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19920447 No.19920447 [Reply] [Original]

Fuck the fudders, I have an idea. Hey Chainlink friends want to make some money while you wait? There's a new staking-method website called Balancer Labs. We can use it to get BAL tokens.
Use the balancer pool to earn BAL. Statera currently has the most volatile pool because a program that trades 24/7 to create more consistent fees than any other token.
You gain like 7% of your money a week every Tuesday in the form of BAL tokens airdropped to you, so if you're a heavy whale with 20k linkies you'll make 6300$ in BAL tokens a week.

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

>>19912887

>> No.19920523

Yeah but what if the balancer sells my linkies?

>> No.19920679 [DELETED] 

>>19920447

>> No.19920912

>>19920523
It balances the 5 coins, so it basically splits up your contribution into the 5 coins until you decide to withdraw from the pool, and you can pull out your linkies. The balance pool needs the other coins in order to earn BAL. If Link isn't really doing much at the moment, you can add it to the pool to get rewarded with BAL tokens. Obviously if it starts to moon, you can pull it out. The 7% returns is not a stitic figure, and it depends on the price of BAL, but it has been trending upwards, so it could be significantly higher by next week.

>> No.19921168 [DELETED] 

>>19920447

>> No.19921409

>>19920912
static*

>> No.19922333

>>19920912
but if it needs to sell link, will it sell my linkies and theyre gone forever?

>> No.19922354

>>19920447
SCAM

>> No.19922422

>>19922333
No, they don't disappear, when you remove from the pool, if you remove link, then the pool will take from the pooled link to give to you and then it will buy more to balance the pool afterwards

>> No.19922490

>>19922422
so theres no way i will lose any pooled assets, ie. if I put 2k LINK in i will guaranteed get it back?

>> No.19922581

>>19922490
Well, the pooled assets could lose value if the price of the pooled coins drop, so they aren't protected from a market-wide crash. In this pool, there is Link, BTC, Eth, Synthetix and STA, so if you expect those to be stable or increase, then the balance pool would be a good way to make money while your crypto just sits there. The balance pool was created by a seperate group and you can find more information about it by looking up balancer labs. It is a big project and it is going to get bigger, but we are currently really early