/biz/ - Business & Finance

>>27497001
>What happens if I press harvest?
see this article that explains how harvesting and farming works:
https://docs.bao.finance/distribution-tokenomics

>>27391096
>could you explain what those different pools in the medium article are since im retarded?
which pools are you talking about?
are you asking about the liquidity pools and how to farm?
if so check out this link:
https://chainwave.substack.com/p/farming-bao-token

or are you asking about this medium article?
>>27389657
>https://thebaoman.medium.com/draft-proposal-staking-rewards-and-fee-burns-34299cde6d69
he says they are similar to Sushi - xSushi pools where you can collect some of the fees and token burns and redirect it to your farm

baoman had an interesting thing to say about someone commenting that burning was not a good feature:
https://www.placeholder.vc/blog/2020/9/17/stop-burning-tokens-buyback-and-make-instead
>I think the Joel M article has very good insight into why burning mechanisms might not be optimal, especially in the early stages of a project. They do NOT incentivize active participation in the protocol, which IMO should be the priority. They re-distribute wealth among the current holders, rather the incentivize them to get more involved in governance, liquidity pools, trading, etc.

baoman:
I think this is the most interesting point. But, I'd argue that buy-and-make doesn't do that either.

But I do think this is a really good idea. So I wonder if there is a way to capture value of those burns and focus it more on people who are actively adding value to the protocol.

I'll have to think about this, but that sentence I think is a very important concept that is on to something.

>>27237592
Yeah lol, the gas fees are ridiculous but it keeps it the redditors from buying this coin for now. The xDai migration is happening end of this month which will lower the gas fees, but at that point it’ll be too late

>>26940292
Thanks bro - wagmi

>>26501195
Thanks biz for teaching me the way of the Humber farmer

>>26478638
0x4482d700Cd6F18E4Bbb5878e059b22d1Ad414647

What a cute coin, CUTE!!