/biz/ - Business & Finance

it's a scam

>no features
>anonymous devs
>monthslong time table
>coordinated shilling on /biz/ multiple times a day
>inability to withdraw pooled funds for 3 (!) years
b-but muh sushiswap integration STFU

It is not a scam good sirs, please buy good sirs, $1 EOM good sirs.

>>26137664
fucking retard

>>26137664
Personally I don't trust it. Didn't do a ton of research but nothing I saw made me think highly of it.

mmm sirs I am getting the shares of ants vibe sirs do the needful and grab up a bag

It's a single dev lol. If it's this groundbreaking a company can do it in weeks and outpace. Very retarded investment. Max risk.

>>26137855
>If it's this groundbreaking a company can do it in weeks and outpace
Imagine being this retarded

Why do SO MANY times get farmed. This is fucking dumb. There's going to be no way you can withdraw your UNI V2 anymore.

>>26137932
Gooby pls

i put about $200 in the BAO-ETH UNIv2 LP, going to let this pump for another week then i'm out until there is actually a working prototype. literally ANY feature. it's ALL talk at this point.

>>26137932
So many tokens*

I'm paranoid as fuck right now. I thought I'd be safe if I just farmed instead of buying but now that I'm farming I see the game they're playing.

>>26137988
You don't get it bro. You won't be able to get your fucking LP back. It's gone. When you try withdrawing you'll lose it all to a "glitch" and the Dec will say it's his priority to "fix" it and then exit scam

>>26137664
It's not a scam (yet), it's just garbage farmy food tokens.

Aint no Sushi.

Get out now if you're in profit and re-invest. This trend is gonna crash and burm soon.

DIA is your key to the citadel.

gas is so fucking expensive on weekend nights when americans are awake FUCK

>>26138078
I don't care about the bao. I care about the UNI I deposited in them

>>26137664
Gayest dumbest most newfag post I have seen on biz in the past 45min.

The amount of newfag retards here that are “paranoid” and literally don’t even know how to stake or move ETH to a Metamask wallet is outstandingly unbelievable.

Shut the fuck up OP, just shut up.

It’s not a scam. It’s on the sushi roadmap, it’s actually genius if you fucking did some research. Go fuck your self faggot. Sell if you’re paranoid you fucking queer.

>>26138147
why didn't you pool BAO-ETH?

>>26138078
the food token "trend" ended literally months ago lmao

this is a super slow token distribution larping as a food token. I don't know why, but this is the way the dev to do it. The dev is clearly credible if the rich chinks at sushi agreed to partner with him. He's probably like 0xmaki's cousin or something equally nepotistic. If you think it's a scam, just farm with a small amount of alt coin LP and forget about it. Don't buy it because it's designed to be much cheaper than it currently is.

>>26137996
>I'm paranoid as fuck right now

Lollol omg
What did you invest $50 and are mad because the gas fees are soooo high. The current state of biz. Get fucked

>all this weak FUD
Very bullish thread.

>>26138147
Aaaand it's gone

>>26138344
you can't withdraw?

>>26138191
Because then I'd have to buy their BAO coin and I was getting scam vibes from it. So I thought I'd sidestep by just farming for bao with what I already have, and we'll now here I am. I'm earning way too much BAO for this to be legit. I started thinking of literally any way they could pull off a scam because this level of farming is stupid.

>>26138230
About 4 ETH worth. None invested in BAO, just deposited.

>>26138187
Sushi roadmap doesn't mean much honestly. Sushi had a exit scam in the past. Now it rebranded and is "legit?" But what if they just use BAO as a front for another scam and throw the BAO "dev" under the bus to continue?

>Sorry guys, nobody caught that bug in the contract code. We did warn you it was alpha and that there is no professional dev working on it. We even specifically told you there may we bugs in the withdrawal calculations...


AAAAAAAAAAAAAAAAA I WANNA WITHDRAW BUT RHE FUCKING ANXIETY OF CONFIRMING MY FEARS IS KILLING ME.

>>26138463
Faggot kys

>>26138516
Dude the more I think a lot it the more it makes sense. sushiswap just scamming through a second sister project. The dev is just a sushiswap member making an exit scam side project. The documentation says like 8 times that there is no active developer and that glitches specifically in calculations can occur.

>>26137664
I remember people saying this about chain link two years ago

>>26138463
Fucking kill yourself you retarded subhuman sandnigger faggot
How retarded do you have to be to come up with such a bullshit

>>26138463
How are you earning way too much? There's one TRILLION bao to be distributed over years. The price is going to go down massively over time BY DESIGN. Did you never do yield farming? wtf

>>26137664
chink scam

>>26138734
He's just a fucking retarded newfag who should neck already

>>26138734
I know it will fucking dilute into nothing. I don't care about the token anymore, the devs probably doesn't either because you generate so much from this shit. You'll have billions of this at 0.0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000001 each. The point of it isn't exit scamming the bao, but stealing your LP upon withdrawal attempt. The token will naturally plummet to nothing. Because everyone will realize once you go in, there's no coming out. I've seen this scam before, smart contracts that just lock your fucking shit up.

Guys, how I do sell my BAO? I can’t seem to sell it on Uniswap.

>>26138893
That's why I'm farming with $500 of shitcoin-eth LP. I don't care if I lose it and won't be annihilated by impermanent loss while my trash is sitting in there.

Defi shitcoins are gambling. It's a calculated risk.

Only newfags who weren't around for summer defi farming are buying this shit

>>26138617
I said to kill yourself shut the fuck up and get out

>>26138772
Not a newfag, newfag. This shitty scam happened all the time with shit like Etherhell and other shit games back in the last bull run. Smart contracts that are just "modifications" of a popular one by a "inexperienced dev." Everyone rides the euphoria and then WHOOPS! GLITCH GUYS!!!!! ALL YOUR ETH IS LOCKED UP IN THE CONTRACT!!!!

Then that shit drains out 2 weeks later. All the LPs will be gone and you will have no way to withdraw.

stay poor bao is the comfiest shit I've ever held

>>26138900
Oh shit same here
>REEEEEEEEEEEEEEEEEEEEEEEEE

>>26139066
You absolutely are a newFag and a stupid one

>>26137749
>inability to withdraw pooled funds for 3 (!) years

idk if this is fud or if you genuinely don't know, but you can withdraw staked funds any time, there's a fee of like .5% if you hodl for at least a week.

>>26139145
There's been a massive influx of plebs lately on /biz/. In every PRQ thread there's 50 people asking how to buy PRQ and how to use uniswap. It's torturous.

>>26139066
look at the staking contracts yourself faggot they are copy paste of every other farm. The only thing they need to do is modify the synthetix contracts to allow for LP tokens to be staked and mint the synthetic stablecoin rather than only SNX. This is a long term farm..if you know you know

>>26139183
Listen here you communism nazi jew fuck nigger. Ive been trying to sell some bow and uniturd is garbage. I even have bots adjusting my slippage and gas price and still either nothing or failed txn's. I hope you rot in fucking hell you chink-kike hybrid.

>>26139108
Nah. First scam I fell for was EthersArk. This project feels like it's going to burn me, and all the signs are right in my face.
>It's in alpha
>The dev is self taught
>"This isn't an investment"
>"We only want people who will stay here really really long as community members!"
>"There may be bugs in he code btw, specifically with math somewhere and withdraw calculations or something. You're just skimming over this documentation anyway."
>"It may take weeks to fix bugs!!! :)"

>>26139145
The glitch will occur when they week hits. It'll be a 50% fee by "mistake" of some mathematical glitch. Dev will say he is aware of it and will try to fix it, but he will be "unable" to. People will get worried and have their LP hostage in the contract in hopes that the dev somehow finds a way to "fix" the glitch. Then he will exit scam.

>>26139108
>>26139240
obvious pajeets/chinks kek

>>26137664
lol stay poor retard

>>26137664
its so hard to say ive spent like 90 on gas adding stuff im already holding but ive farmed like $2k in bao + like .4 eth worth of bao i could sell if i wanted to free roll on the gas as long as it doesnt rugpull the LP its all good for me, but honestly people said the exact same stuff with sushi anon solo dev but it was actually a low key coup with the cex guys so this could be the same thing its seems weird they would be put it in their roadmap and risk looking bad, willing to risk in case it actually captures a sliver of snx/derivatives thats like 5 six figure free roll, my friend already made 20k on this cuz he aped so we'll see

When can I order a BAO rugpull rug?

>>26138143
Based tether toad

>>26139310
I don't disagree, everything you mentioned is suspect. What keeps me in this is the sushi integration, otherwise I'm staked for the ride like everyone else.

>>26139252
What the fuck are you talking about. Bots are adjusting your eth blockchain transactions to sabotage your gas and slippage? Go back to the XRP schizo thread you freak

>>26139389
You won't be able to withdraw that BAO. If you can get your LP back that'd be great, then your only losses would be the gas and whatever withdraw fee from BAO.

>>26138057
BaoMan here, can confirm

Are SEC glowies here trying to fuck with us?

>>26139503
why would sushi work with a sketchy anon dev tho, maybe its not just some random guy? its just weird i dunno desu i wouldnt be surprised if there was like fake FUD like there was with yfi to shake out speculators

>>26139506
ive already farmed and gotten enough bao out to cover gas fees thats not locked in

>>26139503
>Thinks i'm the schizo
>Doesn't have bots trading for him
>Absolute niggard

>>26139662
apys were over 10k%+ for a while lol

>>26139310
>The dev is self taught
Every fucking dev is self taught. Holy fuck how retarded are you, you fucking nigger?
If you want to get good, you have to learn it yourself. There is no "Blockchain defi builder studies" you motherfucker. Apart from that I guess you leaned reading yourself as well. Now fuck off you low IQ mongoloid

>>26139506
ive already taken out LP when the rewards went down that i didnt want to risk there was barely any fee after 3 or 4 days

>>26139667
Clearly those "bots" are working well if you can't complete a single transaction on uniswap. Anon stop shitposting me, I'm not a chink or a jew or a jannie

>>26139608
I assume you didn't mean to reply to me but the dev is probably some rich chink known to the sushi devs (current, not rugmaster)

>>26139785
mb king
possible... but also possible they just want to implement a literal cut and paste of snx in the platform cuz that would be easy money theres incentives for them to not f it up probably more than rugging they literally just need it function

>>26139785

>>26139698
So what?

>>26139759
alright I feel better now. Thanks anon.

Wait...what if this is a fucking shill?

>>26139882
im tryna not get nervous myself desu
im literally saying i removed some LP in case it rugs lmao but im staying in because if they actually just cut/paste snx it could be very rewarding

>>26139935
but actually it is kind of sketchy that theyre offering staking for literally any token pair worth any money not even profitable pools so who actually knows lmfao it could be an extremely cute rug pull, i really hope sushiswapchef.medium. is their actual blog because thats the only reason im staying in

I was literally just able to harvest my staked eth-bao pairs and receive the unlocked portion directly to my MM wallet which then exchanged for ETH on uniswap. idk what everyone is saying about "not working" but seems to be working just fine.

>>26140086
It's their actual blog. I find it weird too that they offer so fucking many pairs. Like what the actual fuck are half of these shitcoins they allow LP for?

>>26140136
They're retarded or fudding for fun because their coins are stagnant today and they're bored

>>26140086
It's absolutely legit that they're working with sushi. It's on the roadmap right now

>>26140148
It's just a way to distribute tokens en masse. The pairs are being culled over time. Most of the shitcoins we've never heard of will be axed.

>>26140167
yeah i was thinking that too just a distribution method,

>>26140167
figured as much, thnx anon.

You guys could just join the discord and have your fud obliterated directly by baoman, but you won't because the only reason you fud is your weak will and mind

>>26140252
No, it's because you would have to trust the potential scammed to prove he isn't going to scam you...

>>26140284
>excuses
okay don't go directly to the source

What’s the return for farming

ITT: low test pussies.

I bet you all order vegan bao buns.

>>26140336
>"Hey is this a scam?"
>"Nah, I would never scam you."
>"Oh ok, that ms for confirming."

>>26140363
A fucking lot. I've earned like a million if this shitcoin from just a few hours. That's why I'm scared.

>>26140530
this is why you don't "invest" more in the project than you are prepared to lose. even if there is a rugpull thats only $500 out of my pocket, no sweat. just keep an eye on the development and see for yourself

>>26140599
I wasn't planning on "investing," I haven't spent a single dime in this token. I just farmed it. But I realized the flaw in assuming I'd just be able to pull out whenever the fuck I wanted out. I've gotten my funds "glitched" in a contract before. No fun.

What do you guys farm? Are there any catch for the higher yield ones?

>>26140666
You are literally the most annoying dumbest faggot I’ve ever seen post on biz and that’s a serious accomplishment. I truly hope you die a slow and painful death and watch your mother get raped and murdered. You fucking queer, I additionally hope you lose every dollar you have and sell bao and miss out on gains. You are a piece of shit newfag faggot and this is honestly just the tip of the iceberg of how I feel about you. I could only imagine what you are like in real life and if I met you I would be very surprised if I didn’t punch you in the face within two seconds.

>>26138981
This. If this motherfuckwr actually produces synthetics on DEXes we will have a 2000c on our hands. And i put in 2k total, 1k BAO, 1K ETH at 7200. Alreafy doubled and farmed 5M. Its just a calculated risk, if it rugs so the fuck be it, if he produces i make 100s of thousands off a 2k investment. I can no longer stand the newfags on this board.

>>26141737
2000x*

>>26141737
this guy gets it. you don't make bank by sitting on your single litecoin and 0.005 bitcoin safe stacks like the newfag fudding bao in this thread. you make it with speculative high risk investments in a diversified portfolio that also has those tried and true coins. but I've already said too much and don't want to help the newfags any more

>>26141883
this is also my approach, after some early stage fomo though, I did realize it's not the best deal around as you're obligated to a three year timeframe where anything can happen

I'm now wondering is it too late to diversify and put some in SNX?
I believe the synthetics market has a lot more room to grow, it's why BAO is attractive: the huge fucking upside, in the short term there's potential for ~250x growth

>>26139183
>how to use uniswap
how

>>26142534
https://chainwave.substack.com/p/farming-bao-token

Holy shit this thread. None of the good vibes from the previous thread. A bunch of baseless paranoia and playground insults being thrown around.