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51
General Discussion / HOW TO: Bitshares liquidity pools - Earn fee's!
« Last post by Brekyrself on January 11, 2025, 07:57:17 pm »
What is holding you back from staking your Bitshares in a liquidity pool to earn fee's instead of having them sit idle? By doing so you are providing to the backbone (liquidity) of what bts stands for, a decentralized financial exchange DeFi.


The steps below will vary slightly depending which wallet used, however all are quite similar.

Step 1: Learn about Liquidity Pools https://youtu.be/cizLhxSKrAc?feature=shared

Step 2: Start with which ever wallet you like best, TRY them all... ALWAYS BACKUP YOUR WALLET.

Reference wallet: https://github.com/bitshares/bitshares-ui/releases

The reference wallet does work however it is out classed by the following 3 options.

Web based wallet: https://app.xbts.io/#/pools

Mobile Android App (fantastic): https://github.com/bitshares/bitshares-mobile-app/releases/tag/v7.18-android-bin

Astro-UI is SIMPLE to use and beyond FULLY functional however you need both of these pieces of software working together. Once you see how these two pieces of software work together, you might never use any of the other wallets again:

https://github.com/BTS-CM/astro-ui

https://github.com/bitshares/beet


Step 3: Choose a pool

Now you must choose the other asset you will add to the pool along with your Bitshares.

One of the most common trades for all blockchains is going TO AND FROM stable coins. For example Bitcoin > USDT when you feel the price of btc will fall and back from USDT > Bitcoin when you feel the price of btc will rise.

One such smart asset stable coin on the Bitshares blockchain is honest.USD.

Knowing this, the honest.USD smart asset stable coin and BTS pool should have high trade volumes compared with a pool of lesser known assets.

r/BitShares - HOW TO: Bitshares liquidity pools - earn fee's!




Step 4: Acquire the other asset

In this example, the easy way to acquire honest.USD is to simply use the pool itself!

https://app.xbts.io/#/pool/HONEST.USDBTSMM

Exchange however many bitshares for the desired quantity of honest.USD. Try a small amount, under 5000 bts. Now you hold both assets and are ready to add them to the pool.

The better way to do this is by utilizing the foundation of smart assets themselves. Why does honest.USD have value? This method requires additional BTS that will be locked away until you return the honest.USD you created...

Browse to the bts / honestUSD MARKET.

Click BORROW.

You must place AT LEAST 1.4x collateral to borrow. Use 3x for this example and put 21,000 bts as collateral. This allows you to acquire ~10 honest.USD.

Borrow (create) the asset.

You now have 10 honest.USD

r/BitShares - HOW TO: Bitshares liquidity pools - earn fee's!




Step 5: Add assets to the pool

Browse to the pool in whichever wallet you are utilizing: https://app.xbts.io/#/pool/HONEST.USDBTSMM

Add both assets to the pool and you will receive x amount of the pool asset: HONEST.USDBTSMM.


Step 6: Monitor the pool over time

You can now keep an eye on the pool over time to see how many fee's are being generated and if it makes sense to keep your assets in the pool.

As seen on the xBTS web wallet: "By adding liquidity you'll earn % of all trades on this pair proportional to your share of the pool. Fees are added to the pool, accrue in real time and can be claimed by withdrawing your liquidity."


Step 7: Remove assets from pool

Perhaps after a month another pool has massive volume and you would like to add liquidity there.

Simply withdraw your funds leaving you with both bts & honest.USD.

Trade the honest.USD for another asset or bts itself.

IF YOU BORROWED honest.USD into existence and want to close that out, go back to the bts / honest.USD MARKET, click borrow, enter the amount of honest.USD you borrowed, and click update position. The reference wallet has a button labeled "pay max debt" to make it easy. This now unlocks and returns to you the BTS you put in as collateral when borrowing. That honest.USD is not burned and no longer circulates, thus completing the circle on how/why honest.USD has underlying value.


Step 8: Never stop learning

Some more basic information on how honest.ASSETS work on the bitshares DeFi blockchain: https://honest.gold/

The possibilities around DeFi are far reaching.
52
General Discussion / Re: Binance will sell out 356M BTS in next 3 months
« Last post by abit on January 07, 2025, 04:27:57 pm »
In 8th Nov, totally 200M BTS are sent from binance BTS wallet account   binance-bitshares-tss to gate and MEXC.

according to binance's announcement in 12th Aug, binance will perform a conversion of BTS to USDC based on user's holdings in their binance wallet and return U to users, the conversion will be completed by 2025/3/1.

so it's clear that now binance began the "conversion" - in other words, they will sell out the total 356M BTS in CEX like gate and MEXC before 2025/3/1.

UPDATE:

Today (Jan 7, 2025) in total 155M BTS was sent from binance BTS wallet account binance-bitshares-tss1 to gate.io and MEXC, 77.5M each first, later mostly moved to gate.io. As of writing there is 1,175,867 BTS in binance wallet account.

UPDATE 2025-3-9 : fixed the account name above.
53
General Discussion / Re: Binance will sell out 356M BTS in next 3 months
« Last post by abit on January 05, 2025, 12:03:57 pm »
Once again, it is very clear that ByBit does not own that account. It is owned by the scammer.

...
By the way, judging from the text you quoted, after you started replying to me, I edited my post and supplemented some info. Maybe you missed it. See https://bitsharestalk.org/index.php?topic=34110.msg350735#msg350735
54
General Discussion / Re: Binance will sell out 356M BTS in next 3 months
« Last post by abit on January 05, 2025, 11:50:39 am »

I would still appreciate if Bitcrab (or even yourself if You can acquire information) would be decent enough to reply to the 1st question I've popped:

1.) Is the sellout done ? Today is 5th of January 2025.


There are links in OP. Quoted below.

In 8th Nov, totally 200M BTS are sent from binance BTS wallet account   binance-bitshares-tss to gate and MEXC.

according to binance's announcement in 12th Aug, binance will perform a conversion of BTS to USDC based on user's holdings in their binance wallet and return U to users, the conversion will be completed by 2025/3/1.

so it's clear that now binance began the "conversion" - in other words, they will sell out the total 356M BTS in CEX like gate and MEXC before 2025/3/1.

https://blocksights.info/#/accounts/binance-bitshares-tss1
From on-chain data there is still 156M BTS in Binance's cold wallet account. In other words, judging from public info, nothing has changed after Binance sent 200M BTS to other exchanges. So I think Binance hasn't sold out yet.

Nevertheless, MEXC's account balance has returned to the level before Binance sent them 100M, that means the 200M has been mostly moved to Gate.io. Whether the 200M is still in Binance's hands, or how much they have sold, is something I don't know. I guess they have sold most of the 200M since around 2 months have passed already and they have less than 2 months left to sell the rest.

FYI, at the time that Bitcrab posted OP here, he also talked in chat groups about an idea that maybe the community can crowdfund to buy Binance's BTS off the counter, and some days later he said in a chat group that he's unable to contact the person(s) in charge in Binance, so he gave up the idea.

By the way, Indodax (a.k.a. Bitcoin Indonesia) delisted BTS recently: https://blog.indodax.com/delisting-des2/ . As of writing there is around 52M BTS in their accounts (dropped from around 80M (IIRC)). According to their announcement, they will sell off by January 16, 2025.
https://blocksights.info/#/accounts/indodax-cold
https://blocksights.info/#/accounts/bitcoinindonesia
55
General Discussion / Re: Binance will sell out 356M BTS in next 3 months
« Last post by Digital Lucifer on January 04, 2025, 10:35:01 pm »

Abit,

Please read the ticket and investigate account. ByBit EXCHANGE issued that deposit details and user transferred from MXCOM to ByBit.

Fact is BTS is not listed on ByBit so there is no way a user can transfer BTS from anywhere to ByBit. The victim was convinced by the scammer that he/she can do that and profit from it. It's not ByBit's fault.

It's not our fault either.

Quote
Interesting thing is that MXCOM HAS LEGAL RESPONSIBILITY to catch the Scammer that is using their exchange to defraud people for funds (even if it isn't MXCOM itself or ByBit) - NOT TO POINT FINGERS OUR WAY.

MXCOM maybe has legal responsibility about that, or not, I don't know. I'm not a lawyer. If so, it is the victim's responsibility to ask related authorities to take action, it's not appropriate that we do anything on behalf of the victim, especially when you even don't know what has happened. Although I generally don't like authorities, if they request something by the law, I'm willing to cooperate.

Quote
Point: Educate them, or authorities will educate them.

Maybe my prejudice, I think authorities usually make things worse.

Quote

And to be clear: do not ever again compare my history with any of them, I had the decency to follow up on legalities with any/every company I've touched. I signed every paper and every investment deal by name of myself even it costed ME IN THE END EVERYTHING - so please educate yourself more, I'm still learning and surprisingly You seem be in denial for new lessons which personally makes me truly sad. 

Small note on account owned by ByBit -> All the funds are automatically (probably by bot) being sent back straight to MXCOM, hence the responsibility is 100% ON THEM.
Once again, it is very clear that ByBit does not own that account. It is owned by the scammer.

Thank You for setting aside Your own prejudice and making this reasonable conversation. I will step down from communicating further with the user apart from pointing out to the user itself that MXCOM has full legal responsibility as by the investigation of the account ->> scammer is using MXCOM to defraud people as the funds are coming back within seconds to the same exchange account on the BitShares blockchain.

I would still appreciate if Bitcrab (or even yourself if You can acquire information) would be decent enough to reply to the 1st question I've popped:

1.) Is the sellout done ? Today is 5th of January 2025.
56
General Discussion / Re: Binance will sell out 356M BTS in next 3 months
« Last post by abit on January 04, 2025, 07:57:20 pm »

Abit,

Please read the ticket and investigate account. ByBit EXCHANGE issued that deposit details and user transferred from MXCOM to ByBit.

Fact is BTS is not listed on ByBit so there is no way a user can transfer BTS from anywhere to ByBit. The victim was convinced by A SCAMMER (not ByBit) that he/she can do that and profit from it. It's not ByBit's fault.

It's not our fault either.

Quote
Interesting thing is that MXCOM HAS LEGAL RESPONSIBILITY to catch the Scammer that is using their exchange to defraud people for funds (even if it isn't MXCOM itself or ByBit) - NOT TO POINT FINGERS OUR WAY.

MXCOM maybe has legal responsibility about that, or not, I don't know. I'm not a lawyer. If so, it is the victim's responsibility to ask related authorities to take action, it's not appropriate that we do anything on behalf of the victim, especially when you even don't know what has happened. Although I generally don't like authorities, if they request something by the law, I'm willing to cooperate.

Quote
Point: Educate them, or authorities will educate them.

Maybe my prejudice, I think authorities usually make things worse.

Quote

And to be clear: do not ever again compare my history with any of them, I had the decency to follow up on legalities with any/every company I've touched. I signed every paper and every investment deal by name of myself even it costed ME IN THE END EVERYTHING - so please educate yourself more, I'm still learning and surprisingly You seem be in denial for new lessons which personally makes me truly sad. 

Small note on account owned by ByBit -> All the funds are automatically (probably by bot) being sent back straight to MXCOM, hence the responsibility is 100% ON THEM.

I'm not promising user that "I will" get his money back. Seems you forgotten that I'm more intelligent than that.

I'm sending notice to user that if his money is not in his account by end of the weak, I will use his transcripts and authorization to go to the Authorities as he is the defrauded victim here.

Once again, it is very clear that ByBit does not own that account. It is owned by a scammer.

Just FYI, we have the https://t.me/BitSharesScams Telegram Group to educate victims, you can see the common scam schemes. The message you got is one of them, see https://t.me/BitsharesScams/33.

We have more than 3000 maybe-scam-related accounts listed here https://github.com/bitshares/bitshares-ui/blob/develop/app/lib/common/scamAccounts.js, but actually there are much more such accounts on the blockchain and new scam accounts are being created every day. We are just unable to catch them all.

BitShares can and will built different case, against slander and incompetence by the exchange that pointed finger our way.
This is another topic. I don't like that they point fingers to us either. But don't make mistakes like them.
57
General Discussion / Re: Binance will sell out 356M BTS in next 3 months
« Last post by Digital Lucifer on January 04, 2025, 04:18:50 pm »
And Abit:

I'm not promising user that "I will" get his money back. Seems you forgotten that I'm more intelligent than that.

I'm sending notice to user that if his money is not in his account by end of the weak, I will use his transcripts and authorization to go to the Authorities as he is the defrauded victim here.

BitShares can and will built different case, against slander and incompetence by the exchange that pointed finger our way.

P.S. Stop arguing, arguing is for people less intelligent than we are.

I am back and here to stay. And as far as I am concerned, I'm already doing more than many others who stayed/took over after I was removed. Customer/User base is only thing what matters for success and recognition - nothing else.
58
General Discussion / Re: Binance will sell out 356M BTS in next 3 months
« Last post by Digital Lucifer on January 04, 2025, 04:06:21 pm »
In 8th Nov, totally 200M BTS are sent from binance BTS wallet account   binance-bitshares-tss to gate and MEXC.

according to binance's announcement in 12th Aug, binance will perform a conversion of BTS to USDC based on user's holdings in their binance wallet and return U to users, the conversion will be completed by 2025/3/1.

so it's clear that now binance began the "conversion" - in other words, they will sell out the total 356M BTS in CEX like gate and MEXC before 2025/3/1.

Hi,

Merry Christmas and Happy New Year Jerry. Long time we haven't interacted which is on me - and starting off the wrong foot will be again on me.

Please endure following questions and reply as fast as possible:

1.) Today is January 4th 2025. Is the conversion mentioned above done ? Is the Pump&Dump finalized ?

2.) December 24th 2024 we have received a very ticket support with inquiry ending up in very interesting results.



Doing investigation of the mentioned account where withdrawal was made I was (not)surprised to see that ByBit is just another clone of MXCOM/Binance and all of that bullshit from the past 6 years that has been going on.

https://wallet.bitshares.org/#/account/thor1l8hvnr2rec39qnk5365hppywtwr8p8qwq3z3yw

If You navigate to 5th page in the account activity You will find transaction of the victim reaching to support.

Now, I honestly had some personal growth over the past 2 years and I'm completely not interested in the structure, scheme or way of You and Your exchange buddies are doing business, but I DO CARE ABOUT BITSHARES USERS and I DO NOT ALLOW SCAM.

So to be clear, I will  today write a reply that his money will be back in his account by the end of the week (tomorrow) and You will go back to your MXCOM buddies and explain to them (if they haven't learned after 11 years of existence of BitShares):

Re: "I will  today write a reply that his money will be back in his account by the end of the week"

I'd say you're acting completely wrong. I don't think you can make it, so why promise it in the first place?

The user was scammed, yes. It is his/her greed and ignorance that caused it. Such scams are happening every day in the world. You are not the God, you can't save all people.

You do not allow scam, that's fine. But you need to have the strength to do it well. Your past behavior does not prove it.

A clear fact is that this account https://wallet.bitshares.org/#/account/thor1l8hvnr2rec39qnk5365hppywtwr8p8qwq3z3yw is owned by the scammer but not any exchange you mentioned, nor bitcrab who you're pointing finger to. The scheme is simple, the scammer somehow convinced the victim to send funds (from wherever) to his account and he sends it back to the victim's account (again wherever) with a bonus and he can decide to not send back at all.

Quote

ITS NOT BLOCKCHAIN RESPONSIBILITY FOR TRANSACTIONS MADE AND THE FUNDS FUNNELED BY THE CENTRALIZED EXCHANGES ARE THEIR RESPONSIBILITY AS THEY ARE SOLE OWNERS OF THEIR ACCOUNTS CREATED ON OUR BLOCKCHAIN AND TO NEVER AGAIN THEIR SUPPORT PUT A FINGER POINTING THIS WAY FOR THAT SHADY ATTEMPTS OF SCAMMING AND/OR STEALING MONEY

or...

I'll personally write a letter to Ms. Salgado-Juarez, Mariela (USAILN) in the US Department of Justice who is aligned with Federal Bureau of Investigation for Victim Support in cases of fraud&scam with cc to Mr. Gary Gensler who is the chair of the US SEC on Monday morning giving them full structure of the cloned exchanges without proper licenses operating from a dead and/or un-existing companies somewhere in England.

I hope I was crystal clear and no hard feelings. But, unfortunately I am back and I never allowed or will allow anything similar to this.

Best regards,

Co-Founder/Venture Architect @ BitShares
Milos DL Preocanin

IMHO Seeking support from the authorities is never a good idea. The real solution is education.

Abit,

Please read the ticket and investigate account. ByBit EXCHANGE issued that deposit details and user transferred from MXCOM to ByBit. Interesting thing is that MXCOM HAS LEGAL RESPONSIBILITY to catch the Scammer that is using their exchange to defraud people for funds (even if it isn't MXCOM itself or ByBit) - NOT TO POINT FINGERS OUR WAY. Point: Educate them, or authorities will educate them.

And to be clear: do not ever again compare my history with any of them, I had the decency to follow up on legalities with any/every company I've touched. I signed every paper and every investment deal by name of myself even it costed ME IN THE END EVERYTHING - so please educate yourself more, I'm still learning and surprisingly You seem be in denial for new lessons which personally makes me truly sad. 

Small note on account owned by ByBit -> All the funds are automatically (probably by bot) being sent back straight to MXCOM, hence the responsibility is 100% ON THEM.
59
General Discussion / Re: Binance will sell out 356M BTS in next 3 months
« Last post by abit on January 04, 2025, 02:26:17 pm »
In 8th Nov, totally 200M BTS are sent from binance BTS wallet account   binance-bitshares-tss to gate and MEXC.

according to binance's announcement in 12th Aug, binance will perform a conversion of BTS to USDC based on user's holdings in their binance wallet and return U to users, the conversion will be completed by 2025/3/1.

so it's clear that now binance began the "conversion" - in other words, they will sell out the total 356M BTS in CEX like gate and MEXC before 2025/3/1.

Hi,

Merry Christmas and Happy New Year Jerry. Long time we haven't interacted which is on me - and starting off the wrong foot will be again on me.

Please endure following questions and reply as fast as possible:

1.) Today is January 4th 2025. Is the conversion mentioned above done ? Is the Pump&Dump finalized ?

2.) December 24th 2024 we have received a very ticket support with inquiry ending up in very interesting results.



Doing investigation of the mentioned account where withdrawal was made I was (not)surprised to see that ByBit is just another clone of MXCOM/Binance and all of that bullshit from the past 6 years that has been going on.

https://wallet.bitshares.org/#/account/thor1l8hvnr2rec39qnk5365hppywtwr8p8qwq3z3yw

If You navigate to 5th page in the account activity You will find transaction of the victim reaching to support.

Now, I honestly had some personal growth over the past 2 years and I'm completely not interested in the structure, scheme or way of You and Your exchange buddies are doing business, but I DO CARE ABOUT BITSHARES USERS and I DO NOT ALLOW SCAM.

So to be clear, I will  today write a reply that his money will be back in his account by the end of the week (tomorrow) and You will go back to your MXCOM buddies and explain to them (if they haven't learned after 11 years of existence of BitShares):

Re: "I will  today write a reply that his money will be back in his account by the end of the week"

I'd say you're acting completely wrong. I don't think you can make it, so why promise it in the first place?

The user was scammed, yes. It is his/her greed and ignorance that caused it. Such scams are happening every day in the world. You are not the God, you can't save all people.

You do not allow scam, that's fine. But you need to have the strength to do it well. Your past behavior does not prove it.

A clear fact is that this account https://wallet.bitshares.org/#/account/thor1l8hvnr2rec39qnk5365hppywtwr8p8qwq3z3yw is owned by a scammer but not any exchange you mentioned, nor bitcrab who you're pointing finger to. The scheme is simple, the scammer somehow convinced the victim to send funds (from wherever) to his account and he sends it back to the victim's account (again wherever) with a bonus and he can decide to not send back at all.

Quote

ITS NOT BLOCKCHAIN RESPONSIBILITY FOR TRANSACTIONS MADE AND THE FUNDS FUNNELED BY THE CENTRALIZED EXCHANGES ARE THEIR RESPONSIBILITY AS THEY ARE SOLE OWNERS OF THEIR ACCOUNTS CREATED ON OUR BLOCKCHAIN AND TO NEVER AGAIN THEIR SUPPORT PUT A FINGER POINTING THIS WAY FOR THAT SHADY ATTEMPTS OF SCAMMING AND/OR STEALING MONEY

or...

I'll personally write a letter to Ms. Salgado-Juarez, Mariela (USAILN) in the US Department of Justice who is aligned with Federal Bureau of Investigation for Victim Support in cases of fraud&scam with cc to Mr. Gary Gensler who is the chair of the US SEC on Monday morning giving them full structure of the cloned exchanges without proper licenses operating from a dead and/or un-existing companies somewhere in England.

I hope I was crystal clear and no hard feelings. But, unfortunately I am back and I never allowed or will allow anything similar to this.

Best regards,

Co-Founder/Venture Architect @ BitShares
Milos DL Preocanin

IMHO Seeking support from the authorities is never a good idea. The real solution is education.
60
General Discussion / Re: Binance will sell out 356M BTS in next 3 months
« Last post by Digital Lucifer on January 04, 2025, 09:51:33 am »
In 8th Nov, totally 200M BTS are sent from binance BTS wallet account   binance-bitshares-tss to gate and MEXC.

according to binance's announcement in 12th Aug, binance will perform a conversion of BTS to USDC based on user's holdings in their binance wallet and return U to users, the conversion will be completed by 2025/3/1.

so it's clear that now binance began the "conversion" - in other words, they will sell out the total 356M BTS in CEX like gate and MEXC before 2025/3/1.

Hi,

Merry Christmas and Happy New Year Jerry. Long time we haven't interacted which is on me - and starting off the wrong foot will be again on me.

Please endure following questions and reply as fast as possible:

1.) Today is January 4th 2025. Is the conversion mentioned above done ? Is the Pump&Dump finalized ?

2.) December 24th 2024 we have received a very ticket support with inquiry ending up in very interesting results.



Doing investigation of the mentioned account where withdrawal was made I was (not)surprised to see that ByBit is just another clone of MXCOM/Binance and all of that bullshit from the past 6 years that has been going on.

https://wallet.bitshares.org/#/account/thor1l8hvnr2rec39qnk5365hppywtwr8p8qwq3z3yw

If You navigate to 5th page in the account activity You will find transaction of the victim reaching to support.

Now, I honestly had some personal growth over the past 2 years and I'm completely not interested in the structure, scheme or way of You and Your exchange buddies are doing business, but I DO CARE ABOUT BITSHARES USERS and I DO NOT ALLOW SCAM.

So to be clear, I will  today write a reply that his money will be back in his account by the end of the week (tomorrow) and You will go back to your MXCOM buddies and explain to them (if they haven't learned after 11 years of existence of BitShares):

ITS NOT BLOCKCHAIN RESPONSIBILITY FOR TRANSACTIONS MADE AND THE FUNDS FUNNELED BY THE CENTRALIZED EXCHANGES ARE THEIR RESPONSIBILITY AS THEY ARE SOLE OWNERS OF THEIR ACCOUNTS CREATED ON OUR BLOCKCHAIN AND TO NEVER AGAIN THEIR SUPPORT PUT A FINGER POINTING THIS WAY FOR THAT SHADY ATTEMPTS OF SCAMMING AND/OR STEALING MONEY

or...

I'll personally write a letter to Ms. Salgado-Juarez, Mariela (USAILN) in the US Department of Justice who is aligned with Federal Bureau of Investigation for Victim Support in cases of fraud&scam with cc to Mr. Gary Gensler who is the chair of the US SEC on Monday morning giving them full structure of the cloned exchanges without proper licenses operating from a dead and/or un-existing companies somewhere in England.

I hope I was crystal clear and no hard feelings. But, unfortunately I am back and I never allowed or will allow anything similar to this.

Best regards,

Co-Founder/Venture Architect @ BitShares
Milos DL Preocanin
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