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File: 148 KB, 1075x608, SUSHII.png [View same] [iqdb] [saucenao] [google]
22359498 No.22359498 [Reply] [Original]

So what's the total supply of pic related? 87,000,000? That can't be it right? Surely it's way lower? Because let's walk through this:

>Uniswap daily volume: $1,000,000,000 (very high end)
>Sushiswap captures half of this vol: $500,000,000 (very optimistic)
>Daily sushiswap fees: $1,500,000
>Daily portion of fee to SUSHI stakers: $250,000
>To capture 0.1% of the fee ($250), need 0.001 x 87,000,000 = 87,000 SUSHI
>87,000 SUSHI = $261,000 (at current price of $3)
>Daily yield = 250/261000 = 0.0958%
>Annual yield = ~35%

And this is with very optimistic values for daily volume and how much sushiswap will capture. Why would anyone do this compared to YFI vaults? Roughly same yields and you can hold stablecoins so you don't have to worry about SUSHISCAM tanking? Am I missing something?

>> No.22359607

>>22359498
>chasing scams
>tf migrations is a complete shitshow, worse than the exit scam
>tf still 6 out of 9 multisig in the hands of a group of friends that can exit scam again whenever they want
anon I...

>> No.22359711

>>22359498
only holders who stake their sushi on sushibar will get the % yield from fees

>> No.22360177

>>22359498
Its worse much worse than that when sbf stops paying music stops
>>22359607
This
"get out of vc hand movement captured by whale vc farming 30% of tokens"
Everyone fine with that now he pays them to migrate
This ends well for sure

>> No.22360373

why does volume keep going up

>> No.22360412

>>22360373
Its aiming to replace uniswap and did that with a shit ton of liquidity mining.
Only reason im staying away is because fucking chink ran a massive exit scam and dipped with $15mil off it.

>> No.22360496
File: 74 KB, 1000x818, 9827389371279.jpg [View same] [iqdb] [saucenao] [google]
22360496

>>22359498
even though sushi is arguably a scam, SBF is putting his heart out into this project. I wouldnt actively short this project, you don't want to bet against the Jewfro.

>> No.22361807

The block rewards will drop from 1k sushi per block to 100 per block very soon. How much will this shit dump then?

>> No.22362129

>>22359711
this
with sushi in LP, exchanges, retail, etc. staked sushi (xsushi) could be only 50% of supply, putting annual yield at 70% in your calculations.

obv token price would be higher

>> No.22362168

Sushiswap better not fucking take off I have A LOT of eth locked in uniswap liquidity pools for 3 years

>> No.22362648

>>22362168
its alrdy biggest dex by liquidity with alot less pairs than uniswap

>> No.22362661
File: 4 KB, 867x47, unis.png [View same] [iqdb] [saucenao] [google]
22362661

Uniswap just got killed by Alameda, fucking LMAO

>> No.22363162

The idea is that token price goes up and it keeps the liquidity

>> No.22363186

>>22362661
FUCK

>> No.22363265

>>22363186
why not just provide on sushiswap instead? u get more out of it anyway

>> No.22363534
File: 6 KB, 250x171, 83CA98F3-FD1B-4CB0-A44C-95DEE195E915.jpg [View same] [iqdb] [saucenao] [google]
22363534

>>22362129
>>22359711

Have the rules changed? At launch the payout was 0.25% to respective LP pools, and 0.05% divided equally to all Sushi holders. Additional inflationary sushi was to be/is generated by staking.

>> No.22363571

>>22363265
I AM LOCKED FOR 3 YEARS IN UNISWAP LIQUIDITY POOLS

>> No.22363630

>>22363571
how so? cant you just take out ur liquidity?

>> No.22363647
File: 62 KB, 450x600, E1BE53FC-7F4C-4A15-A5D1-41143B4793E6.jpg [View same] [iqdb] [saucenao] [google]
22363647

>>22359498
I’m v bullish on SUSHI. 4D chess going on.

>> No.22363919
File: 174 KB, 848x840, 87623487468642386.jpg [View same] [iqdb] [saucenao] [google]
22363919

>>22363647
yep, whetever you like SBF or not, Alameda has been the biggest market maker since 2019. I've been in denial for a long time about USDT about how it was a scam and it would one day come crashing down. Instead of making money, I wanted to be right. Shorted much of the rally to 14k, got wrecked. But now, SBF used sushi to badly hurt a competitor in the dex space and it arguably worked. So instead of calling sushi a scam, which is might be, don't miss the boat and get a sushi bag. SBF won't let the dexes take the centralized exchanges volume without a fight. And I intend to take Alameda's side on this one.

Sushi is clearly a 4D chess move. It sucks, I really wanted crypto to become even more decentralized but (((Sam))) will not let it happen.

>> No.22364178

>>22359498
i dont care about the finance side of sushi swap.... all i know and care for is the fact it can go back up to £10 per coin now that the scammer guy has fucked off and been replaced by a competant successful guy who cares and will set it straight and ensure it is safely released to the community