1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
Dismiss Notice
Wynncraft, the Minecraft MMORPG. Play it now on your Minecraft client at (IP): play.wynncraft.com. No mods required! Click here for more info...

⬡ | Ambrosia Loans

Discussion in 'Your Services' started by Tealy, Jun 16, 2021.

  1. OriTheSpirit

    OriTheSpirit Feesh Time 24/7 CHAMPION

    Messages:
    796
    Likes Received:
    457
    Trophy Points:
    79
    Guild:
    Minecraft:
    sounds like someone who's trying to use ambrosia pawns
     
  2. DungeonBee

    DungeonBee Well-Known Adventurer

    Messages:
    229
    Likes Received:
    183
    Trophy Points:
    51
    Guild:
    Minecraft:
    What happens if someone takes out a loan and then invests that money?
     
  3. Tealy

    Tealy help | help GM CHAMPION

    Messages:
    1,696
    Likes Received:
    4,112
    Trophy Points:
    164
    Creator Karma:
    Minecraft:
    I don't know why they'd do that, as they'd be losing money for no reason
     
  4. DungeonBee

    DungeonBee Well-Known Adventurer

    Messages:
    229
    Likes Received:
    183
    Trophy Points:
    51
    Guild:
    Minecraft:
    Not true (I think I’m not sure how your system actually works). If they loan a high amount, say 100 stx, and they invest it. They would get more “interest” from any lower amount. For example a sudden wave of people take out a 25 stx loan. With your graph the investor would be making about 1 percent profit per week or a stack of liquid emeralds per week. Again my math could be completely wrong and if so please correct me.
     
  5. Tealy

    Tealy help | help GM CHAMPION

    Messages:
    1,696
    Likes Received:
    4,112
    Trophy Points:
    164
    Creator Karma:
    Minecraft:
    This is failing to recognize the absurdly high interest on a 100 stx loan, which would certainly outweigh the investment return. This is also ignoring the investment cap, which is 30 stx. Should a situation like this arise, it would definitely not be worth it to loan to invest.
     
  6. DungeonBee

    DungeonBee Well-Known Adventurer

    Messages:
    229
    Likes Received:
    183
    Trophy Points:
    51
    Guild:
    Minecraft:
    I knew I was missing something thank you.
     
  7. Damian_Kirishima

    Damian_Kirishima Travelled Adventurer VIP

    Messages:
    3
    Likes Received:
    2
    Trophy Points:
    11
    Minecraft:
    2. We can offer expert advice on making money, and can assist in some ways in doing so.
    We can educate you on different ways to earn money, share lootruns with you, and offer market advice in some situations.
    Ngl, might take out a loan just for this, seems useful, is there a minimum amount you have to borrow?
     
  8. Dimension hopper

    Dimension hopper unstable in nearly every way VIP+

    Messages:
    25
    Likes Received:
    10
    Trophy Points:
    8
    Guild:
    Minecraft:
    so the larger the loan the smaller the interest correct? or am I just stupid?
    ________________________________
    also, I haven't tested this yet but using the information I have gathered via bugs and glitches I used to delete extra quest items I owned that were wasting space
    I MIGHT'VE found a way to take soul shards out of your inventory and drop them, emphasis on MIGHT'VE. if it works could I use those soul shards as collateral instead of items?
     
    Last edited: Jul 30, 2022
  9. yy8erig

    yy8erig yy8erig

    Messages:
    617
    Likes Received:
    294
    Trophy Points:
    97
    Guild:
    reinvent modern banking when
     
  10. Tealy

    Tealy help | help GM CHAMPION

    Messages:
    1,696
    Likes Received:
    4,112
    Trophy Points:
    164
    Creator Karma:
    Minecraft:
    Uh, no, I can't take glitched items as collateral. I suggest you don't do that and make a bug report
     
  11. SirKiddo

    SirKiddo Oh hey, your reading this? Neat. CHAMPION

    Messages:
    149
    Likes Received:
    241
    Trophy Points:
    59
    Guild:
    Minecraft:
    Bumping because tealy forgot to bump
     
  12. Mardeknius

    Mardeknius cursed builds pioneer HERO

    Messages:
    984
    Likes Received:
    1,109
    Trophy Points:
    125
    Guild:
    Minecraft:
    Bump cause this is actually a really good business
    ooh wait lemme write a glowing review for Ambrosia Loans
     
  13. DungeonBee

    DungeonBee Well-Known Adventurer

    Messages:
    229
    Likes Received:
    183
    Trophy Points:
    51
    Guild:
    Minecraft:
  14. Tealy

    Tealy help | help GM CHAMPION

    Messages:
    1,696
    Likes Received:
    4,112
    Trophy Points:
    164
    Creator Karma:
    Minecraft:
    why
     
  15. DungeonBee

    DungeonBee Well-Known Adventurer

    Messages:
    229
    Likes Received:
    183
    Trophy Points:
    51
    Guild:
    Minecraft:
    Opps forgot to put bump in front
     
  16. Shiny_Bridge

    Shiny_Bridge Skilled Adventurer

    Messages:
    11
    Likes Received:
    14
    Trophy Points:
    30
    Minecraft:
    Can't wait to get enough le just to invest it all in ambrosia
     
    Tealy likes this.