Grand Master Jedi
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There must be a holding period as Im unaware of any offering that a public company can offer in selling discounted common stock to accredited investors who can turn around and sell them into the market right away. Im unaware though of how these DSPP offerings work as I never heard of them until Zion but I know the SEC/FINRA has these holding periods in place to prevent quick turnarounds. The shortest holding period Im aware is 6 months but DSPP may different holding periods.
To stake in the two sides liquidity pools in Flarefarm, like SGB/CAND for example, you need to use FlareX first to provide liquidity in whatever two sided pool you want to stake in to get liquidity pool tokens. Thereafter go to Flarefarm and then it will allow you stake whatever pair your choosing to stake. You’ll need both coins to stake in two sided pools and can use the swap feature in FlareX to do so to get CAND for example. I swapped some of my SGB to get CAND when I did so. Im on the run and don’t have any videos to share about it but there are some that u can find. Because of the multiple steps I watched video to learn it but once u know the steps it’s easy to do.
It allows u to do both. Theres a glitch though thats being worked on as this is a test-net so things like this will happen. You’re supposed to be allowed to stake WSGB in Flarefarm in the one sided pool that earns .27 SFIN daily and collect FTSO rewards at the same time while staking your WSGB is Flarefarm. The only catch though is Flarefarm chooses the provider which is A-FTSO & Defi Oracles. At the end of each FTSO Epoch cycle you should be able to still claim rewards the same way. It was working for me in the beginning where I was collecting my SFIN and FTSO rewards but now its not. I haven’t done so yet but going to unstake all my wrapped SGB and then will unwrap it in Bifrost and will rewrap it again and then stake it again in Flarefarm and see if it works.
EXFI/SGB is for the two sided liquidity pool which means staking two coins in one pool. For the one sided liquidity pool it only lets you stake wrapped SGB (WSGB) not just SGB, which you can easily wrap in Bifrost and after go into Flarefarm and stake it in the one sided liquidity pool for WSGB. All together I believe there is 4 one sided pools that one can stake in Flarefarm, which is WSGB, EXFI, CAND & SFIN.
And then wrap it again and stake it in Flarefarm?
Thats inside FlareFarm. Goto FlareFarm thru your Bifrost browser and connect to it. Once in FlareFarm scroll inside or just click on your portfolio tab at the top and it will show which coins you have staked in it. If you see zero staked then click your mouse on the claim zeros and it will show how much SFIN has been earned thus far. If you have SFIN to claim then claim it and then start staking it inside the SFIN pool and put it to work to earn more SFIN.
Which staked coin pair? Inside FlareFarm?
If u lock up your XRP in Nexo you get a 12% annual return on your bag? Ive read different things and don’t know the ins and outs of staking ones crypto in Nexo.
PS: Im going to run out of posts and if so Ill reply later, but a further breakdown would be appreciated as I hold a large bag of XRP. Thank you.
Do you have all your WSGB staked in Flarefarm? I have all my WSGB staked in Flarefarm to earn SFIN as were suppose to still collect FTSO rewards while staking WSGB in Flarefarm. Im told they’re working on the glitch but going to unstake all my WSGB and restake it again in Flarefarm and see if it helps.
PS: If I don’t respond its cause Im out of posts.
Unless you sell whatever you swap for a profit as Im not sure how u pay tax on a swap other then the gas fee one pays when they do the swap, which is very cheap when using XRP or within the Songbird Network.
Is your WSGB in Bifrost or is it being staked in FlareFarm?
Converting XRP to SGB isn’t a big deal unless SGB shoots through the roof and u sell that SGB for a gain. From there you send that SGB to Bifrost to convert it within the Songbird Network to wrap or stake it which Im not seeing how any of that is a gain unless one begins liquidating rewards as most I know are just compounding them.
Good video. I have the majority of my SGB wrapped and staked in FlareFarm but the frustrating part is that Im not getting my FTSO rewards. I have was getting on average 1500-2000 SGB a week & this morning I had zero SGB to claim. I was told they’re working on it, and if fixed, I wonder if Ill get the rewards Ive lost. I was thinking to unstake them all and restake them in FlareFarm and see if that works as I don’t see any other option. Unstaking them all together isn’t an option as I want the SFIN rewards. So frustrating.
I have 8k more SGB to stake and want to do so in SGB/CAND. Is it best to swap 50% of those 8k SGB into CAND and stake 50/50 in the pool? Not sure if it matters but remember reading that it should be 50/50.
Also, Im not getting my FTSO rewards for WSGB. Its such crap as I was getting between 1500 to 2000 SGB a week. I was told they’re working on the problem and wonder when its fixed if people will get the SGB that was lost. So frustrating.
I left some of SGB unwrapped from last week FTSO rewards, I took that SGB and swapped some of it into CAND on FlareX. Thereafter I provided liquidity for SGB/CAND pair and then staked it in FlareFarm.
Oh I see. This breakdown is good. So the position Im in is if SGB runs up I lose out on that appreciation and same would go if I staked EXFI/CAND pair. Makes sense. Im not feeling the loan pathway with CAND and using WSGB as collateral. Regardless, I have most of my funds staked in one sided pools with WSGB and EXFI. Im just doing a test run though right now with about $500 for SGB/CAND before adding more to it but your breakdown helps me understand the risk factor more with the two sided pools. Thank you much!
I guess it wouldn’t make a difference if Im providing or removing liquidity as the risk is the same. Ill think on it more over coffee tomorrow morning as its late and my heads hurts. Thanks for the feedback.
Is that risk the same for if one provides or removes liquidity? I believe when one removes liquidity is when they get LP tokens, correct? If so what about if one provides liquidity which is what I did with SGB/CAND and then staked it in FlareFarm. I haven’t tried to remove liquidity as Im digesting each step slowly so I understand good.
Just claimed mine and got my SFIN up to .0019. Im staking in three of the one sided coin liquidity pools (WSGB, EXFI & SFIN). Im skipping staking in CAND as it only earns .06 SFIN while the other three earn .27%. Yesterday, I started staking SGB/CAND, which is one of the two sided coin liquidity pools and earns .41% SFIN. Im going to jump on EXFI/CAND as well so Ill be in two of the two sided pools earning me .41%. The risk is higher though in using the two sided pools, which is why the earning rate is higher, but Im not sure where the risk is. Perhaps its in the swamping & staking process. For the past two days the SGB/CAND pool that Im staking in hasn’t changed in value or anything and has done nothing other then earn me SFIN so Im not sure where the risk is at. Either way, the plan is to earn as much SFIN as I can.
I would convert XRP to SGB and then get that SGB onto Bifrost. From there connect to FlareX through Bifrost and then convert your SGB into CAND. Does that make sense? I believe Sologenic Dex will let u convert XRP into CAND.
In my post #31123 I said that Bifrost works only in mobile not lap top and to watch the Flare Community walkthrough video for insight. You followed up by saying in post #31124 that you were trying to connect to Bifrost to your laptop. After stating that you were still trying to connect Bifrost to your laptop after I said u couldn’t had me assuming that you knew how to connect your mobile screen for viewing on your lap top or something like these influencers do when the make these walkthrough videos for Bifrost. I wasn’t sure what to think which is why I replied in post #31125 that Bifrost is mobile use only but if u knew how to connect it thru ur lap top then cool. Anyways, hopefully u got it figured out now.
If you don’t claim them the rewards will keep building but might as well claim them and put them to work in the SFIN liquidity pool where u can earn more SFIN.
Im staking WSGB, EXFI, SFIN and SGB/CAND for SFIN rewards which I claim daily. You don’t have to claim them daily but I do because once I claim them I add them to the staking pool where Im staking SFIN so I can earn more SFIN.
I explained that you can only use Bifrost in mobile…perhaps you’re not understanding all the terminology. When you say you staked EXFI and SGB did you stake SGB/EXFI pair in the two sided liquidity pool that earns .41% SFIN reward? Also, you can’t stake SGB all by itself in FlareFarm as you’ll need to wrap it first in the Bifrost wallet and then you can stake it in the one sided WSGB liquidity pool in FlareFarm for .27% SFIN reward. Not sure if this makes sense.
You figuring it out?
You can also bookmark FlareX, FlareFarm and FlareLoans inside your Bifrost wallet where u access the browser for easy access. It’s difficult articulating this thru text but would recommend watching the walkthrough video
Bifrost is mobile use only if u know how to connect it thru ur lap top then cool but in order to connect to FlareX thru Bifrost you’ll need to put in the FlareX address INSIDE your Bifrost wallet as theres a browser inside Bifrost. https://xfx.flr.finance/
Yes, check out that video I sent you as it goes into that and other details about using FlareFarm. Bifrost doesn’t open up on lap top like Metamask does as its mobile only. Theres a browser inside the Bifrost wallet. Find it in there and put it in that address in the browser and it will connect u to FlareFarm
Lol!
Yes, definitely press in and start learning to navigate in the Songbird Network so when Flare launches ur ready to get set up quickly and start earning passive income. What Ive learned so far was a small headache but now its as easy as wrapping SGB and collecting FTSO rewards. Im committed to learning all of it. Last night, I figured out how to stake two sided liquidity pools and did so with SGB/CAND. Im doing a small amount of funds to test it out right now and its going good but as I get more comfortable over next day or two Ill add more funds. Staking two sided coins in the liquidity pools earns .41% SFIN rewards vs .27% for staking only one sided. Last I checked SFIN was trading at $170k a coin and due to the supply only being 11,000 trading in the 5 figures is possible whether its $10k to $100k a coin. Right now theres only like 30 SFIN coins trading but with such a small supply a high price is more then possible. What the SFIN coin is to the Songbird Network is what YFLR will be to the Flare Network. SFIN and YFLR are the finance and governance coins of each network and will be the most valuable ones. If SFIN remains trading this high how high will YFLR trade? Not sure but its looking real good. What helped in learning more was finding videos from influencers like Mickey B who does a walkthrough using the Bifrost Wallet instead of Metamask. Trying to learn how to use FlareX in watching videos that use Metamask while trying to figure it out through Bifrost was a headache. Metamask is better as you can use your lap top but you need to have your Nano Wallet out and Im not trying to do all that as I don’t use Metamask a lot. Its more fast and convenient to use Bifrost. Here is link to one of his videos in using the Bifrost wallet.
Just figured out how to stake two sided liquidity pools and did so with SGB/CAND. Im doing a small amount of funds to test it out but as I get use to it Ill do more funds as it earns .41% SFIN rewards. That almost double the amount of what one sided liquidity pools produce. What helped was finding a video from Mickey B who does a walkthrough using the Bifrost Wallet instead of Metamask. I made things much more difficult for myself in trying to learn how to use FlareX in watching videos that use Metamask while trying to figure it out through Bifrost. What a headache. I dropped out for two days as I was that frustrated. Metamask is better because you can use your lap top but you need to have your Nano Wallet out and Im not trying to do all that as I don’t use Metamask a lot. I used it only once which was to get my Songbird tokens. Its more fast and convenient to use Bifrost. Anyone trying to learn FlareX in using Bifrost here is link. Good luck.
Yes I like this dude. He explains the breakdown well as I’ve listened to him, Flare Community and Mickey B ‘The Defi Standard’.
On FlareFarm theres 9 liquidity pools. Four of them are one sided pools where u just stake one token to earn SFIN rewards. Those four are WSGB, EXFI, SFIN and CAND. SGB by itself isn’t offered to be staked in the one sided pool but it is in the two sided liquidity pools. Theres 5 two sided liquidity pools and SGB is paired with two of them. I believe ones SGB/CAND and the other is EXFI/SGB. You need to use FlareX though, which is another product in the network, in order to use the two sided liquidity pools in FlareFarm so its a little more trickery to use plus theres risk involved as u can lose your tokens which is why the reward rate is higher. In the two sides pools you’ll earn liquidity pool tokens and its a lot to explain via text as Im still learning the two sides pools which requires the use of FlareX. I should have it figured out in another week as I took two days off from learning to stew on this network. The one sided pools though are easier to use and theres no risk in earning SFIN rewards.
When you wrap your SGB in Bifrost it becomes WSGB. Read my yellow sticky FLARE FINANCE/STAKING at the top of page where everyone posts. Also, watch the walkthrough video from Flare Community I just sent. After digesting that you should have a road map. It may sound complicated but its not for staking WSGB and EXFI in FlareFarm is just as easy as wrapping your SGB and collecting FTSO rewards in Bifrost.
Read my sticky on top and here is a link for a walk thru video below from Flare Community. This is the link you’ll need to put into your Bifrost wallet browser to connect to FlareFlarm; https://xff.flr.finance/. On FlareFarm you can stake your WSGB for SFIN rewards and you can stake your EXFI for SFIN rewards. When you start earning SFIN you’ll be able to stake that also for more SFIN. The supply for SFIN is 11,000 and last I checked was trading over $100k. It opened at $1M but that’s because not much supply was trading. Get set up and start earning your SFIN asap! Im almost at .002 as Ive been claiming daily. Im hoping to have 3-5 coins when its all said and done. Keep in mind you’ll still be able to collect FTSO rewards for WSGB while staking in FlareFarm but they’ll choose the provider which is A-FTSO DEFI & Oracles. SFIN is the Finance Coin for the Songbird Network and in comparison to the Flare Network SFIN would be the YFLR token. Its good to keep the comparisons in mind so when Flare Launches your already familiar with the utility of each token.
WALKTHRU VIDEO: Flare Finance Walkthrough / Strategy! FlareX - FlareLoans - FlareFarm”
Nice strike prices!
What’s more attractive here now are the fins. The revenue keeps growing here quarter by quarter with the BTC mining that INTV has been doing. A strong and healthy balance sheet thats netting profit will produce a strong PPS. Technicals and fundamentals say BUY and scooped up a block of 50k and 10k shares at .17.
Ola amigo. I’ve been in and out of here multiple times but not recently. Right now this play is looking to easy not to jump in.
Thats my signal to pull the trigger on $10k here. That would buy a nice bag at these levels.
Yes it does. Im going to try it again soon as practice makes perfect, but need to rewatch a full video on it as I made some kind of error because after the loan/process was completed and I got my SGB back it was 900 SGB less (-$130) then what I originally loaned out ($1300).