/biz/ - Business & Finance

>>19408734
see you at 10 USD my friend
maybe then I will consider unloading part of my bags on your sorry face

The recent tokenomics changes are so bad for token holders. Basically this thing is nothing more than a payment token like RPL but it can only be used to pay RPL node operators.

This coin is a safe one to ignore and never look back at.

>>19408801
Answer and respond to >>19409126
please.

>>19409316
He is kinda right. The RPL Token now is only a Bonus-Token, but there is no more need for RPL to stake ETH. So basically, it's lost it's usecase. Good job Rocketpool. I made my gainz but this is lost to fall way much deeper.

>>19409316
He can't. this token is literally a payment token. it's just an erc20 version of xrp used for payments just like ubt.

I'm not even mad about it i'm glad some people got their tendies on this pump but it's all downhill for RPL from here. Nobody is even interested in the product whatsoever.

I guarantee that this is the most expensive that RPL will ever be again.

sell me your bags senpai

>>19409540

Will pump madly during ETH 2.0/staking hype alone as people won't understand all the ins and outs, but for now you might be right.

I'm just here to FUD people out of their bags, because they don't understand the deeper meaning of the new Tokenomics >:D DUMP IT FOOLZ, DUMPT IT FAGGOTS GIVE IT TO ME BABY UHUUU UHUU

You retards realize that RPL holders receive a portion of network fees similar to LP, right? The new changes are much more flexible in regards to staking requirements, duration, and minimum capital requirements. Let’s look at the big picture here frens.

>>19409681
This is not true. There's literally no reason for the token to appreciate.

>>19408734
I sold when vitalik tweeted that eth staking is not coming out in july. Too risky. Good luck to the holders.

>>19409681
The maths say RPL is at least 6-7x overvalued, with the new tokenomics.

>>19409611
Phase 0 isn't coming this year

>>19409771
never coming*

>>19409771

It's still on target for Q3, retard.

They basically implemented the same mechanic that LP has, with allowing token holders to get a share of the network. Anons, why do you fud so?

>>19409681
Explain more of the big picture?

>>19409765
its actually 10x overvalued at this point with the new token changes
they've made a TON of good changes, like the indefinite staking/tokenized interest/etc but the token is absolutely worthless.

We can still moon from this right?

>>19409926
oh no no no no no

Sooooooo is this just going to crash now ????

>>19410087
yes

>>19410087
This ones going straight to the dirt for sure. The devs just killed their own token. It can't even be staked anymore

>>19410184
it can be staked lol
its just not worth it
stop spreading dumb FUD and FUD with facts

>>19410087
Like hell it is. The number of wallet addresses is still increasing. I refuse to believe that it's going to fucking end like this.

Interesting development. The team decided to make the project much more useful at the cost of making the token worth way less, at least 10x from the current price.
What was the ico price? If the sustainable price under the new model creates results in a sustainable price that's higher than the ico, I don't think the team can be blamed - they still did good for their investors. They are not responsible for absurd speculative overvaluations that can't be supported, it's not a ponzi scheme.

>>19410342
it should stabilize around $.80

>>19410371
No offense but if you're quoting the dollar price it shows you have no idea. Everything about rpl should be valued in eth. The dollar price only depends on the eth price.

Why is no one mentioning the 2% of network fees? Didn’t the tokens essentially become the network itself now? Where is the loss of value????

>>19410509
the fees aren't actually a lot
it comes from the users side
if i'm a user, i deposit 1 eth. I can expect a 10% interest fee. However, they will take 2% of the 10% meaning they earn .002 eth of interest from 1 eth

>>19409900


The big picture is that RPL holders can now profit more by running nodes and by staking RPL. This model is geared toward big whale holders of ETH and RPL such as exchanges, institutions. It pretty much ruins the value for the little guys.

1. RPL is now used as security/collateral for the network. If a node operator screws up they are penalized in RPL and that RPL is burned. (this is very similar to Chainlink and LINK. You don't need LINK to run a node but those that do and are screw up lose a portion of their LINK)

2. Yes, there is now a burn feature for nodes that aren't behaving properly. Normally I shrug at burn features but RPL only has a total supply of 18 million! Think about that for a second. This one little feature for a smaller supply token makes the value extremely bullish.

3. Those that stake RPL along with ETH gain bigger rewards. Rewards that are a % of network fees. So something to think about....not all RPL holders will run nodes and stake their RPL. Meaning that RPL holders especially the whales will garner much of the % of network fees based on the amount of ETH staked in the network

4. People had an estimate of 20Million of ETH staked in RPL netowrk. I personally think it will be higher since regular ETH node validators are capped at 32ETH. meaning those that earn ETH on top of 32ETH will move that to the RPL network to stake and build until they have enough ETH to start another ETH node. And since there is no minimum to stake in the Rocketpool, the network could potentially garner up over 40% of the ETH stakers. It will just grow from there.

5. Now there are five tokens at play. You have Eth (aka Eth1), Eth2 (team refers to it as BETH, Beacon Eth), RPL, rETH, and nETH.

6. Rocketpool is currently the only network that offers no time minimum to stake. You can pull your ETH out at any time or you can leave it in and use rETH for liquidty and trading or staking, most likely, on other sites like AAVE.

(Cont)

>>19410696

About rETH

As the user you immediately get one time rETH in return for the Eth you contribute. This rETH accrues value over time in proportion to the staking rewards the RocketPool network generates as a whole.

Its Kind of like Compound's cDAI. Early on you will get more rETH per ETH compared to joining later. rETH will continue to appreciate as the network generates more staking rewards. rETH will be immediately trade-able (not stuck till Phase1+).

This adds bennifit to the network. If a user decides to quit and ditch Ethereum, their ETH still stays in the RocketPool network and continues to support Ethereum indefinitely (at least until Phase 2). If they want to leave then they can just sell their rETH instead of pulling their Eth out of staking. This is a massive show of support for the Ethereum ecosystem and prevents less committed people from creating chaos. This will also help combat exchanges exerting a centralized influence on staking. Again, think Whales.

About nETH

Node operators get nETH for their 16 or more ETH they contribute at a rate of 1:1 (this is different from rETH). nETH does not "tick up" like rETH does. They then earn rETH continuously at the usual ETH staking reward rate + commission as their reward for operating a node on RocketPool. The commission rate adjusts depending on how many node operators there are vs users.

Node operator gets nETH once for every ETH they contribute and then continuously earns rETH all the while that rETH itself accrues value which compounds the return. As if that is not enough, they will earn even more if they lock in RPL as well. HUGE!

Alot of the new tokenomics is geared to RPL whale holders. This is huge incentive for these guys carry both ETH and RPL. Anyone that is serious about ETH staking and earning a RETURN will consider staking massive amounts of RPL as well. Especially knowing they are doing it for the health of the ETH network which they are dedicated in supporting.

>>19408734
What happens when they announce that rpl will be used to regulate node capacity and to stake. Then we're talking $20 rpl

>>19410846


So lets give an example.

Let's say the vanilla solo staking Eth return rate is 15%/year. Instead of running one regular ETH validator (and committing 32 ETH until Phase 1 or later ) you run two RPL nodes (16 and 16 Eth). You would get 32nETH immediately and then immediately start earning 15% rETH + rETH commission on top + a piece of the 2% depending on the amount of RPL you locked in. All of this rETH itself also accrues value in addition.

The thing to keep in mind here is the accrual is immediate and the more ETH staked in the network is a direct influence on the amount earned depending on the amount of RPL locked/staked.

That is a HUGE incentive and gives the RPL token a near limitless price valuation. Comparatively, the old tokenomics, RPL was estimated to be limited at .1 or .2 ETH since the usage of RPL decreases as the network grows. NOW, the new tokenomics, as the network grows, the RPL token value grows with it.

Now, can anyone else name me a a decentralized ETH staking network? excatly... Rocketpool is the standard and everyone will be suing it.

FUDers really want my poolies, huh?

>>19410993
you are actually completely wrong
you ONLY get nEth when your node is SHUT DOWN. please re-read the announcement and white paper. Node operators are NOT issued ANY tokens until they shut their node offline.

>>19411052
Just reread it. your are correct about the nETH. it is only give if the node is shut down. Right.

>>19410993
nice last ditch shill effort acap

Shit this FUD is getting to me... do I sell bros? I bought in when it was over $3

>>19411372
>bought in when it was over $3
Yikes. It's going back to sub $1 by EOY guaranteed

>>19411462
Fuck you're probably right. Just sold everything. Thank you kind anon

>>19411525
No problem, brother. God speed

desu, the FUD finally got to me too. I was a rabid defender, but I think that if one whale exited (100k sold today by a single person) over the tokenomics changes, then one more would absolutely destroy the price. I'll buy back in when it tanks but otherwise i've made a little profit and escaped with my initial.

>>19411619
I'm glad tat at least someone in hear is smart

>>19411186

Im not acap. don't know who it is. Just explaining the new tokenomics. If it sounds promising thats because it is.

thank you for confirming.

The price is back above $2.5 on uniswap. Why is this thing still going up if the new tokenomics are shit. Do people genuinely not care and will keep pumping the price regardless?

>>19411619
Why would you buy back in though? It's absolutely a scenario where the token is truly not needed, even moreso than other "token not needed" projects. At least before the change there was a somewhat defensible argument for a ~$1 RPL

>>19412185

Because the new tokenomics equates to a higher price valuation of RPL.

The old tokenomics meant that the more usage the network gets the less RPL is needed until the ration is 0:1 RPL to ETH and then there is no need for RPL.

The new tokenomics make it so the more the network is used the higher RPL price will go. Its simple, the more ETH is staked within the network, the more desire to stake RPL in the network. With the burn function and RPL staking (to secure the network) RPL becomes more scarce in the open market and more valuable in price.

>>19412199

Annon, LINK is not needed to run a node but Chainlink is sitting over 1 Billion marketcap.

you know not what you are talking about.

shitty tokenomics for a great project
I sold up 2.5x

>>19412268
>>19412291
Shit the counter-FUD is getting to me. I sold at 2.40 should i buy back in? it is 2.84 now

>>19412291
The link token is literally essential in requesting data from nodes, though. It's the only erc20 there is that has a transfer and call function allowing tokens to be transferred to contracts and have the contract trigger logic for how to respond to receiving the tokens within a single transaction.

I'll try to better understand the new tokenomics as I am just not getting it right now. But comparing it to link is just wrong

>>19412329

You are an impulsive trader selling at dips and buying at pumps. NGMI

>>19412346

What you say is true about the LINK token.

But it is also true that you don't need the LINK token to run a node just like you do not need the RPL token to run a node. However,

More LINK equates to a higher reputation node that offers a greater return for staking LINK

The same can be said for RPL. The more ETH staked within the network and the more RPL staked within the node means there is a greater return for staking RPL.

It is true they have different functions but the tokenomics are similar in the sense of value accrual when staking the native token and increased network usuage.

>>19412484
I see. I also see you said node in first comment, misread that at first. Appreciate the explanations anon. I've been watching from the sideline and still will for now, but I do like the rocketpool project

>>19412329
Bro what is going to happen when something you invested in sky rockets!? Thankfully, for your mental health sake, you are so retarded that nothing you hold will moon, most likely because you sold it all at a deficient.

>>19412886
So satsgang has just claimed another victim? WHY DO WE KEEP LETTING THEM GET AWAY WITH THIS????

>>19412199
Because it’s a good project and I really hope they can fix these issues. However the token absolutely handicaps them and I can see it a lot clearer now with these changes. Just like that anon said it’s a legit project ruined by tokenomics. I really hate it, I fucking love this project.

>>19413306
Do not buy back in sir token disaster not good financial prosperity upon purchase of token

>>19413566
Kek
I am still optimistic about the project
The actual project itself is solid. There just isn’t a way to make the token worthwhile. Even adding the rpl requirement back in wouldn’t really do much for the valuation

>>19413589
Don't believe their lies the token will be just fine lmfao

>>19414300
the lead dev said they are targeting updates over the coming weeks
price will probably bleed for a bit, i'll buy in later

Bump

>>19408734
>>19409681
>>19412268
So basically the new RPL function as essentially a security deposit now ties its value to the commission given by Rocketpool.

But nowhere in the FAQ or the updated whitepaper have they actually given hard details about how much the commission is, and how it changes with the amount of RPL staked.

So how is everyone making claims about the new fair market value when we have no real info?

>>19415911

They're going off a 2% fee claim, which the dev just said is not necessarily the number.

>>19415911
Becuase you can use math and the information available in their code to do projections. Even with all the eth in the world staked in rpl the fair value of the token is only .01 in their current model.

>>19415945
It’s going to be lower than 2% even. Any higher and there’s no incentive to stake with rpl. Rpl needs low fees to be competitive.

>>19415948
Where can I find the relevant section of code? I'm a codelet but I may as well see if I can figure it out for myself to sort out potential FUD

>>19416026
you can look at their commits in the discord if you go to the github channel but a member posted the formula in the channel previously.

`eth_staked_by_users*eth_roi*0.02*(1/eth_roi)/rpl_supply = eth_staked_by_users*0.02/rpl_supply` this discounts by eth roi

>>19416084
Thanks anon