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

/biz/ - Business & Finance

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26185185 No.26185185 [Reply] [Original]

if you know, you know

>> No.26185452
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26185452

IF YOU KNOW YOU KNOW

>> No.26185491

>>26185185
IF YOU KNOW YOU KNOW!

>> No.26185507

as it goes down in price :)

>> No.26185560

Warning: Bao Finance is in alpha, it is unaudited and was originally developed by a one-person self-taught team. While we are in the process of scaling the team, please understand the risks and use this product accordingly.

>> No.26185582
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26185582

>>26185560
how many people invented bitcoin

>> No.26185710

It’s a real world chainlink use case.
https://docs.bao.finance/benefits-of-bao-reasons-to-use-bao
>BAO uses chainlink oracles at its core for synthetic assets meaning we can ensure accurate pricing and not force liquidations.

https://docs.bao.finance/synthetic-assets
>Synthetic assets will rely on oracles for their pricing information and will support:
>Uniswap V2 Oracles
>Chainlink Oracles
>Augur Outcome Oracles
>Band Protocol Oracles
> Literally on SUSHI roadmap for 2021

Synthetix is worth 1.8 Billion in market cap.
UMA is worth 700 Million.
Bao is worth around 4 million.
He is literally forking the Synthetix code and adding Balancing, Options and Automation.
This SNX + AAVE.
All of this under the umbrella of Sushi, the third biggest DEX by volume.
UMA, the second biggest Synthetic token project run 91% of their volume through Sushi.
You think Sushi don't know exactly what the play is here? They're going to take that slice of the pie and give it to Bao.
You think Baoman doesn't know what he is doing? Go and read the FAQ. Go and read the Medium. Go and speak to him in the discord. He speaks German, French and English and will happily answer any technical questions you may have, although he is rather busy setting up the migration.
If you want to know more about the Sushi integration and how it came about there is a forum post here:
https://forum.sushiswapclassic.org/t/sushi-x-bao-partnership/1834
Which is quite illuminating.
You might argue that he doesn't have a product, well he explains his plan in the FAQ:
>To enable the users to create synthetic assets, the Bao Finance team will be creating a fork of the Synthetix ecosystem.
So now he has a product. He's going to steal theirs and add Balancing Automation and Options, and Sushi are going to help him and together they are going to take over the space.

Buy in, or don't, I don't give a fuck, but don't come whining about how you missed the most obvious 100x of the year when you see Bao trading at $0.01.

>> No.26185789

>>26185560
Yea and?

>> No.26185872

>>26185507
already worth nothing so it either fails or rises in price, if you don't throw at least 20 on this easy bet you are NGMI

>> No.26186824
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26186824

Shhh just be quiet. We have another massive leg coming and all oldfags are already in. Dont let these newfags get in. They wont buy a dip anyway so not sure why i care

>> No.26186992

sirs when audit?,,

>> No.26187103

Token logo literally stolen lmao

>> No.26187147

https://www.redbubble.com/i/sticker/cute-dumpling-by-lilcocostickers/43877584.EJUG5

Look, it's THE BAO!!!
lmfaooooooooo

>> No.26187157

>>26185185
Why do some token give higher yields for farming? What do you guys farm?

>> No.26187315

>>26187147
Nice might have to buy one when i harvest my free thousands of dollars, but unfortunately I'm never selling

>> No.26187504

>>26187157
>Why do some token give higher yields for farming?
Low liquidity. They're weighed less, so any big stake will tank the APY.
>What do you guys farm?
Fuck off, don't touch my pools.

>> No.26187564
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26187564

>>26187103
>>26187147
ah fuck it's literally ogre everyone

>> No.26187905

>>26185452
This. Fucking cringe

>> No.26188798
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26188798

>>26185185
I'm no stranger to risk but 3 years seems like an awfully long time to be exposed for. What's to say that 1 year from now, the price will slowly bleed day by day as more and more people dump their ridiculous yield farmed tokens onto the market daily?

>> No.26189416

>>26188798
Ok. Then who's to say after all the retards sell their keys to the DEX synthetic throne it moons to a dollar in 4 years?

>> No.26189824

Well, I've got a bunch now. If it hits a penny I'll be quite happy

>> No.26190701
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26190701

Behold the bringer of Bao.

>> No.26190718

which one of you assholes entered the pnk pool

>> No.26190757

>>26189416
I don't think its going to a dollar with the number of outstanding tokens available, but a lot of people will be happy if it gets to $0.01 and remains there for years

That is like a 50-75x from here which is doable considering alt season mechanics + defi, could be another 2017 XVG

>> No.26191963

How is APY calculated? It seems absurd that you would be able to generate 1400% on anything.