/biz/ - Business & Finance

Have a free bump

Redpill me on this

OP your a tranny, you will never be woman. Drop the MTF transition, and buy Sentinel.

I remember seeing this at $19 in august
Why should it rise in value? Looks pretty bad to me.

>>24978410
>DeFi project that offers great APY
>Solved the impermanent loss problem
>Consensys Diligence audited their code. No issues found
>Lowest marketcap microcap on Consensys website. Among the likes of AAVE and others.
>Current Marketcap $3,727,565
>Current Circulating Supply 147,214
>45% of the Circulating supply is locked in staking. Not a lot liquid for sell pressure
>Very accomplished smart contract dev Rodrigo Ferreira - PHD from YALE in Computer science.
>Front end dev Irving Cabello
>Open source smart contracts on Github
>Several high yield aggregator gToken products already available. gWBTC, gETH, gUSDC, gDAI, gcDAI, gcUSDC, gcWBTC, gcETH
>DAO incoming
>Elastic (rebase) supply tokens incoming
>Currently under everyone's radar

>>24978065

There was a big selloff earlier but I feel price discovery is coming soon. DAO is full steam ahead and more and more stkGRO being minted daily. Fun times ahead.

>>24978641

Insane how undervalued this is. Next alt run look the fuck out this will probably go 100 million mc.

>>24979048
We just need a little bit of marketing

>>24978410
Whenever you stake GRO, you have to pay a 10% fee which indirectly goes to everyone else staking GRO. Also, when you unstake it, you have to pay a 10% fee again. So in the end it only makes sense to stake GRO if you are sure you're early enough so that there will come enough people other you staking their GRO to turn your loss into a profit. Those who start staking early win and those who come later lose. It's not a scam; it's just a Ponzi scheme under the disguise of a yield farming platform.

>>24979088

The said youtube videos are coming from influencers soon to raise awareness

>>24979181

Its not a ponzi are you kidding me??? consensys audit this is the furthest thing from the garbage shilled on biz.

Sad how you actually found a gem and refuse to do a deep dive. IN six months your going to be crying you didnt buy this.

>>24979318
>Its not a ponzi are you kidding me??? consensys audit this is the furthest thing from the garbage shilled on biz.
Are you a nigger? I specifically told you that I believe it's not a scam and the audit underlines that. I'm just saying that if you read the whitepaper and then ask yourself where the extra yield of stkGRO and gTokens comes from, you will realize that it's coming from the fee of entering and exiting. Without that fee the yield is the same as that of other farming protocols. So essentially those who get in early win and the rest loses which is pretty much the definition of a Ponzi scheme.

>>24979478
Based smart anon.

>>24979478
>Are you a nigger? I specifically told you that I believe it's not a scam and the audit underlines that. I'm just saying that if you read the whitepaper and then ask yourself where the extra yield of stkGRO and gTokens comes from, you will realize that it's coming from the fee of entering and exiting. Without that fee the yield is the same as that of other farming protocols. So essentially those who get in early win and the rest loses which is pretty much the definition of a Ponzi scheme.


Your not mentioning the main point. By locking up stkGRO it reduces sell pressure over time and if a whale decides to unstake half of that gets burned the other half gets redistributed to the other stkGRO holders.

Also GRO is and never will be "Farmed" like other protocols so its never going to be devalued and just dumped as farmers move to the next project.

I really think calling it a ponzi is disenginous because if your saying early win and rest lose thats pretty much all of crypto isnt it??? I bought BTC a few years ago and dump on the new buyers. Your explanation really has no merit.

>>24979553
>Your not mentioning the main point. By locking up stkGRO it reduces sell pressure over time and if a whale decides to unstake half of that gets burned the other half gets redistributed to the other stkGRO holders.
>Also GRO is and never will be "Farmed" like other protocols so its never going to be devalued and just dumped as farmers move to the next project.
The idea of the project is that if you have some ETH or something you want to hold long term, instead of putting it into Aave or Compound you convert them into gTokens. Behind the scenes the smart contract is using Aave/Compound and generating extra yield on top of that by using the fee of others entering and exiting. Maybe I was wrong in using the term farming, I give you that.

>I really think calling it a ponzi is disenginous because if your saying early win and rest lose thats pretty much all of crypto isnt it??? I bought BTC a few years ago and dump on the new buyers. Your explanation really has no merit.
BTC is not pumping because it's inherently designed to be that way. It's based on pure speculation and also market manipulation to some degree. That Growth DeFi with all its coins, on the other hand, is clearly designed to transfer wealth from those who enter later to those who are in from the beginning.

Bump

>>24979181
OP knows shit and would rather it was made for flashloan attacks, stkGRO stops bad actors, is used in snapshots, and votes in the multi-sigs. Governance page is up /biz, governance.growthdefi.com Smells like Stephen has arrived lol

>>24979181
also there is no need to buy GRO, just get some gtokens and chill

>>24979725
>BTC is not pumping because it's inherently designed to be that way. It's based on pure speculation and also market manipulation to some degree. That Growth DeFi with all its coins, on the other hand, is clearly designed to transfer wealth from those who enter later to those who are in from the beginning.

Hang on are talking now about all the tokens? gtokens ain't 10% fact check lpease Stephen. Also people have been staking and redeeming, the main winners are long term holders.. the % difference from entering now or 2 weeks ago is very small.

Bump

Current TVL is above 2 million, growing steady

Anyone know why yesterday's sell-off happened?

>>24982393
just someone cashing out, very foolish imo both in timing and in the amount that was sold

>>24979478
This statement is completely false and obviously you don't understand how gTokens and stkGRO works..
First of all they don't work in the same way. They are very different. The fee for minting gTokens is 1%, not 10% like with stkGRO.
The extra yield from gTokens does not come from the fees. In fact the 1% fee from minting gTokens is used to add to the locked liquidity pools on balancer that are in the contracts. The arbitraging action of those pools in fact creates some extra revenue for each specific gToken..
Second, the main profit generation method for gTokens is the leveraging on Compound and the subsequent flashloan that occurs all in the same block. For doing this the gToken recieves COMP, which covers the amount of the loan and generates a profit. So gTokens are farming COMP you could say by taking loans on compound.finance.. This is the revenue generation method, and its not from fee's..
stkGRO works in a completely different way, there is a 10% fee on entry, of which 50% is burnt and destroyed forever.. The other 50% goes back to everyone in the contract.. The same on exit.. The reason the fee is higher, is because stkGRO is the governance token for voting on the DAO.. You need to have skin in the game to ensure that someone can't come in and mint a lot of stkGRO, and then in turn be able to sway the votes easily..
Thirdly, the DAO treasury that is newly created, is tasked with investing in or finding outside revenue sources, like farming COVER for example, and the profits from this action can be added to stkGRO to further enhance the APY.. So it ends up being positive sum.. BTW on stkGRO there is no dev fee or mgmt fees, all fees either get burnt or go back to the holders..

>>24982451
There has been a spike in stkGRO, and I believe it will continue today as DAO voting is open for the rest of the day

>>24982478
110%

>>24982393
One holder selling to try and capture the increase in ETH/USD price would be my guess.. People do irrational things. Lots of marketing on the way for GRO and its just getting started. He really pumped stkGRO and generated a lot of fees for the LP on UNI, he will be sad going forward as GRO has a lot of success and accomplishment ahead of it..

>>24982478
You seem to have a solid understanding of gro. Could you please make a comparison table between growth and AAVE/Curve? It would make it easier to market the coin

>>24982644
Thats an excellent idea, I agree that if people could see a visual representation of the specific actions undertaken by the different protocols, how they differed, and what the benefits are by utilizing gTokens, it could be very helpful.. Thanks for the suggestion.. On it..

>>24978065
if it doesnt have a cool looking website, no one's buying

sorry it's the truth

>>24982784
Well if thats the case were going straight to Mars and and the Moon will simply be a pitstop!!

>>24982784
First to say anything about the site. I read books for content not covers, of course UI's will never be to everyone's taste, but in this case I'm happy with cover and content. It's foolish imo to miss out for this reason

>>24982739
I did see gitbooks mentioned in the chat

>>24979478
>bro people who bought BTC at $10k are just making profits off everyone else who bought it after, its a ponzi bro

Bump

>>24978410
With GRO you get greenpilled... ;)

>>24983343
lol yeah, the free market could be seen as a ponzi too, buy cheap, sell for profit to the next guy. Or maybe Charles Ponzi and his schemes are what people mean, in this case GRO/gtokens are not a ponzi.

Sick rebuttle, I love the team and project and was appalled at the 10% at first but after arguing with the team for a while it makes sense now, glad to see someone lay it all out for the doubters

>>24984738
This. Everything about this project is very logical.

I love to drink my own shit

>>24979048

My bags are full lets GRO!!

>>24984834
wrong room mate, btw get more fibre in your diet

>>24984760
Yeah, everything has been well thought out. As another has already said, most community members didn't like the idea of the 10% until they realised the full reasoning behind it

>>24979318
Audit only says that the Ponzi is working as intended, safe and secure, not that it's not a Ponzi.

>>24985355
Look up what other companies have been audited. This shit is legit.

>>24985355
BS the audit didn't say "the ponzi is working as intended".. you still haven't read what a ponzi really is. But either way stay out, no loss
Maybe try another ip, and repeat what you've said before

>>24985398
but in case you need reminded
>This statement is completely false and obviously you don't understand how gTokens and stkGRO works..
>First of all they don't work in the same way. They are very different. The fee for minting gTokens is 1%, not 10% like with stkGRO.
>The extra yield from gTokens does not come from the fees. In fact the 1% fee from minting gTokens is used to add to the locked liquidity pools on balancer that are in the contracts. The arbitraging action of those pools in fact creates some extra revenue for each specific gToken..
>Second, the main profit generation method for gTokens is the leveraging on Compound and the subsequent flashloan that occurs all in the same block. For doing this the gToken recieves COMP, which covers the amount of the loan and generates a profit. So gTokens are farming COMP you could say by taking loans on compound.finance.. This is the revenue generation method, and its not from fee's..
>stkGRO works in a completely different way, there is a 10% fee on entry, of which 50% is burnt and destroyed forever.. The other 50% goes back to everyone in the contract.. The same on exit.. The reason the fee is higher, is because stkGRO is the governance token for voting on the DAO.. You need to have skin in the game to ensure that someone can't come in and mint a lot of stkGRO, and then in turn be able to sway the votes easily..
>Thirdly, the DAO treasury that is newly created, is tasked with investing in or finding outside revenue sources, like farming COVER for example, and the profits from this action can be added to stkGRO to further enhance the APY.. So it ends up being positive sum.. BTW on stkGRO there is no dev fee or mgmt fees, all fees either get burnt or go back to the holders..

Alpha leak: youtube video coming tomorrow from a channel with over 100k subs.. last chance to buy GRO cheap

>>24985620
seen that in TG.. can't wait to see it

Growthdefi.com
app.growthdefi.com
t.me/growthdefi

>>24986712
glued to t.me/growthdefi now, always the best place for updates, also other users think of questions I haven't considered before.. win,win (:

>>24985620
I just staked half my stack, 40% of the circ supply is staked which will also reduce the sell pressure. Once Bitcoin cools off alts will see more buys coming in.

>>24986911
Sounds like that is timed perfectly with the videos and marketing that's planned for GrowthDeFI..

>>24980139
haha good call. Stephen who understands everything and math always checks out in theory, but has never made one good investment decision in his life and keeps betting on the wrong horse, what a dumb fuckin retard!

>>24987661
Stephens odds are not favorable, as he picks only projects that can't monetize, and end up being horrible investments! I really wish him luck but being salty about our success, just because he failed to see it, and went the wrong direction yet again, is not our fault Stephen, yours alone buddy, own it.. Buy some GRO to up your investment IQ massively...!

The DAO is a huge step for this project, Tons of stkGRO have been minted in the last 24 hours meaning a lot of GRO was staked (more GRO not easily liquid). Rn around 45% staked and, Don't let the whales take the bite before you..

>>24982478

I gotta check on the other guy just to make sure he's doing alright after getting fact checked...

This thread looks like a telegram channel

>>24988366
I even screencapped that post. Ouch

>>24988544
welcome to the circus cloon

>>24988544

Is this your daily affirmation you give yourself?

>>24982973
> GRO is a Liquidity Powerhouse!
> Powerhouse!

An exclamation mark on the homepage copy is a massive red flag. Even if the project is good and competent, inability to write good marketing copy means they will never be able to market it well enough to be successful

>>24989082
to be fair, the marketing campaign hasn't started yet I'm sure they will hire someone who is competent

>>24989082
Wow your level OCD is astounding to say the least. You literally bothered to make a post pointing out an exclamation point on a homepage?? Not even sure what to say bro... Just mindblowing... Cause smart contracts and APY don't matter, only thing that matters is an exclamation point on a home page... Sounds like you got it all figured out champ.. You go with those investment parameters, and see where it lands you. Really money is made in finding undiscovered Gems, not by looking for finely polished stones.. Even if this was a flaw on the homepage, I find it to be the most trivial and barely noticeable thing ever.. Wow your simplistic and just plain out there... GRO to MARS with or without you sport..

>>24989082
>When your bags are so air tight and all they can do is point out an exclamation mark on the website
Bullish

>>24989082

So you don't know that there's actually marketing happening rn? biz isn't part of that marketing... a few mainstream Youtubers have agreed to use the pre rolls we sent them as well as a few articles in the process, Since the audit result was posted on Wednesday we've already done one Cointelegraph article on as well as a twitter icon known for finding gems has just said they will be doing a full marketing strategy for us.. But thanks for checking out our website :)

t.me/growthdefi

>>24989082
oh shit I had no idea there was an exclamation mark on the website. ya no doubt man, fuck this I'm selling my bags before this shit project makes me anymore gains!

Can all upload this CryptoMoonShots post?

/r/CryptoMoonShots/comments/kgzyfg/growth_defi_is_the_next_big_thing_imo/

>>24990576
nice one
https://www.reddit.com/r/CryptoMoonShots/comments/kgzyfg/growth_defi_is_the_next_big_thing_imo/

>>24990576
YUP and gave it an award... ;)

>>24990505
GRO to fuck Mars!!!!!!!!!!!!!!!!!!!!

>>24991438
If you're heavily invested, let's make it the top post of the week https://www.soar.sh

>>24979725
It generated extra yield from 3.47x leveraged flashloans, not the fees.

Expect around 20% apy for gETH and gWBTC

>>24991585
Will have a look..
www.youtube.com/watch?v=rmB6Mr7s0kY&feature=youtu.be

>>24989271
This post is cringe

>>24991204
>>24991945
Checked and checked, good informative post and video. 4 hrs left on this cycle, get voting stkGRO holders
governance.growthdefi.com/

what should I do in order to maximise returns with GRO? assume I have like 100 GRO in a wallet

>>24992486
If you are OK with locking them for a few months, mint stkGRO. You will pay a minting fee of 10%, but with nearly 300% APY that won't matter in a few months.

If you want more freedom, become a liquidity provider on uniswap. But you'll also need ETH.

>>24992624
how do I mint stkGRO

>>24992486
Long term I would stake.. Short term hold and sell on a pump, then mint gtokens or dump now and let other have them gains. I wouldn't have 100 GRO in a wallet with out my plan in order, but that's just me

>>24992078
You mean Cringe!!!!!!!!!!!!!!!!!!!!!!

>>24992653
growthdefi.medium.com/an-introductory-guide-to-stkgro-f56e0883ace8 check this out first

>>24992677
cant link coinbase wallet through walletconnect, what a shame

>>24992812
You need a metamask wallet. Download it from google. Then you can simply send ETH to your MM and participate in dapps.

>>24993113
i hear about constant fuckery with metamask, will probably just hold GRO and sell it in a few months honestly

>>24993216
I have been using MM since 2017 and never had an issue.. Was there something you heard specifically? Pretty much anyone i've ever hear of who interacts with DAPPs uses it, I've honestly never heard of any serious problems..

>>24992812
coinbase cringe, although I'm sure they are working on more wallet compatibility

>>24993599
just people getting their wallets yoinked from them and having nothing, though i suppose that could happen with any wallet

>>24993683
Yikes, not saying that didn't happen, just never heard of it.. And as far as I know Meta mask is an open source extension, that once installed on your computer, no one has access to but you. So pretty sure they couldn't do that anyway..

Yeah I may have to figure out how to use a ledger for ultimate security over my GRO.>>24993683

>>24992812
I think a lot of complaints are not based on MM functions, but more the lack of understanding them. I was for deleting on the first day, but need it, now I know how to the basics well. Speed up, unstick txs etc.. desu it's worth looking into, as another poster has said, it's better for interacting with dapps than coinbase wallet

>>24993965
yip, I have my ledger connected to MM.. perfect for interacting with GROwthDeFi

>>24994110
That's great! Which ledger would you recommend for someone who just holds ETH?

>>24994638
nano x is a great choice

>>24994638
nano x, handy af.. but all hardware wallets that can connect to MM is perfect for using on GROwthDeFI

>>24994813

Hmm good info to know thanks for the tidbit! I think i'll get the nano just because it's got such good reviews and the products good, Just like GROwth.

>>24994932
yeah, just make sure and buy direct
I know they have authorised suppliers, but I'd deal with them directly

>>24985445
wow anon

>>24994932
Buy one from me, I’ll have it all set up for you, just plug it in and send your eth ;)

>>24995363
The pairs' COMP is yet to be added

>>24989271
you guys are better than this to put somebody down for pointing out that the website could be better, it takes 5 min to do basic things (clean up text, add github link to front page)
if the website is purposely bad to keep it undiscovered, thats a different story lol...
and make the app the center of the website already, nobody wants to read a 6 month old whitepaper anyway

>>24995363
Already looks like a bag of money and COMP not even added yet!
Growthdefi.com

>>24995425
Github link is on the homepage, front and center

>>24989271
honestly this post just reeks of desperation

i had the exact same feel from rebase fans, it's hard to put a finger on....

>>24995578
you're right, now it is, looks like they listened. nice. am very long this coin just a question of time before people catch on

>>24996025
You focus on that, and Ill just make gains. Buy now or FOMO later. $GRO

>>24996086
Many things are being worked on, just don't happen overnite, but are happening. rAAVE and several new strats being implemented. Thanks for the feedback, the team welcomes it actually.

>>24995425
Litepaper soon...

t.me/growthdefi

>>24996361
Totally, there's so much going on. Comments and suggestions are welcomed in the TG

>>24996281
Alright so can you give me the gist on how this works?

I stake my Shit on AAVE, then stake the aShit to get gShit? And I'll earn interest from AAVE and growth? Where does the value added come from, on growths part?

>>24996025
well if you don't know, I can't help you lol

>>24996763

this is snipped from an earlier reply
The extra yield from gTokens does not come from the fees. In fact the 1% fee from minting gTokens is used to add to the locked liquidity pools on balancer that are in the contracts. The arbitraging action of those pools in fact creates some extra revenue for each specific gToken..
The main profit generation method for gTokens is the leveraging on Compound and the subsequent flashloan that occurs all in the same block. For doing this the gToken recieves COMP, which covers the amount of the loan and generates a profit. So gTokens are farming COMP you could say by taking loans on compound.finance.. This is the revenue generation method, and its not from fee's..

>>24996763
you can mint your Shit directly via GROwth App

>>24996875
Aight you lost me. I'm too new to this to understand any of that.

>>24996920
its ok anon 95% of the people who bought this cant really understand it either
talk to admins in the group, they are geniuses, once docs release the world will know

>>24996768

Yeah buddy needs to remember to sip slow.

>>24996920

It's worth diving into friend, People are always in your boat when they join but they end up sticking around and understanding it's easy to wrap your head around once you've seen them answer it like 100 times hahah. Going to be better documentation explaining in the short future.

>>24996763
gaTokens are not implemented yet, but will be arriving soon. gaLINK is better than aLINK because it uses that collateral to borrow DAI and deposit it into gDAI

>>24996920
All you really need to know is that by using gTokens you are automatically using Compound.finance and AAVE for example but you are making more gains than you would by using them directly. And you do it all in a one stop shop. Thats what Growthdefi is, and aggregator or platforms and strategies..

>>24996763
Go to website and click on gToken protocol. Stake your coin and choice and earn money doing so. Simple as that.

>>24997567
Gains on top of gains
COMP & AAVE are great
GRO is just that bit better

>>24997567
But, hypothetically, should gToken dump, I'd lose, right? So I'm adding a risk vector?

>>24997908
gtokens can't dump, they are tied to the underlying
Whether it's gcETH, cETH or even ETH, if the $ cost of ETH drops they all drop in $

>>24997908
holding just ETH is the worst, if ETH dumps 50% you lose 50%
If you hold cETH you'll lose less as you've made gains while holding it
If you hold the gcETH you'll lose even less than cETH, as you'll have gains, on top of gains

>>24997908
gTokens don't dump, if the underlying token in this case LINK or UNI dump, then the $ value goes down of course. However you are still generating more quantity of the underlying token. So.... When LINK or UNI rise in price again, you now have more of it. Worth more $

>>24998435
good point, forgot to mention they recover as well.. my explanation was bearish on ETH lol

Oops was a little late good summary boys!

>>24998755
happy to help, always hit the TG first
less fud there. so more answers to proper questions can be answered (:

>>24999050
growthdefi.com
app.growthdefi.com
governance.growthdefi.com

Alot going on!!

>>24999084

#79 in 7d Volume on UNISWAP

>>24999413
Just about every metric is improving daily, volume, marketcap, DAU, TVL, not a matter of if, but when..

>>24999413
thats pretty unreal for how under the radar this gem is right now!

>>24999736
Only temporary my man...
Growthdefi.com to MARS

>>24978065
This will be a top 25 project

>>24999481

Yup!! Can easily see this being top 50 very soon it's for real only been climbing!!

>>24999971
front page baby!

>>25000721
t.me/growthdefi>>>>>for more info

>>25000721

Ouu I can see that! Endless potential really all determined by when the whales buy which could literally be any moment.

>>25000721
bump