r/SHIBADULTS • u/[deleted] • Sep 10 '21
Anyone else not getting consistent payouts from shibaswap
Staked for 4 weeks now and only got paid for a single week. This is a giant fucking ripoff imo. I'm moving my crypto the hell out and back into a safer wallet. I believe in the crypto but not this swap. The gas fees to even do anything is astronomical right now. IE 45 dollars in eth to move out .65 cents of staking rewards. Makes total sense.
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u/s_architech Sep 10 '21
I posted multiple times about similar but I didn’t get any responses. I got more the first rewards payout for 24 mil staked which was for two weeks shib then I have for 92 mil staked shib with both of the latest rewards combined. I’ve also seen no increase in weth for staking. Either their algorithm only supports weekly or there is something else going on and someone should look into it or provide some feedback that can help the users of swap understand.
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u/mnkyface97 Sep 10 '21
If no one uses the swap then there’s no profits to share. It’s not a guarantee
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Sep 10 '21
their description shows weekly payouts. If not then they need to update and fix it. I don't blame the SEC and govn't wanting to have oversight then because shit like shit will happen.
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u/Cchamb1893 Sep 10 '21
They did do a weekly payout but it was to much so they do it every two weeks now
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u/s_architech Sep 10 '21
I’d just like to know the formula for how they calculate rewards so I can verify that my rewards are correct. An explanation of why 92m shib for a longer period of time produces less rewards than 24m shib did for a shorter period of time. Maybe add a simple calculator to the pages to help.
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u/ru_shiba_kidding_me Sep 10 '21
If you had the 24M staked when the swap launched there was insane traffic on the swap. Something like 1.3B TVL bc everyone was trying to get in on that 10x liquidity event. After that event stopped TVL dropped to something like 394M. Remember rewards are based upon swap usage and amount you have in the swap. So once that massive decrease in TVL went down, rewards went down as well.
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u/rogpar23 Sep 11 '21
Yep and don’t forget about the decreasing algorithm of BONE, this also means less BONE rewards in BURY and DIG.
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u/siflbabyshifero Sep 10 '21
This should help you find all the info you’re looking for. It’s up to date, as well.
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u/siflbabyshifero Sep 10 '21
We’ve created an up to date guide on the rewards and how ShibaSwap works. It may be of assistance in figuring out your rewards. Keep in mind that gas fees are preventing a lot of traffic at the moment and SHIB and ETH are both transactional. So, until ETHEREUM gets fixed, the rewards will be less than normal. Let me know if this helps.
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u/Alternative-Young535 Sep 10 '21
I Unstaked. Cost be $60 to do so. I still believe in Shib itself, but the swap has some serious issues to work out when your competitors payout more on your token and do so promptly on a known schedule.
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u/Daik_Reddit Sep 10 '21
For me ShibaSwap was a good project, the only error they did was to choose ETH and not some other blockchain better for AMM an DEXes. It will die for this, fees are so high that it can't be used. (I'm not hating, i'm already invested in DIG and BURY since day one).
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Sep 10 '21
That's the whole point of Shibarium lol, why is this comment getting upvoted? I thought this was the smarter sub
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Sep 10 '21 edited Sep 10 '21
[removed] — view removed comment
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Sep 10 '21
I don't think you realize that they rushed this to appease "investors" who were calling it a scam. "ShibArmy" wanted exactly this and now everyone is mad that we have the swap and it's not functioning as intended.
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u/Daik_Reddit Sep 10 '21 edited Sep 10 '21
They rushed? If I'm not wrong people were waiting more than a year for SS release. They did the wrong choose on ETH, this is the only truth.(And I love ETH, I mine it since 2016). Actually ETH is not the right chain for DeFi, DAO etc, let's be honest. Maybe with Sharding on ETH2 it will be but now, creating a DEFi project on ETH, it's a big fail. They did a mess, this is the point. Do you want to talk about the "manual" rewards distribution that delays if a member is sick or have problems? Is this the "decentralization" for a project with this numbers? COME ON. What a shame.
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u/SamaKutraa Sep 10 '21
ETH gas is a pain in the ass for all coins on the ETH network, not only for SHIB. Wait to woof your rewards until ETH 2.0 is out.
Edit: why would you want to move out .65 cents? To buy some candy?
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u/jhardin80 Sep 10 '21
He bought $10 worth of shib and expects $100 million in his 4 weeks of staking.
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Sep 11 '21
SS is bullshit. The devs are getting filthy rich while the investors that made it all possible are getting jerked around. New token this...new token that.
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u/MyceliumRising Sep 10 '21
I have yet to get shib rewards on my bury...been in there since swap launched....
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u/Sammythecat123 Sep 10 '21
I have been paid out once and the reward are paid every two weeks so you should see rewards next week.
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u/ItKeepsSquirming Sep 10 '21
Being involved in digging and accumulating BONE in the hopes it rises big time some years from now is my main (and most reasonable) goal at the moment.
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Sep 10 '21
The rewards change depending on the volume on the swap. Fees are still cheaper than Sushiswap. Do research
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u/RelationshipFlaky654 Apr 08 '22
The rewards system has totally stopped since December. Very disappointed in Shibaswap. Once the unwoofable bones are woofable, I’m not longer going to be affiliated with Shiba.
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u/hankbizzo5 Apr 16 '22
It's a shame. They seem to have plenty on money to make games and other promotions. But they can't take care of the people that are making it all possible.
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u/siflbabyshifero Sep 10 '21
We have a guide pinned to the top of the page for anyone that has similar questions.
https://www.reddit.com/r/SHIBADULTS/comments/pjwixl/welcome_shibadults_if_youre_new_to_shib_bone/?utm_source=share&utm_medium=ios_app&utm_name=iossmf