e0#balances

Celsius adding the 5 million LINK to Aave on ETH reduced the interest rates the Okex related borrower has to pay. This is proof that they are working together shorting LINK.

>>49863759
Everything you deposited on Nexo is virtual and does not exist from the moment it arrives in their wallet.
The Nexo app may display you own those USDC tokens but it does not prove the same is the reality on the real blockchain.
If they go bankrupt they cannot give you back that USDC. In that situation you would lose a % of your crypto wealth for example like 30-60% of it could be gone. Is it worth it to risk losing everything for a 8% interest?

Anonymous Tue Jun 21 08:04:26 2022 No.49864110

>>49864025
Nexo got short squeezed once. They are that stupid.
Celsius deposited 6.7million LINK on FTX 2 days ago and quickly withdrew it to Aave after we found out.
They are that desperate for money and are hoping for easy money from Chainlink because they don't want to accept their losses and are too narcissistic to admit their failures and incompetence.

Anonymous Tue Jun 21 08:11:23 2022 No.49864205

>>49862017
Someone added 1.5million LINK to Aave in the last 2 days from this wallet:
https://etherscan.io/token/0xa06bc25b5805d5f8d82847d191cb4af5a3e873e0?a=0xc54bd1f466f2f4f36de59f4024e86885386d6f1b

Interesting... LINK was brought from Binance in an attempt to hide the owner of the wallet:
https://etherscan.io/address/0xc54bd1f466f2f4f36de59f4024e86885386d6f1b#tokentxns

This could be a group adding liquidity for a future dump with borrowed LINK from Aave.
They are trying to hide their tracks through Binance.

It seems they are still planning to dump collectively LINK with all the remaining LINK from Aave in one final attack.

Anonymous Tue Jun 21 08:32:44 2022 No.49864477

There is 14 million LINK on Aave currently they can borrow for a quick dump.
That would be $100 millions worth of token they may try to scam dump on the markets.
They already dumped at least 10 million LINK in the last months for another $70-80 millions.

3AC's liquidation caused a lot of the current pain in the market.
They liquidated more than 170k ETH on the market for $250millions.

If a whale wants to get cheap LINK before the future announcements of CCIP and everything else now would be the perfect time for this.
They could get 10 million LINK from the future Aave LINK borrower working for a CeFi platform and enjoy liquidating the CeFi platforms who kept shorting LINK for 2 years.
LINK will also instantly pump and they can do an easy x2 after liquidating Celsius, Nexo and the rest of this group.

Celsius is currently doing market manipulation to pump their CEL token on FTX against a big short seller.
If they want to deal a fatal blow to Celsius catching their future dump and doing open advertisement on social media of their short attack would completely destroy any customer support they may still have.
Also lending LINK on Aave does not guarantee Celsius can get that LINK back after this dump attempt.
The most likely scenario is that Celsius will borrow their own LINK from Aave with a secret wallet and try to hide their tracks, but it will just keep adding to their losses.

Anonymous Tue Jun 21 08:37:54 2022 No.49864551

A final note to Aave.
We have seen Celsius scamming Bancor recently with their massive LINK withdrawal while they shorted Bancor hoping to make money from this.
Bancor protected themselves against this attack by pausing the IL protection making the short from Celsius into a possible future loss or barely break even.

If a liquidity crisis happens with LINK after the final dump of this 10-14 million LINK, Aave will be in the uncomfortable situation of having to buy back almost 20 million LINK from the market.
In a way this may be CeFi's attempt to cheat DeFi platforms as we have seen with Bancor into shorting LINK with them while moving the risk to their platform for their evil actions and making money of it.

Celsius may open a short on Aave and try to short them if their LINK pump fails, as they will be impacted and take losses while buying back LINK.
I would suggest Aave to change their platform contract on LINK borrowing to reduce the risk of a future attack and to prepare a way to disable their buy back program for the main lender Celsius if this worst case scenario were to happen.

They could reduce the borrowing amount to 65 or 55% of the total collateral and their liquidation threshold to 70% for example while removing the need to pay back their LINK loan to the Celsius lender wallet in case of a crisis.
If a liquidity problem with LINK happens and Aave has to buy back 10-20 million tokens that could cause the Aave platform a $50-100 million loss.

>>	Anonymous Tue Jun 21 08:42:22 2022 No.49864629 anon you should do a graph or picture on this, nobody can follow 50 single posts coherently

>>	Anonymous Tue Jun 21 08:45:36 2022 No.49864678 Not only that but it get buried by "fun" link fud threads.

Anonymous Tue Jun 21 08:52:01 2022 No.49864774

>>49864629
Not sure how to do that.
I have been writing my thoughts on 4chan, but then I would need to make a summary.

For now the most important part may be the watch Aave for a new borrower:
https://app.aave.com/reserve-overview/?underlyingAsset=0x514910771af9ca656af840dff83e8264ecf986ca&marketName=proto_mainnet
Top holders of variable debt borrowed LINK
https://etherscan.io/token/0x0b8f12b1788BFdE65Aa1ca52E3e9F3Ba401be16D#balances

Top holders of aLINK lending LINK to Aave
https://etherscan.io/token/0xa06bc25b5805d5f8d82847d191cb4af5a3e873e0#balances

The moment there is a move there we can expect a dump to happen.
What to do then?
We need enough buying pressure to buy back all those possible 10-14 million of LINK tokens and to withdraw them from exchanges after buying it.
After the dump happens do not panic.
The result of this final attack may only be seen after a few days or weeks when some of the short sellers start to get margin called (customer withdrawals from CeFi and exchange liquidations)

>>	Anonymous Tue Jun 21 08:52:19 2022 No.49864778 >>49864678 The people that need to see it have seen it. The retards who will lose all their assets especially LINK when Nexo locks them out next are getting what they deserve.

>>	Anonymous Tue Jun 21 08:59:01 2022 No.49864867 >>49864774 Thank you anon for your work

Anonymous Tue Jun 21 08:59:48 2022 No.49864882

>>49864774
Make a good summary fren, been reading snippets of your thread. From what I know is this accurate?

>Kwontagion affects CeDeFi, spreads to Bancor (Celcius were large LPers of Bancor)

>LINk starts to offer actual 5% protocol APY.
A.k.a as close to "risk free" rate.

>People will not leave funds in CeDeFi like Celcius/Nexo/Blockfi, esp after the fiasco and fear in market, and rumours of insolvency affecting even Blockfi.

>CeDeFi known to short LINK to offer yield. Because lets be real, who offers yields for LINK during a market prior to staking other than to degen farm or to short it?

>So now CeDeFi is now stuck in rock and hard place. Known to borrow LINK from places like DeFi and short it for profit, provide haircut to CeDeFi users. Biggest example was Zeus/Nexo, pretty much clear cut evidence they do this.

Now all of these platforms are desperately eating each other (or even working together). What's the end game and what are the possible outcomes?

Anonymous Tue Jun 21 09:08:52 2022 No.49864979

>>49864882
Yes.
To add to this Celsius seems to be attacking DeFi protocols while shorting them to try to make some money.
They likely have shorted Bancor and engineered the current fud campaign, while withdrawing their 3 million LINK, but didn't expect Bancor to pause the IL protection making it a failed attack.
They may be doing something similar to Aave next through their LINK borrowing, making aave the middle men of their future short attack and moving the future losses from trying to buy back 10 million tokens to them. In this case they may also short Aave if their LINK dump fails.

Celsius were the target of a short attack on their CEL token and are doing a mass media campaign against FTX to draw them as the evil short seller trying to cause a short squeeze on the CEL token.
It's possible to hit back at them by causing them losses on LINK but they won't have to buy back the tokens until the users do something to force Celsius into bankruptcy.

Anonymous Tue Jun 21 09:15:23 2022 No.49865051

>>49864979
Bancor was a failed protocol design that was not resilient to the bear and whales (in this case Cel) withdrawing it seems.

So they are borrowing LINK from aave (which explains why the deposit yields on aave have risen) to dump it and short, to save themselves?

If so, why is LINK still pumping and out performing the market? Could it be they (nexo, blockfi, which have not paused withdrawals) are borrowing to pay users back as well? Is it a mix of both you reckon?

Anonymous Tue Jun 21 09:15:43 2022 No.49865054

>>49864882
Condense a sharable summary into 3 paragraphs
1. Summary of the situtation
2. Current positions of the CeDeFi suppressor entities and their liquidation prices (with etherscan links for wallets/txs)
3. What retail holders and any opportunistic whales should do to pressure these CeDeFi entities into submission or liquidation

Anonymous Tue Jun 21 09:17:32 2022 No.49865068
File: 41 KB, 1478x331, uhoh.png [View same] [iqdb] [saucenao] [google]

>>49864979
Yup, shorting BNT via FTX. Literally 1M BNT per day is being sold to surpress it going up. Meanwhile Bancorchads blocked them from withdrawing their BNT rewards. Smart play here is to go long on BNT and wait for the squeeze. Celsius did a 5x in 1 week. With a 2x long you can add a zero to your portfolio in 1 week time with 1 trade.

Anonymous Tue Jun 21 09:18:29 2022 No.49865082

>>49865051
Because a unknown third party is buying.

Could be people just buying the massive 2 year low, like whales, could be Sergey, or just small fry swapping profits back in for staking.
All we know is their previous attempt to dump on the initial crash failed thats why they are doubling down and adding leverage

Anonymous Tue Jun 21 09:18:54 2022 No.49865088

>>49864882
Possible outcomes are difficult to predict.
Liquidating CeFi won't be like with 3AC.
Their collateral does not directly come from exchanges but from customers.
Only the customers can liquidate CeFi through withdrawals, but adding more losses and preventing CeFi from making profits from shorting their customer's asset will speed up this process.

We may see ETH dumping again however if LINK/ETH goes too high and there direct is a liquidation process, but this LINK->stETH trade is completely hidden and only the stETH/ETH ratio can give us an indication as to this situation.
If it goes back to 99% the ETH liquidity issue will be solved, but if it goes lower to 80-70% a liquidation cascade could be triggered.

Worst case scenario is they manage to dump the price of LINK to $3-4 and cause more liquidations from Aave borrowers.

A neutral scenario is they give up and buy back their token with a slight loss while hiding this and making us think they are planning to dump.

>>	Anonymous Tue Jun 21 09:21:00 2022 No.49865112 >>49864979 >They likely have shorted Bancor they CONFIRMED shorted Bancor https://etherscan.io/tx/0x5455a52b523784775b09595879b91e1a0fce6bc0fa3b4b17d4e0efdee54d1698

>>	Anonymous Tue Jun 21 09:27:35 2022 No.49865177 >>49864778 Thanks for the warnings frens. Withdrew my stinkers last night.

>>	Anonymous Tue Jun 21 09:30:13 2022 No.49865199 >>49864979 Is it possible that Celsius as shorting bnt and at the same time bancor as a protocol is a failure?

>>	Anonymous Tue Jun 21 09:34:28 2022 No.49865252 >>49865051 Worst case, it means they haven't sold yet. They've moved it to exchanges, but that doesn't mean they market sold it - in their shoes I'd prepare a big scamwick to below $1 while keeping enough to crush any attempted rally.

Anonymous Tue Jun 21 09:38:36 2022 No.49865319

>>49865112
They moved a lot more BNT 640k on the 16th of May here:
0xfc3ec43203f861356b45489b309e2d91a50255bd789811d3bb2ea6db8baebf54

700k + 1 million borrowed would be 1.7 million sold at $1.2 for $2 millions.
There is also a 2.6 million open interest for leverage traded BNT on FTX.
Some of it could be from Celsius adding another $1-2 millions.
But this seems like a small amount of money compared to their previous profits while shorting LINK.
Are they that desperate?

Could someone make an info graphic with some of the deposits Celsius did to FTX to short LINK and BNT and show the price graph with the deposit date? 1 for LINK and 1 for BNT
We need solid prof of Celsius shorting their customer's deposit and to spread this on social media to spread awareness.

For LINK with this 1 million LINK deposit to FTX on the 9th of June (show the LINK price dump after this) :
https://etherscan.io/tx/0xc751daa3352a2641fffaea32cfae93bd566074b6b47fa4787d81aba955f8661f

Then their cancelled attempt to dump on FTX with 6.7 million LINK directly.
Deposited 6.7 million LINK
https://etherscan.io/tx/0x57a27db9d9715df0dda90b2cfbf47f7386802ef6aee519ce0dd94d35e63f918c
Withdrew quickly 5.8 million LINK from FTX after we found out their operation (and already sold 900k?):
https://etherscan.io/tx/0x3362dafd405e2382f65da92fcffc8bb3d685e519e4b77401da53d125c8216b8c
Moved to the Celsius 11 Wallet:
https://etherscan.io/tx/0xb0400e2d7a54f693178b6383a979c0a7d377987c8ea58f449016102ad2dd3d5b
Deposited on Aave for Alink (biggest 3 million LINK operation here)
https://etherscan.io/tx/0x2ff3d7da8284df94c548d106d0e04ad0f7d9aeaac477fa4fbd524f01c02d9057

This is a battle of spirit.
We need to break the spirit of Celsius and other CeFi users to make them see that their exchange has been playing against them by shorting their own assets for yield.

>>	Anonymous Tue Jun 21 09:41:19 2022 No.49865348 So what is the general play for us? Try to sell of around $10 and wait for them to dump and buy it back up?

Anonymous Tue Jun 21 09:44:29 2022 No.49865390
File: 178 KB, 1050x1120, __yazawa_nico_love_live_and_1_more_drawn_by_kurokawa_makoto__a2be32ee942c61586efd11e2e7f91237.jpg [View same] [iqdb] [saucenao] [google]

>>49865348
Firstly, imagine nico-nii rubbing her ass against your cock, milking out some pre-cum whilst insulting you for bagholding link.

>>	Anonymous Tue Jun 21 09:46:27 2022 No.49865424 File: 1.46 MB, 1082x920, y...yes.png [View same] [iqdb] [saucenao] [google] Imagine being tied up on Nico's bed with her standing above you squashing your cock and balls under her sweaty feet. \|This is what happens when you hold Chainlink.

Anonymous Tue Jun 21 09:46:36 2022 No.49865426

>>49865199
Their BNT IL protection carries a big risk short term which could be compensated long term and with a better risk management.
As a simple liquidity provider like Uniswap or Sushiswap they would be ok.
They need to find a better model which makes it difficult for LP providers to leave and makes them long term investors without inflation.

Celsius has 2 reasons to short BNT.
One would be to recover their LINK sold by the LP protocol after withdrawing by selling BNT before their 7 day cool-down and they finally withdraw it.
This way they can sell earlier before the panic starts at a higher price and just need to give back the borrowed BNT from their withdrawal.

The second is to make money while doing it.
If they only wanted to recover their lost LINK they didn't need a fud campaign and could have just sold borrowed BNT while waiting for their withdrawal and make it into smaller withdrawals over 1-2 months.
Did Celsius panic because of a possible price increase in Chainlink and make them want to get everything quickly?

Anonymous Tue Jun 21 09:50:19 2022 No.49865480

>>49865054
Alright will need SX+JqSSt to come up with the transaction links here.

1: Summary
Contagion affecting LUNA/UST backfires and blows up on CeDeFi like Blockfi, Celcius, Nexo.

One risky strategy is how they earn yield from shorting tokens of users. The most obvious example is LINK, a token that had no yield prior to staking.

What these funds did was provide yield for your LINK, while the same time shorting it, keeping the haircut. This has been proven with Simeon/Nexo/Zeus capital (someone needs to post proof here).

Now market is rekt, they are increasingly doing stupid shit. Celcius for example is massively dumping their BNT tokens and shorting it, causing Bancor to freeze their impermanent loss protection.

What can you do? Gtfo and withdraw your funds from these platforms. Most of them are collapsing and are resorting to some of the most degenerate shit.

Btw for NEXO proof I actually wrote a twitter thread previously (lost the account though since i don't tweet much)

https://twitter.com/linkplebian/status/1405155116487905284

^proof of market manipulation and FUD here.

Anonymous Tue Jun 21 09:50:53 2022 No.49865484

>>49865348
Spread awareness of Celsius shorting LINK and Bancor.
Info graphics of their deposits to FTX would be great for this. Someone needs to make this.

Watch Aave LINK to catch the future big dump from the next borrower:
https://app.aave.com/reserve-overview/?underlyingAsset=0x514910771af9ca656af840dff83e8264ecf986ca&marketName=proto_mainnet

Add limit buy orders to catch their dumps at $5.5 with money you can afford to lose.
Remove all your LINK liquidity from everywhere to private owned wallets and be prepared to endure pain in the crypto markets.

Anonymous Tue Jun 21 09:54:43 2022 No.49865540

>>49865484
It's worth adding that the BNT shorts, which were "free money" as long as the IL protection hyperinflationary printer was turned on, are now extremely shaky trades now that it has been turned off.
Celsius is already out of ammo in terms of dumping the BNT they had on hand, but they expected millions if not tens of millions of BNT in ILP payouts that now simply will not come into existence.
And while Bancor is completely fucked they are still completely within their rights to just leave the ILP printer off indefinitely, much longer than CeFi can keep funding their shorts.
I honestly wouldn't be surprised if we saw a BNT short squeeze, where BNT moons while the project lies there comatose.
Considering that BNT shorts were a huge hedge for both NEXO and DeFI, this will be a massive hit on top of everything else.

>>	Anonymous Tue Jun 21 09:55:44 2022 No.49865555 >>49865540 I meant "NEXO and Celsius" in the last sentence.

Anonymous Tue Jun 21 09:57:59 2022 No.49865579

>>49865480

Don’t forget how Nexo immediately made a fake extremely public buy out offer for Celcius once they noticed users mass withdrawing from Nexos own platform(on chain proof) but it was nothing more than an attempt to appear strong and stop people withdrawing.
The wuick refill they did for LINK has already been drained and they were forced to refill again their withdraw wallet as users are rapidly withdrawing putting them at risk of a liquidity crisis.

>>	Anonymous Tue Jun 21 09:59:18 2022 No.49865594 >>49865540 This 100%. Shorting link and bnt was the bread and butter for cefi. I expect both to pump massively soon

>>	Anonymous Tue Jun 21 10:00:48 2022 No.49865606 >>49865594 And then they dump. This timing will make or break me.

>>	Anonymous Tue Jun 21 10:01:47 2022 No.49865617 >>49865606 BNT will dump after the pump. LINK on the other hand will be in uncharted waters with its largest suppressors suddenly taken out of the game.

>>	Anonymous Tue Jun 21 10:02:26 2022 No.49865624 >>49865068 Do you know how many BNT Celsius will get from their withdrawals without IL protection and when?

Anonymous Tue Jun 21 10:04:04 2022 No.49865641

>>49865624
They don't get any. They already dumped all the BNT they had already (millions), but with no ILP protection all they will get is about 50% of their TKN positions and that's it. There is almost no downward pressure on BNT any more, it's not hyperinflating, they have no liquidity to dump it further, and their shorts are getting more expensive every day.
Celsius dumping all their BNT is what took it from $1-$0.60 in the first place.

>>	Anonymous Tue Jun 21 10:07:15 2022 No.49865686 >>49865617 Yeah, I was refering to AAVE dumping link. Timing that right means doubling your stack.

Anonymous Tue Jun 21 10:10:44 2022 No.49865725

>>49865579
In my thread I also detailed how fud threads and tweets often get derailed by bot supporters or paid shills trying to support NEXO.

The entire thing is a house of cards, I think BNT, alongside what happened with SNX, will short squeeze soon and fuck them up even more.

Anonymous Tue Jun 21 10:19:08 2022 No.49865833

>>49865725
>I think BNT, alongside what happened with SNX, will short squeeze soon
I honestly can't see how it could happen any other way. No more BNT is going to get created to cover ILP which is the whole premise of the shorts. With no hyperinflation and massive shorts that are getting more expensive by the day, Bancor can just sit there with ILP off until Celsius get blown up, and it's definitely game theory optimal for them to do that rather than paying Celsius millions of BNT for them to instantly dump.
This seems so clear, but I am still way too risk averse to long BNT. What are the alternative cases, though?

>>	Anonymous Tue Jun 21 10:47:30 2022 No.49866215 >>49865641 What is their total token position they are withdrawing from Bancor? 3 million LINK and 50% of that in BNT tokens? Does that mean they will receive 50% of their withdrawn LINK position soon in BNT tokens?

>>	Anonymous Tue Jun 21 10:50:04 2022 No.49866245 >>49865833 Is FTX the only place to long/short BNT? I lost half of my stack on Bancor...I dont fucking know what to do but I would like to somehow make up for the loss

Anonymous Tue Jun 21 11:59:21 2022 No.49867230

>>49865252
They’d need to convince panic selling, or force liquidations, and precisely time the point(s) to reel in their line. While they’re tracking a lot more info than we are, I doubt it’s perfect enough.
>Even the government running their hurricane making machine has a hard time predicting where the landfall will be.

Anonymous Tue Jun 21 12:11:25 2022 No.49867422

>>49866245
Why didn't you just buy insurance on Nexus Mutual? They cover protocol failure and the coverage is cheap. You'd get paid back in DAI or ETH though but you can get a lot more value covered than what the LINK was worth. You should have bought the cover from here and then simply done nothing and not withdrawn.

https://app.nexusmutual.io/cover/buy/get-quote?address=0x0000000000000000000000000000000000000022

You can get cover your LINK in Bancor for under 2.6% of its current value. If you pay in NXM token its real cheap. This was the real move not hamstringing yourself taking a 50% hit

>>	Anonymous Tue Jun 21 12:14:17 2022 No.49867465 >>49866215 They get zero in BNT. Bancor isn’t paying out IL any more. They don’t get a single BNT to service their shorts.

>>	Anonymous Tue Jun 21 12:15:18 2022 No.49867480 >>49867422 Check the terms carefully I’m pretty sure nexus only covers smart contract failures which is not what happened here.

Anonymous Tue Jun 21 12:20:25 2022 No.49867539

>>49867480

What is the risk then exactly? I'm not at risk I don't have anything on Bancor

The coverage states the following:

"Claims should be paid when users of the protocol suffer material financial losses due
to failures in either the protocol code, economic design, governance set-up or oracles."

This is poor economic design if the token goes to zero kek. Meanwhile if everyone simply waiting until Celsius was done shorting/raping the BNT token then things would be fine right? No one would get hit with IL and Bancor can cover the withdrawls.

You'd think the Bancor team would short their own token to account for inflation kek

>>	Anonymous Tue Jun 21 12:21:55 2022 No.49867568 >>49865617 >largest suppressor out of the game Somebody forgot about the Alameda wallets

>>	Anonymous Tue Jun 21 12:23:38 2022 No.49867587 >>49867465 The BNT market seems really calm and not very liquid right now. Seems like a setup for a short squeeze bug when will it start?

Anonymous Tue Jun 21 12:27:21 2022 No.49867662

After getting it out of Nexo, what's the best blockchain to keep USDC on? I know ETH will be the most universal, but also the most expensive to move. I'm trying to decide between SOL and MATIC.

>>49862529
Yes, it's non-custodial. Protect your keys though, as no one will be able to get them back for you

>>	Anonymous Tue Jun 21 12:40:45 2022 No.49867877 File: 25 KB, 1181x477, bnt.jpg [View same] [iqdb] [saucenao] [google] 16.6 ETH stupidly deposited to Bancor. What should I do? Take the 40% haircut right now, or wait and hope this blows over?

>>	Anonymous Tue Jun 21 12:41:44 2022 No.49867896 >>49842841 you are the shill

>>	Anonymous Tue Jun 21 12:45:12 2022 No.49867960 >>49867877 We all need to bite the bullet and pull our funds from these pieces of shit. We should’ve known better than to think there was a free lunch.

>>	Anonymous Tue Jun 21 12:49:27 2022 No.49868027 >>49867662 >sol is this bait?

>>	Anonymous Tue Jun 21 12:51:03 2022 No.49868058 >>49868027 No, sorry, forgot about the SOL stuff from the other day. Guess MATIC is the way to go, at least for cheap out of Bitrue. Just not familiar with that chain

>>	Anonymous Tue Jun 21 12:57:52 2022 No.49868171 >>49865068 Good post. BNT is looking like a good buy for short-term gains right now. 650% lending rates are insane, whoever's shorting will be forced to close if this keeps up.

Anonymous Tue Jun 21 13:10:12 2022 No.49868370

https://twitter.com/BlockFiZac/status/1539216594383028224
What is he planning?
Why give money to the CeFi scammers?
What would be the implications of this?
Give them more leverage for gambling and liquidate them later?

What are they going to do with this liquidity and how will it impact LINK?

>>	Anonymous Tue Jun 21 13:17:08 2022 No.49868498 >>49868171 I’m completely open to opposing ideas but I don’t see how it can end any other way. Bancor can just sit on zero ILP payments indefinitely. Is this the most obvious short squeeze in history? Somebody talk me out of it.

>>	Anonymous Tue Jun 21 13:20:09 2022 No.49868552 >>49867877 Checked, nice $28 reward.

Anonymous Tue Jun 21 13:23:06 2022 No.49868597
File: 108 KB, 1920x1080, 1515282691385.png [View same] [iqdb] [saucenao] [google]

>>49868498
From my point of view, if BNT didn't turbodump after they announced a pause of their ILP it means there is zero sell pressure on the token. They revealed bad news, and nothing happened. That's super bullish. Paired with the FTX lending rate and complete stop of BNT inflation the only logical conclusion is short squeeze.
Linkies with their positions stuck in bancor might make it after all.

>>	Anonymous Tue Jun 21 13:27:14 2022 No.49868663 >>49868498 I was starting to think the same fren. Somebody talk me out of it.

Anonymous Tue Jun 21 13:27:19 2022 No.49868667

>>49867960
That doesn't make any sense. They won't fail but if you withdraw they get your tokens of value and you get their BNT.

Bancor is literally laughing right now probably as they are getting tons of ETH, LINK, BTC, and stablecoins at massive discounts from people pulling out. In the long run if they don't fail this will be beneficial. They probably don't give a shit about the value of their own token.

They can't have the value of BNT spiral to 0 quickly but ultimately they will probably be okay. Also I'll have to check the value of vBNT. I'm sure anyone who was doing heavy borrowing can pay their loan back cheap now. I didn't think Bancor had liquidation points.

>>	Anonymous Tue Jun 21 13:27:47 2022 No.49868676 >>49868370 God knows. Im unsure how involved Blockfi are right now but its clear they were shorting LINK last year too. Will they bail each other out? Really hard to say at this point

>>	Anonymous Tue Jun 21 13:36:51 2022 No.49868862 >>49868552 kek this. 16 ETH which most people will never have, deposited to someone else to do god knows what with Stop using these platforms, all of them. I can't wait to see how staking btfo all of them

Anonymous Tue Jun 21 13:47:33 2022 No.49869118

>>49868676
It would be funny if some of this money went to buy back shorted LINK tokens.

>>49868498
There is no liquidity on FTX, and a bit more on Binance and BNT directly, and no selling pressure.
Seems like someone will have to find 1 million BNT sooner or later.
The real question is how much BNT is shorted in reality and if Celsius got a special liquidity line allowing them to short more than what they own.
How does the leverage part work?
The BNT-PERP funding rate is negative at -0.08% right now on FTX. This should be a hourly rate.
As a comparison the ETH rate is 0.0004% which is 200 times less and positive...

Can people short BNT on Binance too? How much is shorted here?

Anonymous Tue Jun 21 13:58:03 2022 No.49869384

Buying and selling 1 million BNT seems to cause a 10% price impact in the liquidity pool.
This may be what could reduce the short squeeze impact.

With 4 million BNT the price impact is 50%
The BNT-PERP contract has 2.6 million open contracts but I don't know how that impact the underlying spot price.

>>	Anonymous Tue Jun 21 13:58:09 2022 No.49869387 File: 95 KB, 750x422, studio-ghibli-video-backdrops-6.jpg [View same] [iqdb] [saucenao] [google] we GME now

>>	Anonymous Tue Jun 21 13:58:21 2022 No.49869391 >>49868862 Not "god knows what to do with", bancor is a decentralized AMM. everything they do with your funds is visible on etherscan.

>>	Anonymous Tue Jun 21 14:33:38 2022 No.49870176 >>49864551 email using proton mail wecare@aave.com

Anonymous Tue Jun 21 14:38:51 2022 No.49870301

>>49869118
My understanding was the BNT was so heavily shorted on Binance there was no more borrowing allowed on that pair.
Bear in mind that this was when everyone just assumed IL would get paid on the Celsius withdrawal and the token was going to die straight away.
That's why this situation is so nuts. Just a couple of days ago it seemed completely inevitable that BNT was about to enter a hyperinflationary death spiral, so demand for shorts was so high that even a platform the size of Binance couldn't accomodate any more.
Then they... just turned the inflationary mechanism off, and stopped withdrawals. So not only are Celsius not getting their 10 mil BNT to dump, but BNT holders on the platform can't even withdraw and dump.
And meanwhile all these shorts that are leveraged to the hilt, from entities like Celsius who literally have no wiggle room because they have to get as much as possible as soon as possible, suddenly are faced with the fact that the "inevitable" fatal sell pressure has just disappeared. Shit's crazy.

>>	Anonymous Tue Jun 21 14:41:41 2022 No.49870360 >>49870301 never play games with kikes unless you can checkmate in one move

Anonymous Tue Jun 21 14:48:37 2022 No.49870518

>>49870176
I don't think they can follow this warning, but wrote it here in case someone from their team checks /biz/
Changing the rules of their protocol for short term gains has a long term impact on their reputation.
In their case they may be better off taking a loss from this in the worst case scenario than making preparations to prevent this worst case scenario if they can take the hit.

The less risky for their reputation would be to decrease the borrowing % to collateral ratio or their liquidation threshold for LINK.
Maybe this is a time when DeFi platforms are tested.
If Aave survives the worst case scenario it will gain a lot of reputation and become stronger.

However FTX bailing out BlockFi may have changed the possible future scenario a bit to a more neutral one with no excess.
I think this may be a hidden way for FTX to subsidize the existing liabilities from BlockFi they were not able to repay.
The interest rates on LINK from BLockFi are really low at 0.1% for more than 500 LINK and at 1% for 100 LINK only.

While they certainly shorted LINK in May last year they may not be doing this since then.
The question is if FTX will do the same for other CeFi platforms, and if BlockFi had liabilities which would have affected the other CeFi platforms.

Anonymous Tue Jun 21 14:57:31 2022 No.49870712

>>49870301
Is there a way to know how many BNT was shorted on Binance?
It seems there was a massive dump with 2.5 million BNT in the last hour with a weak impact on the price, but it just broke a price trend line.
Not sure how to interpret this.
From a trading perspective this would be a short time frame short opportunity, but knowing what's behind this it is more likely to be a trap.

If retail investors shorted BNT then Binance and FTX would make money by taking the opposite side of this short.
So all it would require is for them to buy back the shorted supply and wait for some trigger to pump the price.
Positive news?

How much BNT is outside of the platform and liquid on exchanges?

Anonymous Tue Jun 21 15:29:48 2022 No.49871418
File: 246 KB, 570x766, 1576024883132.jpg [View same] [iqdb] [saucenao] [google]

game theory says that anyone who has their funds on any of these exchanges should withdraw immediately. the more withdrawals, the more potential for a short squeeze and massive profits. if you don't withdraw, you risk the shortsqueeze happening anyway and your funds vanishing when these services go belly up. anyone who still cares about whatever yield they're being promised by these exchanges is mentally deficient, given what we've learned over the last few months. the ONLY winning move is to withdraw, as doing so both protects your own position while potentially liquidating your enemies and giving you massive profits.

>>	Anonymous Tue Jun 21 15:37:34 2022 No.49871591 >>49865555 Czeched

Anonymous Tue Jun 21 15:44:47 2022 No.49871765

>>49870712
>How much BNT is outside of the platform and liquid on exchanges?
You used to be able to check this on Viewbase but the site has been down for a month or two. Last I checked there was only about 4-5m BNT on exchanges with the lions share being on Binance.

Anonymous Tue Jun 21 15:44:47 2022 No.49871767

Anons seriously get your shit out of cefi like nexo, if youve had money in these places consider yourself a winner, you got lucky. This is just like the pyramid schemes in the old days like P3D, you are a winner as long as the music is still playing, but the moment the music stops its too late and youre suddenly the biggest loser.

Put it this way,
The risk reward ratio for this is atrocious
Would you play a slot machine where you risk 100$ for the chance to win 5-10$

>>	Anonymous Tue Jun 21 15:47:35 2022 No.49871832 >>49871767 give me one good reason just ONE why I should stop gaining 5% on my stack in a fucking bear market? There's no risk in gaining interest right now, and besides I will withdraw my stake when staking gets released.

>>	Anonymous Tue Jun 21 15:50:20 2022 No.49871895 This thread is gloriously validating why I never have my LINK to anyone but my hardware wallet

>>	Anonymous Tue Jun 21 15:51:41 2022 No.49871929 >>49871832 Are you fucking retarded just read this thread. Fuck off simeon.

Anonymous Tue Jun 21 15:58:28 2022 No.49872060

>>49871765
There has been 3.7 million of BNT volume on Binance in the last 2 hours used for shorting.
The price moved a lot less than should have been expected for this amount of BNT sold.
The last time there was similar volume was 5 days ago with 1.95 millions of volume bringing the price from 0.682 to 0.595 for a -11%
This dump had 50-70% more volume for a -2.5%
Seems like a whale or exchange absorbed it.
This may be the final short before a possible capitulation to the upside...

>>49871832
Because the price you are paying for those 5% is losing 70% of your wealth through the token price decreasing from extensive shorting while the CeFi platform keeps all the profits and you get close to nothing from it.
5% for the remaining 30% of the value is only 1.5% of the initial 100% value your token had while the CeFi platform stole 68.5% of your wealth from you.

>>	Anonymous Tue Jun 21 16:09:03 2022 No.49872281 >>49838332 Remember when nucypher started mooning on binance then coinbase locked withdrawals for 5 hours? Totally not fractional reserve goyim how dare you be this antisemitic, just ignore the evidence and move on.

>>	Anonymous Tue Jun 21 16:26:23 2022 No.49872686 >>49872060 Yep you can see a 2.5m binance deposit here 2.5 hours ago https://etherscan.io/address/0x9ec9bc7fb027448bb2670c4bd56043ea9dfd2dcc#tokentxns this is someone's binance deposit address.

Anonymous Tue Jun 21 16:27:40 2022 No.49872715

>>49838332
there was a time when in writing coinbase claimed to hold a 1-1 reserve of every token.
If you bought 1 BTC or put 1 BTC into a wallet on coinbase, they would market buy 1 BTC to back.
they have not had anything in writing like that since 2017. Do i think coinbase is as degenerate as celsius or other shit contracts, probably not, but if you believe they are 1-1 backed...

>>	Anonymous Tue Jun 21 16:31:34 2022 No.49872817 >>49870518 >Changing the rules of their protocol this cant be the future of finance can it?

>>	Anonymous Tue Jun 21 16:35:12 2022 No.49872900 >>49872060 are you a low key bancor shill? say nigger

Anonymous Tue Jun 21 16:35:45 2022 No.49872918

>>49871832
you are giving people the oppurtunity to control and short the market of the coin you invested in. you are literally begging for 5% while chainlink could have gone to three figures this bullrun. you really should check your mental health, you seem like you are very retarded. good luck with other people owning your stuff tho

>>	Anonymous Tue Jun 21 16:37:25 2022 No.49872956 >>49872918 yah well he trippled his stack just like everyone else lending and taking on leverage to shitcoin. Whats good for the goose is good for the gander

Anonymous Tue Jun 21 16:37:55 2022 No.49872966

>>49872686
It came from here:
https://etherscan.io/tx/0x5360bb8f2a8bfa37d9ef22a5a81f623555b9402b8fbf6802afbb44204e986ccb

Was this done by Nexo?
It goes through this wallet:
https://etherscan.io/address/0x9bdb521a97e95177bf252c253e256a60c3e14447#tokentxns

Funny detail about this wallet owned by Nexo is that they have 88500 stETH on it worth $100 million and most of the wealth in this wallet...
They also just removed 213k LINK from Bancor from their original 400k LINK
https://etherscan.io/tx/0x0d50c7739e81b9ff1c954f2f11beddc70c1770e32921ec3067154ae18ce0be12

So funny to see Nexo panicking and exiting Bancor like this.
We can add 200k of more shorted LINK through their Bancor withrawal to their global total and 200k of liquidity remaining.
Why are they doing this?
Do they think Bancor will collapse?

If they thought LINK was going to pump they would buy back their bags.
Maybe they are doing this but not withdrawing it from exchanges to hide it from other CeFi platforms.

>>	Anonymous Tue Jun 21 16:41:15 2022 No.49873054 >>49872966 Nexo is probably overleveraged to absolute hell just like celsius and need funds to cover the shorts? No way to tell. Either way if I had any money in nexo I'd get the fuck out right now

Anonymous Tue Jun 21 16:45:28 2022 No.49873135

Nexo is extremely weak to an ETH run from their customer exactly like Celsius kek
They have only 9000 ETH from these two wallets for 88000 stETH which is 10% of their staked ETH.

Is this their address for ETH deposits from their users?
https://etherscan.io/address/0x7ab6c736baf1dac266aab43884d82974a9adcccf

There is an easy way to force Nexo into the same state as Celsius.
Just ask their users to withdraw 20% of their ETH.
Nexo can't cover more without being forced to either buy ETH using their remaining stable coins, using loans or exchanging stETH for ETH at a loss.

Anonymous Tue Jun 21 16:47:19 2022 No.49873168

>>49871832
>staking released
>link pumps
>everyone goes go withdraw their link
>nexo doesnt have enough link to cover everyone
>nexo: NOO DO NOT REDEEM!
>they need your funds to stay solvent so they disable withdrawals
>ToS states that by depositing you accept the risk of losing your money, no insurance

You think youre clever now, but when the time comes you will feel like the biggest idiot in the world, wouldnt be surprised if you kys

Anonymous Tue Jun 21 16:49:36 2022 No.49873232

>>49873054
They just lost 200k LINK on Bancor kek
It's like adding more leverage to their LINK short without getting anything for it without IL.
They sold 190k LINK for $0.
So funny.

I can't believe they managed to survive until now like this.
Nexo may be the definition of survivor bias until it doesn't work.
We can add a $1.3 million loss to their operation from this withdrawal through the missing LINK.

I am starting to like Bancor a lot more.

>>	Anonymous Tue Jun 21 16:49:44 2022 No.49873235 >>49872918 btw LINK is releasing staking in a limited form to counter this massive tokenomics pumps.

>>	Anonymous Tue Jun 21 16:56:29 2022 No.49873394 >>49873168 why would I withdraw when I will not be allowed to stake at first? I already missed the chance to stake at the first couple of versions so might as well keep my stack at nexo.

>>	Anonymous Tue Jun 21 16:59:24 2022 No.49873485 >>49873394 Please do us all a favor and keep your stack in nexo

Anonymous Tue Jun 21 17:08:07 2022 No.49873693

What does it mean to claim BNT?
https://etherscan.io/tx/0x5360bb8f2a8bfa37d9ef22a5a81f623555b9402b8fbf6802afbb44204e986ccb

Did Nexo have BNT they staked on Bancor and remove 3.3 million of it from Bancor to dump on Binance?
Can people withdraw their BTN from Bancor if it's not generated by IL?

Nexo may have dumped all their BNT tokens in this operation.
The other interesting find is their weakness to an ETH run.
They have 90% of their ETH staked as stETH and cover less withdrawals from it than for LINK.

Anonymous Tue Jun 21 17:15:20 2022 No.49873866

Why did they send 40k Ether to Binance 2 days ago if they are low on ETH?
https://etherscan.io/tx/0x3c5ad1e2ba4977b4665ba7de20c4912bd277d476e9dd773ca0170b7b08ed3bf4

Ah they have 31k more ETH here:
https://etherscan.io/address/0xb60c61dbb7456f024f9338c739b02be68e3f545c

Then they have 40k ETH and 88k stETH and sent 40k to Binance.
That 40k ETH may be what they will use to borrow LINK from Aave trying to obfuscate it through Binance?
They could borrow 4 to 6 million LINK with this collateral...

>>	Anonymous Tue Jun 21 17:16:25 2022 No.49873896 >>49873693 >>49873866 you are running a campaign you stupid faggot

>>	Anonymous Tue Jun 21 17:19:12 2022 No.49873951 The 40k ETH they sent to Binance happened 1.5 hours before the lowest valuation of ETH at $879.8 Would they have been liquidated by Binance without adding this collateral? Or were they planning to short ETH?

>>	Anonymous Tue Jun 21 17:22:49 2022 No.49874033 >>49873394 >>49873896 Bulgarian nexo shills glow like nothing else

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