$YAM rebase just happened

$YAM rebase just happened

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saw 99 yam for 1 eth at one moment
lmfao this shit is broke

worked as intended, read the teams tweet about uniswap yam/eth pool, you pleb.

I only have 13 yams still what happened.

the extra tokens go only to the owners
whoops!

Wait my wallet says 128 yams but etherscan still says 13.8.

Lmao this is fucking hilarious. I don't care if I lose everything anymore, which it looks like I will.

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so... did everyone just x10 their yams? what the hell

how did you get 13.8 YAM? you were extremely early or you staked a huge amount of coins?
i only had 0.22 YAM, now I have 2.12 YAM

That's good user, when you separate feelings, emotions from money that is when you really reap in profits.

ON YAMS.

>Hahahahahaha.

WHO THE FUCK BUYS CRYPTO YAMS?

YOU DID.

HAHAAHAHAHAHAHAHAHA OMG this fucking board.

price is going batshit insane fucking kek

The people who got their sells in first would have made a fucking fortune.

Nah I put 3 eth into this scam this morning.

what the heck bros, just got a whole bunch of yammies

Why is nobody providing liquidity with this kind of volume? That one guy providing the 15k worth is fucking killing it.

wtf??? no way, i put 61 LINK in which is not that much less than 3 eth and i also did it in the morning

Everything went smoothly for me. My YAM stack actually increased in ETH. Going to provide liquidity when I withdraw my YAMs

Wouldn't liquidity in a price collapse leave you with a shitload of yams which could easily fall to 10% of their value?

No I actually just bought it straight on Uniswap. I didn't stake anything, although I'm considering now.

>-90%

There's all your rebase value gone. Now watch the value drop below that.

why is the supply like now 32575725330713094607000003230636147857010511500000? (if you divide by the 24 decimal places you get 3.2*10^25, with is an absurd number

I'm not super knowledgeable but I think it automatically balances your payout between ETH and Yams. So as long as it doesn't go to zero you should be fine. I think there's actually more downside if it completely moons because you get less yams back.

ooh i see, yeah i just staked it.
but an hour after i staked it i was asking myself "would it not have been more profitable to just buy YAM, so i get much more YAM and profit from the price increase and rebase much more and also i dont have the smart contract exploit risk i have when providing liqduity?"
so yeah, i think you did the right thing and i fucked up, but at least LINK is mooning today (i got much more than just the 61 i staked)

Yeah that's how it works. Looks like a more inviting entry point for the normies and retards now. 100 DOLLARS AGAIN EOD

and thats exactly what happened.

so how long can we realistically milk this for? a week?

>supple is now 32bajillion yams

tell me how this isnt a total ponzi? people are just gonna buy more until the music stops and it ends?

I'm feeling a week of fomo, then I'll take some profits. We'll see though.

*supply

you used math and logic and you were right, keep doing this and you might make it

That’s the point

MARKET CAP IS OFFICIALLY 32 GORILLION US DOLLARS

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they tried to solve the problem and failed, should have used buidl.

>ooh i see, yeah i just staked it.
>but an hour after i staked it i was asking myself "would it not have been more profitable to just buy YAM, so i get much more YAM and profit from the price increase and rebase much more and also i dont have the smart contract exploit risk i have when providing liqduity?"
>so yeah, i think you did the right thing and i fucked up, but at least LINK is mooning today (i got much more than just the 61 i staked)
i just bought a couple post-dump. what's the strategy here lads? better to just hold it straight up, or stake? if stake, how is that done? I tried "providing liquidity" on uniswap but the button was disabled? what's the most profitable strat here?

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From my analysis of the smart contract, I think there was a bug that increased the supply from 3.5m to 3.25*10^24. But if you see in etherscan, everybody has 0.0000% of the supply, with means that 1- A large amount was printed for an invalid address, but the math for the next rebase is fucked or 2- Somebody can claim all this money and everything is fucked twice over