Redpill me on statera

It took me a few weeks to get it so don't worry. But as the one user here said once you get it you REALLY get it.

Essentially STA is inserted into a liquidity pool. The balancer keeps the liquidity pool in perfect balanced ratio. So if one of the tokens go up, it will sell that token to buy the others so that the growth is steady. So you believe in crypto to succeed then you believe in STA to grow. Also, everytime STA is involved in a transaction (sold/bought/ratio corrected by the balancer) it will burn 1% of that STA, creating deflation and more volume. Now if the demand remains the same or grows, price WILL increase due to deflation. Any of the balancing creates volume which creates more fees.

But what if STA dies and has no volume you say? It does not matter, because the Statera involved in the pool means that volume is also counted for everything else in the pool, so eth btc link snx. Do you really think these will have no volume?

As pool integrations grow, so do arbing opportunities creating more opportunities and more volume -> burn + fees. You could literally be the only one running the pool and get enormous returns. That's why many of the top wallets are buying more. Because if STA goes up in price, the APY from the pool will be absolutely insane. It's not a regular hold and sell.

Of course there is much more to this, but this is the basic idea.

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This pasta is not really that valid since it needs trading volume on Uniswap for burn, and so does not present that much arb opportunity on the Phoenix pool

Thanks for your reply

Bought at .45 because biz was shilling it. Still waiting for the “1.000$ eoy”

Failed project

So is nobody pooling it just now? If this is true, wouldn't the price be constantly rising already?

$1.38 EOY

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If crypto wins, Statera wins.
It's really that simple.
A Balancer Pool containing 500k USD was exploited, through no fault of the Statera team.
Balancer then gave in to pressure and refunded 4/5 tokens.
Statera's Dev (Scott Botha) refunded the remaining 1/5 out of his own wallet. A thing he didn't have to do whatsoever, but did anyway because he believes in the project, and the amazing community.
At the time, the Devs refund was worth around 3 to 400k USD.
Where and when in crypto land do you ever see that?
Statera gets FUDDED to death for the exact same reason Link did for years - it's a winner, and will absolutely blow up in a few weeks time.

>inb4 tranny coin scam Nigerian bagholders cope, etc.

Phoenix arbs 4 different coins also.

Not the next link by any means
Keep dreaming

Because of the switch to uni-v2, you are partially right and partially wrong. The burn does take place on uni from sta-whatever trades and sta liquidity pooling/unpooling.

Before, burn was directly tied to sta price. Now, it is also tied to eth price and sta price disparity.

Depending on the price of uni-v2, eth going up or down, as well as sta going up or down (as long as they're not exactly opposing each other in movement) makes arbitrage possibilities with uni-v2. Buy uni-v2 and convert to eth/sta to get more eth/sta than the uni-v2 value. Or sell uni-v2 and rebuy sta/eth as to get more sta/eth for the uni-v2 value. Those are 2 arbitrage trades that are possible. Then there is uni-v2 price on balancer vs uni-v2 price on uniswap that bring the balancer fees. There are probably also other uni-v2 related trades you can make that will create burn, but yes, the balancer volume is not tied to sta burning anymore. It comes from minting/unminting delta, which is an arbitrage opportunity in itself.

Yes but the lack of burn on the Phoenix pool limits the arb opportunities to the movement of the four tokens, as opposed to a burning token accelerating it.

Tranny scam

I'm in STA and I don't think it's the next link. It's 10 percent of my portfolio, and I do drop gains in it every other week or so. The pooling is attractive with the APY, even if it crabs forever, getting a guaranteed thirty plus percent is great. Plus, if you do LP, you can choose to take your rewards in LINK, which is what I'll do once the normie (and brainlet) friendly dashboard is public. My other biggest hold is LINK, got a 10k suicide stack when it was 28 cents (average) and stopped coming to Zig Forums for a while. Just started returning and posting when I saw my stack hit $20k, now trying to leverage the extra buying power into something else, and so far I think STA for the passive gains and Fantom for the 2-5 year 50x potential

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What stops me from doing a diy index fund and just buying link, btc, eth and whatever garbage this statera includes

Schizo or forgot to change IP?

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Nothing

So token is literally not needed

Correct

Inb4
>1.38 eoy is fud
>just wait for the dashboard
>did you even read the whitepaper
>wow so many 1 post with this id fudding
>wow you've made x posts to fud this coin you don't even own why are you so obsessed
>it's deflationary burn token it can only go up
>it's an index fund it can only fail if crypto fails

Or any other npc cope from bagholders

Having a deflationary token inside an index fund creates constant volume, which in turn creates fees.
It's a really simple idea, which has never been done until now.
So, the token is very much needed.

I'm looking forward to the day when statera pumps.
This whole board will be full of sta threads. It will be glorious.

Tl;dr I don't understand crypto