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

/biz/ - Business & Finance

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30259225 No.30259225 [Reply] [Original]

statera nigga
i cant wait to dump this shitcoin

>> No.30259412

what an absolute mess. "march madness" HAHAHA fuck all you faggots. enjoy the bags

>> No.30259621

>>30259225
ok dump and burn more tokens

>> No.30260461

i am all in statera

>> No.30261484
File: 56 KB, 728x508, imgbin-pepe-the-frog-internet-meme-autism-meme-YPidL4KcVLxAV0fY1iGr94Pq3[1].jpg [View same] [iqdb] [saucenao] [google]
30261484

>I didn't 10x my money by arbitraging between STA and wSTA.

>> No.30262389

I think this thing is completely dead now. Just us bag holders left.

Anyone checked the top 100 wallets recently?

>> No.30263483

>>30261484
This and then just pool profits and enjoy bullrun with extra BAL tokens comfy:3

>> No.30264202

https://www.youtube.com/watch?v=X0qLz96HBog

Hardforking just dropped a video. Unpaid. Let's go

>> No.30264265

>>30264202
literally who? rip sta bagholders

>> No.30264433

>>30264265
Ngmi

>> No.30264561

Woooo

>> No.30264929

>>30264265
around 1-2k views on their videos.. not bad for a video that statera community didnt pay for

>> No.30264964

>>30264929
so this is what we celebrate nowadays. this shitcoin is so dead lmao

>> No.30265089

>>30264964
Statera nigga seems pleased

>> No.30265179

It took me a few weeks to get it so don't worry. But as the one anon here said once you get it you REALLY get it.

Essentially STA is inserted into a liquidity pool. The balancer keeps the liquidity pool in perfect balanced ratio. So if one of the tokens go up, it will sell that token to buy the others so that the growth is steady. So you believe in crypto to succeed then you believe in STA to grow. Also, everytime STA is involved in a transaction (sold/bought/ratio corrected by the balancer) it will burn 1% of that STA, creating deflation and more volume. Now if the demand remains the same or grows, price WILL increase due to deflation. Any of the balancing creates volume which creates more fees.

But what if STA dies and has no volume you say? It does not matter, because the Statera involved in the pool means that volume is also counted for everything else in the pool, so eth btc link snx. Do you really think these will have no volume?

As pool integrations grow, so do arbing opportunities creating more opportunities and more volume -> burn + fees. You could literally be the only one running the pool and get enormous returns. That's why many of the top wallets are buying more. Because if STA goes up in price, the APY from the pool will be absolutely insane. It's not a regular hold and sell.

Of course there is much more to this, but this is the basic idea.

>> No.30265250
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30265250

>>30265179
I remember this thread, I was the "one anon" this pasta is based off. I dumped my bags because the team didn't capitalize on first mover advantage despite months of promises, sorry guys

>> No.30265360

>>30265250
Faggot larper I was the one who wrote it and I’m still around. I did it whilst drinking morning coffee

>> No.30265399

>>30265250
Ah sorry I’m retarded. You meant the guy I was referring to, “one anon”. My bad.

>> No.30265415

>>30265360
I'm caius cosades on tg if anyone remembers me, no larp. Moved my bags into chainlink and haven't regretted it. Don't care if you believe me or not

>> No.30265436

>>30261484
What?
I news more info about this

>> No.30265471

>>30265179
Also this is a very basic take on statera. The beauty in it now lies with the arbitrage opportunities between sta/wsta, the potential which is currently severely surpressed by eth gas fees

>> No.30265563

>>30259225
Well one things for sure. the next pump wont be initiated by biz

>> No.30266392

>>30265436
You don't know about wSTA? It's been around since December. It was created so that we could have pools on Balancer. Read the whitepaper yo understand it. https://stateratoken.com/docs/Statera_Whitepaper.pdf
Join tg for more explanation. t. me/ stateratoken

>> No.30266436

>>30264202
Holy shit, they finally paid a big 5k+ youtuber!
$10 EOM
Screencap this

>> No.30266861

>>30261484
Do you wrap for arbitrage or do you just swap them on uniswap?
How much STA you working with to make it feasible with curent fees.
>t. top 50 holder brainlet

>> No.30267392

>>30266861
You do whatever is cheapest at the time.

>> No.30267546

>>30266861
If wSTA price is higher than STA you wrap your STA and swap your wSTA for STA to grow your stack. If STA price is higher than wSTA then you unrwap your wSTA and swap your STA for wSTA to grow your stack.
>How much STA you working with to make it feasible with curent fees.
That depends on the price difference between STA and wSTA. I have 40k and I need 5% difference to make profit right now. Back when gas fees were 20-30 gwei I was able to make profit when the difference was above 2%.

>> No.30268153

easy 100x

>> No.30268323

I dumped a load and bough MDX.

>> No.30268913

>>30268323
nobody wants your shitcoin gtfo this thread

>> No.30268937

My bitcoin is down 25%, but mochimo is up 100% already :)))