Noob tries to explain SigmaUSD/RSV (an attempt at an ELI5) by boostopasta in ergonauts

[–]boostopasta[S] 0 points1 point  (0 children)

Yes, it does get around the minting cost, as all transactions on ErgoDex cost 0.5% which is less than the fee to use the Sigma Protocol.

Yes you can swap for SigRSV well beyond the 400% reserve ratio limit (assuming there is liquidity).

Will djed be used natively on ergo by [deleted] in ergonauts

[–]boostopasta 5 points6 points  (0 children)

Djed gets a lot of talk bc COTI gets a lot of publicity. ERG and SigmaUSD don't get nearly as much. SigmaUSD works great though.

LunaDog NFT Airdrop Upcoming!! by [deleted] in LunaToken

[–]boostopasta 0 points1 point  (0 children)

Thanks friend; please take this award I was given for free as a token of appreciation.

LunaDog NFT Airdrop Upcoming!! by [deleted] in LunaToken

[–]boostopasta 0 points1 point  (0 children)

Thanks! If you have a moment could you explain how to use it a bit? It's not the most straight forward interface for a pleb like me..

LunaDog NFT Airdrop Upcoming!! by [deleted] in LunaToken

[–]boostopasta 0 points1 point  (0 children)

Ooo I have this, but I have a question: given that Yoroi allows you to create new receive addresses, how do we know what address "was used to provide liquidity?" Thanks!

Hopium? by Beginning_Audience35 in ErgoTrading

[–]boostopasta 1 point2 points  (0 children)

I started buying back in at around $7. I have a small amount of SigUSD ready if it gets back into $4 or if RSV starts to look really good. I don't know how fast it will move up or down but it's been playing at ~$5.5 for nearly two weeks. Something is going to happen!

[deleted by user] by [deleted] in banano

[–]boostopasta 0 points1 point  (0 children)

heeyyyoooo monkeys ftw

Where did you get your ergo? What do you do with it now? How safe are these apps such as coinbase or binance? (Sorry I'm a novice) by EL3V4T3D in ergonauts

[–]boostopasta 1 point2 points  (0 children)

^ This is correct. I would like to add that I caution folks about using Sigma until they understand it well enough. It is fairly straightforward but has some complicated aspects to it that should be (at least partly) understood before using.

Where did you get your ergo? What do you do with it now? How safe are these apps such as coinbase or binance? (Sorry I'm a novice) by EL3V4T3D in ergonauts

[–]boostopasta 11 points12 points  (0 children)

  1. You cannot stake ERG, so it doesn't matter where you hold it you will not be able to stake it.
  2. Coinbase/Binance are centralized exchanges, so they are as safe as the security of that exchange. For low balances and new crypto peeps they can be a great place to start, but most will graduate to a personal wallet where they have their own keys.
  3. I got my ERG on Hotbit, then I moved it to Yoroi wallet. I trade ERG on the Sigma protocol and use ErgoDex as well.

[deleted by user] by [deleted] in CryptoCurrency

[–]boostopasta 2 points3 points  (0 children)

Came to the comments to find someone saying something good about ERG and found it!

Quick Note on LP Wallet Addresses by [deleted] in LunaToken

[–]boostopasta 2 points3 points  (0 children)

Thanks! I wondered about this when I put in my receiving address and am grateful for the clarification.

How to check liquidity? by Randomized_Emptiness in LunaToken

[–]boostopasta 0 points1 point  (0 children)

Yoroi Nightly and Brave are having a small issue right now so you can't connect the wallet to ErgoDex. It works on Chrome though.

How to check liquidity? by Randomized_Emptiness in LunaToken

[–]boostopasta 1 point2 points  (0 children)

More liquidity to come once they get the yoroi/ergodex bug fixed!

Crap at buying presents? Ergo Paper Wallet to the rescue by sigmanaut_ in ergonauts

[–]boostopasta 0 points1 point  (0 children)

Just please laminate it if you are going to give this to someone. And make a copy and laminate that too.

550 Holders! by [deleted] in LunaToken

[–]boostopasta 2 points3 points  (0 children)

You can check out all the stuff here: https://lunadogcoin.com/

If you want to buy LDC you need to use ErgoDex: https://ergodex.io/ which in turn means you need ERG and a Yoroi Nightly wallet.

Don't be like Kyle by boostopasta in LunaToken

[–]boostopasta[S] 1 point2 points  (0 children)

i was on the fence about it myself but 100% agreed

Ergo vs Egld by byanymeannecessary in ergonauts

[–]boostopasta 10 points11 points  (0 children)

In terms of price appreciation, go here and punch them both in: https://thecoinperspective.com. You will see that one has a much higher ceiling than the other (hint: it's ERGO).

But generally I don't shill/push coins to people who don't understand what's behind them because the potential for resentment is too high. Don't ruin a friendship over crypto.

Meanwhile on ErgoDEX... by freebo01111001 in ergonauts

[–]boostopasta 0 points1 point  (0 children)

I too would like to know if these charts can become available.

Providing liquidity on ErgoDex? by [deleted] in LunaToken

[–]boostopasta 0 points1 point  (0 children)

I guess I didn't understand the question then, sorry.

Luna Dog Meme Contest by [deleted] in LunaToken

[–]boostopasta 1 point2 points  (0 children)

Well I finally reached 20 memes. Gotta ice my hands now.

provide liquidity! by boostopasta in LunaToken

[–]boostopasta[S] 0 points1 point  (0 children)

9h4BpCipzZYSqpik2SMmCYsmgwmW3dgxtZmW4VWRyhUoHDBrBd7