$0.50 ATH Weekend Edition
Statera General - /STA/
Dominic Adams
Anthony Thompson
MANDALORIAN will kill Statera user.
100x incoming.
Engage hyperdrive
uniswap.info
Jack Jenkins
This is your last chance to get out of this PND, user. STA is going back to $0.05 in the next 24 hours. Just a friendly warning, good luck.
Ryder Rodriguez
why would i buy something that went up 6x already
are you a bag holder sir?
Dominic Smith
Prices go up and down, kid. Don't want to buy STA? No problem, move on.
Isaiah Cook
I AM SO FUCKING READY
James Hill
STA will be an excellent investment once it goes back down to
Elijah Collins
-80% dump coming very soon.
Jose King
Any gangSTAs?
Ayden Martin
You do realize your not 'anonymous', right? Samefag you're yapping in every thread here.
Sebastian Flores
Reporting. Wish I bought more at 0.10 to put myself in the next tier. It's a weird feel seeing my portfolio go up and down by thousands of dollars.
Nathan Foster
>Wish I bought more at 0.10 to put myself in the next tier
this
Alexander Johnson
I can at least be happy that the other assets I'm in are showing a lot of promise as well so the ETH I would've taken out of them may still turn quite a bit of profit.
Austin Butler
>tfw STA stack already worth over 100k but still hurts so bad to lose $1000 elsewhere
Kevin Gomez
i want to believe
Juan Rodriguez
Of you go copy-paste shitskin...
Bentley Foster
STAstronaut checking in
Statera's supply will go under 87 million today
Refund starting today
Comfy level 10/10
Julian Rodriguez
Brandon Gray
should I buy more now? I don't think it'll go lower that 0.20 anymore
Austin Jackson
What is the roi of the balancer pool just now, anyone got a screencap? I can’t change the excel values on my phone lol
Xavier Nelson
even if it does I'm not selling. I held all the way through that first ath and up until now, idgaf anymore. I'm in profit anyways
Samuel Wood
It's hard to say, but I'm thinking the same thing
Once the refund happens there's a solid chance that we hit a new ATH
Lucas Gray
I'll keep an eye out for any last whale dumps pre-refund, and maybe have a bit on hand incase the refund causes a dip.
Brayden Parker
550% ROI
That doesn't include BAL airdrops, either
Matthew Roberts
Fucking A. Ty
Isaac Williams
Yea it’s insane the pooling benefits that combined with token burn and this thing is on a clear cut moon mission
Charles Murphy
Yes, if a lot of refunded STA goes to the eth/sta pool that could cause a dip; but there would be a lot of movement, so maybe minting Delta would be a better option to collect on fees.
Nathan Reed
Do you have a link for that spreadsheet?
Jose Phillips
docs.google.com
just make a copy of it
Chase Stewart
You also need to fill in the liquidity and daily volume
Isaiah Morris
can't wait for the cease and desist from Disney. they don't fuck around.
Alexander Long
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
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
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
Daniel Watson
True, but remember that only 20% of the refund will be in STA. The other 80%, if pooled, will increase the price of STA
If I was getting a refund, I'd hold the STA and pool everything else. My guess is others have that plan as well
Hudson James
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"