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RE: Important Changes in WOXDEFI - ( 26/05/2022)
All these changes are great and I am sure the team has pure intentions about the project. However I am dissapointed by the way things have been progressing in the past months:
- Many times my comments on the (support) discord channel have not been answered. I had to nag about them.
- The LP has not been restored since few months and now we are told it'll be deleted/replaced. Will we be able to get our money back? what will be the new APY? Further info is needed.
- Lowering the APY to 15K% is alarming. We invested in your project on certain assumptions and promises. Now you cancel those unilaterally. Who says you will not lower it to 10K% next week?
All in all, IMHO, this is not a way to engage with your investors. The community is the backbone of your project.
regarding to your point #2 @nomad-magus the answer was clearly stated from @Xpilar like I think so see here :
...the only thing what is not so clear stated regarding the point of liquidity mining is if he means this week or (even makes more sense) the coming week because we already have thursday today so in my eyes the week is nearly over.
I hope you are correct @don-t.
I have allocated funds into the LP for 12 months. Will i get them back now? With the relative accumulated interest? How this "pro-rata" is calculated? Answers should come from the team.
hehe, yes @nomad-magus I´m on your side, you got the right thoughts, but usualy pro rata means they will split the long lasting positions in some shorter ones, maybe weekly or monthly to get rid of them.
The math behind is quite simple in my eyes, the LP-mining was calculated for a total sum at the end, so they only have to divide it by the number of days (eg. 30 / 90 / 180 / 270 360 whatever was the term for this stake), multiply it with the days what the coins lasted in the liq-mining-pot and then they have the amount what´s it worth today or tomorrow, a smple spreadsheet, its every day the same amount.
But dont expect the whole amount what was calculated until it matured like they call it.
For instance when you have a pos. in the 12 month and now you have 3 month done and they will pay it back in 14 days, you will normally it like that (promised endsum / 360*days until payout), for instance if 120,000 WOX was the target sum after 12 month we have 120,000/360=333,333 *104 (3x30+14 like given above)=34,,666.6666 Wox ;)
Im also curious.
I locked some amount of TRX in liquidity pool while WOX was worth over 10trx. I hope to receive it all back (Im concerned about impermanent loss)
normally we all might get good results, because the TRX prices are not much affected from the market turbulences, yes the WOX isn´t worth the same like the day we entered but hey I guess there might be a good chunk of money coming over as gains ;)