$10,000 in impermanent loss... Why did I put my ampl in the geyser

I should have just hodled ample. fuck

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low key bnt shill i see

i actually think this could reach tethers MC. 100x

i like bnt. don't hold any though.

Welcome to the club getting fucking REKT by this impermanent loss

Why the fuck did I fall for the GOYser meme. Even the COMP whale had to pull a million out of the pool because he was getting FUCKED

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just hold AMP for that sweet 17% rebase

dubmb fuck

I think that was actually pantera capital's wallet. probably left because they shouldn't be using this promotion. I'm happy for the games, but we got fucked. Doesn't look like the team will be touching the incentive either :(

and how much have you gotten in fees?

Has anyone done the math to see if it’s worth it to just stay in at this point? I think we’re kinda stuck now. This was more of a liquidity trap lol

barely anything. uniswap only charges .03%. Even with arb opportunities that is barely compounding.

Damn if only there was a DeFi exchange that eliminated impermanent loss
It would be risk free passive income for any cryptocurrency... oh well i guess that will never exist

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I don't think the team predicted how hard it was going to moon. $3.40 is a fucking absurd price for AMPL, but here we are hitting that AFTER it already went 10x

I think the team hinted at having that next. I thought the impermanent loss didn't matter due to the rewards but everyone on this board said the geyser was better.

yeah i don't think it was malice on their part. But this whole promotion wasn't really a promotion lol If anything, early followers of the project are getting gypped now for newcomers. I just hate that I don't know if it's a sunk cost at this point. I don't want to pull out and lose my multiplier, but peopel 100% ampl are making a ton.

Just to check, one this shit stops pumping hard and calms down we will get our original % stake back right?
I was so fucking close to 0.01%

Can they fix the reward system? As in dump more from the fund? I thought the point of the geyser was for getting more of a reward for providing liquidity.

This really sucks

i don't think so. Our percentage was turned into eth. So when a rebase occurs we don't get the full compounding effect.

Just fuck my shit up. TG is full of brainlets so don't even consider raising it up there

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yeah I'm pretty bummed out. Eth 2.0 is looking like it will be released in 2021 so the eth exposure doesn't even really matter. I'm staying in just because I have faith the team will fix this.

Optically this looks bad since providing liquidity wasn't really an incentive.

Yeah it sucks, but I'm still "only" up 50% after 4 days lol

I'm thinking they can just accelerate the multiplier as a consolation prize.

When did you guys deposit in to the geyser? I went in 5 days after launch

Ya it fucking sucks

I only have a small portion of my stack in the geyser, but one way to think of it is as though it's automatically taking some profit for you into eth. So yes you aren't making as much as those that went balls deep in ampl, but you've also reduced your risk by taking some guaranteed yield and cashing out some eth as we pump.

Looks like the TG doesn't like anyone bringing up any questions about the geyser

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HAHAHAHA

Wallet chad checking in. Why be greedy for an extra 50% a year when you're getting minimum 5% a day KEK.

FUCK YOU GAYSER KEK

It's causing me to have doubts in the whole project lol if they can't understand the economics of a simple incentive program, whose to say the understand the economics of ampleforth's mechanism entirely.

This is the quote to the founder "“The motivation of the geyser project is two-fold. First, it helps distribute the Ecosystem fund out into the world in a sensible, permissionless, and predictable way. And second, it distributes to those who contribute to the health of the AMPL ecosystem.”

more was distributed to people who didn't provide the "health of the ampl ecosystem". So if geyser liquidity providers are losing their share of the market cap, how is that distributing more to them?

I was a long-term ampl holder and I lost money due to this.

Sounds like you didn’t understand it.

I'm not too certain they'll throw us a lifeline.
Franky I don't think AMPL would be as big as it is right now without the LPs in the uniswap pool

uniswap impermanent loss is notorious. that's why balancer was circulating so much. The promotion acted like they were trying to reward people who provide health for the system. The people who sold half their stack for eth weren't rewarded, they missed out a ton. We should have done the math but a lot of this had been following this project for a while and trusted the promotion.

Blaming someone else for your lack of due diligence.

There's no way they could have known it would pump like this.
Maybe, given that it has though, they should consider a reward system similar to PLR. They are giving PLR tokens in the exact amount of the impermanent loss. It's not as attractive in terms of yield, but at least with ampl we're already getting yield from the rebase.