$1.61 0.74%
AMPL · 18w

Why Geyser is Bad, liquidity pools are unintuitive, and you should hodl...

Alright folks, I am going to drop some information here that alot of people will find unintuitive. You might even get mad. You might even think its a sham... at least until you try it with a test account yourself. So, you are an active trader. You like getting tendies, and you are willing to swing trade the rebases. You read the ampleforth paper, and you know what you are getting into... right? Not a chance bro. The ampleforth paper made a pretty big assumption. They assumed that most of the trades would be executed on an order book. NOT against a liquidity pool with an automated market making algorithm like uniswap. That makes a world of difference. I made a post here about how the rebasing occurs on liquidity pools: [\_hidden\_rebase\_problembased/?utm\_source=share&utm\_medium=web2x]( Basically, you cannot beat the liquidity pool because it will outspeed you every time. So the first assumption that ampleforth makes that fast traders have an advantage is GONE when liquidity pools enter the equation. Secondly, the uniswap price depends upon oracles, and because uniswap has beat the rest of the market to the real price, ALL price actions elsewhere will have an outsized effect on uniswap. Specifically, they will have double impact. Worse yet, the websites looking at uniswap prices like coingecko are not live, and as a result, people never see how low its really going until the look to execute a trade on uniswap. So, the other day, I had 2.4\*X eth. Now, I have 1.9\*x eth a day later. I would have done well to sell before the rebase, and buy in afterwards. But, you can't see this on any of the major charts because suprise.... uniswap doesn't export data to trading view. But is this true for all rebases? Not really. There are rebases that are safe to catch, but there are also rebas...
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Whale Wallet Analysis - Ampleforth Update 6 Months Later

Ampleforth was the first Whale Wallet Analysis that I conducted of my entire series. Since then, the series has flourished as I have conducted additional Whale Wallet Analysis for AMPL, SNX, BASED, LI...