WE ARE STAGGOTS AND WE ARE NOT

WE ARE STAGGOTS AND WE ARE NOT
FUCKING
SELLING

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Just got on at 2k
My body is ready

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Sup, Chad Thundercock.

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Dead coin, chinks are just going to keep taking profit any time it starts to take off until people get tired of the struggle towards .50

Currently hodling 1.6k, lets go $5 EOY $100 EONY

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I'M A STAGGOT AND I'M PROUD

40k stacklet....am I gonna make it

Unironically over $400k EOY

What is an index fund?

An index fund is a fund that can track and adjust a specified basket of underlying investments. In this case: BTC, ETH, LINK all balanced with STA (youtube.com/watch?v=QzNhe5Hd0do) [Open].

The rules are that these coins are set in a fund at a specified percent so as one goes up or down the others are automatically bought or sold to balance risk and maximize profit. HOWEVER, the key is that STA is deflationary (whenever a STA transaction happens for buying/selling/pooling, 1% of the transaction of STA is burned). You also are given a % of all the fees paid in STA transactions up to 36% APY and during a run up to 40,000% APY (medium.com/@stateraproject)

The power of STA is that the ripple effects of: (1) compounded fees/locked/pooled tokens, (2) token burn, (3) price pulled up by ETH, BTC, and LINK leads to an exponential effect and positive feedback loop on price.

Can the team dump? No, this is the most decentralized token. Much like how BTC is out of Satoshi's hands, STA is out of the hands of the devs who only own

Let’s assume that for one day every cryptocurrency stays flat except ETH. What would happen?

1. The value of Delta will go up and the 50:50 ratio would be out of sync, ETH would need to be sold and STA bought to keep the locked in split. This causes STA to burn

2.The Phoenix fund is 30% ETH and 40% Delta. It would then need to sell both assets and buy wBTC, Link and SNX to keep the predetermined asset weights. So now both Delta and Phoenix are back in balance, but it doesn’t stop here

3.As Phoenix sold Delta there is a negative impact on the price, but the actual quantity of ETH and STA inside of it didn’t change after point 1. As a result, it would be beneficial to unmint Delta to realise the full value of the underlying assets. This unminting process causes STA to burn. Something like this is generally done by arb bots.

4.But now as some STA has been burnt there is upward price pressure and the inverse of point 1 happens. STA is now sold to buy ETH, causing STA to burn. Initially this may not be significant but as supply decreases the impacts of this will get bigger.

5.Point number 4 means that the value of Delta has changed, which means Phoenix needs to sell Delta and so the cycle goes back to point 2
Please note, that the impacts of point 4 and 5 are probably too small to see this early in the project but it doesn’t mean it’s not happening.

Now remember there is zero chance that ETH is the only asset to move in price for the day. THEY WILL ALL MOVE.

Now think how many indices Statera will be putting out on platforms like balancer (yes balancer will not be the only one).

Multiple index funds on multiple platforms with different pools using the Delta coin.

STA will be the most used coin in Defi soon.

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TL:DR

In simple terms the Burn function of STA is designed to create volume. In a way Statera discovered "Volume farming"