/biz/ - Business & Finance

>>22395718
LINK is an ERC667. The other tokens are standard ERC20 tokens.

Wtf is this,?

>>22395718
block
chain
ag
nostic

This is the first roll out of wrapped link to use on other blockchains.
> Lock stinkies on eth
> Unlock on new chain

>>22395718

>>22395843
yep
it's money time
pay attention, /biz/

>>22395867
Where were you when wrapped stinkies saved crypto?

>>22395854
Did they really just copy and paste etherscan for binance chain? Dude do these fucking scrubs do anything original?

>>22395894
kek that strabismus

>>22395931
> Chinks
> Original
Kek you must be kidding anon

>>22395931
https://bscscan.com/token/0xf8a0bf9cf54bb92f17374d9e9a321e6a111a51bd

>>22395854

how is there already 1,000,000 Link on binance chain?
who would do that. Looks like Binance themselves, which means that binance has over 1 million fucking Link for themselves, or they are using user funds to do that.

There are a few ways to look at it. One being, out of all shitcoins, Link is one of the coins they have chosen to hold and invest in.
Or they are just fucking with user funds.

>>22396079

additionally this means a smart contract has already been created on Ethereum to lock up Link tokens. Who made this, when, and who was involved.

this is interesting.

>>22396079
Don't you remember when cz picked up shitloads at .001 flash crash?

>>22396079
>binance misusing user funds
do you really have to ask yourself that question. read their tos

>>22395718
eth is phucked?

>>22396136

I haven't actually looked. like 99.99% of people. What does it say?

I mean there are all kinds of ways to explore this. They are also in bed with BAND, yet they potentially have 1 million + Link for themselves. what does that say?

of course, it assumes they aren't wrapping up user funds for this.

>>22395931
when you heard the stereotype "whites invent and chinks steal it", did you think that was based on racism or reality

>>22396178
binance allows itself to "manage" user funds to keep them save.

>>22396178
> All user funds are now variations of link
Bullish

>>22396322
till binance decides again to preemptively close positions of users because of "unusual" volatility

Can someone explain why wrapped chainlink is valuable? It sounds like synthetic derivatives that can be used to manipulate price and expand artificial supply. How is this good?

>>22396372
If arbitrum scales eth and uniswap uses them (they will) cz better be careful with his usual chink shit otherwise people will go dex.

>>22396416
Because actual link has to be locked up to create wrapped stinkies.

>>22396507
Ok that makes better sense. As long as no one is creating wrapped link out of thin air. But what is the purpose of doing this though?

>>22396542
> Blockchain agnostic and interoperability and other crypto buzzwords.
> This kills shitcoin tribalism
Using link on other chains when eth is clogged with high fees for starters.

>>22396542
To allow for link Nodes to publish data to other blockchains. Link is blockchain agnostic.

>>22396542
so you can move them to another chain.
Or many other reasons, for example in aave, the real tokens can be lent to a 3rd while the liquidity provider gets aLINK that he can either trade or stack. AAVE has to always have enough liquidity to be able to swap back aLINK for LINK and the aLINK is burned.

It like when you deposit money in your bank account, the bank will use it for loans, but if you withdraw the back has to have enough reserves for your withdrawal.

F A T P R O T O C O L T H E O R Y

>>22395931
They are called bugmen for a reason

>>22396236
this

>>22395931
BAND: "Lets look at how Link makes oracles"

This makes me feel better about going balls deep with 1k link on aave at $13

nice thread, nice crumbs but what does this mean?

>>22397332
Fuck im getting nervous

>>22397877
Checked
>>22397359
We're moving forward with no announcements and no hype

>>22396691
>Introducing fractional reserve to an unregulated 99% scam market
what could go wrong
>ib4 aave is always collaterized
it isn't

>>22398077
Checked. Retard here who happens to be a link whale. I hope you're right

>>22398448
Would you expect anything less from Sergey? Hodl your linkies and don't fall for any of this yield food aggressive shill shit