Update: Thank you everyone for your incredible questions! There were a lot of really great ones. We are calling it quits for now (we don't know how many we answered but if feels like hundreds...), we may come back through and try to answer a few more. We have now released our Whitepaper please go give it a read! https://bit.ly/stadocs We will announce winners by the end of this week (Sunday). Thank you again for your engagement and great questions, even the hardball questions, we always love the chance to debate in this space we are rocking the boat and shaking things up as a whole industry, so debate and disagreement is to be expected! We truly believe a deflationary asset has a place in economics and investment. We think the power of deflation is one that counterbalances a lot of the deleterious monetary policy we see in our world. We hope to some day be a global deflationary currency/asset that you use to save money and make better financial decisions. It is a big vision, but if you aren't here to change the world, go back to stocks...semi joking :) Thank you Thank you Thank you, all of you are the reason crypto exists and the community is what will move us all forward, we're excited at the future of the whole space!
We are running an AMA here on Publish0x. Feel free to ask us any questions in the comments between now and Wednesday, the 15th of July, and we will answer them ASAP!
We've prepared $200 in DAI prizes to give out to those of you who ask the best questions!
Intro to the Statera Project
Statera’s namesake is derived from the Latin word for Balance. Statera (STA) is a smart contract powered Indexed Deflationary Token (IDT) which synergizes with a trustless and community driven portfolio of class-leading cryptocurrencies. The portfolio includes: Wrapped Bitcoin (WBTC), Wrapped Ethereum (WETH), Chainlink (LINK), Synthetix (SNX), and Statera (STA).
Here's a short, 2 minute video explaining the basics of what we do:
What's up with the $200 in DAI Prize Pool?
We'll be rewarding users for participating in this AMA. The $200 in prizes will be split between users who ask the best questions (judged by us), and a few randomly chosen winners.
We will be giving out $200 in prizes as follows:
- $20 in DAI prizes to 5 users who ask the best, most interesting, and unique questions.
- $10 in DAI prizes to 5 random users who participate in this AMA.
- $10 in DAI prizes to 5 users who tweet about this AMA and who follow Statera Project on Twitter.
To be eligible for this, make sure to use the hashtag #StateraAMAPublish0x with your Tweet.
STATERA ECOSYSTEM OVERVIEW
The current ecosystem consists of three pools. In the future more index funds can be added in Uniswap (consisting of 50/50 STA with any other cryptocurrency), on Balancer Pools (adding in Statera Delta with any index fund of multiple cryptocurrencies), and on any other index fund/liquidity pool platform. With Statera Delta, deflation can be safely introduced to any platform. With Statera, deflation can be introduced safely to any platform that has secure code (the main issue being the need for a constant calling of the gulp function, which syncs smart contracts with the blockchain). All of these pools interact to create more volume, arbitrage, efficient markets, and deflation across the system.
STA — Hold this token to benefit from the price action of our whole ecosystem
Uniswap Pool Tokens
STA Delta Token — an ERC 20 standard token which is 50/50 STA/ETH, this will earn you fees, will be trade-able, and can be used to add to Phoenix Fund. It is like holding an index fund of 50% STA and 50% Ether with a possible yearly yield of 38%-500% (depending on daily volume)
STA Delta Liquidity Token — an ERC 20 standard token which is 25/75 ETH/STA, this will earn you fees, and is a bigger bet on STA. We have no plan to have it be tradeable (but this is all decentralized so this could happen), and it cannot be used to add to Phoenix Fund (though you could add it to another index fund).
Phoenix Fund — a secure deflationary index fund of 40/30/10/10/10 STA Delta/wETH/wBTC/LINK/SNX
The Results of our Ecosystem
Our index funds have outperformed all traditional products and many DeFi products. Our Balancer Liquidity pool was 34th in Liquidity but 6th in Volume, this was thanks to Statera. Our new secure pool is 108th in Liquidity and 44th in Volume. Our volume far outpaces what it should be for our liquidity (because of Statera). Our Uniswap pool has consistently returned over .10% daily interest. Our pools overall have consistently returned 0.10% to 0.50%+ daily interest yield, which holding constant for a year would produce 38% to 600%+ APY (the interest is compounded daily). This is just in fees paid to our holders, this does not include appreciation of the assets in the pool. Our index funds are easily outclassing all traditional finance options and many if not all DeFi options. These gains are tempered by impermanent loss which happens when assets appreciate in liquidity pools, but even a 500% price change will only produce 25% less gains, which would be offset by our APY. With a possible annual yield of more than 38% on the low end our index funds are incredible products. As it stands our index funds are one of, if not the most, profitable places to hold your cryptocurrencies.
Where to Learn More About Statera Project?
- Read our Intro post here on Publish0x for more info: STATERA: A TRUSTLESS INDEXED-DEFLATIONARY TOKEN
- Visit this link to download Statera Project FAQs
- Follow Statera Project Blog on Publish0x.
- Read about Statera Project on Medium.
- Follow Statera Project on Twitter.
- Join Statera Project Community on Telegram.