Easiest yield farming ever. 6th day in a row around 10% daily compound interest.
Another 8% compound interest day YIELD FARMING AMPL
Anthony Gutierrez
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Austin Gonzalez
I call bullshit. What's the catch here?
Matthew Mitchell
its a bitconnect tier multi level scam that requires new investors, or it collapses and everyone loses everything
Brayden Cook
nice fud but if you havent already bought then you are low IQ, thats all.
Adrian Garcia
simplest explanation. its a future stable coin, but its self-scaling and self-regulating. does away with overly complicated and archaic dual token models (mkr/dai, rsv,rsr, etc)
the token supply dynamically grows and shrinks as it moves above or below 1.05 / .95 respectively.
backed by some heavy hitters and it could eventually replace most of the other stablecoins. investing now locks in your share of ownership as it grows...so like bitcoin your percentage of ownership of the total network doesn't really change.
ignore this dude. he literally has no dad and his mom totally fucked his head up. he's also fat and gay.
Dominic Bailey
complete with imbecile shills like this
Jason Thomas
AMPL is designed to be an elastic supply currency (but NOT exactly a $1 stable coin). If the price is above $1 then the supply increases (called a rebase) - [assuming a rebase supply re-calculation of 5% for simplicity] if you hold 1000 tokens, the next day you have 1050, at the same market rate. This happens every 24 hours. It also is weighted so at $1.01 the rebase is around 1%, at $1.20 it is around 5%. DAILY. . . Yes. "daily compound interest coin"...
The same is true in price decreases. The negative rebase reduces the supply. You have 1000 tokens at $1, if the price drops to $0.90 you will have 950 tokens.
The idea is that it incentivises both buying and selling to bring the price back to equilibrium. It is ELASTIC.
If you held 1000 tokens at $1, 15 days later the price has DOUBLED to $2, simplified to 5% daily averaged for 15 days straight, you now have 2000 tokens, valued at $2 each, so $4000 total: a 400% return, not just a 100% return. Probably at this point traders sell, having an amazing profit, the price adjusts down, and the rebase % lowers and it comes closer to $1 again.
Caleb Collins
Not really. Dig deeper. It will "collapse" to $1. It's designed to, but it will do so at much higher market cap - its finding it's price discovery, and you can either ride it up at 9% a day compound due to market interest, or miss out.
Alexander Moore
Do get more without geyser, like 100$ in geyser vs 100$ ampl only
Cameron Hill
This guy doing it right. Accumulating a few 1000 daily, and then putting batches into uniswap and "geyser" to earn 50% apr liquidity incentives.
Top Farmer.
etherscan.io
Robert Gomez
no he isn't. doing it right is buying all you can asap and holding. The MC is only going up.
Ryder Rogers
U profit into eth daily from the rebases - for safetly.
Or if falling AMPL $ price you would accumulate more.
If outside of the geyser then you don't need the half of eth so you could technically accumulate 2x as much and earn 2x as much from rebase...
Hunter Gray
AMPL is so fucking based
Henry Nelson
>no price dump after tonight's rebase
>smashed through 40m cap
holy based
Carter Lewis
The great thing about AMPL is that you can sit back and catch 10% daily increases without doing anything. It looks like traders have honed in to a 1.8-2.1 price range to keep the rebase high too.
Austin Moore
Bitconnect x.x
Even the shills are the same
Thomas Wright
Ampleforth is just a regular-ass commodity cryptocurrency like BTC, only with a variable denominator to fool rubes into thinking they are buying something else.
It’s a lot of sound and fury to achieve absolutely nothing. It is not stable, the only way it will preserve value is if the market continues to value the entire market cap at higher than it has before, for absolutely no reason.
The ‘liquidity’ rewards are just another layer of indirection layered on top to get people to buy their useless bags.
The team will be selling directly into this artificial demand. Think for a moment, they could easily create this DEX liquidity themselves if they wanted.
Carson Long
Go fuck yourself shill. Really think about it, doing marketing and sales for a scam FOR FUCKING FREE
Carson Rodriguez
It's not a scam, retard. CEO of Coinbase is invested
Jaxson Johnson
This. I was lowkey expecting it to dump to 1.40 for the past 2 days. It held.
Levi Price
Why would someone sell now?
Austin Taylor
Same.
Fucking missed out.
Joshua Johnson
Me too user.. me too.
Zachary Campbell
where to buy?
Gabriel Ramirez
Uniswap
Zachary Rogers
What's the buying experience on non-Uniswap exchanges like?
Is it still euphoric?
Julian Miller
Yeah
Hudson Bailey
This is true.
Ample is supposed to be a stable coin. To achieve stability it mints new coins when the price is above 1$. That’s the “interest” you read about here. But when it goes below 1$ they instead destroy tokens. So if you hold ample and it goes below 1$, not only have you lost capital but you also start losing tokens to burning.
It’s literally a pyramid scheme right now and requires a lot of new investors to maintain the price against daily 10% minting rates
Benjamin Russell
Based and making it sir
Noah Brooks
3 things though: it's a stablecoin aimed at being 1$, especially ones it gets accepted on LEND & the likes, imagine how nice it is to get a 1$ stable coin below 1$ so it'll probably bounce back real fast.
2. AMPL holders themselves (including whales who gained big the last days) have an ongoing interest in buying more as soon as it falls below 1$ to avoid long negative rebase
3. Imagine if it takes away a market share form USD stablecoins , permanently. SUb 1$ levels will last very short. It can do so because it's not collateral but a primitve, and it's pegged to the 2019 USD purchasing power so it's safer than actual dollar stablecoins these days
Caleb Bennett
Buy signals, 1-2 days bull run
Wyatt Davis
This makes it clear. Thanks