is there a massive disinfo campaign, or am I missing something?

[Anonymous No.52755209]

Why are people pretending Linkpool is "diluting the supply" and LPL holders are "taking a haircut"?

The migration ratio from LPL to SDL is 1:05. That's the opposite of dilution, the token supply is literally cut in half.

And the proportion of total supply held by the community remains the exact same: about 30%. Nobody's getting a haircut at all.

[Anonymous No.52755224]

nobody cares.

[Anonymous No.52755226]

>>52755209
>tokens goes from revenue sharing to a useless "utility" one
>"Why are you complaining goy?"

[Anonymous No.52755231]

Fuck you Jonny and enjoy all those goetic demons sent your way

[Anonymous No.52755233]

Pic related.
The total supply goes from 100M (LPL) to 50M (SDL).
So it's halved.
The community held 30k LPL, and they're getting 15K SDL.
So that's also halved.

What am I missing?

[Anonymous No.52755235]

because the new token supply is not mapped 1:1 to the migration

the team and "partners" got like 45% of a premine

[Anonymous No.52755250]

>>52755235
See >>52755233

The proportion of tokens held by community members remains the exact same.

[Anonymous No.52755254]

>>52755209
>The migration ratio from LPL to SDL is 1:0.5
and a shitton of tokens minted. so yeah, it got severely diluted.

[Anonymous No.52755259]

>>52755254
>and a shitton of tokens minted
50 million new tokens minted, down 50% from 100 million LPL tokens.

[Anonymous No.52755260]

>>52755235
nope

nice try eric

[Anonymous No.52755270]

>>52755226
Isn't fee sharing what Link staking was always going to be about?

[Anonymous No.52755284]

I've been seeing tons of angry threads and tweets about this, don't tell me I just cracked this whole damn case in literally 5 minutes of reading.
Tell me I'm missing something, I'm begging you. I can't be the smartest guy in all of crypto right now, it's not healthy.

[Anonymous No.52755304]

>>52755233
>30k
>15k

Obviously meant 30 million and 15 million.

[Anonymous No.52755314]

>>52755209
>>52755284
kys jonny nigger

[Anonymous No.52755322]

>>52755259
every node got 10 million free tokens minted. chainlink labs got 20 million tokens minted (more than the entire community) and 35 million tokens went to the "DAO treasury" (meaning tokens for dumping).
Our best hope is that the greedy node operators will manipulate the price up and shill for exit liquidity which won't make this less of a scam.

[Anonymous No.52755332]

>>52755259
>>52755322
the new token supply is 260 million

[Anonymous No.52755341]

>>52755322
>>52755332
>the new token supply is 260 million
Source?
If true, then the outrage makes sense.

[Anonymous No.52755360]

>>52755341
just keep reading the blog and the shit they have in the pretext. think about it, calculate a bit and you'll get there.

[Anonymous No.52755367]

>>52755322
>>52755341
sorry i forgot pic related in my first post

[Anonymous No.52755418]

>>52755360
This doesn't seem to be in the blog, but the deep dive does have this info.
The total supply is indeed 260M.

I don't know enough about how Linkpool works to understand what the fuck is going on, but in absolute terms, the proportion of tokens held by the community does go down significantly; but at least the proportion held by Linkpool itself goes down at the exact same rate.
So at the very least it looks like Linkpool is fucking themselves over exactly as hard as the community (if this is indeed detrimental).

[Anonymous No.52755467]

>>52755418
It’s not just that. Linkpool kikes took away revenue sharing even though they have touted it for years

[Anonymous No.52755479]

>>52755467
Like I said, I have no idea how Linkpool is supposed to work; all I know is that Chainlink staking rewards were always going to come from shared fees.
In fact, fees are the "revenue" as far as nodes are concerned.

[Anonymous No.52755480]

>>52755209
The tranny fatty fappy rabbi crappy jabby groomy farty glowy banny niggy faggy trappy lefty shitty janny on biz must go

[Anonymous No.52755548]

>>52755418
Not only that. We get 1000x less rewards now too

[Anonymous No.52755561]

>>52755548
>We get 1000x less rewards now too
lol source?

[Anonymous No.52755569]

>>52755209
Well you see, poolies got 0.5 SDL per LPL. SDL is trading at around $1, LPL was >$2 before this shitshow, ergo poolies have lost 75% of their money. Pool's closed

[Anonymous No.52755571]

>>52755569
Yeah but the price is speculative, aka purely emotional.

[Anonymous No.52755578]

We told you to buy link fucking retards

[Anonymous No.52755611]

>>52755341

[Anonymous No.52755632]

>>52755611
Yeah, I didn't realize there was a "deep dive" article as well.
At the very least Linkpool is fucking itself over exactly as hard as the community.

[Anonymous No.52755692]

>>52755561
Do the math. SDL should only be valued at $0.01 currently

[Anonymous No.52755694]

>>52755561
>>52755632
you wont get the node revenue only the max 5% big serg treasury. you will get 5.13% apy with sdl staking. sdl token is basically governance token but retail holders have 16m out of 260m tokens that can be minted more

[Anonymous No.52755731]

I still never once read on here what the purpose of linkpool is.

[Anonymous No.52755797]

>>52755731
Basically like a dividend stock. When lpl earned lpl holders earned. Also was going to be used for alottment for retail link staking.

[Anonymous No.52756356]

What does SDL do now?

[Anonymous No.52756357]

>>52755479
No before they were gonna share the giftboxes from customers and stuff
I want some free snacks and candies too god damn it

[Anonymous No.52756675]

Revenue sharing wasn't what I thought I was buying when I invested in the Linkpool ICO. Those drops were nice but thought I was buying the ability to stake my LINK with node operators. As time went on I feared I was only going to have the ability to stake in Linkpool's own node which would make for a very small allotment. What has happened with LPL - SDL seems to me to be the solution to this problem. SDL fullfills the vision provided two conditions:
1. Chainlink does not ultimately facilitate unlimited staking for free and what happens today is only for developing staking and the chinlink "supreme court". I find this likely.
2. Any ability to stake with stake dot link without the SDL token remains very limited. This seems to me the crucial part.

Provided these it ultimately makes the SDL a facilitator of the LINK staking apy minus comissions ~4%? and the SDL's value scales positively quadratically with the network and dilutes linearilly with the growth of the stake dot link membership.

I don't think the dilution was avoidable, other nodes needed to get on board. I don't think revenue sharing is sustainable nor the original vision of Linkpool.

If LPL investors are to be screwed I think it is yet to come. I don't see why they would be though. The controlling share, the nodes, want SDL to gain value.

[Anonymous No.52756709]

>>52755209
bancor flashbacks
Plus, I think if you were staking, you're now stuck with a useless token?

[Anonymous No.52756790]

>>52756356
>What does SDL do now?
What does SDL do that LPL didn't (or couldn't) do?
Why create a second token instead of using the first token?

[Anonymous No.52756802]

>>52755209
The amount of tokens is a distraction from the fact that Linkpool is rugpulling people by no longer offering revenue sharing, which was the entire value proposition of LPL. The passive income earned from SDL for v0.1 is like 0.01% APY or something negligible, LPL actually had non-negligible passive income but Jonneh said it wasn't sustainable anymore.

[Anonymous No.52756803]

>>52755797
why not just stake LINK?

[Anonymous No.52756806]

>>52756709
weren't*

[Anonymous No.52756867]

>>52756806
>>52756709
No, i think you can just change it to sdl

[Anonymous No.52756895]

>>52756802
>Linkpool is rugpulling people by no longer offering revenue sharing, which was the entire value proposition of LPL
This is the big thing, Linkpool became basically useless now

[Anonymous No.52756951]

>>52756802
>which was the entire value proposition of LPL
The value proposition was a share of the revenue of one kamikaze node conducting no scalable business developing liquid staking that they can't monetize urely for other's benefit at great own cost? It doesen't compute.

[Anonymous No.52757025]

>>52756675
>>52755632
glad i found this thread, i hadn't read the deep dive before this either.

while it's true that LPL holders are getting diluted with respect to their allocation of total tokens, they're now partial owners of a much, much bigger enterprise. rather than getting 50% of LP profits proportional to your LPL holdings, you're now getting 20% of the profits of EVERY node that joins up at a little more than a third of the proportion of your previous LPL ownership (100MM LPL to 260MM SDL). see pic related. i don't see how LP could have convinced more NOPs to join without incentivizing them somehow (like, say, handing them 10M SDL tokens right out the gate), so i'm not surprised there. what no one knows yet is how the revenue stream will compare to the old way we expected it to happen (i.e., 50% of LP profits rather than 20% of stake.link profits).

this is absolutely a massive alteration to how we all thought it would work, but i'm certainly not going to throw my hands up and say they're all criminals and we deserve our money back. markets are fucking stupid, i'll be waiting to see how this plays out. it was never my intention to own LPL as a growth vehicle anyway, it was always about access to a revenue stream that i couldn't get without it. SDL appears to be a similar thing

[Anonymous No.52757061]

>>52756356
It's a graphics library

[Anonymous No.52757092]

>>52756802
I really don't know what revenue there could be with Chainlink nodes, if not fees.

[Anonymous No.52757122]

>>52757025
Initial estimates of "access" were that you needed around 2.5 LPL to stake 1 LINK with Linkpool. As it stands now I think 25k LPL after migration will let you stake something like 300-400 LINK. It's almost completely worthless in terms of utility and costs way more than the LINK it lets you stake in the first place.

>>52757092
There is a difference between fee revenue from providing oracle services and fee revenue from taking a commission on liquid staking. The liquid staking revenues will be dwarfed by what Linkpool was distributing prior for their oracle services.

[Anonymous No.52757133]

>>52757122
>fee revenue from taking a commission on liquid staking
I don't understand what this means lol

[Anonymous No.52757168]

>pretends to know what he's talking about
>gets spoonfed like the retarded ape he is
>"lol source?"
>"at least linkpool is fucking itself over am I right guys?"
>"fees are revenue!"
>"at the very least linkpool is fucking itself over exactly as hard as the community!"
unironically kill yourself you cunt, you work with them 100% end your life nigger

[Anonymous No.52757185]

>>52757133
https://mirror.xyz/stakedotlink.eth/wd2cBshcf3EjXd83MjKt4HWTQ1d6YPWQ7s2eexfamJU

>In exchange for node operators contributing their staking allocations into the stake.link protocol they receive SDL tokens which represent their proportionate allocation contribution.

>A delegation fee of 20% is applied to all LINK rewards generated by the pool, which is distributed to SDL stakers. This fee can change through governance, depending on various factors, including incentive programs and the targeted end-user reward rate. For node operators to want to participate, they need incentives to receive delegated collateral. For stakers to participate, they need to receive equivalent rewards for putting their tokens to work in providing economic security and value.

Basically instead of earning a portion of fee revenue from one node you get a portion of STAKING commission from many nodes. But only 25 million tokens can be staked and commissions are small anyway, while the amount of SDL tokens is large (especially with this dilution).

[Anonymous No.52757211]

>>52755341
https://etherscan.io/token/0xa95c5ebb86e0de73b4fb8c47a45b792cfea28c23

[Anonymous No.52757248]

>>52757168
I asked for source, and I got it. The new circulating supply is 260 million.
And yes, Linkpool is 100% fucking themselves over at the exact same rate as the community.

>fees are revenue
Literally yes.
When Sergey talks about nodes being "profitable", he is SPECIFICALLY talking about nodes subsisting entirely on dapp fees.

>>52757185
>>A delegation fee of 20% is applied to all LINK rewards generated by the pool
So 20% of fees received by the nodes covered by the pool are distributed to SDL holders?

[Anonymous No.52757249]

>>52755209
Yes everything is very bullish but trannies have been going wild since yesterday.

[Anonymous No.52757266]

>>52757248
SDL passive income has nothing to do with dapp fees. Holy shit just read the chainlink blogpost and deep dive on SDL, literally everything is explained very clearly.

[Anonymous No.52757306]

>>52757266
>SDL passive income has nothing to do with dapp fees
I read "Link rewards" and just assumed these were dapp fees because that's what I associated with this wording for like four years lol.

So what are these "Link rewards", just the 5% guaranteed by Chainlink during V0.1?

[Anonymous No.52757313]

>>52757306
>So what are these "Link rewards", just the 5% guaranteed by Chainlink during V0.1?
Yes.

[Anonymous No.52757349]

>>52755209
Yeah WE got our supply cut in half, but every node operator gets 20 million for doing nothing and chainlinklabs gets 6 million as a DAO member. It's also not capped and infinite supply.

[Anonymous No.52757358]

>>52757313
Well that 5% is the bootstrap surrogate for regular node revenue from dapp fees.
It sucks ass so long as the 5% bootstrap is in effect (I think, I have no idea what LPL revenue was like in comparison), but it's going to change.

>>52757349
>WE got our supply cut in half
Linkpool did too.

[Anonymous No.52757450]

>>52755694
>you wont get the node revenue only the max 5% big serg treasury
That 5% is the bootstrap surrogate for regular node revenue from dapp fees.
It sucks ass so long as the 5% bootstrap is in effect (I think, I have no idea what LPL revenue was like in comparison), but it's going to change.

[Anonymous No.52757671]

>>52757450
>but it's going to change
you sure?

[Anonymous No.52757720]

>>52757671
yes

[Anonymous No.52757726]

>>52755341
Before : 1M LPL was 0.01% of the network (100M supply).
Now : 1M SDL is 0.004% of the network (260M supply).

Add in the 1:0.5 ratio for LPL holders (50% haircut).

So basically a 40% haircut, and another immediate 50% haircut right on the chair.
You got a buzzcut, I mean 80%. 20% remaining from your initial stack.

Sergey got himself a nice allotment.

[Anonymous No.52757759]

>>52757726
Yeah, but Linkpool gave themselves the exact same haircut.

[Anonymous No.52757981]

>>52757759
Honestly at this point I'm in too deep anyway, staked it all, SDL, LINK, all of it.
Shit happens, businesses pivot.
I'm shaken but I've been in since ICO so I'll ride it 'till the end.
That was the deal.

Main problem is lack of communication, anybody who worked corpo knows how important this is. In any relationship actually, be it personal or business.
It's not like they lost all our shit.

[Anonymous No.52758063]

>>52755209
Linkpool closed due to AIDS

[Anonymous No.52758194]

>>52757981
>Main problem is lack of communication
I don't follow Linkpool at all, so I have no idea to what extent this was or was not communicated.
I do remember something about a snapshot and a big announcement.

[Anonymous No.52758214]

>>52757720
but do we need SDL for this kind of staking though?

[Anonymous No.52758237]

>>52755284
Quite literally the stupidest fucking person on this board

[Anonymous No.52758246]

can't believe i bought this shit instead of just more link tokens

[Anonymous No.52758262]

>>52755418
Linkpool now keeps 100% of all their revenue instead of 75% and they get a new governance token airdropped to themselves. They came out like bandits and LPL holders were permanently fucked

[Anonymous No.52758293]

>>52758214
I have no idea, that's from Chainlink's June staking blog.
I'm just saying that "fees" and "revenue" are the exact same thing when it comes to Chainlink nodes.
In the early version, fees are temporarily substituted by a 5% bootstrap, but that is obviously going to change.

>>52758237
As it should be.

>>52758262
>Linkpool now keeps 100% of all their revenue instead of 75%
You could already stake on Linkpool?
If not, then how were they sharing their revenue?

[Anonymous No.52758320]

>>52757025
God you're all fucking retarded. We don't make anything from any nodes revenue, just a cut of the staking rewards that come through stake.link. this is a complete 180 from what LPL was. The apr for SDL will be horrible, even at scale. We got fucked

[Anonymous No.52758333]

>>52758194
They’re coming for you Johny, you better sleep with something in the drawer

[Anonymous No.52758334]

>>52758320
>We don't make anything from any nodes revenue, just a cut of the staking rewards that come through stake.link
see >>52757720

[Anonymous No.52758337]

>>52758293
>In the early version, fees are temporarily substituted by a 5% bootstrap, but that is obviously going to change.
No, that's not correct. Nodes receive oracle rewards (funded by Sergey's dumps) which is the bootstrap for fees that would normally come from dapps, and helps pay for gas costs and other operating costs. The 5% staking reward for community members is separate from that, and nodes only collect a small commission from that 5%.

[Anonymous No.52758367]

>>52758337
>Nodes receive oracle rewards (funded by Sergey's dumps) which is the bootstrap for fees that would normally come from dapps
We've known for a year now that many nodes are self sufficient based on dapp fees.

The 5% staking rewards in v0.1 are directly bootstrapped by Sergey, which will change later on.

[Anonymous No.52758386]

>>52758367
>We've known for a year now that many nodes are self sufficient based on dapp fees.
This is not true. Sergey said that CERTAIN oracle networks on CERTAIN chains are profitable, this doesn't mean nodes are overall profitable for all of their operations, it means something like the BNB/USD feed on BSC is turning a profit because the chain's fees are low and usage is high.

[Anonymous No.52758456]

>>52758386
Holy autism.

[Anonymous No.52758577]

>>52758367
at this point I wouldnt be surprised if the retail will always get max 5% if it just isnt sustainable for some reason to do otherwise. nodes ofc will get better rewards

[Anonymous No.52758715]

>>52758214
https://staking.chain.link/

If you can't get into this pool here, SDL might be one of your few options left. I really don't know the scope of other staking platforms to stake Link with, sorry.

[Anonymous No.52758735]

>>52755209
idk if it's disinfo or actual retards, probably a little bit of both.

[Anonymous No.52758822]

>>52758715
already in mate. not all in though

[Anonymous No.52758837]

>>52758715
and I would need to buy A LOT of SDL to get few links staked

[Anonymous No.52760260]

anybody staked with stinkpool yet? Sorry, I meant stink.link, ugh stake.link ?

[Anonymous No.52760441]

>>52757025
Me and Jonny decide to share a pizza. I put up the money for the ingredients, and he's gonna do the work and put it together for us. I get two slices and he gets 6. I'm pretty happy about that and it's in line with business practice. It's a partnership.
But then Jonny cuts all the pieces of pizza in half, 16 slices instead of 8. And he gives out a half-slice to a whole bunch of other people who pay him (not me) for the pleasure. In the end, he gives me a half-slice back.
In addition he tells me that while only getting 1/4 of the pizza I paid for, that he's keeping all the toppings for himself.

[Anonymous No.52760483]

Fucking mental decathlon of cope in this thread, jesus christ.

[Anonymous No.52760566]

>>52760260
fuck no. waiting for the next pump to unload slowley. im not using that out of principal. going to be allocating to other stictions i think will be good

[Anonymous No.52760603]

anybody else tried to get on app.linkpool.io ?
>what do you mean, you haven't unstaked your LPL ?
>you can't into solidity?
>well guess you are shit out of luck

[Anonymous No.52760654]

>>52760566
Those node operators will be joining stake.link too. Stop diluting yourself, there's nowhere else to stake. Any node operator that will offer staking will join stake.link. You will need SDL to stake your LINK. Accept it.

[Anonymous No.52760675]

>>52758577
>5% forever
That would suit me just fine. Bring it on.

[Anonymous No.52760684]

>>52760654
>stop diluting yourself
kek, nice Freudian slip.

[Anonymous No.52760726]

>>52760654
nigger. they way they handled the LPL migration was fucked. Link river is giving out SDL for free just for signing up for their discord. i lost 30k migrating over with the hair cut for a project i wont see rewards from for another six years

[Anonymous No.52760853]

>>52760726
Don't you nigger me, boy. I'm a top 10 victim of their jewry. I'm down more millions than the Holohoax. Your pain doesn't compare to mine. But all I've got now is that pain and SDL.

[Anonymous No.52760874]

im just curious guys. is the pool still closed?

[Anonymous No.52760875]

>>52760853
Don't forget the nft

[Anonymous No.52760888]

>>52760874
No but it's a ripoff to get in.

[Anonymous No.52760899]

>>52760726
>Link river is giving out SDL for free
how many ?

[Anonymous No.52760903]

>>52757358
>>WE got our supply cut in half
>Linkpool did too.
no they didnt you glowing faggot. LPL originally represented a revenue sharing token for all of the companies products. Linkpool now keeps all of the revenue. The fee capture by SDL is meaningless.

[Anonymous No.52760990]

>>52760899
go look in the discord

[Anonymous No.52761001]

>>52760990
no.

[Anonymous No.52761045]

>>52761001
you're sol then

[Anonymous No.52761177]

SDL holder payout = ( staking pool max capacity ) * ( staking reward) * reward fee = 787500 * 0.05 * 0.2 = 7875 link

to be shared proportional to the total SDL staking pool. Ok? So like 0.1 link for retail.

What's worthwhile is the equation: the first two variables are dictated by CL. If NOPs or the council show up with their own pools (at a different risk/reward), a second payout is added to existing payouts. If v0.2 is active, the original payout changes also.

The 3% platform fee to LinkPool is bullshit (2% should stay with SDL 'foundation') as are giving away equity (thus proportional reward payout) to CL and other operators. They have little / no obligations, i.e. leave staking capacity for SDL holders.

Thanks for coming to my ted talk.

[Anonymous No.52761208]

>>52755231
Based Goetic demons enjoyer. I seen some weird red wave of energy last night, first time i seen it. I was trying to pour my hate into the sigil. Wonder if it worked?