[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 338 KB, 778x1442, bao.jpg [View same] [iqdb] [saucenao] [google]
26424663 No.26424663 [Reply] [Original]

Farm Stake Earn Buy BAO
Sushiswap soon
Site
>https://bao.finance/
>https://www.coingecko.com/en/coins/bao-finance
How To
>https://chainwave.substack.com/p/farming-bao-token
Creator Links
>https://twitter.com/thebaoman
>discord invite BW3P62vJXT

>> No.26424854

>>26424663
are developers in this Discord group?

>> No.26424890

>>26424663
Just a reminder to hold and not stake your BAO. You will get royally fucked by impermanent loss if you stake and the price continues to rise. The project is great, but the IL situation is insane for people staking larger amounts.

>> No.26424932

>>26424854
Yes.

>> No.26425012

>>26424890
untrue, if you stake by now you will have already earned enough bao to cover your initial investment. the rest is all gravy. what you recieve back after unstaking your LP will be the cherry on top.

>> No.26425019

>>26424890
Yeah, found this out the hard way :(

>> No.26425038

>>26424890
what does IL even mean? So you can just hold it like every other coin and sell it without any punishment fee?

>> No.26425211

>>26424890
Just keep on staking and when the waters calm down withdrawal with calm and shit? Correct me if I’m wrong since I’m a normie

>> No.26425215

>>26425012
wht hes saying is if you arent already staking then dont start now because its mooning. just hold for now

>> No.26425268

>>26425038
holy fuck where did all these fucking pajeets come from?

>> No.26425313

It's not to late anon to go all in on Bao. You don't want to stay poor forever right?

>> No.26425399

>>26425268
youtube pajeets that have never actually used ethereum or defi before

>> No.26425408

If BAO goes to $1 everyone here would be a millionaire. To bad it won't happen, but a x10-100 would be pretty phenomenal already.

>> No.26425417

>>26424663
so Ive been farming for a couple of days, before the moon. And the price did x3. What does that mean for the tokens I am put in to farm ?

>> No.26425424

>>26425012
You don't have a fucking clue what you are talking about. Not going to spoon feed your sorry ass, lose your money if you want. Farm other coins fuck farming with BAO/ETH pair you will get fucked, you have been warned.

>> No.26425504

I'd be happy if it hits 1 cent. $10,000 from this shitcoin would be a blessing

>> No.26425509

>>26425417
If you staked BAO/ETH it means that you are most likely at a substantial net loss now.

>> No.26425571

>>26425509
oh fuck oh shit really ? How fucked am I ?

>> No.26425594

>>26425424
alright gaylord, I've been farming for WEEKS now and have millions of bao ready. enjoy your shitty 35k stack

>> No.26425809

>>26425509
No he's not you actual fucking retard

>> No.26425867

>>26425424
You're a nigger with a sub-1m stack if you believe this. I bought 8x ago, farmed the whole time and have way more farmed than my entire initial stack

>> No.26425885

>>26425571
this is just fud. i staked BAO/ETH and i'm down ~150 from IL, but up 1k from farming. retards itt

>> No.26425890

>>26425809
someone explain this shit to me Im retarded. The ratio isn't 1-1 anymore is it so what about impermanent loss ?

>> No.26426059

Bao bros should I take profits?
5.5M staked
6.5M free
Entry price 0.00008
Up 5x
Sell the 6.5M and just keep the rest?

>> No.26426082

>>26425867
Sure you do! You and that other knuckle dragging sub 80 IQ mongoloid are full of fucking shit.
The only way you are up is if you were part of the original pools, which many are not. If you were, good for fucking you. Everyone else is getting absolutely raped on IL with the price increase.

>> No.26426127

yeah some faggot in here thinks we have no clue what we are talking about. he probably just bought 500K bao at the ATH since he's priced out of staking. if you've been holding bao since the beginning of January as I have and have been staking that entire period you have earned more than enough to cover your initial investment AND anything you may have lost due to the IL shifting ratios. fucking imbecile poor fags infuriate me. if you buy now and stake I agree thats not the best play due to gas fees and unpredictable price movement. but get your thumb out of your ass anon and be honest with yourself

>> No.26426136

>>26425885
It's not FUD go check the pool data and enjoy looking at your losses faggot

>> No.26426235
File: 2.58 MB, 2880x1618, BAO.png [View same] [iqdb] [saucenao] [google]
26426235

who else a top 100 holder

comfy af bois

>> No.26426246

>>26426082
Yes they are, but they should fully understand what the fuck theyre doing with DeFi before utilizing it. But regardless, EVERYONE still has the ability to farm back whatever stack they had. Its January, farming is all fucking year. ETH will have another leg up soon to win some of your IL back. For anyone just getting into BAO or wanting to farm, wait for the xDai integration, farm, and forget about until the great EOY harvest season.

>> No.26426306

>>26426136
>shhhh this dumb faggot doesn't understand that his teeny little weiner stack will be massively deflated as the whales like us start to sell off our daily payout stacks in a year

let him experience the burn first hand as we cry over our temporary imp loss of $200 which is nothing in the grand scheme of the farm. if you DONT farm you WILL be dumped on nigger. read something for a change

>> No.26426321
File: 286 KB, 381x711, RIGEL.png [View same] [iqdb] [saucenao] [google]
26426321

Launching in
10...9...8...

https://www.dextools.io/app/uniswap/pair-explorer/0x0612f518ed9f6bf1d8c0fa1f32149bed21557526

>> No.26426323

>>26426127
>if you've been holding bao since the beginning of January as I have
This is exactly what I'm talking about. The only reason this faggot is ahead is because he was in the original pools with 10X the fucking APR of what it is today. KYS faggot! Others are getting only a small fraction of that if they stake/farm now

>> No.26426353

>>26426306

Or you know, I could just sell in december before you get a chance, just like baoman will do.

>> No.26426378

>>26425885
bought 2M, farmed 700K, how fucked am I ?

>> No.26426400

>>26426246
>Yes they are
Then STFU you stupid faggot and stop telling people how fucking awesome it is when it's not!

>> No.26426405

>BAO holders are so comfy they want the coin price to go DOWN
Kek, feels good lads

>> No.26426443
File: 4 KB, 224x224, rig.jpg [View same] [iqdb] [saucenao] [google]
26426443

>>26426321

>> No.26426478

>>26426400
Theres many other factors though you dumb faggot. If you can farm back your original stack plus some, then they don't have to worry about babbys little IL. Youre also not accounting for FUTURE price expansion of the coin as youre adding to your BAO stack every ~30 seconds. Some people in crypto can see beyond the day-to-day niggerbrain.

>> No.26426514

Holy shit I just got absolutely wrecked by IL. Done staking, that shits retarded.

>> No.26426533

>>2642632
thing is I dont give a fuck about you or the other people who are hopping on the bao train now. this shit was shilled for weeks right at the very start and if your mongoloid peabrain didn't bother to read the docs or talk to baoman himself back then you deserve to remain the salty poor little nigger you are. go rope already

>> No.26426581

>>26426405
.0003 would be nice
this high is getting scary

>> No.26426609

Suicide/Make it stack? I got 4.3mil.

>> No.26426658

>>26426478
>If you can farm back your original stack plus some, then they don't have to worry about babbys little IL
And wait 3 fucking years to do get it back??? Are you a literal fucking retard? I want my initial back immediately when I remove my stake not 3 fucking years later.

>> No.26426739

>>26426658
But you get it back? Unstake and unpair on uniswap, your harvested BAO is locked not your staked.

>> No.26426765

>>26426658
braindead retard. don't help him hes too far gone

>> No.26426821

>>26426658
Sounds like you should have learned about what you were doing before doing it instead of after.

>> No.26426877

>>26426739
Not when you are thousands down due to impermanent fucking loss you don't

>> No.26426898

GET READY TO BUY THE INCOMING .0005 DIP

>> No.26426997
File: 4 KB, 258x119, resim_2021-01-23_233902.png [View same] [iqdb] [saucenao] [google]
26426997

Hi guys I don't have any gas fees left for staking BAOs what can I do with these BAO-ETH UNIV2 Tokens? I can't seem to swap these to something else. Is staking the only way?

>> No.26427077

>>26426997
Go back to uniswap to convert them back to bao+eth
Wait till gas is low

>> No.26427129

>>26426877
So you'd continue to lose from IL if you remain staked I'm not sure what you want. The APY is going to go down due to more people entering the pools, you need to pick another pool if you're worried about the bao-eth pool

>> No.26427217

>>26426997
You can use low gas for staking it's not like a normal tx.
Either way you'll need gas to unpair your LP or to stake it

>> No.26427309
File: 33 KB, 600x600, Screenshot_82.jpg [View same] [iqdb] [saucenao] [google]
26427309

>want to stake BAO
>gas fees too high
>"I'll just wait for the Suhi integration"
>BAO pumps
>staking all my BAO right now would be kind of a waste
>had I staked before, I would have the gas fees paid already
>if I keep HODLing BAO eventually they'll be burned
>now to swap my BAO to ETH I would have to pay even more in fees
Fuck ETH and its shitty fee system. And fuck BAO for having such a retarded system.

>> No.26427331

WTF WAS THAT

>> No.26427337

>>26425408
but I want millio n

>> No.26427402

>>26427309
everyone is down in IL atm (not counting farmed bao as theyll only roll out next year) so you're better off than most of us atm

>> No.26427462
File: 11 KB, 332x237, Screenshot 2021-01-23 234431.png [View same] [iqdb] [saucenao] [google]
26427462

>>26427217
I accidentally failed a transaction because of low gas. I'm not gonna make that mistake again. Is this low gas fees for you? If so, this is too much for me

>> No.26427474
File: 7 KB, 168x299, 1519636749001.png [View same] [iqdb] [saucenao] [google]
26427474

>be former nocoiner
>have no idea what I'm doing
>biz shills BAO
>"this onion has a kowaii face!!"
>invest in Bao and a couple of other ALTS
>+500 right now
>mfw

>> No.26427579

>>26427462
you can use slow transaction speed on stakes and they wont fail

>> No.26427734

>>26427462
Thats not low, its just there is a lot of volume lately. Eth is working on fixing it but I dont see it fixed this bullrun. Best bet is to try to wait until times inbetween waking/sleeping of time zones. Like middle of day. Or put enough in that you can make the gas back plus profit.

>> No.26427872
File: 131 KB, 350x256, worstdayofmylife.png [View same] [iqdb] [saucenao] [google]
26427872

Guys... I don't know anything about crypto but I want to join in...
Do I buy bao on binance?
I'm in the US and it wants me to link my SSN, do I do it?
I'm trying to do research and I'm having a hard time understanding all of this.

>> No.26427916

How the fuck is farming good with a 37k stack when the fuck gas fee is 700$?

>> No.26427929

>>26427872
Get MetaMask
Acquire ETH
Go UniSwap
Get BAO
You can do the KYC SSN shit if you're not a privacy crazed guy, I would avoid KYC though in general

>> No.26427967

>>26427916
With a stack that small it’s not, so don’t

>> No.26427976

>>26427872
give me ur ssn I'll do it for you since I got experience

>> No.26427994 [DELETED] 

>>26424890
don't listen to this fucking retard. You should be staking your buns, this isn't a pump and dump scheme.

>> No.26428046

>>26425313
Yeah, most likely why it won't happen, though I see a potential three digit profit

>> No.26428079

>>26424890
dumb retard you should be staking if you don't want to get fucked in the LONG RUN

>> No.26428099

>>26427967
How did we even reach these parabolic gas fees? Other defis have like 50-100$ for depositing into liq pools

>> No.26428139
File: 15 KB, 640x480, 1609053971618.png [View same] [iqdb] [saucenao] [google]
26428139

>>26427309
Just do stuff, and ignore gas fees. Its chump change.

>> No.26428190

>>26427872
We are still so early. Dont give your SSN to Chinese companies anon. Send from coinbase erc20 token to metamask wallet. Go download metamask now, its a browser wallet. Send coins there and connect to uniswap.

>> No.26428203

>>26427916
How did you manage to get a stack that small? Mommy give you a dollar to buy bubblegum, and you spent it on bao?

>> No.26428241

>>26427872
Can't get BAO on binance. You need to use uniswap. Swap ETH for BAO.

>> No.26428253

When's the next dip?

>> No.26428255
File: 100 KB, 910x1024, pepemoobie.jpg [View same] [iqdb] [saucenao] [google]
26428255

>>26427929
Thanks for the quick response friend, I'm going to do this I guess.
For a poor person like myself what would you guys say is a reasonable starting amount of $ to invest?
I am trusting you my future Baollionaires

>> No.26428292
File: 585 KB, 938x2381, Bao-chan.png [View same] [iqdb] [saucenao] [google]
26428292

>>26425417
Everyone is yelling about IL but most likely you've outfarmed any potential losses by now. Check on APY.vision

>> No.26428311

>>26425509
Peoples understanding of IL is so fucking shallow.

You are at a loss compared to bag holding alone, without factoring your farmed bao.

>> No.26428321

>>26428079
I tried to tell him this but got the knuckle dragging faggot response. some anons gotta learn the hard way. just trying to save the newfags from this misinformation as well

>> No.26428376

All I've heard about this coin is the staking. Is there any other use case for it? Shill me please.

>> No.26428379
File: 6 KB, 331x45, BAO FAQ.jpg [View same] [iqdb] [saucenao] [google]
26428379

Was this the most obvious buy signal of all time?

>> No.26428419

>>26428255
Whatever money that you would spend on bullshit that you don't need, I don't know your situation, and I'm also poor. but thats how I do it. If I was going to spend it on stupid shit that has no potential to go up in value like an article of clothing I will put it in instead.

>> No.26428421

>>26428379
kek thats why i bought it
always do opposite of what developers say

>> No.26428425

>>26427872
You'll need a way to send crypto to a metamask account. Get set up on coinbase or gemini or something, buy eth send it to your metamask address.

>> No.26428445

What price are we expecting out of this?

>> No.26428563

>>26428419
Aight thank you friend, and thank you to everyone else that responded.
I appreciate you all being so helpful and I look forward to riding with you all to Baohalla

>> No.26428601

>>26428563
Goodluck brother cause I sense we're in a similar boat

>> No.26428711

>>26428255
>For a poor person like myself what would you guys say is a reasonable starting amount of $ to invest?
How much do you have? Make sure you have enough to cover any gas fees because the fees will eat you up if you are a poorfag.

>> No.26428741

>>26424663
I bought this for 50 bucks I'll hold it until I don't get a profit that will offset my attention from jerking off, be that in the pit of tartarus or on alpha centari.

>> No.26428843

Fuck the moon, boys.

WE'RE HALF WAY TO PLUTO!!

>> No.26428855

>>26425890
Imagine you bought 10million bao that cost you 1 eth. Then you put it into the pool, so you put 10m bao and 1 eth into the pool. Imagine the pool now has 100m bao and 10 eth. You own 10% of that pool. Now imagine bao quadruples in value vs eth. The ratio in the pool will now be something like 50m bao and 20 eth. Now you withdraw your 10%, giving you 2 eth and 5m bao.
That is 4 eth worth in total.
If you just hodled 10m bao and 1 eth you would have had 5 eth worth in total.
But this doesn't count for the fees the pool accrued and of course the farmed bao if you staked your lp tokens.

>> No.26429012

>>26426997
why the fuck would you spend gas to pair 26 fucking lp

>> No.26429135

>>26428099
That's a metamask bug that happens to poorfags who can't afford the gas. Send more eth to your wallet and the gas for staking will be normal.
>37k stack
Oh wait, you're too fucking poor.

>> No.26429151

>>26428711
Planning on just buying around 50 dollars worth.
Gas fees are when exchanging from one crypto to the next right?
So if I buy 50 dollars worth of eth then exchange for bao, what am I looking at for gas costs?

>> No.26429259

>>26429151
>50 dollars worth
Bro why?

>> No.26429276

>>26429151
Get a fucking job. Every erc20 tx on a dex will cost $8-$30.

>> No.26429300

>>26425509
Not how it works. IL is relative loss to compared to simply holding. If the assets go up you still make gains, just less.

>> No.26429367

>>26429259
Because I don't know what I'm doing : (
Please be kind, what do you guys think is a good amount to start with? I could swing up to around $500 right now, but I would prefer to spend less.

>> No.26429444

>>26425509
Good advice, I staked 6MM Bao earlier this week, so I'll probably farm using a different pair.

>> No.26429577

>>26427474
always buy the thing that biz shills that has a cool name like link or bao etc will work out 100% of the time, dont even read the whitepaper its useless

>> No.26429582

>>26428292
but the harvested amount isn't coming back for a long time. Better to use something else.

>> No.26429617

>>26429367
I went with $500 and ended up with 1 million bao and able to stake 820,000. Gas fees and all.

>> No.26429626

>>26429367
fee's gonna be like 10-30$

>> No.26429692

Give me a quick rundown on this? As far as I understand, this would allow derivatives on shit like Uniswap?

>> No.26429702

>>26429367

Don't invest more than you're prepared to lose. When you go in on a newer coin you've got to accept that it might just die overnight.

It's a gamble. The more money you want to make the more you need to put in, but you have to accept you don't always win.

>> No.26429704

>>26429444
It's terrible advice and no one is at NET loss. You MAY be at a loss compared to having just held, but that's if you only started farming maybe this week

>> No.26430302
File: 15 KB, 300x290, pondering-guy_fb_164705.jpg [View same] [iqdb] [saucenao] [google]
26430302

why are the APYs going way UP?

>> No.26430307

We will probably touch .0005 and then dip again, could be large or small. Although the current pattern is we go 20% lower from the top, consolidate there a bit and then moon again

>> No.26430383

>>26430302
Havent noticed this anon. Which pools?

>> No.26430498

>>26430302
more volume? although still low as fuck

>> No.26430546

>>26429704
Just bought another 3.5 million Bao at .0004. I think I'll still unstake in a few days and farm with different LPs though.

>> No.26430834

>>26430546
Ill continue farming my BAO-ETH and add more to different LPs as well.

>> No.26431635

>>26430302
>>26430498
Price of BAO is accounted for in APY

>> No.26431744

we are going to the moon...

don't fall to the fud and keep holding

>> No.26432094

Can someone tell me why the token is needed?

>> No.26432165

someone has a telegram link for BAO community ? I dont like discord

>> No.26432199
File: 38 KB, 316x493, Screenshot_2021-01-23_14-29-48.png [View same] [iqdb] [saucenao] [google]
26432199

When are we hitting one cent?

>> No.26432247

>>26432094
token not needed

>> No.26432253

>>26432165
The telegram BAO community is just shitposting and FUD.


t.me/baofinancebois

>> No.26432300

>>26432247
needed in order to make it

>> No.26432313

>>26432247
Then why the fuck should I buy it?
Purely for staking/locking-in?

>> No.26432479

>>26432313
Read the documentation. It aims to provide synthetic assets on Sushiswap.

https://docs.bao.finance/

>> No.26432851
File: 11 KB, 325x120, Screenshot_2021-01-23_14-44-50.png [View same] [iqdb] [saucenao] [google]
26432851

$.0005 waiting room.

>> No.26432990

>>26432851
Have you not refreshed? We got rejected and are in absolute freefall

>> No.26433033
File: 82 KB, 217x219, baoman.png [View same] [iqdb] [saucenao] [google]
26433033

>>26432990
You shutup! You buy BAO now!

>> No.26433151

>>26432253
thx anon im here for the meme

>> No.26433221

>>26432990
Back to .00038 then we'll moon

>> No.26433320

>>26432990
Yes
in the long run it won't matter
1c is inevitable
even though I'm completely clueless on how this whole thing works

>> No.26433746

>>26426059
good rule is to sell half.

>> No.26433915

>>26433746
or at least ur initial investment

>> No.26434421

>>26426059
what the fuck
how long did you stake to get X2 free BAO?

>> No.26434490

>>26434421
He means 6.5m is hodling instead of used for farming

>> No.26434623

>>26434490
oh ok

>> No.26434830

>>26434623
FUCK IT BOYS SHALL I FOMO IN $300K

>> No.26434874

feeling EXTREMELY comfy bao bros

>> No.26435164
File: 686 KB, 1404x1920, 19511d0d1f7ccd0fa2db469989623ca5.jpg [View same] [iqdb] [saucenao] [google]
26435164

The token is used for minting synthetic assets, and are burned when doing so. With BAO you'd be able to trade your stock portfolio on fucking sushiswap. Imagine using the funds you had tied in crypto to hop on the GME moonshot. BAO can bring that to Sushiswap. Sushiswap is officially partnered with BAO and will lost BAO soon. Their success is mutually beneficial. Sushiswap wants to be more than just an automated market maker. They want to be a big DeFi player. They need BAO.

>> No.26435192

HOW THE FUCK DO I BUY

>> No.26435224

>>26435192
I bought over uniswap

>> No.26435277

BUYAO NAO

>> No.26435286
File: 27 KB, 639x462, file.png [View same] [iqdb] [saucenao] [google]
26435286

>>26435224
https://app.uniswap.org/#/swap?inputCurrency=0x374cb8c27130e2c9e04f44303f3c8351b9de61c1&outputCurrency=ETH
Like so?

>> No.26435296

>>26435286
like so yes

>> No.26435358

>>26435286
Yes

>> No.26435422

Am I missing something? Isn't IL basically functioning like a hedge? Yes you will gain less from BAO mooning, but you're also still benefitting from ETH gains and get less hit by dumps, right?

>> No.26436060
File: 87 KB, 1287x830, 1611414512754.jpg [View same] [iqdb] [saucenao] [google]
26436060

>>26435164
also BAO will do synths on Uniswap too.

>> No.26436077

>>26435422
You're correct, brainlettes are just too scared of seeing negative numbers.

>> No.26436916

I started staking last night. If I harvest my 40k boa I eared then it'll turn into the locked bao? Then I'll have $18 paid over 3 years? Is this what making it is like?

>> No.26437224

>>26424663
Is it too late to get into this?

>> No.26437258

>>26437224
IT'S STILL NOT RLEEASED TO SUSHISWAP

>> No.26437275
File: 130 KB, 1200x800, 4248029525.jpg [View same] [iqdb] [saucenao] [google]
26437275

So comfy here

>> No.26437415

>>26434830
Yes
Not sure you'll be able to buy that much without a big slippage though
Also you're literally buying at an ATH so might as well wait for a correction which will eventually happen

>> No.26437450

>>26437224
nope

>> No.26437528

>>26437258
>>IT'S STILL NOT RLEEASED TO SUSHISWAP
ETA?

>> No.26438231

>>26437528
The 27th.

>> No.26438729

Sirs I keep getting transaction failed when I try to buy

>> No.26438858

>>26438729
sucks to be you. maybe you should farm a different LP? My suggestion is USDC

>> No.26439361

>>26438729

Did you do the needful?