STA-FAQs

Statera’s (STA) name is derived from the Latin word for balance.

This publication serves as a guide for common questions asked about Statera and its ecosystem. As we develop and expand, so will this document, so please check in from time to time.

Frequently Asked Questions

What is Statera?

Statera (STA) is a smart contract powered Indexed Deflationary Token (IDT), which synergizes with a trustless and community-driven portfolio of class-leading cryptocurrencies. Currently, the portfolio includes: (WBTC), (WETH), (LINK) (SNX) & (STA).

What benefits does deflation bring?

The deflationary mechanism of Statera (STA) benefits the index fund that it lives in by decreasing volatility and increasing positive price pressure. The deflationary mechanism also benefits the ecosystem it works in, by increasing volume (trades), which increases chances for rebalances/swaps, thereby producing tighter spreads and increased access to arbitrage.

This means that the value we bring increases the ability of the system to function more efficiently (tighter spreads, less slippage, better fees for users).

What does rebalance mean?

Rebalance is the process whereby the liquidity pool will automatically sell off assets that are disproportionately higher than others. For example, if ETH price increases compared to STA, Uniswap liquidity pool will sell off ETH to regain a fixed ratio value of 50% Statera.

What products does Statera offer?

Our current portfolio options are:

  • STA — Benefits from the price action of our whole ecosystem
  • STA Delta Token — an ERC 20 standard token which is 50/50 STA/ETH, which will earn you fees, is tradeable and can be added to the Phoenix Fund.
  • STA Delta Liquidity Token — an ERC 20 standard token which is 25/75 STA/ETH. This will earn you fees but we do not plan to make it tradeable (but this is all decentralized so this could happen), and it cannot be used to add to Phoenix Fund.
  • Phoenix Fund — a secure deflationary index fund of 40/30/10/10/10 STA Delta/wETH/wBTC/LINK/SNX

For more on our options, check out this infographic

How does it work?

The composition and weighting of our liquidity pools allow deflation to influence our index fund. Our pools produce positive price pressure, encouraging more trading of STA, which in turn influences price even more.

The Phoenix Fund needs to buy and sell Delta tokens based on the price fluctuation of the other tokens in the fund. Delta comes from Delta Pool (Delta/ETH), which gets its Statera from Statera Pool (STA/ETH), where the deflation happens. Thereby creating arbitrage, volume, and price positive supply/demand pressure.

These movements create liquidity ripples in Uniswap, which cause our pool to increase volume (trades and opportunities for arbitrage); further helping the system provide tighter spreads, efficient liquidity, and better fees for users (less slippage). All of these movements burn Statera and fuel our Deflationary Index Fund.

What advantages/ opportunities arise from holding Statera?

  • Increases positive price pressure and decreases volatility — caused by the deflation.
  • Gives one token access to the ecosystem, price action of assets is pegged to, and benefits of arbitrage.
  • Deflation can be put into any index fund or other financial instrument.
  • Deflation rewards loyalty, if you get in early when supply is high, as supply goes down assets get more valuable.
  • Diversification — Exposure to the price action of class-leading digital assets.
  • Passive income- make money while you hold your crypto (over 30% APY).

What differentiates Statera from other deflationary digital assets?

We currently don’t have any direct competitors and although we did for some time they have since shifted models. We have some edge competitors who are more focused on the social and trading outcomes of deflation, and who lack similar goals and vision such as ours.

There are currently no other indexed deflationary tokens on the market. We are also positioning ourselves more broadly to be a finance-focused deflationary token. Deflation has some very powerful economic outcomes that we want to see play out in the cryptocurrency market globally. We have the first mover and network effect advantages in this respect. We are also highly decentralized and our wallet holders are highly spread out (rather than one wallet holding 50% of funds). All in all, we are ideally positioned to lead the way in being a deflationary asset leader, how valuable is that? Time will tell!

What is impermanent loss and how is it relevant?

It’s the difference between the value of your assets in the pool and the value of your assets had you not pooled them and held them instead.

The Uniswap pool makes it so the dollar value of your pooled assets stays equal. Best way to see it is through an example.

1) Say you have 100 STA and 10 ETH which are both worth $1,000 for a total starting amount of $2000. In this example, the STA price is $10 and the ETH price is $100.

2) Now say STA price doubles to $20 (ETH stays the same). Your total pooled value is now $3000, Uniswap will balance the value of each asset so that it’s $1,500 for each asset. The portfolio now 75 STA and 15 ETH.

3) Now say STA doubles again to $40 (again ETH stays the same), from 2), you have 75 STA and 15 ETH (as Uniswap balanced them last time the price doubled) so STA value is 75*40=3,000 and the ETH value is 15*100=1,500, in total the value is $4,500. The liquidity pool balances these values again to $2250 each. At this point, you own 56.25 STA and 22.5 ETH.

4) This is where the impermanent loss comes in, at the end of all this balancing you have 56.25 STA and 22.5 ETH, with a total wealth of $4500. If you had held your original assets you would have 100 STA and 10 ETH, with STA @ $40 and ETH @ $100 you would have $4,000 (in STA) + $1,000 (in ETH) = $5,000.

The impermanent loss is the difference between the $5,000 (unpooled) and the $4,500 (pooled) values so $500.

How can I purchase Ethereum in order to buy Statera tokens?

Your country of origin and bank may determine your specific options. Generally speaking, as of the time of this writing, many first time buyers of cryptocurrencies choose to comply with KYC and obtain Ethereum with fiat as the first step. This can be done through a Centralized Exchange (CEX), such as Coinbase, Swissborg, Crypto.com or Binance; to name a few. CEXs require Identification and support wire transfer from bank accounts and usually take a few days to process new accounts. US users may want to choose a centralized exchange such as Kraken that is based in the USA for compliance and taxation purposes and therefore somewhat lower risk.

For USA and Canada users, Crypto.com and Shakepay offer the convenience of accepting USD and CAD wire transfers from within their mobile apps.

For some users, however, downloading Metamask or installing it as a browser extension/add-on is the easiest and fastest way to get set up to buy and manage their own cryptocurrency. This method doesn’t require ID or an exchange account.

Metamask has an in-wallet option to purchase Ethereum with a VISA or Debit card that works for some but others may find their banks place arbitrary restrictions on the use of their cards so the only way to know for sure if buying through Metamask will work for you is to try. If not, it may be easiest to create a CEX account and send the Ethereum you buy there to your MetaMask wallet.

Check out our instructional video for more detailed information about buying Ethereum and Statera with Metamask.

How can I purchase Statera tokens?

Check out the instructional video here or follow the instructions below. If you don’t already have an Ethereum balance in your Metamask check out ‘How can I purchase Ethereum’ above.

  • Navigate to the site app.uniswap.org with enough Ethereum to purchase Statera tokens and to cover the gas fees.
  • Click ‘Connect’ to allow the site to interact with your wallet.
  • Click the blue ‘Select a token’ button then examine the bottom bar of the token list to the right of the Uniswap list and click ‘Change’
  • Select the ‘1Inch’ list
  • Type Statera in the token search box and click STA after it appears.
  • Approve ETH, confirm the transaction in Metamask, and wait for it to complete. Don’t be alarmed if this takes several minutes.
  • Click the gear icon in the top right of the UniSwap page and adjust slippage to a minimum of 1.05%
  • Click Swap to convert your Ethereum to Statera. If you encounter an error, make sure you are purchasing a whole number of STA ie. 100 vs. 100.87654346755
  • Confirm the transaction in your Metamask and wait for it to complete.
  • Verify the STA tokens in your Metamask by adding a token with the contract address 0xa7DE087329BFcda5639247F96140f9DAbe3DeED1

How can I purchase or mint Statera Delta tokens?

Statera Delta tokens are minted and unminted in the UniSwap liquidity pool, but are also traded on the open market.

How to buy Delta from UniSwap:

  1. Navigate to the site app.uniswap.org with enough Ethereum to purchase Delta token and cover the gas fees.
  2. Click ‘Connect’ to allow the site to interact with your wallet if required.
  3. Click the blue ‘Select a token’ button and input the Statera Delta token contract address: 0x59f96b8571e3b11f859a09eaf5a790a138fc64d0
  4. Approve ETH if necessary, confirm the transaction in Metamask, and wait for it to complete. Don’t be alarmed if this takes several minutes.
  5. Enter the amount of Delta you wish to purchase and click the swap button.
  6. Approve ETH, confirm the transaction in Metamask, and wait for it to complete. Don’t be alarmed if this takes several minutes.
  7. Confirm the transaction in your Metamask and wait for it to complete.
  8. Verify the Delta tokens in your Metamask by adding a token with the contract address 0x59f96b8571e3b11f859a09eaf5a790a138fc64d0

How to mint Delta on UniSwap:

  1. Open the site app.uniswap.org with enough STA and Ethereum or wrapped Ethereum to mint Delta and cover the gas fees.
  2. Click on the ‘Pool’ tab at the top of the page.
  3. Click on the ‘Add Liquidity’ button. You will be presented with the option to combine two tokens where you should select STA and ETH/WETH. Alternatively, navigate straight to: https://app.uniswap.org/#/add/0xC02aaA39b223FE8D0A0e5C4F27eAD9083C756Cc2-0xa7DE087329BFcda5639247F96140f9DAbe3DeED
  4. Enter an amount of ETH or WETH you would like to mint Delta with and the value of STA will populate dynamically.
  5. Click the ‘Supply’ button.
  6. Confirm the transaction in your Metamask and wait for the transaction to complete. Don’t be alarmed if this takes several minutes.
  7. Verify the Delta tokens in your Metamask by adding a token with the contract address: 0x59f96b8571e3b11f859a09eaf5a790a138fc64d0

Official Links

Website: https://stateratoken.com

Uniswap: https://app.uniswap.org/#/swap?outputCurrency=0xa7de087329bfcda5639247f96140f9dabe3deed1

Minting Delta: https://app.uniswap.org/#/add/0xC02aaA39b223FE8D0A0e5C4F27eAD9083C756Cc2/0xa7DE087329BFcda5639247F96140f9DAbe3DeED1

Phoenix Fund: https://pools.balancer.exchange/#/pool/0xcd461B73D5FC8eA1D69A600f44618BDFaC98364D

Project Development Donation wallet:

http://bit.ly/stafund

Twitter: https://twitter.com/StateraProject

Medium: https://medium.com/@stateraproject

Discord:

https://discord.gg/jgqwUx4

Github:

https://github.com/StateraProject

YouTube:

https://www.youtube.com/channel/UCbeTntWwvPnxhHLyx29QqtA

Tutorial of the ecosystem: http://bit.ly/stavids

Temporary Delta and Phoenix APY calculators: http://bit.ly/staprofit

STA: a smart contract powered Indexed Deflationary Token which synergizes with a trustless & community driven portfolio of class-leading cryptocurrencies.

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