/biz/ - Business & Finance

[Anonymous No.16333691]

>>16320391

As SNX keeps plummeting, it locks up staked SNX from receiving rewards or moving any of their SNX. Indirectly it financially incentivizes large hands to trap a decent percentage of stakers below active C-Ratio of 750%. Right now 83% of the entire supply is locked up at 680% C-Ratio, meaning that a huge percentage (83% of the supply) of stakers cannot move their funds, while a considerable portion of that also does not receive staking rewards. Since SNX debt (held in synths) is also solely backed by the price of SNX (at 1.13 leverage), a declining price will dump the entire system underwater.

I could go on about the implications, smart anons should figure it out.
On the sidelines, between the chaos in an entirely new fashion I am making tons of money in ways most people aren't (yet).


[start-edgy-qoute]

>“In their intense meditation the hidden sound of things approaching reaches them and they listen reverently while in the street outside the people hear nothing at all.”

[end-edgy-quote]

Good luck smart anons.

[Anonymous No.16333749]

Its literally going up now 1.08

OH NONONONOOOOOOOOOOOOOO

[Anonymous No.16333803]

Proof of shit has been designed to trap retards. Doesn't mean that the tech doesn't work

[Anonymous No.16333841]

>>16333749

Entry @ 1.24/1.25 USDC
It's still not to late though.

Δ ->

Color me shocked if some whales would be doing this.

1. Shorting SNX on NUO
2. Lending SNX from NUO
3. Selling that SNX into illiquid orderbooks
4. Set pay-out at SNX profit at NUO.

Oops, now you trapped the network and people have to buy back, from you at a premium.
Game over, let the next round commence. Plausible? With 85% of the market being locked up, buyers being trapped and rewards being blocked. Definitely.
I mean, this shit is not so hard to figure out now..right.

[Anonymous No.16333871]

Short at .00015499

this scam went 40x in like 5 months, bare minimum -75% from here

[Anonymous No.16333887]

>>16333691
So you mean this wasnt a perpetual moon mission?

SNX can actually trade down in value at a violent pace?

[Anonymous No.16333899]

You just burn your sUSD and then you are fine again
How are you trapped?

[Anonymous No.16334009]

>>16333841

> So you mean this wasnt a perpetual moon mission?

Temporary bubble mission. SNX isn't the first, it won't be the last, keep an eye out for these type of systems, there are several others which are worth understanding. SNX collapsed before from the same mechanisms described above. It doesn't really collapse though, just starts over once people get out; the holders trapped will become the next ones to dump on new moonbois.

> You just burn your sUSD and then you are fine again

Your minted sUSD is backed by the price of the locked SNX which you will have to buy back at premium if your collateral ratio falls below 750% (I.E. if the price of SNX goes down). Your SNX may become worth too little to justify even paying off the debt in a bubble pop case scenario. Especially if you have a decent amount of SNX in staking escrow; where you will just have to wait 1 year to get that value back.

It's kind of a perpetual ponzi.

[Anonymous No.16334158]

>>16334009
You are seriously stupid

[Anonymous No.16334212]

>>16334158
>>16334158
At least try to refute his points instead of just insulting him

[Anonymous No.16334349]

>>16333691
Link your TX on ethercan OP. The 2x SNX short on nuo shouldn't be too hard to find and I can't imagine there's more than ten people with longs open

[Anonymous No.16334439]

>>16334212
I did
If the price drops you just burn your sUSD
You can’t be trapped like he says

[MarsLander22 !blxNPwk5hw No.16334492]

https://etherscan.io/token/0xc011a72400e58ecd99ee497cf89e3775d4bd732f?a=0x33566c9d8be6cf0b23795e0d380e112be9d75836

yeah. a16z is slowly accumulating again. will be $1.5 and liquidate these pajeets in no time

[Anonymous No.16334626]

Havven protocol team exit scam and made synthetix get out retards

[Anonymous No.16334816]

>>16334009
Large amount of locked SNX means demand for sUSD rises (to burn and free up SNX)

Rising sUSD demand means the peg breaks.

If sUSD>USD you can make loads by arbitraging for which you need to mint, so you need new SNX. Meaning SNX corrects in value.

I'm only going to post this once because you've been leaving the same retarded post all week. Learn from it or consider yourself filtered, retard.

[Anonymous No.16334822]

>>16334492
more than likely a16z IS these pajeets.

[Anonymous No.16335185]

How do i buy snx

[MarsLander22 !blxNPwk5hw No.16335212]

Uniswap kyber kucoin

[Anonymous No.16335309]

>>16333691
the implication is that it's a fucking ponzi designed to trap brainlets.
>I will stake a while and earn rewards and sell once it starts going down
>it starts going down
>his stake is locked
>can't sell
>the team dumps on everyone while laughing