Correct. LP provider took the hit while EGLD price went down, why can’t I make profit when it goes up? Why someone else can take advantage of LP providers first, then open it up to public?
Trust me, you really don't want swaps to open at $5. That would mean that all of the stolen EGLD, which is currently sitting in the LP, has not been moved back inside of the wrapping contract. And if the EGLD is not inside the wrapping contract - then the wEGLD inside you LPs is worthless because it's not redeemable.
It's all a zero-sum game here... any profit anyone makes would be at the expense of every wEGLD holder and LP provider
Be happy that Elrond are doing the logical and fair things ????
I can’t unstake my LP, and team buying up EGLD tokens off EGLD-USDC pool, isn’t it?
you ll have almost the same LP as before the exploit, your mad cuz u cant profit this exploit and break the lp to have more egld ?
Correct. LP provider took the hit while EGLD price went down, why can’t I make profit when it goes up? Why someone else can take advantage of LP providers first, then open it up to public?
If the price ratios are restored prior to the DEX reopening, your position will be unchanged?
he s mad he cant profit this situation, it s understandable ofc ... unfortunately it is what it is
Wdym we took a hit? If the team restores the parity we won't have lost anything as liquidity providers.
Trust me, you really don't want swaps to open at $5. That would mean that all of the stolen EGLD, which is currently sitting in the LP, has not been moved back inside of the wrapping contract. And if the EGLD is not inside the wrapping contract - then the wEGLD inside you LPs is worthless because it's not redeemable. It's all a zero-sum game here... any profit anyone makes would be at the expense of every wEGLD holder and LP provider Be happy that Elrond are doing the logical and fair things ????