/biz/ - Business & Finance

>>55736712
When is Johnny burning six million tokens? I need a date.

>>55736725
end of September

>>55736725
its actually 160 million tokens that are getting burnt

>>55736725
oy vey never forget the 6 million

>>55736712
have we figured out who's behind these daily lpl threads yet? paid shills or desperate bagholders?

>>55736873
SDL holder with a make it stack already (50K)

>>55736873
probably just a traumatized bagholder
slurp-8 has probably made them bullish again
must admit that i am cautiously optimistic now
as long as the team avoids any more insane fuck ups they are sitting on gold

>>55736873
financially bored individuals who want to shit around on anonymous forums

it's relaxing compared to pseudonymous shitposting on the actual stake.link channels, I don't want to have to answer for the crap I want to spew.

>>55736873
bored node operators

>>55736955
>>55736976
>>55736978
says the anons that are wasting time looking and posting

I'm just hoping that I can find a timeframe where selling my 40k SDL stack can fund a node operation, simultaneously to when the node operator benefits for joining are still over 40k SDL.
That would be pretty cool.

>>55737123
dont get it, say in other words

>>55736955
what changed? they took the revenue from us, no profit sharing, so what changed? we're still getting bread crumbs of what we got before migration, which was still bread crumbs.

>>55737135
Node operation costs money (hardware office staceysecretary etc)

my SDL worth money

If I get money from SDL, maybe I have money for node operation (hardware office staceysecretary etc)

If I do get node operation, maybe I get into stake.link as a node operator

now I have more SDL that stake.link gives me for being a node operator

>>55737141
read slurp-8 talk.stake.link

it will be lucrative when the platform matures

>>55737141
the lpl -> sdl thing was so fucking bad because not only did they take revenue share but also gave sdl holders absolute crumbs from link staking
slurp-8 changes that as sdl get 16% of rewards now
see here:
https://twitter.com/Sinbua1/status/1674353082241544193

>>55737228
This

>>55737165
>mature
ngl dear my village is tired of waiting,,, if no moon soon we will be dead,,

>>55737228
>migrated LP share to LPL at $8 like for hyuge fucking tax burden
>migrated LPL to half as much SDL under $.40
I mean if you don't do your taxes, yeah it stinks, but if you do you should have a lot of leeway to move things around and still be at a paper loss for 2023 because of the migration. The redoubling airdrop "taxable event" doesn't even scratch the surface of my paper losses from my first LPL>SDL migration, I'm not that upset.

>>55737358
i did well on my taxes also with what happened

also the other thing about slurp-8 is that supply is fixed at 100m
this is how they would have convinced the nops... "okay you get less link from providing space but you can get rich from sdl price appreciation now"

Has anyone tried staking?

>>55737358
>>55737402
well great news.. there will be another taxable event due to slurp-8
>>55737502
yes?

>>55737165
>>55737228
honestly I don't see the potential

>>55737549
is it profitable and safe?

>>55737579
It's more profitable than staking.chain.link.

If it doesn't succeed it's going to be a massive mar on the whole network, almost 40% of node operators are participating in getting their LINK allocations from stake.link.

>>55737552
did your friends call you bird brain growing up ?
>>55737579
yes its very safe(never had a problem) and will be more profitable in the future

>>55737407
>100 mil total supply
What's the circulating supply? Because if you need SDL to stake the price will skyrockets. I regret not buying the dip the last few months, was buying link instead....

If people don't have sdl the link staking pool.may get filled up again... I.e buy sdl or miss out link staking. So basically
>Pool's closed

>>55737627
Lido but for chainlink :)

Slurp? Link? Wtf do I do?

>>55737552
imagine if more node operators join and the node operator allotment increases in the next staking expansion (should be at smartcon in 2 months)
sdl gives you two things
1) cut of link staking revenue
2) priority to stake on their platform
>>55737780
after slurp-8, the circulating supply will be around
40m SDL by my calculations

>>55736858
they showed the new allocation chart in SLURP8. Who is paying the 160M difference?

>>55738298
>40m SDL by my calculations
How much sdl to make it? Should we stakes everything at different lock up rates? Or also have a sell stack if the price moons? And how large for sell stack?

>>55738311
mainly node operators but they get a direct 5% cut of the link staking rewards now
also chainlink labs

So what is a good SDL to Link portfolio ratio?

>>55738346
with 100m supply, 10k is a decent amount
25k (1 of the old linkpool shares) is also a good target
i think will do 40% 4 years, 40% 2 years, 20% to sell if price moons with v0.2 announcement

>>55738372
I got 13k. I will probs stake 5k 4 years 2.5k 3 years, 2.5k 2 years, 3k 0 years for selling

Though I would like to accumulate more in the meantime.

>>55738395
yeah i think that's a decent amount
still lots of unknowns with all this
but certainly potential, first mover advantage is big, if the sdl = lido narrative comes true then will be very nice

>>55737644
You’re the bird brain. You got robbed and are still giving them ur money

Where to buy

>>55736712
>when Chainlinks community staking pool opens later this year
yay staking v.0.1b is coming earlier than originally planned.
That means staking v.0.2 might launch sometime before 2025 after all.

And staking v.1 sometime around 2030-2035
Wow finally some good news!

>>55739070
Sushi Swap DEX

>>55739084
yay im a zoomer that doesn't know what time of day it is

>>55739084
>staking v.0.2
Audit starts next month

>>55740216
Finishes*

Bump

Is it planned to be released on an exchange other than sushi?

>>55741379
This board is slow as fuck nowadays, you don't really gotta bump threads that much.

There are 25 threads that have most recent replies that are older than your >>55740216 bump, the chopping block is more than a half a board away.
Digging that the threads are surviving now though, much to the chagrin of LINK maximalists that want to deny that stake.link is a leveraged long on the success of the Chainlink network.

>>55736712
Lmao, Defi is such a fucking worthless, convoluted Ponzi scheme.

How did their TVL grow by 85.6% in July?

Imagine still trusting Linkpool. Some people just never learn.

TAKE CARE NEWFAGS:
They literally rugged their last project. Anybody shilling this shit is sitting on huge illiquid bags and was wrecked by the lpl->sdl migration.

>>55741967
bancor

Why do you think LinkPool calls their update proposals "Slurps"? Could it be because they're behind the initial "sip sip" threads?

>>55744128
linkpool team definitely has biz roots

>>55745829
Yeah, Mat used to post here.

>>55745886
if Mat was still in the firm this migration theft wouldn't have gone down the way it went

>>55736712
poolcucks are truly mindbroken

>>55747279
yeah but then he wouldn't have a few real fun years of snorting cut down coke off of his homolover's cock while drinking mid shelf wine
some guys know they'd rather not wait for the pure stuff and the top shelf

>>55744128
major cringe if true

Ill laugh all my way to my grave once Arkham actually start posting bounties over link, got ripped soooo hard i almost felt bad for linkfags.

>>55743934
i think two things can be true at the same time..
1) wanting bags to recover
2) sdl team having first mover in staking delegation for nodes
they don't deserve it after what they pulled off with lpl but they have many top nodes on board and their service is needed
i also don't see how they can rug anything again. the main concerns is their wonky business logic

>>55748674
>i dont See how they can rug it again
Oh my Sweet summer child. They have proved time and time again that they are highly incompetent. Chainlink itself distanced themselves from sdl. Im pretty sure jonny will find a way to fuck holders over again.

>>55744128
>>55745829
Absolutely disgusting shill Tactics.

There is a clear answer to this though. When LPL Was still a thing, we started in a little groupchat to call the payments we got from LPL "slurps". There Was a guy who even wrote a twitter and Telegram slurp bot who got triggered every time we got paid. The guy who coded them Was Ghengis.

The guy behind SDL is most certainly NOT the guy behind the sip sip threads, BUT he clearly named the proposals "slurps" to try and scam more linkies.

>>55748912
i agree incompetent in some respects but where is the rug going to come from this time?
when you read that blog they put out it was pretty clear why they did it, basically they fucked up bad in 2018 by getting away 25% of their revenue
maybe it's all bullshit and they could have done more but at the end of the day they are running the main chainlink lsd with most of the top node operators
speculation about next staking expansion makes it worthwhile
>>55748945
mat at the very least was from here
he was drunkanon i thought?

>>55749061
Why didnt they just stop the payments to lpl holders until linkpool became profitable?
Why didnt they adjust the revenue share to a more conservative number?

There were many different ways to handle the situation and they chose to literally rug the project and gaslight us about it.

How can anybody trust them after this? I just cant handle holding sdl in my wallet at this point. There is just no trust left.

Could be that mat was drunkanon but mat is an unironic retard who likes to get fucked in the ass.

>>55748613
The airdrop gotten from this is enough already; it seems they don't have a clear vision forward from this point. I hope Peaq Airdrop is worth it; the requirements are quite easy, just by holding 2k krest. I hope everything pans out as expected.

>>55749093
Keke

>>55749093
it was either
1) panic and rapid and poor decision making
2) seeing situation and wanting to get out of revenue share completely to avoid regulatory risk (it was a clear security) and stay afloat
i don't trust them now but see i can't pass up project when the gap they fill in chainlink ecosystem is so clear and needed

>>55749146
They could have rectified the situation by now and introduced a more conservative rev share, but they didnt.

Also what gap you think they are filling? Jonny himself said they are building on the staking offering of chainlink. Sdl will NOT be needed to stake and if you want liquid staking you can just buy in over the curve pool without the need to hold sdl.

>>55749180
yeah i suspect they wanted to get clear of regulators with the revenue share
and they have built the mechanism to allow retail users to trustlessly stake with nodes
nodes will want retail link as they won't be able to fulfil collateral requirements themselves
the community pool doesn't change this, and we can suspect that the next staking expansion will be weighted towards node operator allotments

>>55749180
sdl gives you a staking allocation
also now 16% of stlink income goes sdl holders
if we assume 30m SDL staked then currently 25,000 SDL will give you 7 LINK per year with 750k LINK staked
with a staking expansion to 75m LINK this will at least go to 21 LINK per year (this assumes they keep same ratio of v0.1: 2.5m for node operators and 22.5m for community)
but the speculation is really around whether the node operator allocation will be much higher

if they do say 15m for node operators and 60m for community when they expand to 75m cap then that would be 140 LINK per year with a 25k SDL stack
obviously speculation but yeah

>>55749303
for reference before the rug 25k lpl was giving 125 LINK per year
so obviously we could have been getting both
but sdl clearly does have some potential value

>>55737141
Slurp-8 made clear that they can provide the same APR that LPL staking did without going through the revenue sharing route, which means they can be sustainable while stakers are happy.

>>55749180
>curve pool
You have no idea what you are talking about.

>>55749303
>15m for node operators and 60m for communit
You got it in reverse.

>>55749303
by these metrics what do you think should be sdl value in this space? It seems to me we are at fair value around 30c, slurp-8 priced in.

>>55749917
Look at lido dao, and realise this is much more impressive. Chainlink staking is useful...

>>55749657
I think he's right, I don't see Chainlink providing further staking allocations to node ops, they will probably increase their rewards though. It doesn't matter anyway SDLers win in the vip pool

t. SDL whale

>>55749917
I unironically think sdl could reach $1 this year, and if it doesn't, the apr would be insanely high. And price always follows apr

>>55749568
Is that without lockups?

>>55750099
Checked, how many SDL for whale status?

>>55750099
The community pool is abnormal and does not fit into proper economics for the Chainlink network.
The nodes operating inside a DON are responsible for the security and need to stake LINK as collateral to have a stake in the proper operation of the system, which gets slashed upon a failure.

The community pool exists outside of this and has no real connection to the real network.
It's a bonus given for long term investors, but not something which can remain used on a longer term basis without a massive change like decentralized oracle networks which is many years away and may only be one part of the future network.

It's better to have high trust nodes with a lot of collateral and known KYC nodes for a higher level of service quality than unknown random neet nodes someone started up through the cloud and has no clue about how to properly manage it.
The best we can expect is a hybrid network combining the two.

However in the case of CCIP, the DON network has a really important job and will need to start to use proper collateral through staking to prove its safety.
Seeing as CCIP will cause the increase in staking allocation it makes sense for the nodes to receive it.
The only exception would be if Sergey provides the initial staking collateral for free in the initial phase through the community pool.

>>55750823
I've asked on the chainlink discord to confirm - the current NOPs don't stake link. So what's stopping them from misreporting to exploit consumer dapps? Their reputation?

Pricewise the ability for NOPs to stake will be more impactful than CCIP lol

>>55750891
It's called implicit staking. Staking their long term reputation for future profits and greater market share.

Explicit staking is required for a high risk feature like CCIP, however in order to pay the interest paid to borrow those tokens used for staking the Chainlink network needs to be profitable and grow.
That's why they waited until CCIP was released before releasing staking.

>>55749204
you could just park your link into aave and lend it out to node operators. Stop giving them a pass. Jhonny stole from the community and got a chainlink job out of it

>>55750973
>It's called implicit staking.
so confirmed sergey is not letting anyone other then his friends to farm rep

>>55736884
Based chad, are you staking as well? Currently I'm only in on alts that earn me passive income like Egld, Ride and Itheum on the MultiversX.

>>55752840
15 of 35 node operators decided to use SDL as a LINK staking pass, so I'll give them it.

>>55753150
Those are some mighty fine shitcoins you're hoarding, Ranjeet. Have a cookie.

>>55753214
okay so who fucking cares. 15 of those nops are sergeys ex employees farming network reputation. Stop thinking sergey is your freind, hes not. you gave him money to build his dream in return the token is supposed to go up.

>>55749650
I actually do know what im talking about you absolute retard.

There is a stlink/link curve pool. You can swap link for stlink, which is staked link on stake.link.

Now go ahead and fucking kill yourself Nigger.

This means there is absolutely 0 need to buy sdl if you want to stake your link on stake.link.

>>55749303
>>55749204
They didnt build the "mechanism to let plebs stake with nodes".

CHAINLINK WILL OFFER THAT YOU ABSOLUTE RETARDED FAGGOTS. THEY ALREADY CONFIRMED THEY ARE WORKING ON A PLATFORM TO STAKE THE LINK OF USERS ACROSS NODES BASED ON REPUTATION. LITERALLY READ THE FUCKING BLOGPOST.

WHAT SDL IS BUILDING IS *LIQUID* STAKING. NOTHING ELSE.

CHAINLINK WILL PROVIDE A PLATFORM TO STAKE YOUR LINK ACROSS NODES. YOURE ALL A BUNCH OF MOUTHBREATHING BRAINDEAD RETARDS.

>>55755203
>This means there is absolutely 0 need to buy sdl if you want to stake your link on stake.link.
you are having a discussion with a bot or sdl shill

>>55755312
I know but i cant let the shills have the last Word because they are trying to dump their bags on a new generation of retards.

I will never forget what jonny did and i dont want newfags to go through what i went through when LPL rugged.

Watch them let the thread die now.

>>55753261
>subhuman retard who knows nothing about crypto
>Calls next level gems shitcoins

Enjoy the bottom poorfag.

>>55736712
>moon
Sorry I’m not buying ur bags, I don’t feel like getting rugged again from the horse rimmer

>>55737228
>the lpl -> sdl thing was so fucking bad
I dont understand how anyone can do anything with these people now. They should not feel comfortable to still be around.

>>55755273
this is for the community pool
we are talking about the node operator allotment, ie. the stake amount that nops need to fill
>Node operators may opt to create or use a third-party delegation system that allows their 50,000 LINK allotment to be filled by LINK token holders from the Chainlink community. Third party and unofficial delegation systems should be viewed as an experiment that are independent from the Staking v0.1 beta.
https://blog.chain.link/chainlink-staking-launch-details/
sdl is a "third-party delegation system" in chainlink's words. it's just that it's the only system developed so far, i would expect there to be many more. this is where the sdl = lido narrative is from, they both had first mover
>>55750891
reputation and future profit as they will be removed from all dons
many nodes provide services on multiple blockchains so the reputational damage could be extensive
staking adds a further incentive - layered security
>>55755801
for most people history is what they had for breakfast

>>55752840
Evil. Lendung is what allowed the price manipulation we see in the first place. Also liquid staking is not the same as aave...

>>55750113
>$1
>-67% from pre-migration

>>55755801
Because they've been forward facing people doing something for the network instead of an anonymous NEET shitposters making memes and riding coattails.
Honestly, the anonymous NEET shitposters who do no work for the network are just a drag on price.

>>55752864
Later entrants will be able to use the pay 2 win option by staking a huge amount of collateral.
Banks better pay up if they want their own node quickly!

Imagine JP Morgan bankrupting Nexo when it buys back their shorter token on the market to stake on their own node.
Would be funny.

>>55756764
oh right, thats why the team spent 7 years doing jack shit and rugged people instead. Yea they are so much better than the neets. Think im going to hit the gym bro

>>55756910
Why do you sin like this? Why are some of you anons so dishonest? Why can't you just not be evil?

>>55756910
They have done more to get the first version of Chainlink nodes up and running validating ETH prices, and as such deserve more from the network than you.
And that gap only grows larger if you're just being a selfish lazy hodler.

>>55755704
You are a smart fag. I'm just earning iTokens from my index investments on AstraDao. It is a better alternative rather than losing my bag to jeets.

>>55756526
Lmao. Lending is not what led to this price Action. Sirgay is to blame for that, price feeds are still free after how many years now?
>>55755897
The anon is actually right. There wont be a "community Pool" and a "node Operator allotment" in the future.
Read the Screenshot he posted, it clearly says that the LINK of holders will be delegated to nodes that need collateral.

Why else would chainlink call it an "Auto-delegation system"?

You are willfully ignoring that chainlink literally says they are working on Such a system in the blog youre citing and then go on to say that sdl is the only system thats developed so far.

Youre either a shill or a retard, so which one is it?

You even fucking cited the part where it says that third party delegation Systems should be viewed as an EXPERIMENT that has nothing to do with the official Auto-delegation system from chainlink itself.

>>55758829
did you actually read the blog post....

>In v0.1, staked LINK from node operators serves as a direct quantifiable commitment to their performance, while community stake adds an additional layer of incentivization to the honest and reliable performance of node operators. All Node Operator Stakers in v0.1 will earn a small percentage of the Community Stakers’ staking rewards—referred to as delegation rewards—given that node operators are providing a service on behalf of Community Stakers (i.e. performing oracle computation for the Data Feed).

>The design is similar to existing stake-based delegation designs as the rewards derived from community stake are used to further increase network security through the economic alignment of node operators. Community Stakers in v0.1 will see their stake automatically delegated to Node Operator Stakers, without node operators taking control of community stake. This mechanism is referred to as “Auto-Delegation”.

the auto delegation system is live... right now.... in v0.1... you retard... please take some time to do the work before writing crap

what the blog talks about is how this autodelegation system will evolve in the future for ____community stake____

>In a future Staking release, Auto-Delegation may evolve into a dynamic mechanism, a design where ____community stake____ is automatically delegated across actively staking node operators in variable amounts based on reputation metrics, such as historical performance, length of time LINK is staked, and amount staked.

node operator staking is distinct from this:

>The staking pool will initially contain only two types of stakers: Node Operator Stakers and Community Stakers, with additional types of stakers being possible in the future.

as far as we know, chainlink will not build the mechanism for retail users to trustlessly stake with nodes... this is the gap SDL is filling, along with providing liquid staking

Different stakings are different statements based on who does it and how. Slashability and lock ups together with amounts provide the amount of skin in the game. This accountability indicates confidence which attracts jobs securing higher value contracts. If the Chainlink Team sets up a reputation system and allocates staking to nodes in proportion to reputation then the amount of LINK staked by people together with lock up period and slashing severity will reflect stakers broad confidence in the project and confidence in the reputation system respectively. Stake dot link seems to me a consortium of NOPs vetting each other as to attract the vote of confidence from stakers by saying that they as NOPs will collectively take the hit of slashings not the stakers. In other words it seems to me that what SDL achieves is for a consortum of nodes to inspire confidence in the native language of the chainlink ecosystem, i.e. a very large amount of staked LINK, they calculate that the risk of the expensive slashing which comes with the huge stake pile is mitigated by their own quality control of the nodes in the consortium and ability to oust NOPs as needed. The community staking with SDL puts their vote of confidence in this model.

Sergey said that the ability for NOPs to provide staking to make themselves more attractive is a part of Chainlink tokenomics 2.0 meaning that the community staking provided by Chainlink mustn't fill this role.

SDL's liquid staking is neat but it seem to me completely besides the point, some holder continually assumes the risk.

I think the security of the network and tokenomics would be damaged if too large a portion of the total staked LINK was staked via systems provided by Chainlink themselves.

Does this make sense?

>>55758866
This is as I understand it as well I think.

>>55758866
Thanks for proving that youre not arguing in good faith.

It CLEARLY says that the Auto delegation system evolves into a mechanism where the staked link of the community will be delegated across actively staking nodes, based on reputation etc.

How can you deny this when it is literally in that blogpost? Youre citing every part but not the important one.

>>55758870
be warned that the substance of this post may not be worth getting through my horrible writing, read this >>55758866 instead

>>55758893
Are you having a semantic argument?

>>55758899
No im trying to set things right because you shills are trying to spin SDL as the defacto delegation system when that ISNT the focus of the platform.

Jonny himself confirmed that what SDL offers is LIQUID staking and that SDL will build on the official staking offering of chainlink.

Imagine actually believing that chainlink will let a third party build the delegation system, it even says in the blog that SDL should be viewed as an experiment.

>>55758893
i really don't know if you're just trolling me but assuming not....

as the blog says:

>>The staking pool will initially contain only two types of stakers: Node Operator Stakers and Community Stakers, with additional types of stakers being possible in the future.

let's take node operators first and break it down for the retard...

the node operator allotment is 2.5m LINK. node operator can fill their allotment of up to 50k LINK. they have three ways they can do this

1) fill it from their own LINK holdings, which some nodes such as fiews did

2) fill it otc with a whale which isn't trustless

3) use a third party delegation system such as SDL which allows retail to trustlessly stake with nodes. THIS LINK is not delegated as it is staked as part of the node operator allotment

some nodes have chosen not to fill their allotment (they only had to do a minimum of 1k LINK) so that's why you see that the v0.1 staking limit of 25m has not been filled

THEN

we have the community allotment, this is link staked directly with the chainlink staking app, with an allotment of 7k per wallet

in v0.1 this is AUTO DELEGATED, ie evenly distributed among the nodes

in the future, it will be DELEGATED according to other metrics

now before you were trying to tell me that the node operator allotment would just disappear? do you still think that?

in fact we are going to get more categories of stakers. i wonder if some will be institutions.. .will be interesting

>>55758920
Alright now you absolutely proved that you are the retard.

>they have three ways they can do this
There are actually 4 ways, because the official delegation system will allow the community stake to be distributed to nodes that need collateral. THIS IS LITERALLY IN THE BLOG.

>in v0.1 this is AUTO DELEGATED, ie evenly distributed among the nodes

THIS IS NOT TRUE, ALL THE COMMUNITY STAKE IS SITTING IN A SINGLE SMART CONTRACT AND "SECURES THE ETH/USD PRICE FEED" (it actually does nothing but thats another Problem)

I didnt say that node Operator allotment would disappear, i said that in the future, the community stake will be delegated to nodes that need collateral (nodes that havent filled their allotment)

Its painfully obvious that you are willfully missing the point and trying to shill your bags.

>>55758920
You seem to lack reading comprehension. Look at the screnshot the anon you replied to posted, and break it down. Go ahead I'll wait.

>>55758946
i give up... jesus christ... what has happened to biz...

but yeah, please contact the chainlink team and tell them they completely fucked up with their v0.1 blog post when they wrote:

>Community Stakers in v0.1 will see their stake automatically delegated to Node Operator Stakers, without node operators taking control of community stake. This mechanism is referred to as “Auto-Delegation”.

>Community Stakers will start out having their staked LINK automatically delegated equally across all actively staking node operators in order to validate the Auto-Delegation design during the initial v0.1 beta phase

it addition you will need to tell them that the reward rate should be increased to 5% as there is no delegation fee from community stakers to nodes as stated in the blog:

>5% total annualized rewards minus 0.25% in delegation rewards (5% of 5%), results in the effective reward rate of 4.75% for Community Stakers.

no shit that the link is sitting in the staking contract (not wallet).... autodelegation is just a fancy name you retard

>>55758949
>In a future Staking release, Auto-Delegation may evolve into a dynamic mechanism, a design where COMMUNITY STAKE is automatically delegated across actively staking node operators in variable amounts based on reputation metrics, such as historical performance, length of time LINK is staked, and amount staked.

stLINK has NOTHING to do with COMMUNITY STAKE, it is NODE OPERATOR stake

>>55758958
Yes, please go shill your absolutely worthless bags some place else.

Its common knowledge that the current Version of the community pool is NOT being delegated across nodes. It sits in a smart contract and "secures the eth/USD feed" THIS will change with the future versions of staking because the AUTO-DELEGATION SYSTEM WILL DELEGATE THE COMMUNITY POOL ACROSS NODES THAT NEED COLLATERAL.
(you ofcourse cant accept this absolutely obvious point because you want to shill your illiquid bags to newcomers)

>>55758964
Ok i got now where you are going wrong in your thinking.
There is a node Operator stake (the amount of link needed for a node Operator)
And there is the community stake (the pool of staked link of the community)

What you dont realise is that the Auto delegation system will allow the community stake to fill the node Operator stake.

>>55758964
That was not a very detailed breakdown but I understand your point about "community stake". So what is the point of SDL you mentioned they will cover a "gap" can you provide a coherent breakdown

>>55758981
If this is correct then I don't see a market for SDL. Appreciate the simple explanation anon.

>>55758974
how fucking stupid are you?
just READ the blog post.... is chainlink wrong in what they have written??

> Community Stakers in v0.1 will see their stake automatically delegated to Node Operator Stakers, without node operators taking control of community stake.

>>55758981
completely wrong
they are distinct

>>55759001
I also see it like this anon. Even if chainlink wrote that the community stake will be delegated to nodes in v0.1, its clear that it wasnt delegated to nodes and is sitting in a single smart contract.

This will be changed in a future Version where the Auto delegation system of chainlink will allow the community stake (which just sits in a smart contract at the moment) to be distributed to nodes that need collateral.

Voila, no SDL needed.

>>55749093
>Why didnt they just stop the payments to lpl holders until linkpool became profitable?
That's exactly what they did in two phases:
>cut revenue share for 8 months
>replace it with staking rewards
>create and pass slurp8
Voilà, APR is even higher than LPL (2.3%)

When tokenomics 2.0 is fully realized I imagine a node which's attractiveness to high value job givers and amount of compensation for the job is determined by the amount of LINK it has staked in total. i imagine that some of the node's staked LINK will be from a reputation based delegation of the LINK in the pool currently called (community) staking v0.1 and some own LINK but also from other pools like SDL. I'm pretty sure Chainlink's community staking will not be the only pool in the long run. It would hurt tokenomics. For any pool to delegate LINK to a node that needs collateral because it needs collateral does not make sense.

>>55758994
nodes are provided a staking allotment (currently 50k link)
nodes want the income from the staking rewards
they are unable or don't want to fill the staking allotment (it would have meant depositing $350,000 worth of LINK at the time of the staking launch)
SDL enables retail to stake (essentially lend) their LINK which fills the nodes allotment
retail stakers take a cut (77%), nodes take a cut for providing the space (5%), sdl holders (15%) take a cut, sdl team (3%) take a cut, everyone is happy

>>55752840
In order for node ops to borrow LINK, they need assets as collateral (not every business has $350k in assets available to be locked for an undetermined amount of time). Chainlink staking moves the risk onto the liquidity provider layer, since it's an uncollateralized loan from holders to Chainlink node ops

>>55759033
again, please actually read the blog.

it clearly states that autodelegation is not focused on helping to fill node operator allotments but....

>In a future Staking release, Auto-Delegation may evolve into a dynamic mechanism, a design where community stake is automatically delegated across actively staking node operators in _____variable amounts based on reputation metrics, such as historical performance, length of time LINK is staked, and amount staked_____.

>>55759033
>its clear that it wasnt delegated to nodes and is sitting in a single smart contract

YES as chainlink themselves wrote... please read....

> Community Stakers in v0.1 will see their stake automatically delegated to Node Operator Stakers, _____without node operators taking control of community stake_____.

>>55759038
Kek you still dont realise that node revenue and staking revenue isnt the same thing?
That is the whole problem. LPL would have made people obscene amounts of money. Now it looks mediocre even if sdl scales well.
>>55759054
Unironically fucking kill yourself you disgusting shill, if we ever cross paths and you shill sdl to me youre a dead man.

>>55759079
>9 posts by this ID

>>55759083
>25 posts by this ID
what was your point again you subhuman shill?

>>55749093
You are clearly stupid and have no idea what you're talking about. Let me guess, you don't know any cs skills, can't programme, and have no technical understanding of anything right? You're just an armchair investor right? You're an idiot straight up

When it is said that SDL is useless, is it imagined that 1. the amount of LINK that nodes can stake will always be limited, 2. the amount of nodes will be limited and 3. that Chainlink's community pool + node operator's own LINK will always be more link than the limit times n of NOPs. I don't think any of those three assumptions are true. I'm sure Chainlink has communicated already that none of those three assumptions will be true. If any of the three isn't true how could there not be room for a staking pool other than Chailink's own?

>>55759112
nice adhominem, could you expand where I went wrong with that comment?
all the possibilities i listed there would have been better solutions. Jonny clearly wanted to get rid of the 25% revenue share.
Why not just swap to profit share instead of revenue share? Countless better ways to handle the situation.

>can't programme
hello esl subhuman, i already made it and these threads keep me from fishing so please stop posting them

>>55759138
>>55759104
>>55759079
Anon you are herby warned to stop posting in this thread it is clear that you do not provide any additional value to the discussion hence please refrain from posting and allow the other 2-3 anons to continue their discussion. Thank you.

>>55759104
kek you can be fucked off with team but still understand value of the staking system
i can hold those two ideas in my head just fine, so can you

>>55759157
SDL is building LIQUID staking, an addon to the official delegation system of chainlink. Go ask jonny in the official sdl Telegram room.

THE FOCUS OF SDL IS LIQUID STAKING.

SDL IS *NOT* BUILDING THE DELEGATION SYSTEM

GET THIS THROUGH YOUR THICK SKULLS YOU ABSOLUTE DISGUSTING SHILLS. WHO HIRED YOU? I WILL PAY YOU DOUBLE TO STOP LEADING NEWFAGS ASTRAY.

>>55759164
I'm paid 10 000 Swiss franc per post by the city council of Geneve. Pay up.

Another thought, imagine that the compensation in the SDL pool was unfair for either party. Either NOPs or stalkers with SDL was getting the short end of the stick. Couldn't either party leave to a different pool, the threat of which would prompt a SLURP to fix the unfairness?

>>55759157
>>55759168
>>55759138
here you have it right from the horses mouth (hah get it?)

CHAINLINK WILL PROVIDE THE OFFICIAL STAKING (DELEGATION) SYSTEM

>>55759164
>SDL IS *NOT* BUILDING THE DELEGATION SYSTEM
i have never said this
chainlink is building this for the community pool

but sdl is building _the first_ third party delegation system for node operator pool

the liquid staking is a separate concept, indeed sdl want to get their hands on community pool stake too, to introuduce liquid staking there

>>55759197
JUST READ THE FUCKING SCREENSHOT I POSTED YOU STUPID INDIAN

JONNY LITERALLY SAYS THEY WILL BUILD ON THE STAKING SYSTEM BUILT BY CHAINLINK LABS AND THEN GOES ON TO SAY

THINK OF IT LIKE CONVEX TO CURVE, WHICH PROVES MY FUCKING POINT

>>55759191
dude that is some malicious stuff you just pulled, i thought you were just wayward but you cut out the previous context that jonny was replying to...

ie building staking for features that official staking hasn't expanded to

>>55759207
here you go nigger, what was malicious about cutting the previous message? it literally doesnt change a thing.

jonny literally says that chainlink labs will handle the staking system and they will built on top of that (to introduce *LIQUID* staking)

>>55756764
>forward facing people
Who fucked over people who supported them. At least the neet mememakers provided free entertainment and marketing.

>>55759221
Anon, I'm just here to thank you for destroying this 28 pbtid paid shill.

>>55736712
bro nothing moons until we in bull market :(

>>55759221
seriously?
you know the project better than this...
it is clear from context that jonny is just giving a generic answer
someone should go ask directly in the chat:
>will chainlink labs provide the delegation system for node operators in future?
the answer will be the same as in attached picture

>>55759254
actually more precisely:
will chainlink labs provide the delegation system for retail to stake within the node operator allotment in the future?
or will this be provided by third party delegation systems like sdl?

>>55759047
>nodes take a cut for providing the space (5%),
That doesn't seem very good for nodes since they have the most work/responsibility

>>55759051
Would staking count as a recourse or non recourse loan? Or something else?

>>55759331
yeah apparently they've accepted it though
they do get 1m sdl each to stake or dump though (out of a supply of 100m)
it's also the same % that lido eth nodes get

>>55759425
they had no other choice to accept it, guess why multiple node operators sold all their unlocked SDL when SLURP 8 was announced
>>55759254
>>55759261
alright, you seem to have run out of arguments. i would actually really appreciate it if somebody would ask that question in the telegram, but jonny actually already confirmed it (in >>55759221 this screenshot) for anyone with above 5th grade reading comprehension

Is the migration to SDL time-limited? Or is there any time penalty for anything LPL/SDL related?

I just enjoy the dichotomy of chainlink threads. In the actual link threads, nonstop fud from a bunch of depressed anons paranoid that someone will actually buy low and profit off the terrible price action, nonstop pvp. In the lpl (which is what this basically is) threads, a bunch of insider faggots that used to parrot indian tier memes (pool's closed = stay poor), and now have resorted to desperate effort shilling due to their poor reputation, with only one or two anons really dedicated to disputing their arguments.

Just a microcosm of this market, true value gets fud, scams get shilled. Also if you're stupid enough to take the gamble of a separate staking coin when chainlink itself is already a massive gamble, you deserve everything you get.

Pretty funny how shills led the thread die when they have been uncovered.

>>55761057
lmao bump

>>55758974
So the freebie community auto delegated stake can continue to fluff up my actual staking rewards for perpetuity then, cool.

>>55759833
>>55761057
>>55761064
its just a leveraged position on Chainlink network, relax dudes
You're gonna make money on LINK regardless, if some of us wind up make more money because the market is retarded deal with it.

>>55761315
t. sdl wagie
You fucked over the people who supported you with lpl and that will never change.

>>55759254
jhonny is a liar and cant be trusted. He stole money from the community

This fud is pretty decent.

>>55763081
You're afraid of the Toilet Witch though.

i deserve white pussy

I remember back when skycoin was shilled on here way back. It was the only time I read threads and was convinced someone was paid to make the posts in them. All day everyone sees paid shills and paid fud here. Take a survey here and if /biz/ is to be believed (and 4chan in general tbf) everything is a conspiracy. There isn't a move made in the world made that isn't part of a nefarious plan or made by "NPCs" magically conformist masses unable to think like the enlightened anons.

I sympathize with those who felt LinkPool did wrong by them when they switched to SDL. I understand some of the points made by them. The team obviously also does as evidenced by the SLURPs that have come. Ultimately however I'm convinced by the necessity of the change and I think SDL could become something very valuable.

If I necessarily am an unthinking NPC or a paid shill to hold or express these beliefs by your reckoning it follows that any challenge to your conviction is illegitimate per deffault.

>>55763176
lmao, fuck off johnny, not falling for ur scam

>>55761277
Nope, this is also wrong.

Locking up SDL will NOT boost your link staking rewards. It only boosts your SDL apy. (which is abysmal to begin with)

>>55736712
generally speaking since 1/1000000th is a suicide stack then the following are the official stacks for SDL;
> 100 suicide stack
> 1000 make it stack
> 10000 fuck you stack
Given the tiny market cap of 2.4mil and in comparison to Lido Dao then I'd say we are all going to make it

>>55763656
Literally none of this is true you mouthbreathing indian shill. There is no value in the SDL token, even if SDL as a platform suceeds because of the liquid staking. If you want to profit from stake.link, you can just buy stlink over the curve pool and then you have staked link without the need to buy SDL.

>>55763704
>stlink over the curve pool
Where do you think the stLink comes from? Sdl holders also get priority access to staking. So if the community pool is full, you will be gambling on whether or not the stake.link allocation will be filled by SDL holders.

>>55763746
You have no idea what youre talking about, so why dont you just shut up?

It doesnt matter if the allocation will be filled by sdl holders and the priority access also doesnt matter.

Because you can always stake your link on stake.link via the curve pool.

>>55763766
Whats the % rate on curve?

>>55763766
Explain how swapping LINK to stLINK on curve is the same as staking

If you cant figure that one out on your own then there is no helping you. Guess what the "st" in stlink stands for. Protip: its not saint link
>>55763939
stlink trades at a minimal premium ATM and if the ratio stays the same when you swap back to link you wont lose anything to that premium.

>>55764008
Curve pool staking for stLINK isn't LINK staking or liquid LINK staking

>>55763621
I'm talking about LINK staking, if a community delegated stake sticks around and some of their rewards get directed at my actual node staked LINK, I'm happy that you guys will get your own sandbox for my additional benefit.

I'm in both pools btw.

>>55764127
It is tho.

>>55764160
How is providing liquidity for the curve pool same as staking with the node operator pool of pools

>>55764008
I think i will make more staking my SDL with a 4 yr lock up and also staking my spare link with them. Seems like less risk to me.

>>55764174
Nobody talking about providing liquidity to the curve pool. Im talking about SWAPPING link to stlink you literal retard.
>>55764194
>4yr lock up on a platform that rugged their last project
>less risk
You are also literally retarded.

>>55764228
12.5% of your stack locked up at 4 years is as much as your whole stack would get unlocked
I'm probably doing some percentage at 4 years, sorry dude.

>>55764259
I dont care what you do with your money. The only reason im here is to destroy sdl shills.

>>55764228
>You have no idea what youre talking about, so why dont you just shut up?
>It doesnt matter if the allocation will be filled by sdl holders and the priority access also doesnt matter.
>Because you can always stake your link on stake.link via the curve pool.
Now you're talking about swapping tokens and not staking

The real LINK staking pool is closed. Fuck all the horserimmer cultists who were so smug and got btfo ROFL

>>55764302
I hope youre trolling anon.

>>55764228
>SWAPPING link to stlink you literal retard.
Huh? How would this earn you income from staking?

>>55764495
>>55764302
Thanks for proving that youre both literally retarded. Have fun with SDL, you deserve to get scammed.

>>55764495
stLINK is a representation of LINK staked in the Chainlink Staking pool allocated to Node Operators (2.5M LINK out of 25M). The stLINK is rebased every day to reflect LINK staking rewards being sent to that pool. It's APR is also higher due to the Node Operator pool receiving an Auto Delegation fee from the community pool (5.13% from stLINK vs 4.75% in the community pool)

>>55764322
>real link staking pool
The community pool is going to be just like community pools in real life someday.
When 1.0 comes out you'll be able to stake 77 LINK to the community delegated stake as a level playing field, you'll understand.

>>55765252
>stLINK is a representation of LINK staked in the Chainlink Staking pool
Except it's not
It's a representation of the LINK staked in the stake.link pool
As for the APR I won't bother to correct you so you have a nice surprise coming in the future :-)