/biz/ - Business & Finance

When will the pool size expand these niggers changed the ratio with no warning and I missed out.

>>52799037
Point 3 is completely incorrect

I staked 4K link with horse fucky why does this upset people so much

>>52799037
point 1 and 2 is incorrect too, faggot

>>52799037
Yea, too obvious. I’ve been buying std

keeping my lpl and never migrating fuck off im no immigrant

>>52799037
>After the charity staking ends (the link you earn on vanilla staking is from the 500,000 link set aside to support the community and the whole thing was done as a favor for your fags) the only way for you to stake would be to either a) run a node or b) find middlemen like horseman.
That's pure copium - it's just as likely Sergey will reward OG stakers by providing them with a possibility to stake on nodes
If not, Stinkpool won't be the only middleman in town - there's space for actors that don't fuck over their holders like Horserimmer

>>52799167
>>52799109
Then correct me niggers
>>52799270
I never said horseman is the only way to go, and I would actually prefer if the team would make something like this and fuck over all the middlemen including horseman, but my point still is correct. You either become a node operator or find a broke node operator and give them your link for a cut.

what the actual fuck is happening here? can someone fill me in? are you guys in here dumb niggers or what is up? everything you talk about is in the gutter and crashing and you just LOVE IT? wtf faggots

no volume kek nobody fucking buys your shit

>>52799286
That price look delicious. As for link price, would u rather stale at $100 or $7?

>>52799037
Not buying your bags retard, its over. They literally rugged linkpool and gave us some other trash token instead. Good chance they will unironically pay with their lives for this.

>>52799291
Well duh, why would anyone buy lpl? Sdl is the only token with any use

Btw guys, the jannies have been paid off by the horserimmer.

>>52799284
I just don't see why long term nodes won't compete to get more LINK staked if it means they can handle higher value contracts
Early on the Horseman model might be the way to go with staking locked behind a scamtoken but it won't stay this way

>>52799328
SDL is overvalued by 10x at least. Lets say the platform earns 100 link. This means 20 link go to sdl stakers, which means 20 divided by 260 Million. Its a yield around 0.08% ATM. Fair value is around 1 Cent or less.

>>52799037
>1) The main difference between LPL and SDL is the removal of the 20% of all revenue cut.

The migration was to push LPL holders onto SDL. SDL is an entirely separate entity to LPL, and LPL is continuing as a separate entity generating its own revenue.

This was done so that SDL can utilise all its revenue to grow and expand. Whether or not this is reversed in the future is unknown.

It cannot be reversed as SDL is different to Linkpool.

On the other hand this move can be seen as "greedy" by horse man. Also the supply was cut in half.

The supply was diluted and distributed arbitrarily at the dev's discretion.

>>52799037
>2) Staking SDL is the same as staking LPL preciously, except now you get a stSDL token. You use this stSDL token to give you access to link staking.

No. You do not now have a guaranteed space in the pool no matter how much SDL you own. There is effectively no guaranteed connection between SDL token and staking space.

>>52799037
Like a real estate agent leading tenants through a house that is up in flames and in the process of collapsing.

>>52799037
>3) 20% rewards for staking Link on SDL (23% + core contributors cut) is based on network fees. This means if a node provides 1,000 data instances (price of x, temperature of y) a 20% cut of every network fee paid by the node is taken and distributed to all link stalkers. This is huge and will grow exponentially.

You are giving the protocol your link and the only thing you get in return is an iou stLink token. The iou rate is set by the protocol run by the same devs who just rugged you out of LPL.
Your link is being used by their node as a liquidity pool, with no guarantee of a 1:1 return of your link rate, and you get a less than 0.5% increase over the community pool for the risk.

>>52799373
>The migration was to push LPL holders onto SDL. SDL is an entirely separate entity to LPL, and LPL is continuing as a separate entity generating its own revenue.

So what happens if I don't sell my LPL or swap it for SDL?

>>52799284
Nigger. You are getting 7% of that 20%. Then that 7% gets split between all 260 mill sdl. You’re getting so little off. Rewards it not worth it to hold the token for someone else. Plus the supply of 260 has no cap. Jhonny stole from the community

>>52799037
>4) After the charity staking ends (the link you earn on vanilla staking is from the 500,000 link set aside to support the community and the whole thing was done as a favor for your fags) the only way for you to stake would be to either a) run a node or b) find middlemen like horseman.

This was the usecase of LPL which they have now removed. SDL has no direct guarantee of a link staking space, and the link you do have staked you no longer have a guarantee to get back, or to be protected from node slashing. Once charity staking is over then it's SDL Link Pool haircut season.

>>52799339
100 link for the year thag gets split between

>>52799037
>5) Although the token migration was sudden, LPL was incredibly illiquid. When you stake your link on SDL you will receive a stLink token. The amount of stLink in your wallet will increase with time and you can freely trade it for link later on (keeping the original link staked inside the node to secure the network while you cash out). It's like holding a voucher for the locked node link that you can trade for real link. The buyer would basically own the rights to your link rewards if you sell him your stLink. Or you could withdraw the staked link + rewards (they might have waiting periods before you can withdraw, perhaps to maintain a set amount of link staked in their nodes)

SDL is effectively worthless. It doesn't function as governance as there was no agreed upon governance distribution. Yield is something like 0.0008% APR. The protocol is run by devs now known as shady. It doesn't guarantee staking. It's inflationary. The migration took your LPL and gave you a useless inflationary token in return.

>>52799037
>claims information thread
>starts with subjective interpretation about the main problem LPL holders had with this whole shitshow which is not even the revenue cut, it's the 5.2x fucking dilution
>instantly spreads missinformation about the supply

fuck off Eric, or sylvarant, or whoever you are you fucking faggot nigger

>>52799037
And to reiterate; you now have no connection to Linkpool. None. Your tokens are now SDL - an entirely separate protocol, and the telegram channels for it refuse to let linkpool be discussed as it's a separate project.

SDL as a protocol is heavily in doubt, and the tokens they've given you to supposedly have a stake in it have no connection to link staking pools, no effective connection to governance, and are inflationary. You got rugged and are for some reason defending these people.

Here's a much better take on the SDL token:

The migration gave users SDL, a token that does not guarantee a staking space, is worth effectively fractions of a cent in terms of yield, and is inflationary. It will never fairly function as a governance mechanism as the initial distribution was set by the devs who force migrated the community, whilst diluting them with the introduction of numerous other parties. It's not worth anything as a stake in the protocol and its development itself as the developers are now known as untrustworthy and cannot be ousted.

Force migrate your token holders into a new system where they own something essentially valueless. Definition of a rugpull.

>>52799398
LPL is completely worthless now, it doesn't generate anything anymore, it's retired, you have to swap or you simply lost 100%

>>52799037
>1) The main difference between LPL and SDL is the removal of the 20% of all revenue cut.

What does this mean?

>3) 20% rewards for staking Link on SDL (23% + core contributors cut) is based on network fees.
>a 20% cut of every network fee paid by the node is taken and distributed to all link stalkers

I thought that 23% of link rewards that the link pool earns is distributed to SDL holders?

>>52799468
LPL is still worth a lot more than sdl at current prices retard.

>>52799284
Dude, I was a linkpool holder but the staking blogposts clearly state that Chainlink has and will continue to have an auto-delegation mechanism. That's literally the entire value proposition of SDL, it might coexist but only complementary, it's not needed at all like we used to think

>>52799284
>Then correct me niggers
Why are you posting "information" threads if you don't know what the fuck you're talking about lmao

>>52799478
you might be an actual sub 100 IQ person so I won't be mean, but check the liquidity and think about the "price" again

>>52799037
>a 20% cut of every network fee paid by the node is taken and distributed to all link stalkers. This is huge and will grow exponentially.
kek be my guest and show the math. you need 1000x to get anything worth mentioning. hf

kekerino
poolboys BTFO

even if SDL does become valuable in the future, it sure as shit isn't now and it probably won't be for the next year.
come back and have a look at it half a year from now so you can laugh at it or gamble on an opportunity.

So much FUD surrounding SDL

I wonder who is paying for it?

>>52799770
I think LPL holders already paid enough kek, also what FUD? what's the apr of sdl at this price :) what would be the price of sdl if it was valued fairly at a 5% market rate? :)

>>52799770
LPL holders, except their paying with their time to vent out getting shafted by Linkpool.

>>52799770
how is it FUD.

SDL does not guarantee a staking space.
SDL is infinitely inflationary.
SDL governance distribution was never agreed upon.
SDL staking offers less than 0.1% yield.
SDL has untrustworthy devs.

refute any of these points.

>>52799770
people are salty that they got rugged.

>>52799037
>Also the supply was cut in half.

We went from 100m locked tokens to 250m+ tokens that will continue to inflate. Meanwhile, LPL holders had their tokens slashed in half on top of this.

You are a nigger for suggesting otherwise.

>>52799845
Linkpool also arbitrarily decided its minority owners don't have any rights as owners and then gave them a contract that gave them rights to staking rewards for an entirely different protocol. Linkpool in essence cancelled all their obligations for revenue sharing as was agreed at ICO and effectively erased 25% of its shareholders.

>>52799037
>You use this stSDL token to give you access to link staking.

That's factually incorrect

short term, this is really bad. long term, however, this could be the UNI of oracles

i don't even need to know ANY details. just watching this shitshow unfold is enough for me to stay away from this forever.

thanks for being guinea pigs!

Jonny is a straight up thief, what a cunt of a bloke. Can't believe this is a chainlink staff member

>>52800285
He is gonna pay for it. Plenty of ways to get revenge.

bullish on SDL but I'm definitely not blind:

1. the governance tension will be between node Ops and link stakers, who should be aligned in theory 99% of the time: to have node infrastructure WITH staked link. But the fox is in the hen house so to speak (the overwhelming say of node ops on SDL vs just the LPL stakers between)

2. if there's not SDL exclusive staking pools (outside v0.1), introduced by operators or the council, I'm out.

>>52800410
how the fuck can you be bullish on an inflationary coin with 0.0001% apr and no requirement for staking, that only grants you governance rights to a protocol made by literal rugpull devs

>>52800410
you are out when its trading at 1c

>>52799845
>SDL has untrustworthy devs.
What's the current relationship between these devs and Chainlink Labs?

>>52800839
The founder is a chainlink labs employee

>>52800285
Had to figure out how to get the other node operators on board somehow.

>>52800864
The founder is a jew.

>>52799770
>I wonder who is paying for it?
Go on then. Who is paying for it? Citadel? Or maybe it’s SBF? Who is paying to spread “fud” which is btw 100% factually correct to 8 penniless fat middle aged autists on an irrelevant animal hentai forum?

>>52800991
Didn't have to reneg on revenue sharing, the entire premise of the crowdsale and LP/LPL token

>>52801199
for me it's the fact that the new token doesn't grant you a guaranteed space in the pool. The node revenue was something I hadn't even clocked on to when I first bought in. The whole point was you'd be guaranteeing a space in their staking pool, this is now not the case. It's utterly absurd why anyone would invest in this team ever again.

>>52801248
It was utterly absurd for Jonny Huxtable and Mat Beale to think they could release a token for a protocol they were not involved in and think they'd be granted exclusive access by said protocol. It's a wonder Sergey didn't have them suicided for trying to strong arm their way into the project.

this is pointless

hundreds of stinky holders stake their linkies without lpl or sdl. why do i need these shittoken to stake link?

>>52801248
It's a triple fuck you
LPL to SDL should be 1:1, really it should be more fun increased supply (infinity)
No more share of revenue
No staking priority

https://www.coingecko.com/en/coins/stake-link
coingecko put the circulating supply at just 5.7 million

>>52801964
well atleast circulating supply is established so it can be a ranked token. funny how LPL never even got to be ranked on those sites because circulating supply never established, even though the crowdsale amount and original token migration was very cut and dry.
i dont think we will see any positive price action on SDL until months after the 75m community pool is filled. fuck i went way too hard into linkpool. dam.

>>52801964
also sdl has their own page for circulating supply and they claim its 14m sdl
https://token.stake.link/circulating
>>52801536
yes sdl stakers get link staking priority, see the blog
>Reserve Mode may be re-enabled periodically when total collateral limits are raised, per governance decisions, in order to allow SDL stakers first rights to stake their LINK. It is currently unknown how quickly and when LINK staking capacity will increase. In circumstances where the stake.link DAO has sufficient advanced notice of limits increasing, proposals can be raised to put the pool into Reserve Mode.

>>52802062
it's not guaranteed. If you were offline for 2 days over this forced migration you now cannot stake your link in their pool. Without a guarantee for staking what point is there in SDL? Why would I trade in "maybes"

Pool's closed.... AND LPLFAGS ARE TRAPPED INSIDE! KEKEKEKEKEKEKEKEKEKEKEKEKEKEKEKEKEKEKEKEKEKEKEKEK
Post yfw you bought more link instead of a scam.

>>52801299
Linkpool does good work, but they definitely can't be centralizing the technology for staking. Then it'd defeat the purpose of Chainlink.

>>52799817
>I think LPL holders already paid enough kek, also what FUD? what's the apr of sdl at this price :) what would be the price of sdl if it was valued fairly at a 5% market rate? :)

Explain pls for a brainlet that is too tired to do maths

>>52802649
>>Linkpool does good work

Rugging their community? They did that good alright.

The math if anyone here wants to know how badly lpl holders got fucked and how overvalued sdl currently is

>>52802382
>it's not guaranteed
clearly after the token swap situation, we know that literally nothing is guaranteed with this team. however, if you read, it details that when new capacity is available, protocol is set to reserve mode for sdl stakers to have priority access.
>If you were offline for 2 days
should there be carrier pigeons available to receive notice when the pool is open?

>>52803733
The migration itself was unannounced. Should I sit there and just telepathically know when the team is going to rug me in advance? If I'd known I'd have sold on the 5th.

>>52799037
The purpose of linkpool is that you have a significant but small % of linkies who will end up reaping far and away the most benefits thus dividing and conquering /biz/ holders. They will go to war with one another

Token literally not needed. I have 10 of these saddle coins and could stake like 240 Link. They don't reserve any spots at all.

Put 5k Link into Genral Access anyway. Spent 50k or so in this shit for absolutely nothing. I will fucking sodomise that horse rimmer and bloated pig fucker

>>52799577
Checked
When the bolt-on, duplo-difficulty, lower-end-bell-curve, "Serg-had-to-throw-a-bone-to-protect-himself-from-/pol/chud-brainlets" community pool ends they will need to figure something out.

Market cap is like 2million

This shit will fly during the bull

Is there a limit to how much link you can? Is it still relative to how much SDL you have?

>>52803799
that anon you are talking to is a coping nigger and probably paid shill. Just ignore him. what LPL did was a really dirty trick and there is no point crying over spilt milk about it now. Either stay with this project knowing how they operate or start researching again for something new in preparation for an upcoming bull run which might happen sooner than most think.

Al Amy’s felt this was trying to capitalize off of link name so ignored it

>>52799259
whats the plan. Im currently doing the same but feel like its a bad plan

>>52806958
Shhhh I'm accumulating unironically.

But yeah pretty hard to imagine a project which actually has use and isn't vaporware in the crypto space not being at least valuated at a billion mcap in the next bull.

The easiest 400x or more I've ever seen in all my years in crypto.

>>52806958
Retard it’s over one hundred million. Total supply is 260 million and current price is $0.42 so that makes it 109 million

>>52802526
OH POOOOOLERS
HAHAHAHAHAHAHA FUCKING SMUG POSTERS AHAHAHAHAAHAHA
>YOU ACTUALLY THOUGHT

Bumping the infinite fuck Jonny Huxtable thread

Eric is a cunt. They deserve whatever they have coming. At least chink scammers are smart enough to not dox themselves

FUCK LINKPOOL, FUCK JONNY, FUCK ERIC, FUCK IAN, FUCK SYLVARANT, FUCK ANON JON, FUCK ALL OF THESE SCAMMING NIGGERS

>>52809673
dude chill...

interesting that the team says that cll has joined as a dao member but chainlink twitter didn't retweet while they do tweets about scams using vrf or keepers
wonder what is happening there

>>52808468
until they rug it again. gotta time the rug I guess

>>52808468
How many infinity supply coins that have previously rugged their investors have you seen 400x

>>52803612
Basically SDL should be worth cents and this is built into the protocol.. fucking hell. You are overlooking the other side of the coin where holding SDL ""guarantees"" a spot at staking link. Perhaps that will be the main value capture for the SDL token going forward. We'll just have to see if the link pool APY beats the community link pool.

>>52799037
>Linkpool damage control

>>52810673
It does not in any way shape or form guarantee a spot to stake link. You have to be there at the right time and only if the wider pool opens up a space, which is basically useless for serving as a ticket spot. It's fucking pointless. And even then it'd only be worth what the apy you stand to make on your link is. So what's the value of a 'maybe' space to earn 5% whilst putting your link at risk?

>>52799037
>$0.314413
>dropped 80%
There are linkpool shills still operating on the board. Absolute state

>>52812407
stay poor G0y

lpog's jumping ship

>>52802526
>tfw you knew the token that actually wasn't needed was lpl all along

>>52812339
>It does not in any way shape or form guarantee a spot to stake link.
You're right it doesn't guarantee a spot but it puts you at the front of the list, which has got to be worth something.
>And even then it'd only be worth what the apy you stand to make on your link is.
True, which could still be pretty good in time to come. In time to come this could be quite a profitable coin, or it could be an even worse shitshow than it already is
>it either go up or down
>>52803612
Also an oversight in this calculation: This assumes 100% of SDL is staked which very likely is not the case due to the need and incentive for liquidity pools. Still quite horrifying though

>>52803612
If we maintain the same ratio of staked (70%) we get:
2.5m / 427m = .006 link per SDL per year
6 link per 1k SDL per year
3 link per 1k LPL per year
Absolutely fucking horrifying. This is exactly the reason why the price is fucking shit because something needs to account for that. It's got to be worth cents for anyone to make anything substantial on SDL

>>52813053
If it's such a good idea they can just do the same thing Linkpool did originally since they aren't doing that anymore? The ideas are all still there if they're good ideas.
But wait the average OG Linkpooler doesn't have the technical know how nor social aptitudes to do something like that.

>>52804761
>>52804761

I heard with the drop of the new SDL token Jonny was able to finally secure himself a real prize winning thorough bred. Papers and all. Idk why you all can't just be happy for him. Prior he was just renting stall sessions and that shit added up so this is much better. Its no wonder the previous LPL token failed. If you look at the old contract .00135% of the yield was specifically set aside for horse rimming.

His name is Cinnamon.

>>52814718
Jonny has to drink horde cum to appease the Goetic spirits otherwise he gets fuck with thorny dragon cock

>>52799895
This must be illegal.
There should be a way for LPL token holders to sue the company to recover the 25% of company ownership.

>>52799037
>>52799284
>>52799770
>>52800410

t. linkpool employees on damage control

>>52815415
life isnt a video game u retard

nooooooo you faggots cant just be upset that we slashed your earnings 99% , quadrillions and shieeet

>>52815669
it kinda is tho

>>52814388
It put me at the top of the list to stake, yeah. Stake a minimal amount. Then in time for general access, yhey let prople stake 16x as much and before I could blink, that allocated space was filled.

So someone with 1/16th of my SDL is getting the same returns as me because they arrived to the party late while I was diligent and eager to engage in their platform. Absolute niggerish behaviour from Linkpool

>>52816546
It goes to show "general access" is a bigger ruse than your dead cat. If you don't have staked SDL a robot will stake during general access faster than you'll be able to. If you want to stake you're going to need SDL and now's the time to buy it.

>>52815669
You will go to jail for taking part in a scam and trying to defraud investors from their company ownership.
Better start making your preps for that prison cell or leave Linkpool and the UK before they get you.

>>52815669
That’s good , you understand. In real life, there are consequences

>>52815669
Imagine this being the best damage control Eric can manage

what's the make it and suicide stack SDLsisters

Never trust a governance token. Usually it's just a way to dodge legal and moral obligations. What may have happened here is they just decided to give the governance to a selected group of people. In the future they may start using phrases like "it's up for the community to decide" or "the community voted to adjust the economics of the platform".

>>52799037
i rarely feel good at the misfortunes of others, even of retards who lost their money on shit like georgefloydcoin or shitbutt

but this thing couldn't have happened to a more deserving group
LP has always been a cancer trying to spread by masquerading through "LINK discussions" and finally you all got what you deserved all along

>>52820435
Make it: no involvement with this shitshow
Suicide: any number of tokens owned when the Linkpool team rug you again

>>52821000
checked???