Statera's Twist: Deflation and Balancer Loop Finance + Deflation As the title states, Statera (STA) is a Token that makes an interesting combination between deflation and decentralized finance (defi). Although deflation is the trend during this COVID-19 pandemic where central banks are inflating the currency supply, deflation alone will not give Statera much value with many reasons. One of them is that deflationary currency is nothing new where the earliest deflationary token that is surviving well until now is BOMB and I will be directly frank that if all you want is a deflationary token then go to BOMB instead of Statera. https://www.coingecko.com/en/coins/statera https://stateratoken.com/ https://bombtoken.com/ For deflation to be attractive, it must occur due to market movement. Like BOMB, Statera burns 1% of each transaction. Now, the question is, how to make people perform more transaction? Ofcourse, the answer is to deliver value. One of the best way to deliver value is to have a product and what product does Statera provides? A balancer, a great product to twist deflation. https://bombtoken.com/ https://stateratoken.com/
Coincidentally (or maybe not), the logo or icon of Statera matches with the concept that I learned from their whitepaper and that is the loop of balancing and deflating: (1) to start the loop, the price of the assets in the balancer needs to change due to market etc., (2) this triggers balancing where always STA needs to be either added or substracted, (3) 1% of STA is burned due to the transaction occurred in balancing, and (4) here is the twist that the price of STA changes due to deflation which triggers rebalancing which triggers deflation again and the process repeats in an infinite loop. In concept, deflation occurs infinitely which can *make your imagination go wild of how much the price can increase due frequent deflation*. Well I do think that rebalancing does not occur in micro level but macro level where there is threshold for rebalancing which does not necessary occur everytime a deflation (1% transaction burn) occurred. **Disclaimer: I am newbie and I only read the** **whitepaper** **once, the information I wrote may not be accurate.** https://stateratoken.com/ https://stateratoken.com/assets/Statera_Whitepaper.pdf
Statera is designed to be an investment where currently is suited to be put inside an index fund and mutual fund. By having STA in the funds or portfolios, they can enjoy the benefit of STA's deflation where deflation most likely pressures an up-price. Currently Statera have three index fund which are Delta Token, Delta Liquidity Token, and Statera Phoenix Fund. The source of the image is from Statera's whitepaper where it shows Delta Token a 50% wETH and 50% STA, Delta Liquidity Token a 25% STA and 50% ETH, and Statera Phoenix Fund a 40% Delta Token, 30% wETH, 10% SNX, 10% LINK, 10% wBTC. https://stateratoken.com/ https://stateratoken.com/assets/Statera_Whitepaper.pdf https://www.coingecko.com/en/coins/statera https://www.coingecko.com/en/coins/ethereum https://www.coingecko.com/en/coins/synthetix-network-token https://www.coingecko.com/en/coins/chainlink Getting their Index Fund https://lbry.tv/@0fajarpurnama0:e/how-to-invest-in-statera-s-index-fund-on:d Delta Token If you have Ethereum, you can just transfer them to a web3 wallet. If not, then start from the beginning in how to obtain Ethereum and learn how to use decentralized exchange and DEFI. https://www.ethereum.org/ https://open.lbry.com/@0fajarpurnama0:e/getting-started-with-dex-metamask-and:3?r=49eqY3oaSrHcwaDPyDHCSvwWFgFi7KZK Go to their website, and click the trade menu to get some Statera (STA), also get wETH. https://stateratoken.com/ https://app.uniswap.org/#/swap?outputCurrency=0xa7de087329bfcda5639247f96140f9dabe3deed1 https://app.uniswap.org/#/swap?outputCurrency=0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2 Go back to their website, scroll down, click the button stating providing liquidity for Statera (STA) in uniswap, and provide liquidity by locking equal amount of Statera (STA). https://stateratoken.com/ https://app.uniswap.org/#/add/0xC02aaA39b223FE8D0A0e5C4F27eAD9083C756Cc2-0xa7DE087329BFcda5639247F96140f9DAbe3DeED1 To see the delta token contract address, just paste your wallet address in any Ethereum explorer. https://etherscan.io/token/0x59f96b8571e3b11f859a09eaf5a790a138fc64d0?a=0xCf354A0012160bC5dAe441C49f0B2d7E4A4fFC96 Delta Token Pool Just provide liquidity for Delta Token. https://app.uniswap.org/#/add/0xC02aaA39b223FE8D0A0e5C4F27eAD9083C756Cc2/0x59F96b8571E3B11f859A09Eaf5a790A138FC64D0 Phoenix Fund Go back to their website, scroll down, click the button stating providing liquidity phoenix fund on Balancer. https://stateratoken.com/ https://pools.balancer.exchange/#/pool/0xcd461B73D5FC8eA1D69A600f44618BDFaC98364D Connect wallet, click provide liquidity, create proxy, and activate necessary assets. Choose either single asset or all pool assets. If you choose all pool assets, you also need wBTC, SNX, and LINK https://app.uniswap.org/#/swap?outputCurrency=0x2260fac5e5542a773aa44fbcfedf7c193bc2c599 https://app.uniswap.org/#/swap?outputCurrency=0xc011a73ee8576fb46f5e1c5751ca3b9fe0af2a6f https://app.uniswap.org/#/swap?outputCurrency=0x514910771af9ca656af840dff83e8264ecf986ca This is the end of the interesting section of Statera. If you are already familiar with DEFI and the rest of the crypto space, then you can skip the rest of the section because they are just repetition about crypto and DEFI. Read more at their blog. https://stateratoken.com/ https://www.publish0x.com/statera-project?a=4oeEw0Yb0B An Open Cryptocurrency If you are new to cryptocurrency, then you probably want to read this section, otherwise I recommend you to skip. Statera (STA) is an Ethereum token open for anyone to participate in. The transaction and smart contract are transparent where you can see for example on etherscan.io. Well, if you don't have the ability and the time to evaluate their smart contract, you can trust the audit conducted by Hacken. You can find the full report at their Github. https://www.coingecko.com/en/coins/statera https://etherscan.io/token/0xa7DE087329BFcda5639247F96140f9DAbe3DeED1 https://www.publish0x.com/statera-project/statera-audit-report-xyvejzz?a=4oeEw0Yb0B https://github.com/StateraProject/statera-token/blob/master/Statera_SC_Audit_Report.pdf Decentralization Like all open cryptocurrency, Statera is decentralized where no single entity controls the token. In the tradional centralized banking system, finance is controlled by intermediaries. You probably though that the control is only the fees that we need to pay to these intermediaries but their control extends beyond that. You need to beg them if you want to participate in their market and you probably have no idea how many have been rejected. They can perform drastic measures such as controlling the supply and even shutting down the market. The worst that they can do is confiscating your assets. In the decentralized world, no one have that kind of power. It is the free market as it is. Use and trade whenever you want and you have full control over your own assets. https://stateratoken.com/ Decentralized Finance It is finance on decentralized network. It became a trend because of the idea that you can do finance without intermediary. You can invest in Statera and their index funds without the needs of any permission, anywhere there is an Ethereum node which cannot be censored since it is peer-to-peer (P2P), and you are in full control. Who knows if in the future they extend to other financial services such loan, installment, and future. More info of how to invest in their index fund on their Medium https://www.ethereum.org/ https://medium.com/@stateraproject/investing-in-stateras-deflationary-index-fund-19c74947a0d5 Mirrors https://www.publish0x.com/0fajarpurnama0/stateras-twist-deflation-and-balancer-loop-xvrdrxq?a=4oeEw0Yb0B&tid=readcash https://0darkking0.blogspot.com/2020/08/stateras-twist-deflation-and-balancer.html https://medium.com/@0fajarpurnama0/stateras-twist-deflation-and-balancer-loop-29526bdbb6af https://0fajarpurnama0.github.io/cryptocurrency/2020/08/08/statera-twist-deflation-balancer https://0fajarpurnama0.tumblr.com/post/625971732868710400/stateras-twist-deflation-and-balancer-loop https://hicc.cs.kumamoto-u.ac.jp/~fajar/cryptocurrency/statera-twist-deflation-balancer.html https://0fajarpurnama0.wixsite.com/0fajarpurnama0/post/statera-s-twist-deflation-and-balancer-loop http://0fajarpurnama0.weebly.com/blog/stateras-twist-deflation-and-balancer-loop https://0fajarpurnama0.cloudaccess.host/index.php/uncategorised/59-statera-s-twist-deflation-and-balancer-loop
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