@0xSouvlaki Thanks for the prompt reply. Last question! What sort of APY can expect if im giving up 50% in the first 60 days? Man i obviously didnt know what i was getting into when i converted. ๐ซ
I would be curious too, to see the argument that the SN aggregate "prices" can't be > 1 $TAO
I say this mostly because in the subnets, the "price" of the token is mostly an artificiality - based on the ratio of alpha/Tao is in the pool, and NOT on the actual circulating supply of the token
This was done, as I read the docs, to make sure that the emissions schedule was not distorted
So the "price" they are referring to is different from the "value" of the token and therefore they are comparing apples and oranges when they say that the "price" of SNs has to be the same "value" as 1 TAO
as an easy example, right now, in SN 4, there are about 104k tokens in circulation, and only 35k in the pool
There are about 10k TAO in the pool
What is the "price" of SN4 tokens? they say its 0.28T, based on dividing 10k TAO by the number of tokens in the POOL
The "value" of SN tokens, however, is 1/3 of that, or less than 0.1 TAO
By ignoring the actual number of tokens in circulation, which is kind of .... random because they're completely liquid, the comparisons are skewed IMO
If you add them all up, its nowhere near even... 1 TAO at this point - Im attaching a sheet I did a few days ago, and, yes, the aggregate "price" of the top half of the subnets was 1.66T at the time, but the actual VALUE was ... 0.54 - I have not updated this, but it would be interesting to see
Please appreciate I am not part of the project, and I haven't read every scrap of paper, so my thinking may be off - if so, I invite correction
https://t.co/oCFvaJyMCd
@T1crypto_tips I went to refresh the page. It was game over from there for me. Did anyone have their parameters in and just click burn? Interested to know if i shouldnt of refreshed.
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