Thanks for the advice! It's not my first rodeo with Ampl This was from last year: https://elitetrader.com/et/threads/ampleforth-token-ampl.347381/ We're just here to make profits, even if we are confident Ampl is a scam (which I don't believe it is), we gotta make hay while the sun shines Positive rebase yesterday 4.5% , positive rebase today 7.1%, tomorrow if price of Ampl stays mostly above $2, then we may experience a positive rebase of 10% Cool, huh? It's not dividend, it's an expansion of the coin supply across all wallets, think of it as a stock split, so no one is gaining more share than other holders It occurs in reverse, so a reverse stock split, during negative rebases https://www.ampleforth.org/basics/
"May fortune favor the foolish." <---It's a line from a movie I cannot recall at the moment. Carry a big stick!
Sheepishly.... Cut losses (for now?) The positive rebase only lasted 3 days for me. Sad, unsure of why it crashed so fast from a strong rebase of over $2 price to negative rebase in less than 48 hours, perhaps lots of Ampl bagholders as it has not been a good crypto performer for many months It was ~$4K loss, position was ~$13K risk capital, sold for ~$9K There's a proposal AIP (ample improvement protocol) to increase the APY cap on AAVE to 10,000% and if it passes (maybe in a couple of weeks) the governance voting process, I may come back to the trade
Came across this promising project - trade long/short synthetic stocks, crypto, forex; https://app.dsynths.com/trade based on this protocol; https://deus.finance/
One of the projects attempting to collateralize NFT's, don't know much about them but they are creating synthetics with different denominators. https://ununifi.io/
DeFi crypto were my biggest winners from the last bull market cycle... For some it was blockchain (gaming) crypto, and for others, it was NFT's Solana is having a renaissance. DeFi airdrop season This is how Binance Smart Chain became the defacto chain for new projects, by incentivizing participants, devs, yield farmers, gamers, speculators by bootstrapping a lot of projects through airdrops and other "free" money I've revived my Solana wallet (Phantom) and yield farming again https://equalizer.exchange/ https://www.coingecko.com/en/coins/equalizer-dex https://app.marginfi.com/
Inective is a blockchain? I did not know, getting ready to launch It's all time high, I remember it being down over 90% during the bear market last year. Wow https://www.coingecko.com/en/coins/injective Same playbook as BSC and Solana, free money airdrops Search Injective on Twitter/X