Stable Income 🌹

@abs_HP fe0b3129-c3ef-4e81-9e59-c9bbe98c052c

@OREllionsNFT @OREsupply Holder role

Verifying my handle for my 100 $USDT airdrop from @Fogolend on @FogoChain! 🚀 Claim your free testnet USDT here: fogolend.com/airdrop/USDT/c… Claim ID: 9cAad1wJERLovFd3jpCSbJhcQP5gGK974CavCAgM4Ebp $FOGO

Verifying my handle for my 100 $USDC airdrop from @Fogolend on @FogoChain! 🚀 Claim your free testnet USDC here: fogolend.com/airdrop/USDC/c… Claim ID: 8ASL64KHPQzsPPe14HAAGKATcZs4K4KgN1cD4whUChZs $FOGO

Verifying my handle for my 0.01 $ETH airdrop from @Fogolend on @FogoChain! 🚀 Claim your free testnet ETH here: fogolend.com/airdrop/ETH/cl… Claim ID: 4jxBhGKCqcMpiaYYbkbmHGqDWYTXQRiiZA4PkVEvFpL6 $FOGO

Verifying my handle for my 0.001 $BTC airdrop from @Fogolend on @FogoChain! 🚀 Claim your free testnet BTC here: fogolend.com/airdrop/BTC/cl… Claim ID: 7q7iMvHeWsUdeQ6HKn7aZA8zp1Pna2rRAPiLGmU14qwx $FOGO

Verifying my handle for my 1 $SOL airdrop from @Fogolend on @FogoChain! 🚀 Claim your free testnet SOL here: fogolend.com/airdrop/SOL/cl… Claim ID: 7JvT4GS1URA21hareE2dz49vyZSTQthYJA2voGfCPWCL $FOGO

So after yesterday's introduction to the fundamentals of @OREsupply mining, today's educational seminar courtesy of @compoundORE - future home no click $ORE compounding and zero interest USDC advances without liquidation risk - is on where to start after getting $ORE-pilled. As was the case yesterday, as an extra incentive to help spread this content I put a few hours into creating on my way back from Europe today, we will be doing a solo $ORE giveaway for retweeting. To be eligible you must all follow @zedge_ore and @compoundORE. Okay so with the boring stuff covered... let's set the stage for what we're going to be talking about today. You've just been $ORE-pilled and you have $10k to invest and you're curious should I buy spot and stake or should I mine or do both or something else. Something else could be providing liquidity on @MeteoraAG etc but for now we will ignore than and just focus on the buy vs mine decision and touch a little on the go vs wait decision. For today we will assume you have $10k to invest, $ORE is $150 and you earn 20% with compounding when you stake vs 100% when you mine (no compounding). As a reminder you pay a 10% tax when refining your mined ore... but the yield you get from holding unrefined mined ore is already refined and thus does not result in a tax when you claim. So below I've put together a nice table showing you how much $ORE you have buying spot vs mining and refining after various amounts of time and mining premium. As a reminder, mining returns as so attractive many people are willing to mine at a premium to spot (myself included - doing 3 sol a block as I write this patiently waiting for the @photofinishgame miner to launch). It should be common sense that our goal should be to get as much $ORE as possible for our $10k. To answer what is optimal you need to know both what your time horizon is and how expensive it will be to mine. There are lots of good tools to figure out how expensive it is to mine (ore dot monster is a good new one I stumbled across from @oredotmonster). Below is a screenshot of what I look for... $235 production price and $191 spot price or a 23% premium. From spending a lot of time in the mines that is a pretty good price, especially for a large motherlode with around 200 ore and a low absolute price for ore (we were at 500+ not long ago so good time to stack up). Bottom left there is a heat map showing the outcome in terms of number of $ORE you end up with after holding various amounts of time buying spot vs mining at various premiums. Mining is all about taking the long view so for now we will talk about the return for waiting a year (though I've included 0 to 24M in each figure so pick whatever you want) In our example, your $10k buys you 67 ore at a $150 spot price. This ore compounds to 81 ore after 12 months. If you could instead amass an unrefined ore position for the same price then you would be better off after waiting 2 months (your 100% yield would more than offset the 10% refining cost). If you wait the full year, then your 0% permium unrefined ore position would leave you with 127 ore after refining. It is quite hard to mine for spot... perhaps some people can do it and the smaller the amount you need to invest the more selective you can be... if we instead say you mine for a 20% premium to spot, like current conditions and where I am generally mining, then you start out with only 50 ore... a lot less than buying spot. You pay a premium to get your ore and a tax to refine it... it really only makes sense to mine if you have long-term conviction in ore and the liquidity to not need to access your ore for awhile. In this 20% premium example, you start to breakeven by month 5 and by month 12 you have 106 ore. Ending the year with 106 ore vs the staker with 81 gives you a nice margin of error. We will get into that more in the post below

@nftimm mined ore > market ore

I have a confession to make. I have a lot of $ORE. I don’t need to mine anymore. BUT I WILL NEVER STOP MINING ⛏️⛏️⛏️

@zedge_jpeg @TrustlessTooth You're moving fast 🫡

@TrustlessTooth My goal is to share an update by end of week - will likely have to release a beta with very low limits to start until we can finish our audits. Rather measure three times and cut once with a project of this importance

@zedge_jpeg how far along is ORElend? Asking for a friend.

@mattytay @OREsupply Do you mean through another protocol like vanish? Is there anything in the works now?

@StableIncome1 @OREsupply Ore txns can become private through all of the layers of privacy being built on Solana rn.

You can’t “wrap it and move it” without fragmenting liquidity and trusting risky third parties. Zcash provides privacy on its L1, but it doesn’t have a thriving economy/dev eco like Solana. And wrapped ZEC runs into the same problems as wrapped BTC. But there is a 3rd option.

@CryptoTHG @KEMOS4BE At the current burn rate, no. In fact it may shrink even more. But you are correct in that the protocol allows for 5m tokens to be minted. So if burns went to 0 we would have full supply in about 8 yrs.

@KEMOS4BE I mean missing some details i was hoping to find (still got a nice bag) Unsure what changes were made recently - beyond the new site/platform. The circ. supply is still quitte small (1/10th?) will the rest not be added ever - article seems to insinuate that.

@mattlefun @HardhatChad

Let’s play a little game – guess the name of our next character 👀 (Hint: it’s a big name in the space) ⚡Fastest correct answer wins 500 $MATTLE!

Solana devs are flooding into ORE’s design space: privacy modules, oracle bridges, lending hooks, stORE, validator pipelines… The chain hasn’t seen this level of coordinated composability in a long time. Mining was the tutorial. The real protocol is loading. 
$ORE

@zedge_jpeg @solana What you got cookin? 👨‍🍳

Had to break my rule of only selling yield to endow the first company on @solana with an $ore treasury...

@ThirdTimeIan @SangudoStables @Squirrelingtonn @OREsupply My time to shine

@SangudoStables @StableIncome1 @Squirrelingtonn @OREsupply

I love $ore, I hold quite a bit of @OREsupply Two questions: 1. How much $ore was in circulation before the mining protocol was released? 2. Since the token is built on native-Solana, can it be replicated at this point?

@Squirrelingtonn @OREsupply @dchapman If you hop in the discord someone should know. There's a guy slxtnt (if I remember correctly) if you ask him he should know it all.

@StableIncome1 @OREsupply @dchapman Ahh gotcha. Tried to find information on this and couldn’t so I thought I’d ask here. Is there any way to access the precious documentation that you know of?

@ThirdTimeIan @Squirrelingtonn @OREsupply @SangudoStables Brilliant idea!!!

@Squirrelingtonn @OREsupply Bryce already asked me to build smore.suppy lol @SangudoStables

@Squirrelingtonn @OREsupply @dchapman No, there was some mined initially, when they jammed up the whole chain. But there wasn't much, I think around 100k, so the price was up to $1000. Then v2 was released and more tokens emitted through staking and boosts. That was in place up until about a month ago.

@StableIncome1 @OREsupply There was a lot of ore in circulation prior to the mining protocol being released if I remember correctly? I know @dchapman sent me some like a year ago it seems, had to have come from somewhere