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@SafemoonMark Just curious how this would work. Where do the reflections for pSFM holders come from if not split from the BSC buyers/sellers? Though I am on board with the arbitrage idea, as there will be constant SFM/pSFM volume to keep equilibrium
@BuyersSafemoon@Je5ter13@SafemoonMark Update: While this may be true, another user pointed out that feeless trading on other chains will "raise the value of pSFM which would raise the value of SFM during arbitrage." So it should eventually all even out. Only time will tell
@BuyersSafemoon@Je5ter13@SafemoonMark Except if there isn't an ethereum pSFM tax, but pSFM still gets reflections, that indicates that pSFM is taking a portion of BSC's reflections. So we don't get the volume from their transactions AND they take a cut (which will only get worse with every chain bridged)
@WatfordStatus@SafemoonMark BUT another user pointed out, since pSFM doesn't have trading taxes, that would "raise the value of pSFM which would raise the value of SFM during arbitrage."
@WatfordStatus@SafemoonMark From what i've gathered the only thing BSC gets is the initial 10% tax from going SFM->pSFM. Once pSFM is on the ethereum chain, it no longer provides tokenomics to BSC
@BuyersSafemoon@JoseNasa@SafemoonMark That's a good point! And that would drive volume on SFM to trade for pSFM. Thanks for the response, just trying to wrap my head around all of this
@safemoonallan @SafemoonMark Reflections from going from SFM to pSFM, or do you mean the reflections generated from trading pSFM on ETH? Because pSFM does not generate any reflections on ETH
@BuyersSafemoon@JoseNasa@SafemoonMark SFM is only released from the vault when pSFM is directly swapped for SFM. Otherwise, pSFM does not have a trading fee on eth and thus does not produce reflections for SFM on Binance
@SafemoonMark So if there isn't an ethereum pSFM tax, but pSFM still gets reflections, does that mean we are esharing BSC's reflections with every chain that is going to be bridged? Not only does that not help volume, that drastically hurts our reflection amount
@yvngsylv @DiabloThePyro @Poach My bad man I was just being an asshole. The format is definitely focused around hitting certain tiers, rather than playing for kills, loot, and even positioning