Did this already bottomed or going to dip ever further? I keep hearing that it's the bottom but each day it keeps going lower. Not sure if it's relevant that much now after arbitrum launch. Some say that xdai is too complex to use for average user so it will not gain as much adoption thus the price will stagnate. Looking for high IQ anons opinions.
Should we invest in xDai Stake at such prices or skip it?
you tell me
TVL increases, price keeps dumping. Insane.
Yep and pair this with the fact that the market cap is minuscule for what it is and you should come to the conclusion that the market is being irrational right now.
skip it
>Should we invest in xDai(tm) Stake(tm) fellow anonymous posters?
Metamasks most requested feature of all time on their forum is to add xdai network. Yet they havent done nothing for months, not even a single comment on it.
No relevant exchange has listed STAKE.
Reddit has delayed the bake off announcment for months.
Honeycomb offers 300% APY. Barely any new money comes to the network.
Coingecko hasnt even listed HNY token nor exchange.
Every youtuber says they "absolutely love xdai" while price continuously dumps.
Multiple legit projects have migrated to xdai.
Still dumping
STAKE IS GAAAAY AFFF
Tongue my anus plz
It lost a lot of it's hype due to the circumstances of the btc value slumping, the leddit competition results being delayed and new challengers emerging in the form of optimistic roll ups. Though it will begin to regain the hype slowly as more projects move onto the chain.
token not needed
No doubt hundreds of people are buying STAKE rn, meanwhile the Russisn devs are dumping every day from their massive inflation stacks.
They probably make more money per day than their hometown put together in a year. Their stiffrods are wet just thinking about the possibility of permanently moving out of their shitholes to London. An buy some krokodil in the meantime.
So you're saying all these bullish things are happening yet the chain reaction to send STAKE to the moon hasn't been set off yet? Isn't that a huge signal to buy?
UNI token isn't needed, doesn't mean there isn't value in holding it.
Baseless FUD
UNI controls votes
STAKE only allows users to collect fees
please calculate the network fees right now and tell me if its worth it
20k for validator 1k for delegators how is that not needed?
Retard, tongue my bumhole plz. Bridgefees and blockrewards are the future value drivers. Every +70 IQ STAKE holder knows tx this is not about the tx fees.
Staking for everyone was delayed though. Russian devs are drinking vodky and listening to low quality rap music right now.
>blockscout.com
i don't know user i think tx fees is starting to look juicy after looking at validator balance.
OMGNetwork is better.
That is what I just said. This is not about the tx fees and never has been.
Slurp all the runny brown discharge from my hole. STAKE should not be dumping this much. Russian devs are buying yachts in Italy at this very moment with their dev funds.
STAKE is trash, don't understand why you idiots don't get it. the fees generated by the xdai network are waaaaaaay to small to generate enough valkue for stake. daily fees are probably a few hundred bucks lmao
All bad things aside, Im farming $150 per day in Honeycomb though. If no more money comes to the xdai network, this APY is going to stay for at least a month lmao.
wow you just proved my point
$120
so right now 120/3million stake earn you 0.00004 per stake in rewards per day.
fucking amazing incentive friend. this is why nano died.
on top of that the bridge fee argument is retarded because it's theoretically a one time cost. the entire argument for xdai is getting on it and staying there. im really sorry im the one to have told you this. its not even fud, but the network is not at all profitable for token holders. prove me wrong.
Ok, for example, say you are on Ethereum and want to make a trade on a DEX. Instead of swaping on Uniswap, its cheaper to pay the bridge fees and swap on Honeyswap and then come back to the main chain.
You can go there and stay, but most will just bridge in, use their wanted dApp and bridge back out. Instead of using a dApp with high smart contract txs fee on main chain.
Only relevant dApps there are Honeyswap, some DAOs, POAPs and some NFT thingy. New projects have been migrating every other week though.
Bridging is a pain in bumholo atm as you have to do it manually. This will be automated though. Either by xdai devs, the dApps themselves or by Metamask. Or some new project team.
>High IQ only
> Did this already bottomed
kek.
I feel most people still dont understand how L2 solutions work. The value comes from getting on and off of it, txs on L2s are supposed to be cheap once you are in there.
xDAI offers full EVM compatibility and thus full smart contract possibility. This is something most L2s dont have or only partially.
no one is doing this or will want to do this. liquidity is too low on uniswap and thus price fluctuations even for a small trade and lack of liquidity would likely result in a poorer trade
this is assuming the person has thought about how it's cheaper to bridge, trade, exit.. id assume they would've thought of what i wrote above as well and realized saving like 3 fucking dollars isn't worth the time.
in time? maybe. so far i see honeyswap isn't really that great, and its just a place to buy honey tokens.
not hating on xdai itself but the stake token value is worthless when you consider what you're getting from network fees. and given the inflation rate for stake holders you would be incentivized to dump driving the price down
i geuninely see the price of stake being only a few dollars max
economically speaking no one has been able to refute this
>fees from bridging or tx are too low to support a meaningful income
>stake generates stake
>essentially relies on altruism as theres no economic benefit to holding stake
literally nano level economics
why the fuck are you only count txs fee? what about potential interest and block reward?
>blockscout.com
here this block reward worth 371 xDai.
>Validator Reward 371.07 xDAI
correct me if im wrong but validators are people who hold 20,000 STAKE
at current prices thats $242,400 of stake
to put this in perspective, $371 is only 0.15% of the value of the stake the person is holding.
a 0.15% fluctuation of the price of the volatile asset is absolutely meaningless.
this $400 is not going to the little guys, its going to the biccbois
again honestly just waiting for someon to simply map out exactly what the economic value is of holding stake
please do not just paste links and shit
say i hold 1000 stake how much am i getting to protect the network per day/month
That's the whole point of L2, low tx fees. It's all about the bridge fees.
If you are going to wait until 100s of dApps move there and DEX liquidity there is comparable to main chain DEXes, then you would be too late. As with almost all crypto investments, this is a speculative investment.
And again with the network fees. Forget about the tx fees, it is a L2 solution. If you start talking about low tx fees again, you are confirmed a troll.
At most a medium term play. Security model is EOS tier, better sidechains incoming.
There are no better sidechains, nor will there ever be.