Old thread maxed out x2 >We never sleep, we never get tired, we never stop.
>Comfiest hold of my life
>Dashboard is coming before the 15th, insider info or calculated estimate?
>Roll out the Staxmas memes
Is he taking stopping, or did he drink himself to sleep partying?
>Dubs are FUD crushers
>Trips don't lie
>Quads are blessed by Thanos
>Quints decide EOY price
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Post by El Professor explaining STA:
>(1/3)
It is the product of modern economics and technology. If you do not understand it, that is absolutely fucking fine because never EVER in the history of mankind could it be done. Not without the blockchain. Worry not though, I am here to explain.
Starting off with basics: market cap = supply x price
As an example, for 5,000 supply at $2 the market cap is: $10,000 = 5,000 * $2
Whenever STA is traded between wallets, 1% gets burnt. Now let’s assume two things:
1- Volume of 50,000 STA gets traded, causing 500 STA to get burnt reducing the supply from 5,000 to 4,500
2- Ignore the demand/price force for STA’s utility (will get back to this point later faggots)
Since we are ignoring demand, the market cap should theoretically maintain its amount.
This burn will therefore cause price to increase:
10,000 = 4,500 x p, which means price should theoretically be pushed to 2.22.
This price increase will cause the STA value in Balancer (or Phoenix) to increase, forcing the pool to rebalance. Rebalancing means selling STA and buying the other 4 coins to keep the percentages as initially agreed upon (50 ETH / 20 STA / 10 BTC / 10 SNX / 10 LINK). Now remember, selling STA will cause STA to be burnt again (supply decreasing), causing a ripple effect: the cycle will keep repeating itself at a decreasing rate, even if no further human-triggered trades happen.
>(2/3)
Now we can talk about STA’s utility: why would people demand STA? What does it do?
Balancer gives back a return of 1% of total transaction volume that happened from all the rebalancing. That 1% on volume does NOT mean you get 1% on what you are pooling. It means the following:
Example: if you are pooling $10,000 and there is a total of $100,000 being pooled, with a 24h rebalancing volume of $50,000, then you will receive = ($50,000 x 1%) x ($10,000 / $100,000) = $50. Your daily rate of return is therefore $50 / $10,000 = 0.005, which means an annual rate of return of 0.005 * 365 = 183%. People called Phoenix’s return a scam because they were THAT high, but it has nothing to do with scams… it is actually STA’s genius.
A lot would be very happy with such return, making them want to pool. You would think that as the pool gets bigger, your portion of the reward gets smaller but remember that when people pool, STA is being transacted and burnt, causing the rebalancing volume to rise and therefore increasing the 1% total reward as well.
Remember, rebalancing does not ONLY happen from STA’s ripple effect mentioned above, but it also happens when the other 4 coins move in price too (which by the way means more STA is burnt).
The Balancer also balances liquidity / fee income demand: if liquidity provider believe they can get higher interest in other defi, they will remove their liquidity from Balancer. But then this leads to an increased fee income to those who have not removed their liquidity (MINDFUCK). Keep in mind all this burns STA as well.
(3/3)
Whether you think it has value or not, no one can stop it. People will want to earn high interest income. Balancer will keep balancing. Statera will keep burning. And the tokenomics in my post will keep repeating itself.
Also, don’t forget all the other pools/farms/pairs/etc… that would be affected by the ripple effect which would naturally cause arbitrage and more burning to happen. Fuck man, how can people that genuinely FUD not see this?
Now we need to include the practical side to theory and all the demand action from wanting to buy and hold or buy and trade. Demand is the reason why STA is currently struggling, so we definitely cannot ignore it. In this case, demand comes from liquidity and volume provided to the pools. The team is fully aware of that, and they outright said volume will be their main focus following the dashboard.
Now I must admit, the only real struggle is volume. The project’s idea is absolutely sound and you are fucking dumb if you think otherwise. Just like I would be dumb for not admitting that volume and liquidity are not currently an issue. But once that issue is fixed, are you willing to bet against a good idea
3st for STAnos
>Post by random user
Statera is NOT an index fund. It is a DEFLATIONARY TOKEN DESIGNED FOR USE IN AN INDEX FUND or BALANCER POOL. The reason for the low prices, low volume and negligible effect on current pools is because there is no widespread or large-scale adoption yet. And like literally ANY technology, it doesn't matter how innovative it is if no one uses it.
In an ideal world of MASS ADOPTION, STA would be widely used to ADD POSITIVE PRICE PRESSURE to index funds and the crypto market as a whole via its burn function forcing pools to REBALANCE UPWARD for the CONTINUAL DEFLATIONARY INCREASE IN STA PRICE. An effect which would RIPPLE through ALL STA BASED ECOSYSTEMS due to the sheer amount of trades/burns being actuated at once.
And that’s not even accounting for changes in other pooled asset's prices, which REBALANCE STA and BURN EVEN MORE.
Do you see why this token could be a total game changer now?
Nth for based Phoenix
Based threads are back finally
user Ive bought STA and damm, its hard af holding it. The cringey telegram community, the shitty threads on BIZ, and all the dumping etc. Luckily for you guys I hold Statera on a hardware wallet thats out of reach, so I will ride it down to zero with you guys.
Some genuine suggestion, when wont there be a group staking effort. Like we all decide we will stake around a similar time. Lowering the supply of the token and actually burning some of this shit tokens.
What is the difference between pooling in phoenix vs delta in terms of % returns? If sta moons, which one would be better for higher returns to pool high in?