Conversation
2) has built $AMPL, a token that automatically rebases each day at 11am HKT to attempt to maintain a peg near $1, though due to heavy inflows recently it's been trading higher!
I'm excited to see how perpetual and quarterly futures handle the daily splits.
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3) You can also stake $AMPL for 300% APY currently at ampleforth.org/geyser/ (plus details, not investment advice, etc.).
You can monitor the rebases at ampleforth.org/dashboard/
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May we understand what will be the impact of AMPL-PERP during the rebase?
Historically, the price of $AMPL drops immediately after rebase because Uniswap rebalances the pool back to 50-50 after accounting for the surge in rebase tokens.
Wouldn't this be too obvious as a trade?
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Spot exchanges stop trading for a small time during rebase. Not sure if enforced or not. Perp will not stop imo. Would be intriguing though.
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