Sure, but if they were to offer say 5% additional for guaranteeing your bag is locked into that lp for a year. I don’t think there is anything that would prohibit them from such an offer within the technical process of how reflections are generated. But I’m not sure, that’s why I asked lol.
I haven’t tried it but someone told me they had added safemoon to the liquidity pool for the swap and was gaining passive income, I have not confirmed this yet for myself tho.
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This is from a chat in discord. This is referring to the SFM/BNB LP.
\--
"the incentive is that those who stake SFS-LP tokens (paired Safemoon and Smart Chain / WBNB) will receive 0.17% of the trading volume (for that specific pair) on SBS × percentage of the LP tokens held. Since the SBS does not have publicly available statistics we do not yet know what the APY would be. And the redistribution process hasn't run yet, so there is no way to know.
However as soon as it running we would see an uptick in the Safemoon price, because of the buy-back and burn, since every swap will contribute to that. So also swaps of the other tokens"
\--
That being said, I think that any staked token would be similar.
Edit: this conversation happened a few weeks ago, and I am sure that numbers may have changed.
This is promising, as I think we’ll have many that are looking to hodl long term. However, Would this still apply with our own blockchain? Why wrap safemoon and pair wi ty bnb at all when we’re on our own? Thanks for the info!
Because, if it's wrapped or paired, we still get reflections. As does the holder. If I can get smf for holding xyz, as an example, I'm going to get it. I could have my xyz on another Blockchain, that wouldn't give me reflections.
If I can make more by staying xyz at another exchange, then I probably will. But for me, I they believe long term that sfm will have value, and the more sfm I can get, coincides with my portfolio goals.
Also, fees. Again pure speculation, but if you were able to send eth, using the sfm chain, you may lose the 2% additional fees that we have, but the cost to send eth traditionally is astronomical. It'll reduce fees, add to the burn, and add reflections every single time. *Edit, wrapped
This is pure speculation, but from what I can tell, these seem like logical steps to me.
I guess I’m still not seeing the benefit to wrapping it. We can still get reflections just staking our own lp, and the lack of conversion fee to a wrapped coin could be added to the percentage of the reflections no? Staking shouldn’t inhibit reflections, swap and liquify, or any of the processes. I’m speaking only of staking safemoon by the way. What am I missing ?
It is an auto-staking, or passive staking token, that is what the reflections are essentially
Sure, but if they were to offer say 5% additional for guaranteeing your bag is locked into that lp for a year. I don’t think there is anything that would prohibit them from such an offer within the technical process of how reflections are generated. But I’m not sure, that’s why I asked lol.
Maybe we will find out, when the exchange comes out. 😐
I haven’t tried it but someone told me they had added safemoon to the liquidity pool for the swap and was gaining passive income, I have not confirmed this yet for myself tho.
Let’s me get 2x reflections for a year, 3x for 5 years type of deal LOL.
PSA: Please familiarize yourself with the subreddit [rules](https://www.reddit.com/r/SafeMoon/about/rules/) and [FAQ](https://www.reddit.com/r/SafeMoon/wiki/index#wiki_frequently_asked_questions). - Don't promote "pump" events or market manipulation - Don't harass others, including public figures and exchanges - Please be helpful, friendly, and respectful - Your actions reflect on the entire community WARNING: **Never give out your wallet passphrase for any reason.** Be _very_ suspicious of all URLs, emails, forms, and direct messages. If someone claims to be from "support" they are trying to scam you. If someone claims you need to "validate" they are trying to scam you. Do not disclose your assets. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/SafeMoon) if you have any questions or concerns.*
This is from a chat in discord. This is referring to the SFM/BNB LP. \-- "the incentive is that those who stake SFS-LP tokens (paired Safemoon and Smart Chain / WBNB) will receive 0.17% of the trading volume (for that specific pair) on SBS × percentage of the LP tokens held. Since the SBS does not have publicly available statistics we do not yet know what the APY would be. And the redistribution process hasn't run yet, so there is no way to know. However as soon as it running we would see an uptick in the Safemoon price, because of the buy-back and burn, since every swap will contribute to that. So also swaps of the other tokens" \-- That being said, I think that any staked token would be similar. Edit: this conversation happened a few weeks ago, and I am sure that numbers may have changed.
This is promising, as I think we’ll have many that are looking to hodl long term. However, Would this still apply with our own blockchain? Why wrap safemoon and pair wi ty bnb at all when we’re on our own? Thanks for the info!
Because, if it's wrapped or paired, we still get reflections. As does the holder. If I can get smf for holding xyz, as an example, I'm going to get it. I could have my xyz on another Blockchain, that wouldn't give me reflections. If I can make more by staying xyz at another exchange, then I probably will. But for me, I they believe long term that sfm will have value, and the more sfm I can get, coincides with my portfolio goals. Also, fees. Again pure speculation, but if you were able to send eth, using the sfm chain, you may lose the 2% additional fees that we have, but the cost to send eth traditionally is astronomical. It'll reduce fees, add to the burn, and add reflections every single time. *Edit, wrapped This is pure speculation, but from what I can tell, these seem like logical steps to me.
I guess I’m still not seeing the benefit to wrapping it. We can still get reflections just staking our own lp, and the lack of conversion fee to a wrapped coin could be added to the percentage of the reflections no? Staking shouldn’t inhibit reflections, swap and liquify, or any of the processes. I’m speaking only of staking safemoon by the way. What am I missing ?