Questions & Answers
MemberOctober 14, 2020 at 20:37
Will Uniswap AMPL-WETH LPs need to withdraw their stakes from Ampleforth’s Beehive staking program in order to participate in the kGeyser?
MemberOctober 14, 2020 at 20:48
Great question. We get this one a lot.
In general, the kGeysers (we’re using the Ampleforth team’s contract) are set up so that once you deposit LP tokens, you’ll have to actively withdraw to access your rewards and enter other Geysers.
The contracts aren’t technically designed so that you can participate in multiple programs at the same time. This is, of course a problem if you want to use the same LP tokens to participate in multiple farms.
I haven’t checked as to why this isn’t possible yet, but there may be implications to participating in multiple farms unless the contract is designed to allow different Geyser like programs to “plug in” to them. That might be something worth considering in the future (on both Ampleforth and AmpleSense’s side of things.)
The kMPL kGeyser programs are designed to distribute the bulk of rewards relatively quickly, so it is a short-term program.
So, yes, you’ll have to either:
– Withdraw your current LP tokens and deposit into the kGeyser
– Buy additional AMPL/ETH to deposit 50/50 into the kGeyser
Thanks for your question.
MemberOctober 15, 2020 at 03:44
To answer the question of why using the same stake in multiple separate staking programs isn’t possible, I would like point out that the rewards in both Beehive and kGeyser are proportional to the size and duration of the stake and it wouldn’t make much sense that you can get additional rewards without increasing the size of your stake just like you can’t earn interest from two different sources for the same deposit.
The third and most obvious choice that @Davoice321 left out in his answer is that you split your stake, making a partial withdrawal from Beehive to enter into the kGeyser. Since the LP tokens are perfectly fungible and the geysers don’t have any lockup periods, you can add/remove liquidity to Uniswap and deposit/remove LP tokens in geysers freely whenever you choose to and adjust the size and allocation of your stake as you see fit.
This is freedom, but the cost is you have to make your own choices and it’s up to you to keep your self informed in order to make the best choices. As always DYOR.
This answer wasn’t directed specifically to the person asking the question, but I’m addressing everyone who have been asking about how to deal with multiple Geysers since Beehive v2 came online while v1 was still active.
MemberOctober 15, 2020 at 03:03
Hello, I’m also one of the founders of AmpleSense DAO.
It’s great to see new members actively engaging one another and being proactive by creating groups such as this one.
Will be answering any unanswered questions I happen to spot here.
If answers are unclear/inadequate or you have any concerns involving communication, feel free to message me directly. I’m always listening and open for new ideas to improve communication.
MemberOctober 18, 2020 at 13:36
I was wondering about the different hubs on the community forums.. and I’m not sure if it makes sense creating a hub for “Swedish traders” and an other for “Chinese traders”.
However my point was to bring the idea of creating a hub, kind of: “Worldwide AMPL communities”. To make different language discussions.
I believe I’m not allowed to create a hub (at least for now).
How to make/propose this?
Not sure if I’m in the right place. ?
MemberOctober 18, 2020 at 13:39
The groups you’ve mentioned are created by community members, not by the DAO leadership (admins of this site).
We don’t restrict people from creating groups. For example the Chinese investor group often has Chinese-language discussion, same for the Swedish group, so it makes sense to have dedicated groups for those communities (given that conversations are not being conducted in English).
You’re perfectly welcome to create another group, but in some respects the overall Community Hub with its various groups and sub-sections could be considered a “worldwide group.”
It’s possible to create forums within groups that are dedicated to discussions in different languages, but I would recommend reaching out to the founders of those groups before creating yours to see if they would be okay with limiting their group to a discussion forum within a “worldwide group.”
MemberNovember 7, 2020 at 06:55
I was wondering if while in the zeus geyser our AMPL are still affecred by the positive and negative rebases ? I would assume yes but if you could confirm ?
MemberNovember 7, 2020 at 07:18
Yes. All AMPL is affected by positive and negative rebase.
MemberNovember 7, 2020 at 08:29
Thanks for your prompt reply. I have one last question. I staked last night on the kgeyser but do not see the bonus button this morning. Does it mean it will only show up tomorrow ?
MemberNovember 7, 2020 at 08:45
Yes. The first bonus is scheduled for 02:30 UTC tomorrow.
Log in to reply.