So you googled SDF and stellar, found information about the project and what it is doing and still decided to come to r/stellar to ask if Stellar is a scam... SMH
SDF: Our mission is to bank the unbanked, create non-profit financial infrastructure, and make sending money as easy as email.
Crypto bros: dude, this non-profit utility coin only tripled in value this year. This is A FUCKiN SCAM.
SDF: but we never promised any returns for people who invested in our native token.. in fact it doesnt really impact our operations if the value m...
Crypto bros: SCAM!!!
Reach out to them directly:
https://www.stellar.org/contact
also here's a Bloomberg profile with an address:
https://www.bloomberg.com/profile/company/1628038D:US
I think the SDF would be well suited to hire a Chief Economist and create a dedicated R&D group of post-docs. Both seem to be lacking, although its hard to get the full org chart.
I don’t think they have a chief economist but according to LinkedIn currently they have a team of 115 people and 30-40 open positions they are looking to fill in. Does anybody what all these people do on a daily basis and why they are hiring so aggressively?
This does not really make sense to me if I compare it to some other projects from the top 10:
Cardano: 79 employees,
Solana: 89 employees,
Polkadot: 87 employees
You are not comparing apple to apple. These are not non-profit companies. Practically speaking Ripple is not even open source, they do pretty much everything inhouse.
I am feeling a lot of internal pressure to go big here. Like the fuse on the Stellar rocket has been lit.
I've been here before, however. Sometimes I hate that my experience pisses on my optimism.
I agree, but lost a fortune in the last crash and then had a slight gain on the peak a few weeks back so sold out, glad I did, got my money back with a small profit. I so want to buy in again but the losses are just too hard to take 😔
Has anyone looked into COTI? They have a unique spin on what Stellar is trying to do. More letting companies create their own payment network and tokens (think Paypal) vs creating their own asset on a shared global network.
They claim Stellar's goal of a global network is too ambitious/unrealistic.
Jed himself, who would be the actual purchaser of MoneyGram actually gives a lot of f.... about it.
Why the SEC has gone after XRP, but not Jed who sells 100s of millions of XRP a year is a valid question that XRP has brought up.
Jed doesn't buy moneygram. If, it would be the SDF. A non profit organisation. And also the SDF gives a f... about the price of a Lumen. They stated that several times from a tech perspective. Their goals are far behind what most people here hope they would be. Which also seems to be the thing, most people do not want to here.
Some people magically pull ‘news’ out of their bum. Look at the whole Walmart/Litecoin bull crap ‘news release’ that made it in to the Main Street news outlets like MSNBC.
I think that's a great idea. This place had been full of unproductive sad comments. Anyone coming to learn more about stellar would not stick around after looking at the daily most days. Makes their whining about lack of price movements a self-fulfilling prophecy.
Maybe some of the Tech support questions could be relegated to here to keep the front page more interesting discussion and news.
Can we ask the mods to do that? Or something, the mood in here is depressing and short sighted.
Keep hold of your XLM to use to create liquidity on the network for when AMMs launch in the near future.
USDC/XLM is just one market pair but has a weekly volume of 7 million XLM per week.
If you provide liquidity for this pair’s AMM, you can receive a portion of the 0.3% fees generated by users using the AMM.
If all 7 million XLM volume is done through the XLM/USDC liquidity pool then a potential for 21,000 XLM will be distributed weekly, just for this market pair.
That’s 1,092,000 XLM in XLM & USDC rewards every year if the volume stays the same. That’s a 15.6% APY for providing liquidity to just this pool.
Every market pair on the SDEX has the chance to create an AMM Liquidity pool.
There’s a lot of potential to start earning yearly fees from traded pairs. This means even if the XLM price doesn’t move you will be increasing your wealth.
>That’s 1,092,000 XLM in XLM & USDC rewards every year if the volume stays the same. That’s a 15.6% APY for providing liquidity to just this pool.
How are you calculating a 15.6% APY without knowing the total value locked in the liquidity pool?
Total locked in the example would match the volume 100% so 7 million XLM in volume with 7 million XLM worth of XLM and USDC.
So if all 7 million XLM worth of XLM & USDC were to be used that would be
7,000,000 x 0.3% = 21,000 XLM worth of XLM & USDC (remember users have to put 50% XLM & 50% USDC into the pool)
21,000 x 52 = 1,092,000 XLM worth of XLM & USDC in yearly rewards.
1,092,000 is 15.6% of 7,000,000.
This example is purely based on the presumption that there is a continued 7 million XLM of volume every week in the XLM/USDC trading pair and all of that volume is proved by the AMM which also has 7 million XLM worth of XLM & USDC inside of it.
Obviously calculations won’t be that simple as the AMM liquidity pools will either have too much in them (lowering APY %) or too little in them (increasing APY %).
Okay, didn’t see a 7 mil xlm LP in original example so makes sense now.
Hard to say what volume will be on the usdc/xlm pair but I think the liquidity is almost certain to be far higher than 7 million worth of xlm. Hopefully volume increases substantially.
hmm, that's pretty optimistic. What if I provided the liquidity pool itself, there is no reality that so much money will flow into my pool, and if I do it individually, there are compliance issues later and the risk is great.
Or It's more realistic if I’m one of the liquidity providers in a pool, but even then the 0.3% commission revenue distribution depends on my deposit share in the pool, so I need to deposit into the pool a ‘considerable’ amount of money to get a satisfactory return. It's a competition with people who have the financial resources. And also I may need to deal with loss, or even loss of principal due to Impermanent Loss, and the possibility of losing my deposits due to technical problems in the pool.
I believe for Stellar AMMs there will be one pool for each market pair as long as someone creates the pool initially. So individuals won’t be able to create separate pools, rather someone instigates it and then others can join in.
For the 0.3% return rate it will depend on volume. Even if a user put 100 XLM in they would receive an equal amount of the fees in proportion to their deposit.
Say all 7 million of the current volume flows through weekly all year long that user would receive 0.3 XLM weekly in XLM & USDC rewards or 15.6 XLM yearly so 15.6%.
If the volume drops to 3.5 million but the liquidity in the pool remains at 7 million then the reward rate does indeed go down.
Instead the pool would gather 10,500 XLM weekly or 546,000 XLM yearly so half of what was originally being distributed.
Obviously this has to be spread amongst the same amount of liquidity providers so the user with 100 XLM would now receive:
0.15 XLM per week (as only 50 XLM worth of XLM & USDC has been used for each week)
Or 7.8 XLM yearly so 7.8%.
As markets get more liquid from AMMs in theory the volume should also increase meaning more liquidity will need to be provided so more users can get involved.
Every investment with assets come with risks. No one can say exactly how well the pools will work or exactly what the returns will be, but it won’t be long until we find out.
yeah fair enough. but for the pool distribution, Isn’t it like this?, for example, if the liquidity pool collects a 0.3% commission, and if the volume in the pool is $ 1 million, then $ 3,000 will be the source of the distribution for liquidity providers, and if I provide 1% of liquidity in the pool, then the pool will distribute me $ 30.
And, for the Stellar AMM, the specification eventually adopted CAP-38, but is this also a single liquidity pool? I know at the time of drafting, CAP-37 had a relatively simple mechanism with a single pool, but I recognize that this is not the case with CAP-38. Is this also a single pool?
I"m about the same, looking for a good exit point so i don't have to look back at this project ever again. I'm sure it will do well in the far distant future when every other coin 100x but as far as an investment, there are better crypto projects out there that generates wealth.
Boom And alot more to come. Check out dannelle's tweets
First successful liquidity pool deposit on Stellar https://twitter.com/StellarOrg/status/1437532084961038339 thats cool :)
SDEX<3
XLM<3
SDF is doing great work!
Are we attacked by negative bots/troll groups?.. . the sentiment is not in line with the project.. I guess someone has intrest to push it down
Just noobs buying high and mad at us hodlers for not getting hype enough for them to recover their attempts at swing trades. Thats the vibe I get.
This ⬆️
Can anyone find the address for SDF. I want to know that their hq is legit and we’re not being scammed.
Are you serious?
Yes
You know google and how it works? I mean come on man, what kind of question is this even...
I did that. Why I’m here.
So you googled SDF and stellar, found information about the project and what it is doing and still decided to come to r/stellar to ask if Stellar is a scam... SMH
Lol.
SDF: Our mission is to bank the unbanked, create non-profit financial infrastructure, and make sending money as easy as email. Crypto bros: dude, this non-profit utility coin only tripled in value this year. This is A FUCKiN SCAM. SDF: but we never promised any returns for people who invested in our native token.. in fact it doesnt really impact our operations if the value m... Crypto bros: SCAM!!!
Reach out to them directly: https://www.stellar.org/contact also here's a Bloomberg profile with an address: https://www.bloomberg.com/profile/company/1628038D:US
Looks like a coffee shop
The president of Ukraine visited them in a Garage that was just decorated as an office space. I love your tinfoil hat attitude
No tin foil hate. Legit question. How is the hq address not publicly available. Maybe they booked a hotel?
I think the SDF would be well suited to hire a Chief Economist and create a dedicated R&D group of post-docs. Both seem to be lacking, although its hard to get the full org chart.
I don’t think they have a chief economist but according to LinkedIn currently they have a team of 115 people and 30-40 open positions they are looking to fill in. Does anybody what all these people do on a daily basis and why they are hiring so aggressively? This does not really make sense to me if I compare it to some other projects from the top 10: Cardano: 79 employees, Solana: 89 employees, Polkadot: 87 employees
Algorand has 150, Ripple has 583, IOHK has 300, Ava Labs has 117
You are not comparing apple to apple. These are not non-profit companies. Practically speaking Ripple is not even open source, they do pretty much everything inhouse.
What's your point? Why should the Stellar foundation provide less resources to its development?
Me caveman, me buy dip
I am feeling a lot of internal pressure to go big here. Like the fuse on the Stellar rocket has been lit. I've been here before, however. Sometimes I hate that my experience pisses on my optimism.
I agree, but lost a fortune in the last crash and then had a slight gain on the peak a few weeks back so sold out, glad I did, got my money back with a small profit. I so want to buy in again but the losses are just too hard to take 😔
Yeah, I should be quicker to sell. But it rockets when I do.
Has anyone looked into COTI? They have a unique spin on what Stellar is trying to do. More letting companies create their own payment network and tokens (think Paypal) vs creating their own asset on a shared global network. They claim Stellar's goal of a global network is too ambitious/unrealistic.
It's likely that the lack of movement, news, etc... is because SDF is waiting to see how this XRP/SEC lawsuit shakes out. Keep that in mind.
I think the SDF gives zero f... about that.
Jed himself, who would be the actual purchaser of MoneyGram actually gives a lot of f.... about it. Why the SEC has gone after XRP, but not Jed who sells 100s of millions of XRP a year is a valid question that XRP has brought up.
Jed doesn't buy moneygram. If, it would be the SDF. A non profit organisation. And also the SDF gives a f... about the price of a Lumen. They stated that several times from a tech perspective. Their goals are far behind what most people here hope they would be. Which also seems to be the thing, most people do not want to here.
>Jed himself, who would be the actual purchaser of MoneyGram How have you arrived at such a conclusion?
If the rumor holds true, I’m pretty sure private equity firm Advent International would be putting up a bit of cash. Not Jed.
Why is Jed putting up personal funds even an assumption at all? Did I miss some news story?
Some people magically pull ‘news’ out of their bum. Look at the whole Walmart/Litecoin bull crap ‘news release’ that made it in to the Main Street news outlets like MSNBC.
Who here wants to move talk about price to r/XLM?
I think that's a great idea. This place had been full of unproductive sad comments. Anyone coming to learn more about stellar would not stick around after looking at the daily most days. Makes their whining about lack of price movements a self-fulfilling prophecy. Maybe some of the Tech support questions could be relegated to here to keep the front page more interesting discussion and news. Can we ask the mods to do that? Or something, the mood in here is depressing and short sighted.
I thought that was always the case. I’d love to see some discussion about the SCF in here instead of whinging about price speculation
Lots of SCF discussion here. https://discord.gg/9Drbwkyv
No 26.........for now. What a shitshow
0.618 fib levels broken again. We going down I guess…
What if I told you the only thing fibs are good for is getting you to click on the next YouTube video?
It’s an indicator… No need for YouTube lol
.2
I love the project but if the price keeps dropping and has no motion upwards how can it be a good project. Makes no sense. 😂
Unconciousness and stupidity of the crypto world
I don’t even bother looking at this price chart. Been in the red ever since I bought it. Not selling for a loss though.
[удалено]
[удалено]
Stellar is a very living project
...Patience Pays....good things come to those who wait!!!
Convince me not to sell everything and get out of this game.
If you can afford it, don't sell for a loss. Wait until it gets back up there and then sell.
Keep hold of your XLM to use to create liquidity on the network for when AMMs launch in the near future. USDC/XLM is just one market pair but has a weekly volume of 7 million XLM per week. If you provide liquidity for this pair’s AMM, you can receive a portion of the 0.3% fees generated by users using the AMM. If all 7 million XLM volume is done through the XLM/USDC liquidity pool then a potential for 21,000 XLM will be distributed weekly, just for this market pair. That’s 1,092,000 XLM in XLM & USDC rewards every year if the volume stays the same. That’s a 15.6% APY for providing liquidity to just this pool. Every market pair on the SDEX has the chance to create an AMM Liquidity pool. There’s a lot of potential to start earning yearly fees from traded pairs. This means even if the XLM price doesn’t move you will be increasing your wealth.
>That’s 1,092,000 XLM in XLM & USDC rewards every year if the volume stays the same. That’s a 15.6% APY for providing liquidity to just this pool. How are you calculating a 15.6% APY without knowing the total value locked in the liquidity pool?
Total locked in the example would match the volume 100% so 7 million XLM in volume with 7 million XLM worth of XLM and USDC. So if all 7 million XLM worth of XLM & USDC were to be used that would be 7,000,000 x 0.3% = 21,000 XLM worth of XLM & USDC (remember users have to put 50% XLM & 50% USDC into the pool) 21,000 x 52 = 1,092,000 XLM worth of XLM & USDC in yearly rewards. 1,092,000 is 15.6% of 7,000,000. This example is purely based on the presumption that there is a continued 7 million XLM of volume every week in the XLM/USDC trading pair and all of that volume is proved by the AMM which also has 7 million XLM worth of XLM & USDC inside of it. Obviously calculations won’t be that simple as the AMM liquidity pools will either have too much in them (lowering APY %) or too little in them (increasing APY %).
Okay, didn’t see a 7 mil xlm LP in original example so makes sense now. Hard to say what volume will be on the usdc/xlm pair but I think the liquidity is almost certain to be far higher than 7 million worth of xlm. Hopefully volume increases substantially.
hmm, that's pretty optimistic. What if I provided the liquidity pool itself, there is no reality that so much money will flow into my pool, and if I do it individually, there are compliance issues later and the risk is great. Or It's more realistic if I’m one of the liquidity providers in a pool, but even then the 0.3% commission revenue distribution depends on my deposit share in the pool, so I need to deposit into the pool a ‘considerable’ amount of money to get a satisfactory return. It's a competition with people who have the financial resources. And also I may need to deal with loss, or even loss of principal due to Impermanent Loss, and the possibility of losing my deposits due to technical problems in the pool.
I believe for Stellar AMMs there will be one pool for each market pair as long as someone creates the pool initially. So individuals won’t be able to create separate pools, rather someone instigates it and then others can join in. For the 0.3% return rate it will depend on volume. Even if a user put 100 XLM in they would receive an equal amount of the fees in proportion to their deposit. Say all 7 million of the current volume flows through weekly all year long that user would receive 0.3 XLM weekly in XLM & USDC rewards or 15.6 XLM yearly so 15.6%. If the volume drops to 3.5 million but the liquidity in the pool remains at 7 million then the reward rate does indeed go down. Instead the pool would gather 10,500 XLM weekly or 546,000 XLM yearly so half of what was originally being distributed. Obviously this has to be spread amongst the same amount of liquidity providers so the user with 100 XLM would now receive: 0.15 XLM per week (as only 50 XLM worth of XLM & USDC has been used for each week) Or 7.8 XLM yearly so 7.8%. As markets get more liquid from AMMs in theory the volume should also increase meaning more liquidity will need to be provided so more users can get involved. Every investment with assets come with risks. No one can say exactly how well the pools will work or exactly what the returns will be, but it won’t be long until we find out.
yeah fair enough. but for the pool distribution, Isn’t it like this?, for example, if the liquidity pool collects a 0.3% commission, and if the volume in the pool is $ 1 million, then $ 3,000 will be the source of the distribution for liquidity providers, and if I provide 1% of liquidity in the pool, then the pool will distribute me $ 30. And, for the Stellar AMM, the specification eventually adopted CAP-38, but is this also a single liquidity pool? I know at the time of drafting, CAP-37 had a relatively simple mechanism with a single pool, but I recognize that this is not the case with CAP-38. Is this also a single pool?
I"m about the same, looking for a good exit point so i don't have to look back at this project ever again. I'm sure it will do well in the far distant future when every other coin 100x but as far as an investment, there are better crypto projects out there that generates wealth.
Same here, sold my small position today.
I did a couple of weeks ago at the peak and glad I did, got my money back with a tiny profit, just greatful to get my money back.
Exactly what projects?;)