/biz/ - Business & Finance

I’m so comfy oh my god

OOOOOOOOOOOOOOOOOOOOO

>>27384496
OOOOOOOO I LOVE BEING COMFY BAO AND RBC TO THE MOON

>>27384496
insta rug incoming any day now

>>27384496
doubt it but okay

whats good about BAO retards

>>27385143
no one actually knows, which is a huge risk

>>27384496
Hopefully you guys partner up with SakeSwap then both my bags will be pumped

BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO BAO

>>27385546
>>27385143
literally just read the whitepaper lol
it solves issues with both SNX and AAVE, it's the best of both worlds, it has good marketing, quality UI/UX, and a competent development team. Literally just read the whitepaper and you'll understand the excitement, let me link it for you frens:
https://docs.bao.finance/

Next leg up straight to 0.002c and reload at 0.0015

The shilling is unnecessary at best and harmful at worst. It makes the project look bad and lowers potentials gains just for the small chance you might get a tiny pump to sell your tiny bags. Just sit back and let the gains slowly accumulate. You won't need to shill it once the new devs get hired and progress starts getting made.

>>27385714
This anon did his own research. Its literally like brabus for mercedes. Kickass tuning of already decent product. No point of inventing wheel from scratch, let's focus on improvements

baoba

>>27386142
there is no BAO shilling afaik friend, it's mostly just holders celebrating gains and wanting other holders to get in on the action. It's also been very educated discussion so far, and anyone who doesn't understand that isn't reading, imo.

> holding a big stack of bao
> staking it to get an ever bigger stack
> price skyrocketing

BRB making gains on gains

>>27384496
I like baoman's attitude and perspective
he doesn't cuck out and play marketing or CEX games
plus the bao protocol has significant advantages compared to other platforms

>>27385143
>whats good about BAO retards
read this:
https://docs.bao.finance/benefits-of-bao-reasons-to-use-bao

When we getting some more exchange listings? I want to see it on kraken and coinbase.

>>27385714
>literally just read the whitepaper lol
>it solves issues with both SNX and AAVE, it's the best of both worlds, it has good marketing, quality UI/UX, and a competent development team.
s'true
look at how synthetix locked out users yesterday from staking silver during off market

>>27384496
> missed out on farming with sushi
> just in time to get my hands on some buns
fish is stinky anyways, this lil nigga makin me rich

anyone have the hentai bao memes?

>>27384496
Prepare to get fucking dumped on fools!

>>27387389
It's a little more than celebrating gains. I'll give you that this thread is better than most have been, but far too many swingies and redditors have been making Bao threads and discord posts about shilling this coin.
It is starting to wear down my hope in this project with so many plebs trying to get in on it.

>>27386142
>The shilling is unnecessary
it's good to have a BAO thread on /biz/ where we can commiserate with fellow bao bros and have live time discussions
I'm farming my BAO so it's a long term project for me, don't care to sell for marginal profit

>>27387724
Maybe after there is an actual product?

>>27387911
i agree, but personally, i care more about the product than the community. maybe that's an autistic way to look at things, but, i invest based on my own confidence, not on what other people are doing. I don't give a shit if plebbit or even faceberg decide to invest or shill or what the fuck ever, because I believe in the product

I bought 22m stacks, sold like 40% and am going to sell another 40% at .15 or .20. So I'm only farming with about 4m stacks. Did I fuck up by selling?

>>27387325
baoba

>>27387543
>holding a big stack of bao
>staking it to get an ever bigger stack
>price skyrocketing
>BRB making gains on gains
baosed

>>27384496
I'm just a humble farmer, tending to my BAO.

imagine not holding bao lol...

>>27388109
No, it's going to drop again most likely starting tonight

>>27388276
i'd love to be a swingy but i have so little that gas will definitely fuck me, so i'm gonna hold and stake

>>27384897
>he said after the first 100x
>he'll continue to say after the second
Keep sidelining a kingmaker coin, cuck

>>27387724
Never going to happen

>>27388109
>I bought 22m stacks
staking is expensive, to stake 22m BAO, you need equivalent $ value in ETH
even if you're only staking 4 million, you're good, obviously staking more is better but it depends on your entire crypto portfolio
BAO only represents about 5% of my entire holding so I went all in with my staking to maximize gains

>>27388437
i'm waiting for the xdai migration

>>27388179
based spreadsheet anon
keep stacking those gains
thanks for providing us regular updates
you're a boss for getting in so early

>>27387820
what is the problem with AAVE?

>>27388437
I was staking about 3 times that much but I removed 2/3rd of my stack so I could sell it when it goes to 15 or 20 then just ignore the rest and hope this moons long term

>>27388576
check out the official BAO docs for the explanation:
>>27387699
>https://docs.bao.finance/benefits-of-bao-reasons-to-use-bao

>>27387389
The early BAO threads 3 weeks ago were early LINK-tier deep dive discussions about applications, uses, and helping some nufrens with farming. In comparison, threads now are still pretty good with all the hype but the discussion is taking a nosedive. I know all the really early guys, before Chicos FIRST video still lurk these threads but there's only so many times you can read
>ahhhhhhh its dumping
While youre up 15x and farm daily more than theyre buying and whining over
>WHY ISNT THIS ON BINANCE, WHATS UNISWAP
and
>HOW2POOL
Still, threads are pretty damn comfy for all the hype surrounding BAO now. Obligatory, BAOman saying not even to buy if youre not farming.

>>27388977
that's the ones where i got in, the early and educational discussions. I agree it's taking a bit of a nosedive, but I don't necessarily think it's a bad thing, it's just anons having fun.

>>27387551
Oh 42 whatsup? You recognized BAO, as well, let me dig up another breadcrumb for you.
>t. fellow LINK oldfag

Cheapest way to buy? Metamask is rapey on gas

>>27385958
this anon knows

>>27389297
1inch is always cheapest for any token

I would hold at least till xdai chain deployment which is like 4-6 months from now. It can easily pull Perpetual Protocol.

>>27388977
>Obligatory, BAOman saying not even to buy if youre not farming.
it makes sense when you study the tokenomics and distribution and when you understand that this is just the first phase of a long term plan for the project
have you guys taken a look at baoman's most recent proposal for staking rewards and fee burns?

https://thebaoman.medium.com/draft-proposal-staking-rewards-and-fee-burns-34299cde6d69

>>27388838
That link doesn't mention anything about AAVE. I own both for the record. AAVE seems solid for pure financial loans, and BAO seems solid for other stuff that really caught my attention. What's wrong with AAVE?

>>27389597
yeah but they're also rapey on gas, sometimes even more than uni

>>27389750
it does, read the first initial paragraph, it specifically mentions smth about AAVE, and i believe there's some other mentions too

>>27389159
>You recognized BAO, as well, let me dig up another breadcrumb for you.
>t. fellow LINK oldfag
thank you, yeah I remember when a few of my colleagues were shilling synthetix to me in 2019, but it is precisely due to the reasons baoman outlines in your pic that prevented me from investing at the time
the advantages of the bao protocol became immediately obvious to me and so I pulled the trigger
currently staking a fat stack of BAO
I know a few other link marines who are stealthily investing in BAO as well
cheers brother

>>27384897
Cope and Seethe

>>27389787
No they aren't. You can set your own gas price in the menu. 1inch default gas price is 'fast', this makes it seem more expensive.

>>27389929
holy 42, is 150k BAO enough to start making it? i know i won't go from 0 to retirement, but i want to have a sizable sum to start multiplying

RIght ive asked in 4 threads now, hopefully someone will help

How do i do this? Ive setup metamask. Do i just transfer ETH to metamask, swap ETH to BAO using UNIswap, hold until profit, swap back to ETH?

>>27390038
yes, literally just that
there's also farming with liquidity which you can do on bao.finance, i'd recommend doing that after the xdai migration in february so you don't get raped by gas, i'm presuming you're a poorfag

>>27389750
I'm not knocking AAVE, but I would encourage you to read the entire bao docs linked in the thread to learn more about the dynamics behind the protocol

>>27388977
>WHY ISNT THIS ON BINANCE, WHATS UNISWAP
mfw

This in uniswap?
Please tell me I’m not going to get shit on if I buy some of this

>>27390038
Yes. And don't listen to these idiots tell you to farm unless you are in for long term(3 year long). I have high hopes it will do 20x but I'm not holding it for 3 years

>>27390165
I thought the migration was in march

HOLY FUCK

WHY IS BAO RISING SO MUCH

2 WEEKS > 850% GAINS
AND IT WAS LAUGHED OFF AS SHITCOIN

>>27389911
Oh I see that now, however all it says it is similar to AAVE of the finance world but for uniswap. It doesn't mention AAVE having problems that I see.

>>27390038
>How do i do this? Ive setup metamask. Do i just transfer ETH to metamask, swap ETH to BAO using UNIswap, hold until profit, swap back to ETH?
if you're asking how to farm and stake BAO, then this is a useful step by step guide:
https://chainwave.substack.com/p/farming-bao-token

>>27390352
you might be right friend, my bad, i'm doing like 5 things at once and i probably freudian slipped.
>>27390340
oh, i thought it was feb. didn't baoman say xdai migration in feb?

>>27390038
Correct also link bao.finance with metamask but this part
>hold until profit
Gas fees are really high so unless you're thinking of staying long term don't bother.

so happy i have a bag and im farming more

>>27390265
>And don't listen to these idiots tell you to farm unless you are in for long term(3 year long)
depends on your exposure to BAO
if you can only afford to throw in a few hundred or a few thousand, then farming might not be for you
for others who have a larger crypto portfolio (6-7 figures or more) then yield farming BAO makes more sense since you can throw in 2-5% of your entire crypto worth on this project

BAO represents a new opportunity in the DEFI space, and given the absolute shitshow of traditional markets (look at last weeks gamestop fiasco) I am extremely bullish on this project

>>27390251
Who knows how the price will fluctuate, but read the white paper, it is a legitimate project and has partnerships and a roadmap, it's not just like Doge or Shib or whatever where it has little to no fundamentals

>>27390036
>>27390251

https://docs.bao.finance/risks-of-bao-reasons-not-to-use-bao
it's meant for farming, not investment
with insane gas fees could always buy in now and then farm after pool migration

>>27390579
Ah by hold i just meant like, keep it til its +50/100% or whatever i feel is solid enough then convert back. Don't feel confident enough in BAO in particular (though currently researching more into its actual purpose). I just dont want to miss out on the next big one

>>27390511
the latest date for xdai migration is March 1st
baoman said if they finish earlier he will let us know, but March 1st is the tentative date
check the official discord and his medium and twitter to keep up to date on the latest announcements

>>27390833
i understand fren, but it will appreciate in price regardless, and i'm looking to make gains off of that. i get that it's designed as a farming token

>>27388567
Thanks. I regret not bringing my farm up from 4mm stake to 10mm stake when it dipped after I first bought in, but can't do anything about it now. Just gotta stay humble and tend to my farm.

>>27389929
hey 42 im a pretty big newfag (been here since early december and I've heard other anons talk about you and other LINK oldfags, could you explain what those different pools in the medium article are since im retarded?

Best chart for bao? Just bought and want to know how rekt I am

big dick farmer coming through. stay out of the 1inch pool. that's mine.

you've been warned.

>>27390511
>>27390902
What do you do once the migration happens? Do you simply harvest and unstake and then move your univ2 tokens over to the new thing?

>>27390347
>AND IT WAS LAUGHED OFF AS SHITCOIN
>listening to plebbit nufags masquerading as oldfags
Whenever you see a project with threads and very good discussion, do yourself a huge favor and read the whitepaper and docs. Thats how you make good decisions in crypto.

I only have a small 150k bag but IDGAF. Feels great to have my first x12 in less than a month

>>27390713
I got in really early on this project (like .00004) but I'm a huge poorfag with only like 5 million BAO, and I started farming it. I've been getting analed by IL (I've lost like 4 million), is it still worth to farm? I think I'll make up my initial investment and then some, but after should I hold?

>>27390511
That's understandable, what problems do you have with AAVE then?

>>27391512
i don't have any, i was more just stating what i remembered it saying, personally i like aave

>>27390347
Because people are too dumb to read the documentation. It takes like 5-10 minutes tops. That, and people are too impatient to farm and complaining about shit like gas fees and IL despite all the smart farmers constantly reiterating that you warn back your fees within a week or two and IL is balanced out by general price increase combined with farming rate.

People want money NOW so they only chase moon missions then get pisses when they buy the top. BAO has been shilled here for like a month now and has had nothing but upward momentum thus far. Just know that if you're one of the smart ones currently farming, you're ganna fucking make it.

>>27390036
>holy 42, is 150k BAO enough to start making it?
if you want to get in on farming, I would recommend at least having 1 million BAO
a 150k stack is a relatively small sum but it depends on your overall crypto portfolio and how much money you're playing with
I would recommend reading the official bao documentation (posted in this thread) for detailed information about the project and the timelines
regarding price predictions, who knows where it will go, but if it scales to the marketcap of some of these other services (aave, synthetix, etc.) then we will see big gains
the thing that made me jump into this project is their collaboration with uniswap and sushiswap
as you can see, uniswap is going places and sushiswap will follow

What happens if you don't stake and just hold it? 500k bag holder here

>>27384496
Is there a way to buy this without paying the insane eth fees?

>>27391738
Is there a bao telegram I can join?

>>27390036
How does $150,000 U.S. Dollarinos sound?

>>27391482
>I've been getting analed by IL (I've lost like 4 million), is it still worth to farm?
check this anons spreadsheet, the losses in IL become negligible with respect to the gains you make from farming and collecting fees from the uni/sushi liquidity pools
>>27388179

What happens is you don't stake and just hold your bag? I've 500k at the moment

>>27392012

Aye, I'm just terrible in filtering out the legit hype threads and falling for autism traps..

Just bought 4,1M bao, that was my last ETH
Is it worth looking into farming with this small amount?

>>27392341
>https://www.gate.io/tradepro/BAO_USDT

>>27392346
no telegram, discord
check baomans twitter page too:
https://twitter.com/thebaoman/status/1356298135442759682?s=21

>>27392341

I just bought 4.1M and the fees were like 28 bucks, it ain't that bad bh

>at 1 penny I will have $150k of bao + $500k farmed and ready to pay me daily for 3 years

it can't be that easy anons

>>27390833
Definitely more info than tons of shitcoins shilled here. Will read thoroughly before deciding to invest

>another pump day
this shit might actually hit a penny by summer

>>27392402
there's some good videos on the topic of IL that are helpful in conceptualizing the dynamic:
https://youtu.be/8XJ1MSTEuU0
https://youtu.be/cizLhxSKrAc

>>27392438
you can't farm just BAO. you need to pair BAO and ETH. so say you have 4.1M BAO (~$5000). you need ~$5000 of ETH to pair it with.

>>27392897
Or farm, whatever that is

>>27392438
>Just bought 4,1M bao, that was my last ETH
>Is it worth looking into farming with this small amount?
you're going to need ETH to farm
you need to have a ratio of 1:1 BAO:ETH (in dollar value) to be able to generate the uni/sushi liquidity pool tokens that you use to stake on the bao platform

>>27386142
I don't see a ton of shilling honestly; mostly just holders making excited threads when it pumps. Discussion in these threads has been some of the best on /biz/ in the last month - lots of intelligent people talking calmly and reasonably about the potential of this project. Though recently as the project gets bigger we've had more 80 IQ posts like >$1 EOY
>what is a liquidity pool
>what is impermanent loss
>what is a dumpling
Still feeling pretty cozy in these threads either way.

I'm not going to lie fellas, I'm going to have to get out with my 100k bao at some point. If I don't, you farmers are going to destroy me and I'm too poor to manage. I'm happy with the steady gains we're seeing though, especially today. Think we'll see .005 or 1c eow?

>>27391164
https://www.dextools.io/app/uniswap/pair-explorer/0x9973bb0fe5f8df5de730776df09e946c74254fb3

this project is one guy that looks exactly like that dumpling

>>27393181
no. but if you're not farming inflation is going to destroy you. best to get out now.

>>27388179
Awesome pics. Great size. Look thick. Solid. Tight. Keep us all posted on your continued progress with any new progress pics or vid clips. Show us what you got man. Wanna see how freakin' huge, solid, thick and tight you can get. Thanks for the motivation.

>>27393181
I think 1c eom is possible with anticipation for xdai integration, most likely next month though.

>>27384496
thank you for the assblaster-esq post 3 weeks ago anon.

>>27393305
isn't the coin itself designed to not have to much a circulating supply, with the 3 year lock and burns through voting?

I bought RBC but I think I should've bought some BAO as well now.

>>27393423
Explain this inflation thing...why can't I just hodl?

>>27385714
>competent dev team
bro its literally one guy the fuck u mean lmao

>>27395735
it's two guys afaik.
but coming from first hand industry experience, i can assure all of you: team size =/= competence

and from what i have seen so far, baoman seems capable.

>>27396129
After reading his twitter rules I feel very bullish.

>>27395735
>>27396129
Yeah bros, BaoMan is the real deal. My only concern is that he's wearing himself too thin. Apparently he's been doing 18 hour days to keep up with the momentum of the project and all the new interest it's getting. They're in the process of hiring a few more devs btw.

>>27392647
You are a winner

>>27385546
this is bullish because either a) its dumb obviously bad fud or b) you actually believe it which pleases me that such a retard is my market adversary. thank you for posting.

>>27384496
Can someone explain how the staking works? I pooled my ETH with it, but its not displaying on the website or in my metamask wallet.

>>27396129
i guess that makes sense, what other experience have you had?

>>27396703
BaoMan comin up on a bag - he dont give a shit bout the sleep rn my nigga gettin in

Is it better to provide liquidity now despite my plan to start farming in March post-migration?
I think BAO will be more expensive by March, which will therefore require a larger quantity of Eth to match my BAO… So holding the LP tokens rather than the regular bao tokens in my wallet now in preparation would be advised, correct?

>>27397953
If you have a >1 million stack start asap

>>27396857
>Can someone explain how the staking works?
see the guide here:
>>27390394

>>27398352
thanks dawg

>>27398123
tfw only have 300k
guess i'm forced to wait like a poorboi

LETS GO NIGA

1.2mil stack reporting in. I'd honestly wait for xDAI integration before farming. Unless you have 4mil gas fees are going to destroy you.

we hit 13 again today

Is it too late? got 0.1 eth lel

>>27399153
Run the numbers it might be worth starting with 300k stack, but the gas fees might eat up any profit

>>27387389
This. I don't need to shill. It's proving itself without shilling.

>>27387909
>Prepare to get fucking dumped on fools!
heh...nothing personal kid

>>27399892
Also how do i track my gains with this shit? TOo used to being babysitted by kraken

>>27399435
Waiting for xDai has its downsides as well. Look up the distribution. Farming rewards are cut in half soon.

>>27391096
>could you explain what those different pools in the medium article are since im retarded?
which pools are you talking about?
are you asking about the liquidity pools and how to farm?
if so check out this link:
https://chainwave.substack.com/p/farming-bao-token

or are you asking about this medium article?
>>27389657
>https://thebaoman.medium.com/draft-proposal-staking-rewards-and-fee-burns-34299cde6d69
he says they are similar to Sushi - xSushi pools where you can collect some of the fees and token burns and redirect it to your farm

baoman had an interesting thing to say about someone commenting that burning was not a good feature:
https://www.placeholder.vc/blog/2020/9/17/stop-burning-tokens-buyback-and-make-instead
>I think the Joel M article has very good insight into why burning mechanisms might not be optimal, especially in the early stages of a project. They do NOT incentivize active participation in the protocol, which IMO should be the priority. They re-distribute wealth among the current holders, rather the incentivize them to get more involved in governance, liquidity pools, trading, etc.

baoman:
I think this is the most interesting point. But, I'd argue that buy-and-make doesn't do that either.

But I do think this is a really good idea. So I wonder if there is a way to capture value of those burns and focus it more on people who are actively adding value to the protocol.

I'll have to think about this, but that sentence I think is a very important concept that is on to something.

>>27401324
https://app.zerion.io/

>>27401491
the average pool gets around 3000% APY. 1500% APY on staked pairs is still good. What makes this better for smaller farmers is that xDAI is expected to have 0.25-0.50 gas fees.

>>27395576
Because millions of BAOs are being farmed every day. Even though the release schedule avoids a massive dump like other farming projects, there will still be huge inflation over time

>>27401324
Where the fuck do i see my BAO in metamask

>>27395576
>Explain this inflation thing...why can't I just hodl?
https://docs.bao.finance/distribution-tokenomics

>>27399739
>we hit 13 again today
https://youtu.be/EisCj-htPFA

Lambao

Questions for a crypto noob:
1: Is it too late to get into BAO?
2: Is best way to get ETH and swap via Uniswap?
3: How do you sell when it's done? I'd imagine after swapping the coins are in a wallet then you just Uniswap back to ETH and sell
4: What are gas fees like?

these are good sites to check out your impermanent losses and your gains on your liquidity pool tokens:
>https://apy.vision/#/
>https://yai.finance/tracking

>>27403392
>Questions for a crypto noob:
>1: Is it too late to get into BAO?
no
>2: Is best way to get ETH and swap via Uniswap?
yes, buy via metamask
>3: How do you sell when it's done? I'd imagine after swapping the coins are in a wallet then you just Uniswap back to ETH and sell
you can use uniswap to sell
>4: What are gas fees like?
not cheap (to get my liquidity pool tokens from uniswap via ETH-BAO pair, it cost me $170 in total gas fees) and then you have to pay another fat fee to start farming your uniswap liquidity pool tokens
>mfw those gas fees

>>27403392
1: No
2: Yeah
3: It's never done, the ride never stops
4: Hell on Earth

MY BAO STAY SUPER TASTY
MUNCH MUNCH MUNCH MUNCH

>>27401986
Tried this, only shows my ETH though not my bao?

>>27404636
this one's better
https://yai.finance/tracking

Would BAO trading synthetics allow for some kind of crypto index fund?

>>27405925
yes it would, literally anything is possible

>>27405266
That one seems to show nothing, weird. The zerion works but only shows my ETH and shows my amount before buying bao

>>27384496
bro i have so many bao wtf mane
why didnt' i just trade stonks and learn options FUCK MY LIFE REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

Bought BAO but I’m a poorfag who can’t farm. I fucked up frens

Proud owner of 47k bao

Thios fcuker better hit at least 1c

>>27384496
im trying to stake my bao but in order to get it into the farm its asking me to pay a hundred dollar gas fee.... whats the deal with this/is there any way to make this any cheaper?

>>27407249
it will man, it will.

Should I buy more BAO daily? the dump doesn't seem to be coming and I'm already farming.
>>27407346
I paid 50+20$ (you need to approve two transactions)
wait for a cheap gas rate and don't even think about it if you're going to pay more than 10% worth of your stack in gas

>>27407346
Wait until nighttime in north america and the fees usually are lower.

>>27407647
okay thanks for the input
>>27407558

>>27405925
dude, BAO synthetics will allow fucking pink and green wojak indexes if you want. that's why we're so pumped up about this - literally any asset imaginable can form a syn. asset.

Realistically what price will this hit, EOM

>>27409177
not sure friend, maybe 5x from now? 10x? This is still very early stages as it hasn't even hit a cent, but it has a lot of potential

>>27409245
Is holding an ok strategy? Sorry ive posted a ton of retarded shit in this thread, just looking to honestly learn and get better here, Should i bother farming if i don;t have much to spend on fees?

>>27407558
How low can I expect it to get to?

Ah shit I have both REEF and BAO, both are very low mc wise, seriously considering moving my REEF stack to BAO.

This fixes my IL problem.

I would be in this so much bigger if I had more cash
I get it now about finding projects you believe in. This is the first one I do and I just want to get more desu

>>27409704
tfw you have 8700 BAO-ETH UNIV2 tokens

Think we will see a market cap of 1 billion this year?

>>27409371
most people would tell you no, but personally, i think yes. BAO will appreciate in value over time, even if it has its dips, and there's nothing wrong with not throwing it into a freezer for a few years just to make more APY, especially when your initial investment is small.

Not selling until 10c

>>27409906
Can I still get that amount of tokens by $16'000 worth of BAO-ETH?

About to break ATH
IM COOMING

>>27410244
close to it
but the price did go up since last night so I can't say for sure

>>27410320
and there it goes. fucking hell, we might see .0015 eow

>>27401986
Still can't get this too show...is it meant to show BAO as a seperate asset? or just list is under ETH

>>27409906
Basado. 7100 SLP and am farming in multiple other pools. 42, do you get the same read I do on BAOman? The guy seems incredibly seasoned, professional, and almost "undercover", like a dev who's been around - and started the project as lowkey as he could, to give fair distribution. BAOman is half the reason I invested in the project to begin with.

>tfw "only" 700 lp tokens
>still farming an absolute assload and been at it 12 days now
Feels good man

>>27388977

I've been reading the docs and am just dipping my toe in understanding LPs and impermanent loss. I understand that bao's strength is being able to create an asset at any time to essentially track anything, right?
Like,

"I'd like to long the unemployment rate, I'm going to create an instrument to do that right now, using BAO" is the example their docs use.
Can you explain the moat BAO has that separates other synthetic coins that already exists? Why can't this be done using the other coins?

I only have 100k and was going to buy up to 1million to farm on this last dip, but I see I'm too late. I probably would still wait until the DAI migration to start farming anyway so I'll keep an eye out. Thanks for any insight anyone offers.

>>27411446
Apparently he's only been developing with solidity for less than a year. 15 years of business experience though

>>27411961
One thing to consider about waiting is that the block rewards are going to half in 2 weeks. That'll have a not-insignificant impact on apy

>>27384496
WTF BROS? WHY IS IT PUMPING SO HARD? AAAAAAAAAAAAAH

SOON

Wish me luck boys, just sold 1m bao of my 2m hoping to rebuy cheaper if it dips to .00100 again

Correct me if I'm wrong, but isn't one of the reasons this pumps all the time because people are locking away their stash for stacking?
Meaning there isn't really a sellers market, but more of a buyers market.

>>27385714
1 man development team

Look into it lad, legit project and a huge % of the supply is staked right now . Any slight buying pressure = major pump

>>27412645
We are going to $40.

>>27384496
How do I buy BAO

>>27412775
i'm a 1 man developer too, what's your point. I made something a few years ago that accrued 100k downloads and made me famous for a bit. Anyone can do anything, in fact, the fact that it's a one man team gives me more confidence because there's no room for error, it's just one guy doing things his way. Teams allow for inconsistencies and the potential for a shitty member.

>>27412818
You swap ethereum for BAO on something like uniswap.

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

>>27412949
Exactly, it's stable like a monarchy.

>>27384496
where do i buy this?

Noob here, how do I farm?

most of my networth is in BAO

>>27414169
Ahahahaha everyday we pump and everyday more people ask where to buy and how to farm.
Absolutely bullish. We’re so early!

Please stop pumping for a week or two

>>27414039
Close your eyes and hold out your hands.

>>27388179
That's awesome bro

>>27414233
that is a big bet. I'll think about it.

>>27414630
No! YOU BUY BAO NOW.

>>27414233
same, 50% nw in bao, the rest is locked in my fucking automobile kek. jacked into this shit real tight.

>>27413078
uhhh

i don’t know how

Portfolio?
>25% bao
>50% ETH/bao SLP
>25% bao

yeah, I'm gonna make it

>>27415157
The link has pictures...

rip just spent 60$ to shift 600$ from a shitcoin to BAO, how am I supposed to know the first tx is just asking for permission for UNISWAP to fuck my ass and not the real gas price. w/e I'll get only 800% up instead of 900%.

100% BAO / ETH chad here entrypoints: .0001, .0004, and .00056

Shilled this early jan idiots here wouldn't listen

I should sell BAO for fiat for all these new fags that don't understand uniswap yet.

I only get around £400 a month. And £80 of that has to go to fees. So that leaves around £300.

How shall I plan to invest into farming BAO with this amount per month? Any advice would be great as I want to maximize what I can earn before December.

.0014 accepted?

>>27415885
>Shilled this early jan idiots here wouldn't listen
Thanks. BAO was my first try at DeFi.

so glad I got in this at the start of January with a 10M bao/eth farming stack. feels good to be early for a change

>>27414039
Holy fuck just read the fucking thread you fucking retard.

So happy for my baobros

I'm thinking of tossing an ETH into this. I'm not interested in farming or staking or anything like that. Good idea?

>>27416766
literally no if youre not going to farm, bao is not to be seen as an investment, its right there in the docs

>>27416766
The pumponomics seem to be more solid than concrete so you can set an easy sell at 1 cent for sure. your bao may become less valuable as staking rewards unlock though, so it's not the wisest idea long term.

BAO pays you money from a made up token. This is a zero sum game. Some will leave with 10x, some with 100x, but most of you will lose your wealth forever.

MUSE gives you a share of all fees from an NFT DEX. When normies are trading rare skins and concert tickets on NFT20, you are making money from each transaction.

If you own 700 MUSE, you get 0.1% of all fees. They just made $1,000 in a single day. If they make $1M, you will make $10,000

>>27417421
Scam

>>27416968
That's what I'm thinking also. Thanks bro.

>>27410985
literally about to hit .0015 lol

>>27417421
Ya these are all scams, I'm not sure you've noticed. In fact, our entire economy has been built on similar scams for like 80+ years now.

>>27395735
Kek this. There is even a warning on their site to say just this. Fuck is wrong with you all. Get in rbc ffs

How do I sell locked BAO. I should be able to make a smart contract for future realized BAO.

went from 200 to 2500 dollar feeling like a baose

If I will start staking my coins are locket until 2022 and all staked coins I will receive in 2022 as well?

>>27414770
I made a nice X10 already, so that's why also lol
I'll ride this to 1c, maybe more
BAO is life

>>27417689
fuck me it did, hahahahaha

Anon 1 man team? No thanks. To those in the green play it carefully and get out before it rugs.

>>27418189
lmao the fud is beginning. stupid retard

I gave BAO to a friend but it's not showing up in his metamask wallet. Does he have to add the token? I can't remember if I did or not

>>27418461
i think you have to add it, i had to

>>27412949
ARCx dev is that you?

>>27418461
yes they have to add the token, you can copy it off coingecko and then paste into metamask

>>27395735
>bro its literally one guy the fuck u mean lmao
IF YOU join the discord you would know that baoman is in the process of finding more devs. pretty sure he hired 1-2 already.

>>27418534
nah, i'm relatively a newfag to crypto, I did steam modding for videogames

>>27418278
Why would I fud a dumpling coin that I would never buy? You should be afraid of a single anonymous person having control of your investment. I have made money off of these types of shitcoins so I get it im just saying don't get too greedy with this one.

Just buy Sake token because it's so heckin cute and validated

Guys I can't bring myself to pay $100 in uniswap fees to get one eth of this. I'm so fucking sick of these fees. Do I have any other cheaper option?

>>27418727
oh no i'm quaking in my boots, a single anonymous person has 20 dollars of crypto i bought, oh no, whatever shall i dooooo

Please stop pumping I'm getting destroyed by impermanent loss

>>27418751
>the color scheme is the trans flag
wait a fucking seond

>>27405925
> crypto index fund
based as fuck, anons already thinking about indexes.

>>27418771
You need to do it around 6am GMT

>>27418461
Go to metamask->add custom token->paste bao address

>>27418771
yeah, wait for xDai migration. bao will probably be higher tho

>>27418771
Buy on gate.io
Its normal exchange with like 0.3% fee

>>27418727
>dumpling
Swiity no, that is a Japanese garlic

>>27418831
>Please stop pumping I'm getting destroyed by impermanent loss
same i literally just broke even after farming this for like 3 weeks

>>27418819
>you're a poorfag
Ok
Have fun playing investor with scams.

>>27419092
Is the farming not offsetting that though?

>>27418831
Can you see IL in real time?

>>27419018
Canadians can only trade mainnet coins and not tokent. Fuck it I'll just bite the bullet and eat a $100 fee AGAIN lol

Whoever fixes this issue will be very rich. What projects are focused on that?

>>27419114
already made 10x but thanks buddy, i'll wave to you when i make 100x because you were too scared of "1 person dev team"

>>27419092
what site is this?

>>27418727
Thank you for caring for our financial well-being, Anon :3

Now go buy XRP while I keep doing my own research on my already 15x of the month :3

>>27419092
Impermanent loss is such a stupid name, it's almost always permanent

Bao is bae

>>27419373
Cash that golden ticket out and after gas you can buy 4 link

>>27419177
it should in due time, i got in at like .00004 but im an extreme poorfag who only put in like 200$. Seeing me losing this much is pretty insane since it's more money than ive ever had in my entire life
>>27419384
apy.vision

>>27419639
But you will be up wETH at the other side

>>27419470
Because my options are only either a uniswap scam or a failing jewcoin? I didnt think much about this coin before this thread but now im just excited to watch you telegram shills get rugged.

>>27419822
yes, but nowhere near the amount of BAO that I lost. Pic is when I checked apy.vision, as you can see I lost about 6x what I got back in wETH

>>27419994
If it helps you, go ahead, Anon. Keep coping! :3

>>27419994
cope nigger

>>27420037

Just hold steady - when ETH rises you'll get all that BAO back.

Current best strat is to be staking 100% of your BAO in to LP tokens and 100% of them in to farming.

This coin isnt going to 0.01 this side of summer and ETH is due for a kick soon so everything will balance out.

Keep farming, collect that at the end of the month and then sit on these for 3 years and you'll make it.

What's the minimum for a suicide stack?
A million BAO?

>>27420603
I thought it was continuing until December? Why do you mean end of the month?

>>27420037
>>27420603
Happy to hear this anon - I've a 5m stack as well and farming.

What the fuck do I do now.
Take profit?

>>27420603
that's the plan anon,I already put everything I have into farming. I started in december with 3000$, blew 2k on GRT at .70 like a fucking retard and the rest on shitcoins besides this one, which I actually liked. I'm not selling until the marketcap of this guy hits SNX level, I legit think it can get there since it improves on SNX which is a great idea in itself

>>27392223
Would also like to know too. 500K here too anon

>>27411446
>42, do you get the same read I do on BAOman? The guy seems incredibly seasoned, professional, and almost "undercover"
I get that feeling too
it's a big reason why I went in with this project

>>27420716

At the end of the month there is a migration to xDai which will mean *MUCH* lower fees for harvesting. Definitely carry on staking all year if you can afford to, but you'll want to harvest the current batch just once at the end of the month and have to stomach the horrible $100 ish gas fee. After that it'll be pennies to harvest and you can do it much more often.

But for now.... just sit on your hands and wait, there is nothing else to do now. You're strapped in to the rollercoaster, getting off early = definite loss.

>>27420613

Get out of this idea of suicide/make it stacks - there is only what you can afford to play with now vs what you cannot afford.

A suicide move is over stretching and losing it all. Be happy with what gains you make - there is more to life than all this crypto. See it as a nice little extra.

The plebs here who claim to be millionaires are almost certainly not.

nah catch this shit and pump my shit bag hopefully it moons lmao is it a good idea?
app.uniswap.org/#/swap/0x244491E12faC24b0eE83D68B128aFc5E94B23f88

Gonna go sleep, hope I won't regret not taking profit at 001488

>>27421138

Hodling is fine, but this really is a farming coin. There are better small-coins I would be hodling at the moment than this (ATH or ZRX for example)

>>27421862

over the course of 2+ years you will regret *taking* 0.001488

I want to keep my 10MM Stack, so I'm using other coins to farm.

>>27421335
Its fucking Jack Ma!!!

>>27419994
>just excited to watch you telegram shills get rugged.
honestly hate when faggots act so smug because they get in early. don't listen to those faggots, anon.
>t. bao holder

>>27421400
Do I need to do anything with my tokens for this migration?

If you buy this shit you deserve to lose all your fucking money you believe your gonna hit 1penny with that supply

>>27422885
We are going to $40.

>>27422885
I can show you multiple coins that are over 1 dollar with bigger TOTAL SUPPLY. Let alone circulating one. The moment this shit hits top 100 is the moment it goes over a dollar.

>>27384496
Is there anywhere to short this?

>>27422885
>Supply
You are never going to make it. This is a HIGH IQ/low IQ coin and you are a midwit. High IQ is buying because of tokenomics and usecase... low IQ is buying because cute logo.

>>27384496
Please get me there after my losses with $SHIB i cant anymore please god

ooooooooooooooooooooooooOOOOOOOOOOOOOOOOOOOOOOOOO

Farming anons I have a question. When you can withdraw farmed coins? Both those which you've put to farm and new one that you generated? You can get then any time?

>>27421400
I thought you need to have the bao spread across 3 years though?

>>27423105
Those you put to farm at any time. Those you have gathered you get 5% instantly and the rest will be slowly unlocked daily over 3 years starting in December (if everything goes to planned).

>>27423485
You get out what you staked plus 5% of the locked ones. The timeline is in the white paper I think

>>27421335
Hiya 42, are you ready to take my virginity today?

https://debank.com/portfolio/0xbd530a1c060dc600b951f16dc656e4ea451d1a2d

>>27423647
was meant for
>>27423485

>>27423824
>42
Who is number one?

>>27424065
>Who is number one?
https://baoboard.com/

>>27420037
my question is, if you had instead waited to generate your liquidity pool tokens, would you have more or less of them when BAOs price was higher?
is it better to generate the liquidity tokens when the price of BAO is lower or higher (relative to ETH for example)?

>>27423242
What if I bought it for all the reasons you just listed?

>>27423242
>High IQ is buying because of tokenomics and usecase... low IQ is buying because cute logo.
my wife got me to look into it because she said it looked cute
after looking into the tokenomics and reading, I invested a nice chunk of change into it
based baoman

https://youtu.be/YYgnCNNmixE

>>27388437
You have 8k LP Tokens and this is just 5% of your portfolio? Holy shit.

>>27424914
>You have 8k LP Tokens and this is just 5% of your portfolio? Holy shit.
there's always opportunities anon, BAO is the next one, if you stick around for a few crypto cycles you can be where I am and beyond
you have to play it right though, you need to keep moving from opportunity to opportunity
~90% of my portfolio is in a combination of chainlink and linkpool (ICO buyer)

>>27424832

>>27424563
>is it better to generate the liquidity tokens when the price of BAO is lower or higher (relative to ETH for example)?
anyone have an answer?
or is it just going to cost you more ETH to stake the same amount of BAO (assuming the price of BAO goes up relative to ETH)

>>27423515
>I thought you need to have the bao spread across 3 years though?
once you harvest your BAO earnings from staking, it gets locked for a year and then paid out to you over 3 years (day to day)

>>27423808
>Hiya 42, are you ready to take my virginity today?
let's keep it focused on BAO

>>27426085
>let's keep it focused on BAO
Nuh uh.

>>27424563
I'm not exactly sure since as I said earlier I'm a retard, but I'll take a guess based on what I know. I think starting earlier is better since I receive LP tokens based on my liquidity share, right? So the earlier I start, ie the lower the price of BAO, the higher liquidity share I have, and thus the more LP tokens I get. However, the main risk here is obviously the fact that I started so early that IL fucked me over, but I'm pretty sure as other anons and you have said I should be making it back and then some. I'm not sure if starting a bit later to mitigate IL would have been better, but I'm pretty sure since I'm farming earlier is better since I have more time to mitigate IL.

>>27426180
>I'm not sure if starting a bit later to mitigate IL would have been better, but I'm pretty sure since I'm farming earlier is better since I have more time to mitigate IL.
I think fundamentally that's what wins out in the end
cheers

>>27426164
bump limit reached
where's the next thread?

>>27426085

I don't get that paid out part honestly, so lets after a year your baos get unlocked, will you be paid according to that pricepoint that exact year for three years, or will it devalue slowly day by day of your payment, because it keeps loosing value from there on out?

>>27426310
I guess here
>>27420802

>>27423242
>>27422885

any anons actually looking at creating index synths in the future?

>>27426542
42 chekt

>>27426490
>I don't get that paid out part honestly
https://docs.bao.finance/distribution-tokenomics

>>27425616
I have 21mm of DAO and was thinking only about hold. Do I really should consider staking? Im not convinced to lock my coins for a year