Just received my first LINK dividends having bought into LP yesterday.
Feels comfy knowing the dividends will take off over time and I will have access to premium nodes with limited LINK supply. Staking returns will likely be 10-50x what the likes of coinbase offer, if coinbase even do offer staking.
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Cool now fuck off newfag
So you received 0.001 LINK?
Congrats user
LP has virtually no skin in the game, and their amazing staking system was set up by one guy... I think somehow coinbase will be able to compete if it ever becomes necessary.
That is pretty based user, just think about how few we are and how limited the supply actually is...
0.4 LINK
And it gets paid biweekly.
And we're just getting started. You just know that Linkpools revenue is only going to be on the way up as chainlink achieves adoption, not to mention their ethereum staking.
The LinkPool shill threads over the past couple of days have been pretty irritating. And I say this as one of the 186.
So how much LP did you buy? 1 LP? Lmao you could have had 2500 links for that you fucking idiot
>I think somehow coinbase will be able to compete if it ever becomes necessary
Thinking coinbase staking rewards will be anywhere near LP shows a fundamental misunderstanding of chainlink economics.
Let's just say for a moment that coinbase manages to copy LP and have similar nodes with a similar amount of revenue.
How many people will be looking to stake on coinbase? Most likely tens of thousands. And what cut will coinbase take from the staking rewards? Likely a very large cut. 50-75% I'm guessing. People who stake on coinbase will be doing so because they have no other option, and if coinbase does end up running nodes you can bet that they will be taking most of the gains for themselves. It doesn't matter if people complain, supply will simply exceed demand by a large margin no matter how much coinbase take.
Compare that to Linkpool where they have said about 75% of staking rewards will go to chainlink stakers. The remainder will go to Linkpool, which if you own LP tokens you will also get a cut of.
So we're talking about 10s of thousands receiving about 25% on coinbase vs 600 receiving 75% on LP... which means Linkpool staking will likely rewards 10-50x what coinbase does, if not more.
And this is all under the assumption that coinbase can just copy Linkpool and match their success, even though Linkpool are the largest chainlink node operator and have been in the game since 2017.
>No skin in the game
If there's ever any downtime, LP will pay the penalties, the stakers stack will be guaranteed 100%. I think that qualifies as skin in the game.
>Set up by one guy
Yes, and then extensively audited by multiple audit companies.
Coinbase will cand can compete but that does not mean LP is not the best link staking pool out there. Coinbase will attract the convenient dotards that don't know shit about crypto.
I'd rather have 15k LINK that I can stake in the best nodes around rather than having 17k LINK that I can't stake, or can only stake in lower quality, oversubscribed nodes.
I wouldn't be surprised if the LINK dividends + extra staking profits from holding LP eventually pay for the LINK I have sacrificed to buy LP.
if you're interested who is following who, coinbase literally copied jonnys design for their staking dapp
pretty sure LP will do just fine
Five words.
PASSIVE
INCOME
FROM
THE
NODES
Are you finally starting to understand, NoLinkers?
Thinking of buying LP instead of link from now on, already got 16k link. Good idea?
Also i just checked and you didnt buy 1 lp yesterday you fucking poorfag. You bought 0.04 LP and probably got like 0.007 link as dividends lmao
I would say building up to 1 LP would be a good idea from here. It'll let you start staking from day one which will let you passively increase your LINK stack. Bear in mind the 350m for node incentives. LP will probably be getting a large cut of that. It has the downside of diluting current LINK holders in order to benefit the eco system, but if you hold LP then you can avoid being diluted by being the one benefiting from those 350m.
Lol you know the same person can execute multiple orders, right? Calm down, kid
I thought yesterday was the 6th kek
You know you all sound like foreign call centre twats.
LP only has reputation with chainlink obsessives, they have lots to gain and barely anything to lose. Coinbase has a lot to lose. That is REAL skin in the game.
Still didn't answer how much LP you have. None of you fuckers ever give a number. Can anybody give me some goddamn numbers? How much LINK do you get, today, from owning a certain amount of LP? I'm unironically tempted to buy but the fact that nobody provides this makes the whole thing seem shady as fuck.
Anybody think they'll make LP a tradable ERC-20 at some point in the future?
I got 0.04LP and got around 0.01 LINK bi-weekly
I have 1 LP and it's ranged between 0.3 and 0.5 LINK per distribution.
Also. Check this contract which send link to all LP holders. Then copy the holder's address and view on stakeing.linkpool.io (they support view-only mode)
And there's 8 distributions per month?
So 4 Link per month. 48 per year. For a share that costs around 1800 Link. 2.6% a year. Wow. doesn't seem overpriced at all.
Top kek.
It's 2 a month, so far more overpriced currently, yes
No it's 2 distributions per month. You're a retard if you think the current price is based on the current distribution earnings.
I own 13k link and 0.52 LP, should I buy more LP?
Doesn't bi-weekly mean once every two weeks, so 2 distributions per month, which means an even worse divident percentage?
1LP to stake 10k link
Yes, LP has the potential to earn hundreds of millions in the future. But if I was a fudder I would say no and that you should even sell your 0.52. I will never understand people asking these questions. What the fuck kind of answer do you think you will get?
>too stupid to understand sentiment mining
Official info is pic related. So 10k per LP during the FIRST year. So probably more than 10k per LP after.
To add to this, 10 million link staked on linkpool would add up to 1% of total supply of link. I think linkpool will capture 2% of the market easily over the years, that would mean 20k link per LP
>Sentiment mining
Yeah sure good luck when there's no one that answers your fucking question. shut up
