/biz/ - Business & Finance

https://thebaoman.medium.com/a-dumpling-vs-wall-st-why-we-need-synthetics-fb2eb87ccb86

https://thebaoman.medium.com/bao-v2-the-journey-86dab5a203de
Most bullish medium out there

Lool i saw people saying “shit i missed it, whish price would dump so i could get in” on the discord the whole week. Now i see them unsure of whether they should go in. Crypto classics

>>27761199
Can't wait for all the retards that fudded to FOMO back at .005

went in heavy. This is gonna pump so fking hard once they release their synthetics this month

pumped 600% in 1 week, this correction was obvious

>>27761275
That was a mod larping as a CORE dev.

>>27761665
Regardless, they basically made sure latecomers got another chance at boarding this train

>>27761199
i'm riding the RBC train, let me grab a seat on here too. Where do I buy?

Friday is usually when it pumps the hardest so watch it fly tomorrow and rek all the dumbfuck fudders

In case you are a room temp IQ retard, can't understand what this project does and what it's aiming for, maybe you'll get this:
A fucking binance wallet bought 800 ETH worth of BAO yesterday

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

>>27762109
Humble Farmer, I have a question. When you Harvest, the "BAO Earned" go to "Locked Bao", 5% into your wallet and the rest just stays Locked until december and bla bla bla for 3 years?

>>27762285
Yes.

>>27762101
How do you buy BAO through CEX?

I'm a poorfag is it worth just buying $50 of this or will i get shafted by fees?

>>27762109
based excel autist

>bought the dip

>>27762332
Thanks, I'm a retard and trying to understand to farm in xDai when the migration happens.

>>27762285
thats is correct sir, kindly tend to your farm

>>27762387
https://www.coingecko.com/en/coins/bao-finance#markets

>>27762479
yes

easy x20, LFG

ITT: Obvious shills

>>27761199
Ok i'm almost convinced, can it reach 1 dollar? or is that a pipe dream.

>>27762829
Ok please could you help me towards some resources to learn about staking? Or shall I just buy on ftx?

>>27762946
if you think it can reach one dollar you are a real delusional newfag so go back from wherever you came from

+1281.07% and still not selling

>>27761520
>this month

Sorry man but its one dude who is self taught admitting he git cloned sushiswap. The thing is you cannot just clone SNX since the code is now working on L2 with optimism. Good luck trying to just walk into that. It's a dead end project with good memes. You will be lucky if you see one or at most two nice pumps before it fizzles and dies. While the price pumped last week you can check the total LP providers; they lost like 40% of their liquidity, while the coin pumped. So everyone only cares about the coin not the protocol. Its dead; but I'm holding 1m BAO just for kicks. 5 eth to 40 in less than a month. LOL

>>27762946
0.05$ most likely upon launch this month

>>27763003
I'm convinced, buying in right now.

>>27762965
the yes was for the fact that you will get shafted in fees
https://chainwave.substack.com/p/farming-bao-token

when you have about 3k in bao and 3k in ethereum use the link above
but be careful the staking rewards are getting lower and lower with each week passing

anon I'm really being honest with you the bao train has passed for you, find another project to invest, at this point all you are good for is to pump the whale bags

>>27763109
this dude literally improved SNX's model

here, from BAO's medium:

"Each of these existing protocols suffer from at least a few of these key risks:
They require the use of their asset to underpin the issuance of the synthetic. This means the synthetics are overly tied in risk to a single asset.
They are an adversarial money lock-up. In order to put your money into a synthetic asset, you cannot be using it elsewhere.
In some cases (UMA) they also require the use of custom oracles that involve human arbitration.
In the grand scheme, neither Synthetic or UMA have issued that many synthetic assets.
If they can reach a combined marketcap of >$1b with these challenges, imagine what we can do by trying a new approach?

Bao will create what we call a “Second-Layer” protocol.
This is because rather than design Bao to be deposited into directly, we’ll build out our features to work in existing systems.
Users will use assets from Uniswap and soon SushiSwap and Balancer to take part in the Bao ecosystem.
We view ourselves as the first L2 DeFi, aiming to add our protocol’s features on-top of existing infrastructure."

>>27763183
Thank u based anon

>>27762109
>>27762736
Ok one more question, I know there are shitcoins with better APY, but a lot of people are into BAO-ETH. So, whats the PRO/CON about farming BAO-ETH instead of a shitcoin with better APY.

FUCKING MOST BULLSIH SENTENCE IN THE WHOLE OF DEFI

>>27763260
to add to that...
if you want to stake unironically stake with the cdai token

if you stake with bao you will lose it once it increases in price
most anons that staked early lost 50% of the baos
>b-but anon yadayada you get it back in WETH!

>>27763395
there's a multiplier on that specific pool's APY to incentive its use

just another way to increase BAO's price

>>27762946
One can dream. Extremely unlikely though unless there's a massive token burn

>>27761199
> a 30% crash.

I aint even worried I'm more impressed it never went down up to this point. Not that price action is the only indicator or health but it's a decent one for sure

>>27763395
pro: you most likely already have a bao stack
con: if it pumps say goodbye to your stack thanks to IL

2 of many of their anti-dump mechanisms:

- most harvest locked and released lineraly
- 25% tax on LP’s who unstake their liquidity

AND STILL TVL INCREASED FROM 5M TO 100M$ IN 2 WEEKS

>>27762109
Im very jealous of you. I only caught the last 6 days of the 512 rewards and now my APY has tanked. If I had gotten in on this a few weeks earlier it would have been worth it! Now, I don't quite know. But long term I like the project.

>>27763775
Oh and also, I farmed bao-eth like a retard, killing my stack with IL. Feels bad man!

>BAO Chart

>1/3/21 1:48pm 135,179
>1/3/21 6:13PM 138,220
> 1/4/21 7am 146,914
>1/4/21 6:38PM 154,720
will my stake make it?

>APY went from 4k% to 1703%

Holy shit what happened bros

>>27763870
CDAI staking was the most kino option, but I didn't tell anons here so that they would not lower my pool

>>27763737
Yeah, but, what about the liquidity? How does that work? Because I read something like there is a return in BAO of a 0.3% of every transaction of BAO-ETH. I can't understand what that exactly means.
If I stake BAO-ETH LP tokens, like, for example 1000, for every transaction of that pair those 1000 lp tokens will increment over time too?

THIS DUDE FUCKS

>>27763243
every DeFi coin is claiming to use L2 next quarter..

BOOOOOOLISH:

"Incentivized synthetics allow you to start building an open financial data market. But once you have synthetics, you own the financial data stream to anything because you can incentivize liquidity to make it more accurate.

Those who own financial accuracy can then pick any finance business they want to start. Goodbye Moody’s, Meridian, Experian, Fannie Mae, and others.

Hello BaoBanks."

So farming Bao ETH was a mistake? Thought it was the best option. Pre IL I staked 700000, made that again in farming and was planning to unstake at the time of migration

>>27764280
>000
Migration is on March 1st only, no need to unstake already

>>27763485
>most anons that staked early lost 50% of the baos
explain

SIR WEN MUN

the only reason its mooning is because all our rewards are locked for 3 years lol

How many BAO’s to make it?

A Dumpling vs Wall St: Why we need synthetics

https://thebaoman.medium.com/a-dumpling-vs-wall-st-why-we-need-synthetics-fb2eb87ccb86

>>27764787
and that was a very good startegy. by then we'll be at +10B$ mcap so a linear release wont do any harm

420k BAO
am I gonna make it?

WE MADE IT ANONS

Baoman has a clear vision and direction. Something that is very underappreciated in this space. Right now there is no product but the roadmap is clearly based on developing intermediate steps towards a larger goal where each step helps create the final product.

Large, numerous liquidity pools.
L2 cheap fast transactions.
multi-asset balancer liquidity pools
Synthetic indexes
Full synthetics

There is a clear and meticulous logic here. Yes this project is early but I am investing in the vision.

>>27764663
It's not that simple. It's impermanent loss, so overall you might lose 50% of your bao but you will also gain extra ETH. In functionality IL won't make you lose money if bao pumps, but it will make you profit less.

>>27763485
wait, why? even if IL fucked me, bao pump still gave me money. thats not a bad thing

I fucking lost it and bought 1M BAO

PUMP IT CUNTS

>>27762109
Oh humble bao farmer, what's the point of locking your bao & re staking?

Considering getting some BAO. How often does the supply increase? Can I get JUSTed from having it in my wallet and not staking it?

>>27765891
Supply only increases when people harvest and right now theres no incentive to do it. On the contrary, theres a big penalty if you unstake

>>27761199
This P&D has run it's course. Fuck off bag holding shill.

I feel like I got on the farming too late

Why does Core matter? Their devs think their hot shit and no one in this space wants to work with them lol

>>27762479
If you want to buy a lil bit so you have some BAO then you should buy on ftx or gate, cuz on Uniswap the gas fee is 40-50$ now

Also farming with less than a few million BAO isn't worth it for now, cuz of the gas fees :/ I aped in a week ago with 700k BAO to farm and I don't think it was such a good idea

>>27766028
Sorry but you dont deserve these gains. Stay poor

BAOMAN MAKE ME PREGNANT!

Other dev is being hired, so prepare yourselves motherfuckers! This will reach 300mcap next week

retarded shills this is about to dump HARD

>>27761275
>Most bullish medium out there
s'true

>>27767118
FRIDAY IS PUMP DAY

STRAP IN FUCKERS

>>27767118
$0.00125 by tomorrow before the weekend pump.

decent project, discord full of faggots

>>27767430
0.01$ next week

baoman > superman

>>27767430
0.00125 then 0.0000125

>>27767577
Oh I wish but it isn't to be.

going to 0.00000000000000001 check these digits

>>27766033
anon, i...

>>27767907
I know. But I read everything the Baoman put out and it feels like the next Link to me. DeFi is the future and this guy has a definite idea of where he wants to go. I believe in the project.

>>27768216
Definitely feels like this is gonna blast off once they release synthetics with sushiswap

I WANT MOOOONIES

DO U HEAR ME BAOMAN, JUST BOUGHT ANOTHER 1B

Daily update.

>>27768805
Holy shit, I know the IL is scary, but you made so much from your initial investment and there is still like 10 months left.

>>27768933
If I could do it again I would have never pooled BAO-ETH and simply gone into other pools. Oh well - I never could have predicted it would have gone up 1500% in a month.

>>27761199
>road to 50x
on a 50m mc token sure.

>>27769021
I'm waiting for the xdai migration, I know I won't make that much, but even if I made a x3 or x4 other the whole year I'll be happy.

>>27769093
75M$ x 50 = 3.7B$

SNX is at +2.5B$

If BAO achieves their goal a x50 is not that hard. They already have the structure and partners needed for it

Also Tellor $TRB team are asking for partnerin discord channel. I verified both of them from Tellor discord and it is legit. Doesn’t matter if it drops more. I am going to accumulate more. Holding 5.6M bao.
Also I check /biz and other channel to find new coin and then do my own research. If you have to ask other people and blindly put money in any cokn, that is not investing that is gambling.

>>27766052
Core has the most permanently locked liquidity in all of DeFi. What they are building will be more efficient than any other protocol. Almost nobody understands, and Core devs aren't into handholding. I don't make these statements lightly.

>>27769805
CORE is utter shit simply because the team has shown multiple times they lack the necessary professionalism to make it. Even though the idea is fairly reasonable (nothing that compares to BAO though) unless they change the deva they’re fucked

Imagine trusting your money in an anonymous guy named Baoman

A 10% price correction? That's it? What do you expect the price will hit after the migration? Is $0.02 possible?

>>27770194

>>27770402
I’d be happy with that honestly

>>27770402
between .01 and .05 eoy is possible. i'm still amazed that we're at .002 already

biggest chink scam ive ever seen on /biz/

>>27771609
this

>>27771609
Yeah but it makes me feel less hungry by imagining the warm dumplings in my tummy

>>27771487
.01 eoy is almost a guarantee at this point.
>>27771609
Shoo shitcoin shill, we're here to make money.

>>27768332
I'm going to wait to harvest until right before the xDAI release and then use the bridge to swap pairs.

>>27771487
Bro please, just .08

>>27769338
yeah compare your shitty foodtoken to fucking SNX again you fucking midwit.

Bao is literally the best project I've found in ages. The idea of synthetic assets on decentralized exchanges, like >>27763466 (checked) says, could be one of the most game changing developments in financial history. Not just crypto.

>crypto cap ~$900 billion
>stocks cap ~$73 trillion
>derivatives cap ~$544 trillion
>stocks and derivatives combined ~$617 trillion (1,067x all crypto combined) and even then those derivatives do not cover the types of markets you can make with synthetic assets

There are going to be people looking back on these threads in the future wondering how the fuck some of us were able to pick up on this so early. I'll say it now - because it was fucking obvious. Use your imagination.

oh look, its pumping again

>>27768805
Nice bro. I have 27 million myself. This is gonna be good.

Nice cope thread. Jesus this is pathetic. There literally isn't even a prototype of a product yet.

>>27772936
bout to dump on your bitch ass

>>27768805
Site?

>>27770402
What migration are we taking about?

>>27761199
>They’re competing with SNX (2.5B$)

I do not think you understand the difference between copying and competing you absolute moron. Go use SNX and create sUSD, sETH,sBTC, indexes, commodities, or inverse tokens like iETH and iBTC.

What the fuck can BAO do? Really its a git clone of SUSHI that is getting pumped thanks to 0xMaki. its a self taught one man dev team is going to compete with SNX? A token already on L2 with a working product? BAO can't even keep his AWS server up and doesnt even understand how LP's work (go check core vaults messages today...) If you 10x'd grats. If you are still holding well I wish you the best, and if you are actually an LP for this token and have 3 years to wait during a bullrun for a self taught dev to fiogure this out LOL

>>27773110
Read the dev blog, they're migrating like March 1st I think?

>>27773003
k dude. ur gonna have to dump $77m to put me in the red so be my guest peon

>>27763109
>admitting he git cloned sushiswap
dude stop with this FUD. Why would sushi pick him up if he cloned sushi? The fuck are you on?

>>27773003
coin for retards


BUY BUY BUY

HOLD THE LINEEEEE

do a flip when you jump faggot

Yep, I'm thinking we're back BAObros

>>27773171
notice how no one of those baotards will address any of this

>>27762101
>A fucking binance wallet bought 800 ETH worth of BAO yesterday
post screencap

>>27773580
It's in the ledger, find it yourself lol

>>27773539
We have since he's hiring another dev and has a clear roadmap forward. Shill your shit elsewhere, stop crabing on people because you missed lamboland.

>>27773823
>It's in the ledger, find it yourself lol
anon, you can't post shit like that and expect people not to call you out. fuck off.
>>27773171
so, why did sushi pick up BAO?

>>27773171
It's true! All of it! I just like it cause I get to farm BIG NUMBERS and it makes me feel like I'm going to be a millionaire even though I just have a million little cute TOKENS. If this project goes to 0 I will literally neck myself.

>>27761199
BAO is the best pump and dump exit scam that is guaranteed cash right now. Buy the DIP and wait for the ATH.

>>27773895
wow he's gonna hire devs? really?

>>27774100
Well I heard of only 1 more dev joining for now, but we'll see moving forward. The more capital flows in, the more he'll probably consider hiring additional staff.

I just want to say... I love all my BAObros. We're all going to make it.

did you get your baos on discount during the sale anons

>>27774380
no i fucking sold because I'm a retard thinking that getting out with a x20 was fine

>>27766033
>The equivalent of $79.42 per year!

>>27774217
I was being sarcastic.

>>27762109
Hey bud, they're going to write stories about you one day. Like the hobbit from Bag End that saved Middle Earth.

>>27774843
That was my harvest from an $874 stake. I just staked $20k BAO last night.

>>27776629
>I just staked $20k BAO last night.

>>27763933
Scheduled halving at week 9

>>27777068
Are you here just to shit up the thread, or do you have anything productive to post?

I've got 30 million BAO. Have no idea what the hell is this supposed to do. The project seems interesting and has all the right meme elements.

I'm gonna get dumped on, aren't I?

>>27777935
You bought in at the peak of a rugpull, grats retard.

>>27778364
??? I'm up over 5x still, I don't think you have the mental capacity to keep following the conversation.

>>27779043
>I just staked $20k BAO last night
>I'm up over 5x still
you bought the peak you fucking idiot

>>27779959
Oh, that's a different anon. I wish this board had IDs

anyone here think it's hit .25, or even .5?

test
>>27777777

>>27772445
I'm such a retards when it comes to crypto, I don't understand a single fucking word you said. I really wish I knew more. Where can I learn this stuff?

>>27778153
Get into the BAO discord channel to get all the news and shit.
Wait until March 1 for the xdai migration, stake it all. make a 100% between 7 and 12 days of staking, just enjoy the rest.

>>27763743

25% within the same block anon.

After five days its like a half percent to unstake.

Lmao you really aren't smart enough to use this product.

>>27781865

but they're a bunch of faggots even though i like bao

>>27765337

What I really like about Baoman is that he's thinking about what crypto can do that traditional finance can't. There's real value in that kind of thinking, in originality.

So, I invest. If this project fails, I invest in his next one. The guy's got the spark, he'll breakout eventually.

>>27781865
Seems like the project ballooned fairly quickly but this is still the Stealth Phase in my opinion. Only reason this pumped so much is because it's such an unknown and small project. It's still very early for all the noobs to even know what this is, right?

Anyway, will do. I hate discord but if this is the only avenue to get the best info, I'll do it.

Seems like we're in for at least 10cents by EOY.

>>27782137
Yeah we are, but believe me, is the best way to understand and get the news about BAO. BAO will be huge and you will gain a lot if you farm.

>>27779959
That's me, nigger. And it was coin I already had prior at .001X

baobros are making it

>>27772197

Yeah, SNX is poorly designed.

>>27773171

SNX is a good idea executed terribly. It does nothing original, and has no plan except to replicate existing markets.

It does absolutely nothing to live up to the potential of crypto.

i will have 1.6b BAO when farming yields begin unlocking (thanksgiving ironically) and by that time i will be a millionare thanks to getting into this because I was here for the first bao thread on biz when it was .00007

get on the journey brothers. i won't dump on you. the bao were meant for synths and thats exactly what they'll be. or burned for those sweet mBAO

>>27784079
the first threads were at much lower prices

>>27784079
you lucky fucker, ill have like 9 million bao...

>>27784079
that's a lot of dough. Amazing how sometimes in crypto a single play can set you up for life. Congrats anon. Keep compounding those returns and make your own life.

>doubled down on the dip and bought hard .0018.5/19
>up like 30%
finally going to make it lads

Anyone just holding instead of farming?

>>27786508
Me. 4M hodler reporting in

>>27786508
3M comfy stack holder here

>>27786508
Holding 3M, tried to buy the dip but alas the gas fees were too terrible

Had a 13 hour day at work. What was that huge dip?

>>27786508
I'm holding 450k, as much as can fit in my budget

>>27787370
Baoman declared war on CORE.

>>27787694
core is a dumb project with smug useless devs

>>27786816
>>27786901
>>27787284
Very nice. With these high gas fees and an eminent ETH pump, farming seems like a lot of trouble with the IL.

I'm gonna wait for Xdai migration and MAYBE farm. I'm more of a holder myself too.

>>27787284

ftx.com
I paid .005$ to move BUSD on the binance chain

>>27787370
Site was down (cloudfare problems) and also a little twitter face-off with some CORE dev or whatever. Actually, this only gives more credence to BAO. Everyone's catching up and will be boarding the train.

>>27773171
Kek. Based FUDDER

>>27773171
Let's not kid ouserlves, SNX has first mover advantage and is already established. Nobody is contending with that.

BAO will provide a new take on the whole SNX system. SNX is at 3 billion MC. BAO is at what, 100 mil? This still has room to grow and denying that is retarded.

Who's ready for the great leap forward?

>>27787787
Hello chickenshit.

Follow the wisdom of our great leader.

https://thebaoman.medium.com/

>>27766033
Mine still says 0 and I have 2.5 million Bao. At least you're getting .22c a year you GREEDY FUCK.
>>27769021
Why is going with ETH and BAO a bad idea?
That's what I currently have and will probably just leave it there until the xDAI swap. Or might not ever pull out, since what I'm farming isn't worth the $6362863727527 gas fee to pull it.

>>27786508
Another 3M here.

Where's the best place to get BAO?

How long can prices be expected to stick around where they are now? Want to buy more but I already hit my coinbase limit when I bought earlier in the week.

BAO is scam created by one anonymous chink baoman on twitter

>>27761199
based op, i biting the bait now.

>>27786508
Holding 1 mil, staked 2mil... that is now down to 600k.
fml