Conversation

Jul 2, 2020

Replying to @DecentralStn and @dahongfei

3/ Dynamic supply induced stability: Normally supply remains stable but price is volatile. The reverse is an experiment where price always remains stable (assumed) and volatility is moved to the supply. $AMPL is trying something similar

Like any experiment, it is called Ponzi scheme, scam, money grabber, paradigm changer, new bitcoin, etc. I’d still maintain it is an experiment and hard to understand. So, the price changes and supply is elastic using rebase (calculated algorithm).

As an investor, one gets scared that stable coin value can get changed but in real world it does happen. It is called inflation. Our educational system is programmed so that we don’t realize this. This is one of the key reasons which propelled $BTC into existence.

As a trader, there are several ways to play $AMPL. Easiest way is to buy, hodl and stake in geyser. 52% APY plus compounding due to rebase and the price increase over last two weeks would approximately give 11x the initial investment. Thanks to

for this

Next way is to take advantage of rebase timing. Two approaches are possible. Buy after rebase (as long as rebase is positive) as there is price drop and sell before next rebase. This is a gift for day traders as the swing is atleast 10-30%

Second method is to buy before rebase and sell parts after rebase as the holdings increase. This is a Conservative approach and more like Dollar Cost averaging.

There are also ways to get rekt like the black swan event in march. Negative rebase will reduce supply as price if also continuously falling. It would be double whammy.

It is also noticeable that conventional DeFi space suspiciously silent about $AMPL. Not sure if it is ignorance or cold shoulders. I’d like to see $AMPL integration in lending, borrowing and derivatives protocols. I’m also curious on what are plans from

for $AMPL

Replying to

Wait I’m so confused I don’t think I’ve said I have any plans for AMPL or even that I know what it is? Wait ok no I’ve said I know what it is but still. What makes you ask?

Replying to

and

Ha ha. I saw you interacting with AMPL tweets. Assumed you’ll be interested. Was curious to think of how derivatives products will be on a coin with elastic supply. For example just like MOVE, Rebase itself if an option.

SBF

@SBF_FTX

Replying to