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/biz/ - Business & Finance

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28272645 No.28272645 [Reply] [Original]

IYKYK

>> No.28272732

>>28272645
lmao at this thread an hour ago which literally dropped the fattest fucking alpha you can about the project and also leaked a partnership and nobody payed attention.

iykyk

>>28268415

>> No.28273058

>>28272732
I paid attention anon, don’t worry. We’re gonna make it

>> No.28273075

>>28272645
biz is so fuckingg dumb. going to shill stuff like rbc which already went parabolic instead of buying into this god tier project.

I'm in this since that based anon posted the thread the other day and im nearly up 2x already

>> No.28273141

>>28273058
yeah. i saw that and was like. this is why i still browse /biz/

>> No.28273339

Fuck it I’ll bite. What’s a make it stack for this?

>> No.28273501

>>28273339
10,000, suicide stack is 1000

>> No.28273508

>>28273339
im still trying to accumulate desu. but i think if we get a full alt season and anything resembling 2017, this should at least 50x from here, if not 100x. so trying to get about 10k worth as fast as i can, adding on dips or bullish consolidations below resistance.

i want to try swinging it too but im scared because its in price discovery and can just continue to run.

>> No.28273616

>>28273508
Can you unfud me about the pajeet team?

>> No.28273662

>>28273616
no but you can unfud yourself by either researching or fomoing in when the price is double from what its at right now.

>> No.28273850

>>28273616
Lots of pajeets in Silicon valley. Also they are featured in plenty of mainstream news articles.

>> No.28274371

>>28273501
>>28273508
Surely a 1,000 stack is more than suicide, considering it will be worth $50-100k this year

>> No.28274566

>>28274371
Don’t make me too erect, anon.

>> No.28274801

God damnit you guys are making me wanna sell half my ADA bag for this shit.

>> No.28274877

>>28272645
How does this work? am I supposed to min Y dollars with my Eth?

>> No.28274992

What does it even do?

>> No.28275180

>>28274877
instead of just holding eth you mint ydollars with your eth and then use that money to yield farm or do whatever you want. ydollars are a loan against your eth that you can use to accrue more capital.

they'll be releasing versions of this for a myriad of coins in the future, with DSD, Ocean, YAM, Ramp, and others some of the already confirmed ones.

It allows holders of tokens to create instantaneous and liquid credit through their holdings. In the future they will be adding real estate and stocks as well. so you'll be able to both invest and borrow against real estate, stocks, and other real world assets.

>>28274992
see what i just wrote

>> No.28275243

>>28275180
How do you know?

>> No.28275279

ok i bought 1k of this obvious ponzi. now what? do should i add liq and stake? or is it too risky to stake now?

>> No.28275317

>>28275243
because ive researched the project and check in on threads here when people post about it.

DSD, Ocean, UMA, REN partnerships are confirmed. RAMP is mentioned in their telegram and YAM is mentioned in their telegram and in the YAM discord they talk about using OpenDao and bringing synths to YAM through opendao. Yam devs love the project.

>> No.28275359

>>28275279
Don’t stake now because it’ll pump hard and you’ll face IL.

>> No.28275383

>>28275243
founder has also mentioned that they still havent announced multiple partnerships with top 100 crypto projects

>> No.28275431

>>28275279
>>28275359
yeah, im not staking now. waiting for native staking/governance to come out. in addition to governance you'll be able to collect fees from the minting ecosystem and also borrow against your open holdings. so super bullish.

>> No.28275453

>>28275180
man

all that stuff sounds extremely detached from reality

>> No.28275761

>>28275453
True. Glad someone else said it. But this shit only goes up in value so I'm fucking buying

>> No.28275833

>>28275453
welcome to DeFi, baby.

anyways, the yDollar is a great product and its no coincidence that top projects such as Ocean, Ren, and UMA decided to work with them.

if you want a fat technical deep dive, here is a video.

https://www.youtube.com/watch?v=uQdx7gV1WSg

and here is a shorter explainer video of the protocol:

https://www.youtube.com/watch?v=j1x1GUbMBqM

>> No.28276062

>>28275761
>>28275453

I actually agree with you. But this copy-pasta from another Open thread on here brings things down to earth a bit. I also think that this isn't all that different than the sort of financial instruments that exist in traditional finance. If you read about the binomial tree option model and other more complex financial instruments they sound equally as detached from reality, but that doesn't make them any less real. Finance lends itself to a level of abstraction. Anyways:

"While DeFi inaugurates a number of improvements over traditional finance, some of its more novel propositions are:

1. Democratization of finance (decentralization, ability for retail investors to tap into advanced financial tools)

2. Unlocking liquidity and untapped value of assets via lending and other methods (yield farming, etc).

OpenDAO capitalizes on these propositions by allowing institutional investors to turn illiquid assets liquid. Think of a property owner, who, wanting to invest further, tokenizes their property and then uses it as a debt instrument to access more capital to do as he pleases through OpenDAO. Think also of a retail investor, wary of volatility in crypto, who invests in property (or stocks) through OpenDAO and then mints stablecoins against his asset holdings to do as he pleases.

We can see then that OpenDAO is not just about tokenizing assets, but also about creating a system that creates value through unlocking untapped liquidity in both DeFi, and traditional finance."

>> No.28276989

>200 dollars in gas

uhm

>> No.28277132

>>28275833
bearish af

fucking pooinloo

>> No.28277299

>>28277132
for anyone actually getting convinced by this scam, just look up DMM and see what became of their attempt to tokenize real world assets

never trust a currymoneky

>> No.28277406

>>28277132
>>28277299
nice fud. this has been addressed by the teams multiple times. theyve said themselves that token holders and LP providers shouldnt have to trust any centralized authority. plans for centralization and also the cashbox completely mitigate this risk. DMM was the issuers of assets which was the issue. this is not the case with OPEN

>> No.28277443

>>28277299
Getting chainlink vibes from this fud

>> No.28277501

>>28276989
gas will go down now that Avax is here to dab on stupid eth