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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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22748241 No.22748241 [Reply] [Original]

>Not to mention COMP, MAKER, and LEND pools which we are working on right bow and will be the next tasks completed right after the dashboard. We were working on the AMPL pool right before the hack and are revisiting it now but it is exploitable. We are thinking about doing the pool o ly with DLT or BPT to decrease the risk of exploit.

>We are also working on more CEXs trading the delta token or DLT and BPT directly allowing for the burn in burn out function and creating additional arbitrage and price pressure. Why?

>Imagine ETH is 400 and STA is 0.1 and you mint 16 DLT tokens at $25 each consisting of 0.5 ETH and 2000 STA. Now currently in the pool on uniswap there are only 4000 DLT tokens in circulation. If at any time the price of DLT goes down below $25 this is an easy buy because it will mean that you are getting super cheap ether, but there are only 4000 currently available and we hold 16 of them. Holding DLT also means you can hold ethereum but are generating high passive income and this increases demand since why hold ethereum at all when you can hold DLT and make gains while holding ether? This demand leads to the price of DLT to go from $25 to $26 but this means that our 16 DLT tokens total $416 intead of $400 making a net profit of $16 or $8 over 2000 STA tokens. Which is 4% compounded every time this discrepancy occurs and capitalized by the arb bots.

>How many times do you think in a year could the DLT token on a CEX have a slight increase (the 4% increase as above as an example) in price relative to the underlying worth of eth and sta? Call the value "x" now calculate (1.04^x) and that is your gain in terms of apy from this arv concept alone. As an example the discrepancy between DLT and the underlying ETH and STA occurred positively an estimated 20 times in the last month but only at a rate of 1% so if we capitalized on this the it would be (1.01^240) = 10.8x over the year.

>> No.22748649

>>22748241
Bump while I wrap my head around this

>> No.22748813

This coin is dead. RIP, shoulda sold at .47

>> No.22748847

Buy now and hold, easy as that.

>> No.22748867

>>22748813
I am still at 2.5x anon

>> No.22748904

>>22748867
Bought at .02 anon, really regretting not selling for over 100 ETH when I had the chance

>> No.22748952

>>22748847
Based anon. Anons make this more complicated than necessary, just to come over as an interesting person, however crypto won’t get you pussy. It has been proven over and over again.

>> No.22749012

>>22748904
I don't know what to tell you anon. All projects rise and fall depending on BTC. When BTC breaks out you will or reaches ATHs or reaches the bullrun peak for next year then the alt projects follow. You want to buy LOW and sell high. Even the devs commented on how $1 is a joke and not the goal. Rather that $1 levels of volume should be the minimum. I tend to agree, but if you disagree then I would agree with selling. No shame in cutting your losses on a project you think is dead. Personally, I just see statera for what it is. A 4 month old project with a giant upside and massive potential and risk that has been appeased by a team who refunded the community form their own pockets.

>> No.22749144

>>22748241
> 136iq here
> can't wrap my head around this

Eli5 I guess?

>> No.22749201

>>22749012
Thanks anon. Idk what to do, to me I feel like the hype is gone and once the food coins came to play no one gave a shit about STA anymore. I hope things change

>> No.22749531

>>22748241
this guy posting bunch of jibberish to try to get people to buy his bags

remember Statera took 4 months to complete the dashboard. comp,maker,lend pools won't happen until 2021 at least.

>> No.22749902
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22749902

>>22748241
Extremely based

>> No.22749920

>>22748241
Scam

>> No.22750039
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22750039

>>22748241
Absolutely based. A bunch of anons will actually retire off Statera soon. That's fucking beautiful

>> No.22750602
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22750602

>>22749201
AMPL came and went, statera remained
YFI came and went, statera remained
Sushi came and went, statera remained
Y clones and food clones came and went, statera remained
Rari is here now but has already been slipping, while statera remains...

The only other /biz/ coins with this much STAying power are ETH, LINK, statera followed by kleros and rsr.

>> No.22750648

>>22749531
Incorrect. The dash board will take 1 month. Getting uniswap, balancer, dealing with rhe hack, getting 4 exchanges, more DEXs, yield farms, and more took 3 months. Also, COMP MKR and LEND are being worked on now. In conjunction.

>> No.22750696

>>22748241
The fucking crazy part is that the breadcrumbs assume statera at 0.10 and eth at 400. Just fucking think if statera stabilizes volume at $1 and ETH is at $1000...