Some tips on how to pool liquidity and help the project grow while collecting BAL + fees and enjoying passive income: >use ETH or one of the other coins to pool (NOT STA), the excess of these coins is sold and STA is bought to balance it: STA price goes up >when pulling out, pull out in STA, the balancer will sell the other 4 coins and buy STA to make up the missing amount: STA price goes up You can use the EASY WAY of adding/removing liquidity to do this.
First: Why invest in a balancer pool? It can be a positive feedback loop of gains. Heres what to do. 1. Find a balancer pool. 2. Add liquidity to that pool. 3. Receive BAL weekly for your % of liquidity X Transaction Fees during your time in LP 4. Sell BAL for whatever Asset you want that’s in the LP. 5. Re-invest the asset you just got from your BAL sell. 6. Increase your % of LP and increase your BAL 7. Repeat Now what Balancing pool should you use? Id recommend STA: Why? It is equal parts STA, LINK, ETH, SNX, BTC. BTC is the gold standard ETH is ultimate use case Chainlink is innovation SNX is DeFi STA is moonshot Deflationary Token
STA TOKEN: It is a deflationary token that burns 1% of transaction. Within the LP the bot balances the pool to be equal value of 20% across the board. How to capitalize. 1. Use this pool. 2. Buy STA when low in price. 3. Add WETH to LP. 4. Get BAL rewards. 5. Sell Bal rewards 50/50 for STA and WETH 6. Pool WETH.
What will be happening is the balancing bot will sell your WETH to balance the pool and thus be buying STA. It will increase the price of the STA after you bought it. Plus the deflationary aspect just holding STA your % of TS goes up. By adding to the pool you increase revenue in which you can use to buy MORE STA and WETH to keep the cycle going.
Owen Scott
all holders report in! comfy 1-10 me? 9.4 the balancer pool is blowing up it looks like, i own a little over 2k in it, what about you?
9.2 I reinvested my BAL, and now I am at almost $3k in the pool
Carter Rivera
Who are these 6k group people that Abu is doing an AMA with? Are they reputable? All exposure is good exposure, I suppose, but i just never heard of them.
Mason Collins
They are a group that coordinates buys of low-mc cryptos. There are quite a few of them so they can certainly help a project if they get behind it
Leo Richardson
If they get behind it, then it is in their best interest for it to succeed, and they could probably help promote it as well, since I am sure they have contacts with youtubers and twitter accounts, etc.
Jonathan Wood
What is this shit I'm hearing sta is getting de listed?
Isaiah Robinson
means 20% of the pool isn't eligible for BAL airdrops, you still recieve the other 80% though, which correspond to the other 20% * 4 tokens that are whitelisted
Evan Phillips
It didn't get whitelisted because they are still discussing the deflationary aspect of it. It doesn't mean that STA as a whole won't get BAL, just that the STA in the pool won't get BAL. So basically we will only get 80% of the BAL that we previously received unless they are convinced to whitelist us
Charles Stewart
Facemelters is another such group that exclusively invests in low MC projects. Has anyone reached out, or should I take the initiative?
Oliver Kelly
I haven't heard of the group but I have shilled STA to Facemelter who is on twitter, though I don't know if they are the same. I would definitely take the initiative just in case no one else has
Alexander Sanders
Take the initiative on this one
Camden Bailey
only that STA itself in the pool won't grant you BAL for the trading, but the other 4 coins in the pool will so instead of the 7% people were getting before, now they'll get ~5.6% (7*0.8) not a real dealbreaker, i don't think
Jose Taylor
So Kyber is still on the table?
Aaron Nguyen
9.1 top 100 holder here
Lincoln Morgan
3.2 I’m the guy that all-in’d at 10 cents
Asher Davis
Why do they care about deflationary side of STA? I don´t see a point.
I really don't understand why. Their argument was a very specific set of circumstances that wouldn't apply to us, only to newcommers trying to game the system which could be easily prevented against. It would require a single entity to hold over 90% of the balance pool in order for their scenario to work, which clearly doesn't apply to us.
Sebastian Price
Yeah, it's the same guy. Okay folks, I'll be shilling STA to facemelters. Long ago in very early june when all the stats on coingecko were messed up, that group took a cursory glance and had dismissed STA as not a serious project but I'm sure with new information, they'll consider. And as a low MC crypto group, they better given where STA is headed in the long term.
Jace Young
fug i'm close to where you were at, at about 8 cents
Adam Morgan
All those days of patience will be rewarded user and it'll be sweet.
Austin Gomez
There seems to be one guy that really wants us to be blacklisted and talks like we will never be whitelisted, but the other people are just saying it needs to be explored more and there is so much going on, they can't make a decision right now
Awesome! I know me and at least on other have mentioned it in their comments several times, so maybe they will give it another look
