/biz/ - Business & Finance

no bao thread? let's change that.

It's worth it if you farm BAO with your LP. Made $2000 in 4 days from it.

>>26307526
He's a meat bun

I love BAO

>>26276319
Farming rate is dynamically calculated based on a bunch of moving factors (such as how many people are in the same pool, the base rates if the pool, how occupied other pools are in comparison, etc) you'll get a general idea by doing calculations based off the APY percentages on the front page. Some pools are going to be nerfed for underperformance so I don't recommend buying a shit dead project like ChartEx just for the sake of farming its high APY pool. Here's the pool balance patch update coming out in a few weeks.

https://snapshot.page/#/baovotes.eth/proposal/QmUhvR5UvU4Pig73RGMEtDNvAEGdpYVZoUhBndgyALFCQZ

These are all discussed beforehand and community voted on (using BAO) so you'll never get caught by surprise from having your favorite pair nerfed. You'll always be able to harvest from a pool even if it gets delisted on the main site - it just won't generate any bao anymore.

When the xDai bridge goes live, we will also have Sushi pairings.

>>26233385
Nothing happened to it. It's still doing just fine, people just don't understand the tokenomics. This is an ICO/distribution period, not the main project. And you're not supposed to be buying this, you're supposed to be farming it. The price action at this stage literally doesn't matter because people would only buy coins exclusively for staking. When they harvest, they only get 5% back, which is usually enough to cover the gas fees, so they instantly sell and keep their remaining BAO.

>>26229747
BAO's primary focus isn't being a stake coin, it's just the distribution model. BAO is partnered with Sushiswap and is on their official 2021 roadmap. The primary purpose of the token will be to bring Synthetic Assets to Sushiswap.

That is, if you wanted to trade shares of TSLA on Sushiswap, BAO will allow you to create TSLA synthetics that track the actual asset using their token to use on Sushiswap. Definitely great for crypto bear markets, in case you wanted to move out the markets without tethering.

You can read more about it here:
https://forum.sushiswapclassic.org/t/sushi-x-bao-partnership/1834

>>26226646
This officially on the sushiswap roadmap
https://forum.sushiswapclassic.org/t/sushi-x-bao-partnership/1834

Tokens are locked for 3 years so not very prone to rugpull. He'd make a lot more money partnering with the third largest DEX than he ever could rugpulling a bunch of NEETs. He's also actively moving the project to L2, it really wouldn't make sense for someone to put in the effort of migrating if he planed on ditching us. All the FUD against this project gets killed when you just look at it instead of dismissing immediately by past association.