/biz/ - Business & Finance

>>21178006
We say...$10 EOY IS FUD

>>21178006
Can be, or not, doesn't matter, we are going to mars nontheless in due time...

>>21178052
Agreed

>>21178006
>So we are really going to see ATH BEFORE refund
Easly. When the refund hits we will already be at 0.3-0.4

Congrats to anyone that bought at the bottom after the hack

If you have enough STA you could live off the gains from that and the balancer theoretically. Say supply is only 1,000,000 but you hold 100,000, liquidity wouldn’t allow you to sell it all. But you could cash out a few for $100 each. Say you also own 1% of the liquidity pool currently. The fees would compound to be such a large amount you could probably cash out the weekly BAL and live off just that too.

>>21178903
Thanks

Info pasta incoming:

An index fund is a fund that can track a specified basket of underlying investments and in this case: BTC, ETH, LINK all balanced with STA.

The rules are that these coins are set in the fund at a specified percent so as one goes up or down the others are automatically bought or sold to balance risk and maximize profit. HOWEVER, the key is that STA is deflationary (whenever a STA transaction happens for buying/selling/pooling, 1% of the transaction of STA is burned). This token burn + tokens being locked in pooling pressures prices up to again make sure the other coins will be balanced. You also are given a % of all the fees paid in STA transactions up to 36% APY and during a run up to 40,000% APY.

The power of STA is that the ripple effect of: (1) compounded fees, (2) token burn, (3) price pulled up by ETH, BTC, and LINK leads to an exponential effect and positive feedback loop on price.

So why is it low at only a 5-8million mcap right now?
STA was used by balancer labs and someone hacked the % exploit from balancer. This was balancer's fault but they used STA. Balancer and STA are refunding this.

Can the team dump? No, this is the most decentralized token as the project much like BTC is out of Satoshi's hands, STA is out of the hands of the devs who only own <4%.

STAstronauts are OG linkies who bought at 20 cents and need to keep their linkies safe. AS ALWAYS DYOR! We all gonna make it frens

>>21178954
SNX is also in it

>>21178006
Is STA best I’m the wallet or delta?

>>21179032
Depends, if you get delta you own 50% STA and 50% ETH. But you also get fees. If STA moons and Eth dont moon as much you would earn more just holding STA.

>>21178903
thanks