/biz/ - Business & Finance

>>19912887
why do all pools show $0 trade volume?
how do people buy out of these pools? from the balancer website or are these pools offered on dexes?

>>19912887
No way. There must be a catch somewhere but I don't know where

This is how we win

Join if you like money.
Discord: zJnXW5

>>19913246
Its innovative. It will get diluted as time goes on. more and more people meaning your % of LP will decrease so theres the catch. But early adopters take the biggest risk but get the biggest profit.
I gave you the information. You are responsible for your own financial well being. Dont cry later saying you didnt have a chance to get rich.

I should add:

Because the Pool is constantly buying and selling to balance it generates transaction Fees by itself.

Add to that face STA is deflationary it increases the value of STA too.

Add to the fact being in the LP you get % of transaction Fees.

YOU CAN BE THE ONLY PERSON DOING THIS AND YOU STILL MAKE MONEY!

You dont need others in the LP, nor buyers of STA. That is the power of this beautiful beautiful thing.

>>19912887
> 1. Find a balancer pool.

What is a "balancer pool"?

>>19913112
They provide liquidity. The coins inside are only traded to maintain a balance, so no one can buy out of the pool unless the pool actually sells it.

>>19913246
For reference, I had a bit over $2k pooled in Sta, and I got 24 BAL tokens. Each BAL is worth $19 right now. I was stupid and sold them at $15 but that was still $370 of profit from just having my money in the pool. I don't know if it will be that lucrative forever, but it certainly is right now

>>19913886
https://noproxy.pools.balancer.exchange/#/pool/0x0e511Aa1a137AaD267dfe3a6bFCa0b856C1a3682

>>19913886
Check out Statera, it is probably the easiest and most documented way to add to a balance pool

>>19913886
Literally free money.

>>19912887
Doing God's work educating the masses, anon.

>>19912887
so if i were to put 5k STA into the balancer pool would i have to also add the value of 5k STA to every other coin being used in the balancer pool. sorry little confused

>>19914216
That is an option, but not required. You can add just a single coin to the pool, there is just a slightly different process to it. The balance pool devs are coming out with a single-button method that will make it even easier to do. That is supposed to be released very soon (like today probably)

>>19914216
Currently via the link I provided you have to add liquidty of equal value for every token in a LP. However the DEVs at balancer are fixing that to where a one button solution will mean you only need one of the Cryptos.

there is currently a work around.

https://medium.com/@stateraproject/providing-liquidity-for-sta-with-one-token-on-balancer-lp-53356297a1ea


HOWEVER I would not recommend pooling with STA as it is in a dip right now. You would essentially be selling 80% of stack for the four other Cryptos. Best do that one STA is up.

Best way is via the medium article but instead of STA use WETH

>>19914289
>>19914285
If they add that one click option that would be game changing. I'll probably go ahead and add some wETH, thanks

>>19914403
Absolutely, man! Go make some money!

Pyramid

How much percentage of your stake/money gets paid weekly? does it vary immensely or it's rather consistent due to the bot?
Does it matter which pool you enter or there's only 1 pool for Statera? I know Statera has the balancer bot which creates tax fees by itself so you're not heavily relied on people buying/selling/switching, you're relying on the bot and the more liquidity the bot has to work with the better I presume.

>>19914772
I think the percentage will vay but probably not immensely. I think it mostly depends on the value of BAL tokens and the number of people pooling. The balance pool is very new, so there aren't a lot of people doing it yet. There are other pools, but I don't know who they belong to or how to add to them or if it would be a good idea. They are not related to Statera. The balancer bot pays you fees and it buys and sells using arbitrage opportunities

>>19912887

>>19912887
The pool is a smart contract thus unscammable and trustless ?? Why is this the first time someone mentions this here?

>>19914767
How though? Doesnt imply a pyramid scheme when the balancer controls transactions thus burning supply constantly

>>19915086
Statera has been around for three weeks with several 300+ reply threads a day. Even WE didn't realize what we were a part of until the BAL tokens released yesterday.

>>19915124
I knew.

>>19915086
Anon, Weve been saying it for weeks now. I have literally been telling people its a DIGITAL GOLD MINE.

>>19914767
Kind of but with the aspect of the BOT ALWAYS buying and selling you can be the last man standing and still be making money. it actually benefits the last man MOST not the FIRST man out the door, which is the way pyramids typically are.

>>19915124
The shitcoin containment bread doesnt count anon, aint no one got time for all diz nigga. Im amazed, nice find.

>>19915670
You are welcome.

>>19914494
I followed the steps in the article and was able to add 1 wETH, its taking it out .1 at a time so im not sure if I did something wrong

>>19916155
Did you make sure to use the correct number of zero's? Did it give you BPT for that 0.1 eth?

>>19916155
Also, the contract for pooling eth is different than the one for Statera, so when you follow the guide, where it says to put in the Statera address that ends in Deed1, you would put this instead
0xC02aaA39b223FE8D0A0e5C4F27eAD9083C756Cc2

>>19912887
>SNX is DeFi
why?
>STA is moonshot Deflationary Token
what's the purpose of this deflationary?

>>19916371
>>19916430
Yeah I replaced anything STA with wETH like you said, I put in the wrong amount of zeros but now I got it all in there.

I got like .2 BPT, is that how BAL gets dropped into your account?

>>19916516
Awesome! Yes, you will be airdropped BAL every Tuesday. You may not see it in your wallet until you add the BAL token contract
0xba100000625a3754423978a60c9317c58a424e3D

If you choose to sell it, you can enter that contract on uniswap and sell it at current market value

>>19916483
The deflationary aspect isn't that important until it was paired with the balance pool. Traditionally, deflationary tokens would stop deflating because they would stop getting traded. With the balancer pool, it is always getting traded even if no humans are doing it. That leads to constant deflationary pressure. Combine this with the ability to swing trade STA with balance pool tokens (BPT, a placeholder for your share of the pool) and you get a system that can make you money whether it is going up or down. Pool STA when it is at a high point, receive BPT, then if the price of STA drops, the value of the BPT only drops by 1/5th of that amount. When you reach the local bottom, you pull out the BPT to buy STA, thereby increasing your stack size. You also receive BAL tokens for the time that you have coins pooled. Those BAL are very valuable right now.

>>19916483
SNX is a decentralized finance project.
STA is deflationary in that every transaction burns 1% of that transaction. Less than a month in and almost 10% of total supply is gone forever.
Since the LP bot has to buy and sell STA it will continue to burn it. Every time it buys it its buying a higher percentage of TS and thus slowly over time STA will continue to rise in price.

>>19916665
The bot that buys and sells also uses arbitrage, plus you get a portion of trading fees that are added to the pool with every transaction. So the pool essentially provides 4 opportunities to make money, not even including if any of the coins within moon.

>>19916665
>>19916704
This anon gets it.

By doing this you are:
1. Making money.
2. Exposed to the some of the best Cryptos that will skyrocket during the bullrun.
3. Low risk in that even if STA goes to low price you are still making money

We all know the btc halving just happened. We all know BTC will break out of this downtrend. We dont know when just that it will happen.

If there is a better way to be prepare for the upcoming bullrun let me know but I think this is the best.

>>19916777
Nice digits

>>19912887

BALANCER SCAM! BEWARE!
BAL distribution gamed! Details: https://twitter.com/defiprime/status/1275913184868614144

>>19917572
>Make tons of money getting scammed
Well, if you insist.

>>19917572
No scam. Just people figured it out before the rest of us.

>>19917572
Yeah it’s not a scam. Just a massive fish taking a shit on the big fish (whales). They’re all mad they didn’t think of it first.

>>19917572
Did he do that with COMP loans?