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

/biz/ - Business & Finance


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53403058 No.53403058 [Reply] [Original]

soooo... what's the catch here

>> No.53403407

liquidity

>> No.53403480

>>53403058
for a decentralized product...it's ok. I have a 150x long open at the moment that is up bigly. the reason I opened 150x long, is because I wanted to test this platform, but not with a lot of money. 7500 dai is the min position size on BTC/DAI though....so $50 x 150x was needed.

obviously the min position size is lame. other lame feature is max take profit is 900%. so my giga chad bottom long is going to auto close at 900% pnl. not great. we'll hit that by the end of the day desu.

tldr. I would not trade here unless you are don't have access to leverage on a cex.

>> No.53403672
File: 137 KB, 1760x739, file.png [View same] [iqdb] [saucenao] [google]
53403672

>>53403058
more trade volume than GMX already at 1/3 of GMX marketcap, so yes, we are going to rape them. Arbitum trading competition with $100K in prizes starts the day after tomorrow, we will fly. Get in or miss out fren.

>> No.53404570

>>53403407
guessing you mean the open interest caps? liquidity itself isn't an issue, all trading is synthetic and both the dai vaults are fairly large atm. I'd like to the OI caps raised across the board, particularly in prep for the trading comp in few days.

>>53403480
fyi polygons min position size is 1500, but... its polygon. dev said its possible down the road to reduce the min position sizes by 8x in an update. 900% win cap should also increase as dai vault scales but no set conditions on this.

>>53403058
no catch, its currently the most advanced decentralized leverage trading platform on the market right now. trading comp in few days starting on arbi and next few months should see the addition of multiple updates like partial closing, guaranteed limit orders/tp, more collateral types etc.

>> No.53405422

Just buy YDF. It's 1/10th the market cap, no one talks about it on 4chan but it is all over CT.

Has all original code, great UI/UX, perps, staking with tradable NFT'S as certificates of deposit, an NFT marketplace, OTC on Feb 1st. Eventually a DAO and Chainlinks low-latency oracle solution when that's available so all trading restrictions will be removed. Things at like 13M mc. Check it out at yieldification.com and do yourself a favour before the real meltup begins.

>> No.53405458

What is CT?

>> No.53405655

>>53404570
yeah, its a new product so I assumed they would continue to roll out new features. leverage dex platforms are def needed. I would love to be done with cexs. give it another year I'd say and I bet we get there.

>> No.53405682

Got scamwicked, will never use again. Don't say you're using CHainlink price feeds and then snipe my trade.

>> No.53406041
File: 93 KB, 863x1280, FKAne4zUUAAP1rc.jpg [View same] [iqdb] [saucenao] [google]
53406041

>>53403058
I bummed polyjeet gns getting less interest than arb gns. I provided liquidity gns/dai for about a year (its over now) and made about 50%. Interest is almost 8% on single stake. This does vary but whatever. Im long and shoulda bougt more last dip.

>> No.53406596

This shit saved me from devastating 2022 bear and I can't sell for profits because team is constantly delivering new features

>> No.53406624

>>53405458
Crypto twitter

>> No.53406681

>>53405682
Show me that scamwick retard, no way you didn't screen it. No scamwicks is basically their main trademark.

>> No.53407442

>>53405422
Fuck your whore mother

>> No.53408352

>>53407442
Cope, you faggot.

>> No.53408659

>>53405682
Post it to prove it or you're an assburger.

>> No.53408782

>>53403480
Capv4 will be the superior product (not shilling just a fact, check the github) private beta atm. Btw this the kind of alpha /biz/ doesnt have anymore, thank me later

>> No.53409080
File: 64 KB, 714x518, 1619562962194.jpg [View same] [iqdb] [saucenao] [google]
53409080

The catch is that you didnt buy at 80 cents.
Scam.Farms.V2..

>> No.53409955

Did this used to be gains.farm?

If so, I'm going to shoot myself

>> No.53410014

>>53409955
Yes

>> No.53410167

>>53408782
no cap?

>> No.53410181

>>53409955
yeah this is gfarm3

>> No.53411954

>>53410167
fr fr no cap is a scam senpai

>> No.53412302

Literally the best dApp on Polygon right now

>> No.53413209

ive known i shoulda pick gns up when it dipped to $2. honestly..is too late to buy in?

>> No.53413272
File: 87 KB, 907x482, 44546332.png [View same] [iqdb] [saucenao] [google]
53413272

>>53413209
depends if you like free money or not. gtrade gonna be doing $1bil daily volume by this time next year

>> No.53413307

>>53413272
how much do you think it ill be valued at by then? I got like $500 to drop on it (I knw im poor)

>> No.53413467

>>53413307
to oversimplify things, gns price simply follows gtrade volume (fees generated), as its price is directly underpinned by the staking rewards it receives. so if daily volume now is about $100m and 10x to $1bil, then the gns price will 10x as well

>> No.53413484
File: 131 KB, 1163x613, VELA UI.png [View same] [iqdb] [saucenao] [google]
53413484

VELA is going to shit on every perp platform in this space. Mark my word and desu I was a gns fanboy for the longest time and still like it.

>> No.53413500
File: 203 KB, 1201x630, preview.png [View same] [iqdb] [saucenao] [google]
53413500

>>53403058

IF ONLY EVERYONE KNOW WHATS COMING

MYC

>> No.53413599
File: 60 KB, 1028x238, 676355134153.png [View same] [iqdb] [saucenao] [google]
53413599

>>53413484
nice CEX you got there kek.
the fact you can't close a profitable trade for the first hour is pretty ass as well

>> No.53413849
File: 79 KB, 1005x568, gtrade_scamwick.png [View same] [iqdb] [saucenao] [google]
53413849

>>53406681
I was surprised too, but it absolutely does happen.

>> No.53413969
File: 118 KB, 1108x1108, samwicks.jpg [View same] [iqdb] [saucenao] [google]
53413969

>>53413849
uhh you'll have to show the 1min chart. showing a candle on the 1h chart doesn't mean anything, price can legitimately swing wildly in that time period.

also have to keep in mind gtrade reduces scamwicks by taking the avg price from several exchanges, so if all 7 exchanges experience the same spiked candle, gtrade will as well. and if every exchange registers the same spike, you could argue its not even a scamwick at that point - its just a normal, albeit violent, market move. Whereas if you use a CEX, you end up with pic related

>> No.53414228

>>53413849
>link dumps
>he thinks it is scamwick
lmao do stinkies really ? anyway devs lied again I am selling

>> No.53415012
File: 81 KB, 634x514, 1629393070795.jpg [View same] [iqdb] [saucenao] [google]
53415012

>>53413849
>1h chart
nice FUD bro

>> No.53416813
File: 38 KB, 600x537, isleep.jpg [View same] [iqdb] [saucenao] [google]
53416813

>>53413849
2% dump during 1h is a scamwick?

>> No.53416867

>>53413484
>VELA
>failed audit
>anonymous jeets doing programming
>missed deadlines everytime
>can't even execute a token swap
>no tvl
>no actual plan for tvl

lol

>> No.53418658
File: 90 KB, 512x512, 8j87h3f.png [View same] [iqdb] [saucenao] [google]
53418658

damn it feels good to be a gainster

>> No.53419078

>>53416867
nice summary of this scam... Sold my stack after they delayed the beta on the 18th, fucking trannies man hope it burns to the ground

>> No.53419290

>>53419078
yes and don't forget about the minting of 650k tokens into the ciculating supply on january 2nd 2023 (in the middle of the night) increasing the total supply to 8million when whitepaper says max supply for dxp is 7 million