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29921291 No.29921291 [Reply] [Original]

Hello to all of my fellow DeFiat chads, and welcome to any newcomers!
Here is some spoonfeeding material for any anons who have not found this gem yet.
>Testnet was released a few days ago, with mainnet and AnyStake coming within 1-2 weeks.
>AnyStake will allow users to stake up to 16 different assets, such as LINK, AAVE, QNT, TRB, and many more.
>16 assests released is just the beggining as they will be releasing more the week after AnyStake launch.
> DeFiat's AnyStake platform allows users to stake ERC-20 tokens in governance chosen liquidity pools, allowing the ability of idle crypto to work for passively you. To stake, you will need DFT; this creates BUYING PRESSURE.
>Everyone loves staking returns on the most fundamentally sound cryptos; this creates HODLING PRESSURE
>As more and more individuals clamor to interact with the AnyStake platform, transaction volumes will increase, which in turn increases deflationary burn; this creates DEFLATIONARY PRESSURE.

Initial assests to be able to be staked on AnyStake launch - $WBTC, $USDC, $USDT, $UNI, $YFI, $LINK, $MKR, $CEL, $SNX, $AAVE, $CORE, $AMPL, $QNT, $LTO, $UOS, $TRB and many more.

Did I forget to mention that they will be reducing gas fees with staking on top of all of this?
Anons... everyone is just twidling their thumbs waiting for AnyStake, this shit is going to fly.
Market cap is only 2 million, literally some of the easiest money you can make if you have a tiny bit of patience.
This is just the tip of the iceberg. Look up the github and DYOR.

Big things coming within the next few weeks. Stop chasing pumps and getting burnt. Sit on something solid for a few weeks and make wicked profits.

Medium - https://defiat.medium.com/

GitHub - https://github.com/defiat-crypto

Twitter - https://twitter.com/DefiatOfficial

>> No.29921335

Oh yeah, in case you are retarded and haven't gotten a bag yet.

>$350,000 USD in ETH relocked by devs.
>Anystake code submitted to HACKEN for an independent audit.
>Market Cap around $2.3m USD
>Each transaction burns 0.5% DFT, with 2.5% being added to the rewards pool.
>Staking fees will be used to buyback DFT from the open market.
>Smart money holding DFT and still accumulating.

>> No.29921567

Great project take a look for yourself. You won't regret it.

>> No.29921573

this will pump once UI testnet is released. 100$ easy

>> No.29921621

Mainnet has been “coming out in 1-2 weeks” for about 2 months now. I’ll wait to buy this when they actually fucking deliver a product that works

>> No.29921708

>>29921291
Anons... It's free money. Lead dev just cleared the air in the TG. The FUD is just a joke at this point.

>> No.29921798

The token sounds incredible but every thread I see here looks like paid shilling.

Look at this lot

>>29921567
>>29921573
>>29921708

>> No.29921875

lol I think its genuine excitement for the project. personally I think the biggest issue is raising awareness

>> No.29921998

>>29921798
Connect the dots and make a decision for yourself. I'm not trying to push you to buy anything.

>> No.29922119

>>29921291
scam coin

>> No.29922163

>>29921798

Basically because the project is actually a complete gem but as a community we're kinda retarded. The devs are just A class and we're kind of mongoloids so when we come to a biz thread it just looks like we're all paid shills but if you actually jump into the telegram groups they're pretty active and we're normal retards.

>> No.29922639

>>29921621
Check the GitHub all the progress is there. But I understand waiting a little too for final confirmation

>> No.29923074

I'm HEAVY in this one. It's in the "don't not sell" pile, I just forget I own them. I suggest you do the same.

>> No.29923999

>>29923074

Same. My biggest microcap holding.

>>29922639

Apparently a little something new going to pop into the GitHub which will 'help to reduce sell pressure'.

Curious to see what this turns out to be!

>> No.29924168

Sui stack, make it stack?

>> No.29924362

Can I get this somewhere other than uniswap?

>> No.29924577

I will buy this if anyone can actually explain how this token pays to me stake.

Where did the income come from aside from people buying the token?

I either get ignored or shouted down every time I ask

>> No.29924915

>>29924168
100/1000

>> No.29924936

150 dft chad reporting in

>> No.29925177

so should i grab dft or dftpv2

>> No.29925252

>>29924577
Cuz it’s a fucking scam coin bro. Nobody understands how tech works cuz there’s no tech to begin with. It’s gonna become the next asko or the next rubic so you need to be careful bro.

They keep delaying mainnet cuz there is no mainnet

>> No.29925843

>>29924577
Since it is deflationary they either come from the lending aspect (which is not explained at all on the whitepaper) or from other buyers (basically a ponzi). I simply don't see what the business model really is. Anyone feel free to correct me if I'm wrong

>> No.29926880

>>29925252
this guy gets it

>> No.29927361

It's hilarious how quiet these threads get the moment you ask anyone to provide any information whatsoever

>> No.29927669

Gotta be missing half that brain if you can’t understand how undervalued this is. Purpose of the token and anystake has been explained enough. You hold DFT and your favorite ERC20 token (including tether of this bear market remains) and you earn DFT. How’s that so hard to understand? The reward pool gets constantly with every transaction along with a burn leading to a deflationary value. On top of that, there’s much higher fees to unstake therefore reducing quick sells. So much more info to come. You’re a clown if you sleep on this at a 2 mil marketcap lol

>> No.29927958

>>29927669
>Hold our shitcoin and stake your favorite token
>We print DFT to give you for that (even though it's deflationary?)
>There's a reward pool (but don't ask how money goes into it)
>We have high fees so you can't sell
>The only source of money that goes into the entire ecosystem is me buying DFT and paying to stake

>> No.29928200

>>29924577

Sorry for taking so long to reply. Rewards are given in DFT which is collected via transactions. (2.5% of each transaction is sent to the awards pool, 0.5% is burned). There are also staking and unstaking fees.

So far this mechanism has generated almost 70,000 DFT which will be used to provide a kind of bonus on top of the regular APY to begin with.

Basically - you're being given the chance to do something with tokens that you otherwise cannot do much with (i.e. passive income from your link).

There will be greater rewards given for DFT holders who enter the staking pool, and there will be staking fees upon exiting the staking pool. These fees should incentivise people to stake for longer (in order to avoid them), but the fees will be used to buy back DFT fro the open market.

That's about the gist of it as I understand and I really hope this answers your question. The code is undergoing an audit from Hacken currently, which if you can believe it costs like $20k. The team is very serious about this and I think it should be an amazing couple of months ahead.

>> No.29928272

>>29927958

To be clear this will be an entirely voluntary system which people will be allowed to participate in but under no circumstance will people be forced to take part in staking their ERC20 tokens.

Much like posting in threads of projects you don't like, for example...

>> No.29928402

>>29927958
>There's a reward pool (but don't ask how money goes into it)
fees
>We have high fees so you can't sell
high enough to dissuade quick sells, not never sell

>> No.29929464

>>29928200
You seem like a nice enough guy but you seem to have no idea you're in a ponzi.

Staking as a concept is used for a few things: collateral for as a guarantee (slashed if you act in bad faith), providing liquidity for a DEX, or lending. These all provide revenue in some way.

"Fees" from transactions in a closed ecosystem in not a revenue stream. All the revenue comes from people buying or selling which is a pitiful amount. What happens when the rewards outpace the fees? What happens when the rewards get so low that people don't want to stake any more. It collapses.

And that's just assuming you only get DFT. They are saying I can get my native token if I stake something else. How do they pay for that?

>> No.29929782

>>29929464
what about the locked liquidity till december? devs literally cant rug

>> No.29930218

>>29929464

As people unstake due to low fees, the fees generated would increase APY.

Rewards programmatically will not be able to outpace the fees.

DFT will simply provide another option for people who want passive income on their ERC 20 tokens. With no risk of impermanent loss there's little reason not to do unless you are a) happy putting your money in a LP and risk the impermanent loss or b) your token offers native staking.

You can't really hate the team for just bringing you another option for passive income. As above nobody is forcing you to use it but I think a lot of people will.

>> No.29930328

>>29929464
You can remove your staked coins at any time tho anon, and you'll know the fee up front. So if the APR isn't to your liking, simply unstake and move on.

But while the system does work AnyStake appears to be a pretty decent way to stake any ERC-20 for a depreciating crypto asset.

>> No.29930509
File: 133 KB, 1200x1600, F089A497-7197-433F-87C3-A6258C737C88.jpg [View same] [iqdb] [saucenao] [google]
29930509

Anystake is like COVID...just a couple more weeks...

>> No.29931407

I honestly see this ecosystem falling apart cuz There’s just no way that it can sustain itself. You’re gonna constantly need new people to keep buying and staking just to keep up with the people who got in early otherwise it falls apart. If there’s tons of sell pressure, it could end badly. And There’s gonna be a shitload of selling pressure, cuz there were people who were in this since $1. and the second the guys with hundreds of thousands of dollars worth of cash unstake, it could be brutal. It really sounds like a fancy crypto Ponzi scheme where you need people to buy, hold, and never sell if you want to keep the operation running. Maybe the devs figured something out that I’m missing, but it honestly sounds like you need to be a whale with hundreds of thousands of dollars who got in early if you want to make a profit on this.

What happens when the rewards run out?

>> No.29932524

Clown. This project is a 2 million marketcap brining a first of its kind product with great tokenomics. LP is locked so no rug worry. Go buy your shit food coins instead of hatin on this without any research

>> No.29932723

>>29931407
There are three wallets with 100K in them.
One is uniswap, one is locked dev coins, and the other is ONE whale.
Top 50 wallet entry is less that $20K
It's the lowest of the lowcap.
And show me a project without whales you idiot!!

>> No.29933576

>>29932524
>>29932723
Can you please address my points about this being a Ponzi scheme tho? Can you please explain why this coin isn’t a house of cards that can come crumbling down at any moment?

This coin sounds good, but how can it even sustain itself long term?

>> No.29934102

>>29933576

The problem here is we're discussing a product (AnyStake) that not only hasn't been released yet, but we don't have the concrete details of how it will work. It's currently in audit at Hacken.

It's fine to speculate if you don't think it'll work. No problem there. Just don't get involved if you don't like it, just like how I don't buy XRP.

My understanding is that the APY will change based on the revenue generated by transactions. Fewer 2.5% transactions, less interest. More 2.5% transactions, more interest. But I don't know that for sure, that's just something I remember reading on the Telegram.


I think your description of "the entire system collapsing" is a bit hyperbolic to be honest. Also with "ponzi". All you have to do it unstake and you're good. There will be a fee which you'll know about up front so granted there's a bit of a risk there.

>> No.29934470

The sustainability is questionable but you're forgetting that this isn't all DFT had to offer. Defiat is an ecosystem. The team will be releasing more products to bring greater utility to DFT.

>> No.29935174

>>29934102
>>29934470
If we don’t have the concrete details and the sustainability is questionable, then I can’t justify buying this then. If it moons good for you, but I just don’t want to risk throwing my money away as there’s too many scams and money sinks going around in crypto at the moment.

This coin has potential to moon and to really be something if they get everything right but seeing as the devs haven’t even announced a mainnet release, the entire tech of this project isn’t very clear to anyone, and what we do know about the project looking like a money funnel....
I’m waiting for a full release. Give me a full release then I’ll decide