Am I crazy?

It feels like I'm on crazy pills with how hard this is being slept on.

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Not going to be much significant price movement until at least the first month of staking is done.

Remember to cash out anonymously when you have made it by using the Dether app - dether.io/

Who gives a fuck about this shit

What is this, crazyman?

Welp I mean anyone who wants a portfolio that will make them 20-30% returns per months thanks to the index balancer pool

And don't worry OP, you won't see posts about Meridian until the staking period is over. By that time, their new dapp will be out and it'll be heavily used. Price can go sideways for all I care until September, holding a bag that will make me rich

what is this?

meridian-network.co/

A DAO that's creating revolutionary dApps, like the first decentralized crypto-index fund(s). At least 3 dApps on the way and the 1st one is beautiful.

price will moon because of the unstake burn?

I'm making much more $ staking lock than I expected. About $150 a day at current prices and staking 60k LOCK.

Feeling same, mc only like 1-2m for project this solid? Truly feels like a dream come true, time to accumulate some more kek

Crazy people make money
Imagine holding BTC and actually believing in it the past 10 years. This shit will be a top gainer. Get some TRB and KLEROS too

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No, most tokens in circulation are currently being staked. So with the unstake fee, it's uneconomical to unstake now. It makes most sense to stake for the whole 2 month period, then take the 25% unstake fee; you will make a gain between 50-80% more LOCK than you started with (depending how often you re-invest the dividends, which costs gas).

Once staking is over, you suddenly have 90% more liquidity than before, which will lead to a lot of whales and fish shilling this to no end. Add in the balancer pool dapp, which is just a fancy community-run index fund, and it's essentially a rocket to Mars

It's remarkable how well the team planned the staking period and initial dApp releases.

Would it be worth it to start staking now? or just hold until the dapp release? then sell and buy back in?

Yes it's still worth it to stake, even if you started in month 2 (mid-August). Month 1 = 1% daily dividends, 15% unstake fee. Month 2 = 1.5% daily dividends, 25% unstake fee. So what a lot of people will do is stake for both Month 1 and Month 2, then take the 25% unstake fee hit at the end

I know! It's been planned to perfection, they really want the early adopters to be rewarded well for believing in the team

Nice try, won't work...

Ok, pretty based, glad to see mature shill who drops his holdings but also supports project in thread, rare sight

Meridian is a protocol for creating STA like pools, and that is just the dao’s first dApp.

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How? Where do the returns come from?

Actually sounds good, gonna dump some ether into this

Fuck this ... i am already priced out.. i better look for another scam shitcoin ..

Their balancer pool dapp (releasing this month) will be community-goverend. It's an index fund (think: S&P500). Therefore, the community will continuously be adjusting the portfolio for the best returns. It is a safe haven for people who don't want to be active traders or want to control risk

I say it every time someone posts, but this shit is so fucking comfy jesus.

You realise this is a ponzi scheme because it doesnt have an actual function right?
I mean you have to be a retard pajeet to buy in this late- you're just asking to get scammed

From gains in the voted in assets
I'm pretty sure he is just estimating the ROI in the assets, everyone will have incentives to pick the best assets because there will likely be LOCK in the pool too so if tokens are going up it will be buying LOCK from the markets and burning it at the same time. The project is gonna go parabolic desu. I'm a top 70 holder.

my best play of 2020 so far. bought in at average $0.03. staking is netting me like $600 neet bucks a week. no idea why biz is sleeping on it.

i love ponzi fud, keeps the low iq tards out of making $$$

retard here. So are these dividends not automatically staked? I have to pay gas everytime i put them into the pool?

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yeah, i usually wait 3 days or so. missing out a bit of compound but cba to do it daily and spend on gas

Yes if course thats always the case

Because getting in at 10x that price is not nearly as attractive, especially when it will be a month at least before any price movement

Yeah, just make sure it's worth it before you re-invest as gas is expensive atm