WTF IS HAPPENING? >Thanos has reborn from his ashes New pool consists of 40% Delta / 10% Link / 10% wBTC / 10% SNX Delta is the Uniswap Statera Pool Token
+BAL tokens. 50% of provided liq +also providing liquidity to utilize the balancing - the higher liquidity the more market balance = bigger pool means more token burns i.e increased STA price
How much longer until we stop seeing these generals?
Asher Ward
I urge everyone to read this, whether you're a Statera fan or not. Well worth a few minutes of your time.
I invested in Statera after reading this. Previously, I was on the fence, and had seen too many "revolutionary" projects to last a lifetime.
But this one is different. It's pretty much just basic maths. Worth it for the pool fees & BAL alone, because of the crazy volume which is created by having Statera in a Balancer Pool.
BTW, I'm aware Sta isn't technically in a Balancer Pool any more, but it still reaps all the benefits because of the Delta token, as is my understanding.
Can I get a quick run down on the kind of people that post in these threads? From my understanding most of you are shills from the official telegram or NEETs that got in really early but failed to sell before the massive dump so you constantly make these threads in the hopes of jump starting this token again.
I found it a few days back from a random twitter account. Always looking around for different projects, and the DeFi space is gonna blow up, so Statera piqued my interest. Interested to see how this plays out
Parker Collins
This is like buying ownership in ford when they made the company and cars had no brakes. too early feels good.
Xavier Young
Thank you Ranjeet. Very cool.
Ryan Lopez
ah so they wont pay shit back :D knew it was lost money. There is no legal shit to fill as they could have as well said that they wont reimburse.
yeah if you had to pay out 500k im sure you would rush and half ass it. everyones looking at balancer in the crytpo business. eyes are on them how they handle this. lol Zig Forums who lives at their moms house think they know anythinga bout business aside from fomoo and moooning. think
Elijah Edwards
Folks what's going on in the Telegram and Discord for those in them? Any new announcements we should be aware of? What's it like in there?
You don't just "get" 500k dollars and transfer it without any legal procedures, there is a process for these things so that you don't get fucked by the IRS for example. They can't just transfer such a large amount money to people immediately.
Nathan Jones
So this was just posted by Fernando on the balancer discord.
"Please be patient, we are already going out of the way, using hundreds of thousands of our company's treasury, to cover for a loss that many other teams would probably NOT have reimbursed.
That said, the process is a very complicated one: we need to open an account on an exchange to trade our USD from a conventional bank account to crypto, then we need to set up all the disperse to all hundreds (maybe thousands we still haven't set up the final reimbursement distribution list as we need to redirect the BPT that was held by contracts like Uniswap's pool).
Creating an account on an exchange for a business is EXTREMELY complex and bureaucratic. It takes a lot longer than for a private person. There are many inevitable legal KYC and AML procedures that need to take place. I'm doing MY BEST to speed up these things even if I would much rather be doing other stuff that would add value to Balancer protocol and its users.
So I would kindly ask you to please be patient as these processes don't have clear deadlines, so I can't give you a deadline either. Please let others in the STA community know if you have any channels. We can't give a deadline since the exchange can't also, but we are doing our very best. This will very very likely happen still this year, probably in the next 2 months. But I can't give you any time guarantees."
Cant they use crypto to pay back? exchanges? wtf they have their own exchange on balancer.
Isaiah Martinez
Awful I cannot use that money in investments but a few months will give people some time to revalue the project. Think if airdrop came right away I anticipate it would immediately pump and then dump. If STA gains more traction within this time period it could secure more of the lost money actually being returned... but who knows. Hope it works out.
Jeremiah Jackson
Is Thanos going back for the Infinity Stones folks? >Thanos Power @ Over 60k
This makes it look like they're going to refund the same amount of tokens that were in the pools and not by $ value. Sounds good for us but shit for them is stuff moons. (SNX was like 1.70$ at the time of the hack and it's now 2.5$) Might have to fork out more way more than 400k.
I still think considering they have a fair share of not locked up BAL tokens it'd be quicker to use those to refund, but I guess they're doing all of this by writing it as a loss and not pay future taxes on gains?
Isaac Butler
60k damn son, imagine when 500k gets refunded if people even put 25% of that back in or buy stat etiher way, once balance gets refuned its gonna price is gonna shoot up
Carson Cooper
I'm sure there are those that just want out once they get it. any amount dumped back in will be good im hoping for at least a fifth of it