AMPL problem on Aave v2 Ethereum

Other
250

Based on utilization the depositors don’t get the full rebases, applies both for negative and positive. Based on what are you claiming the you received larger negative rebases?

@psmith05 @QuantumEvolver

The difference between what you expected and the calculated amount has nothing to do with the issue discussed here. And the behavior of getting partial rebases is not broken it was as designed and as announced by both Ampleforth and AAVE and the link below was on the asset page for AMPL on AAVE’s UI and those mechanics were explained in various communications and announcements. It’s frustrating that it works differently than what you expected but the behavior was communicated as much as possible and wasn’t hidden.

251

@Naguib Thank you! When do you expect the AMPL team’s compensation to materialize?

1 Like
252

You reed my mind I have the same question.
I and the rest of the investors are curious about what happens next. Despite the welcome compensation, everyone still lost half of their investment. Perhaps Aave would like to enter into conclave again for a third and final compensation with and from the Ampl team.

253

I don’t think Aave will do anything, they were very clear. Their largest stakeholders have said they WILL NOT support any other compensation so no point beating a dead horse.

It comes down to what Ampleforth team can do. Now, what they do here will determine the course of action of the protocol, how they treat and care for 1000+ long time AMPL investors will determine the health of their community going forward.

254

Will post the proposal early this week and the governance process takes 7-9 days. If all goes smoothly then by May 24th.

4 Likes
255

Dear Naguib,
If I understand correctly you were supposed to post it yesterday. Can we still follow this somewhere?

256

Its here https://forum.ampleforth.org/
But I cant see any new proposals

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257

Thanks, but unfortunately I can’t find anything recent either. @Naguib, you may be able to provide clarity

258

Will post in this thread when it’s posted on Ampleforth forum. It took longer than expected. will be sent during the day on Friday pacific time.

3 Likes
259

Dear @naguib, It is now 1.5 weeks after your first announcement and we still see nothing?

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261

Apologize for the delay needed to post the postmortem first. Here is the proposal:

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262

@Naguib Thank you very much :slight_smile:
I think people who were damaged with aAmpl event, they will appreciate your initiative. On my part, trust and respect have fully returned to your team. You may offer a small compensation, but it’s not just the amount of money, it’s how dev team are treating investors and the responsibility, attention and care that you show. Thank you very much for this! :heart:

2 Likes
263

Important update.

The link to claim on the Merkle platform has been updated, being now the following

https://app.merkl.xyz/aave

The claims related with this project are the ones labeled as “Aave - aAMPL distribution - USDC” (interim distribution) and “Aave - aAMPL distribution - aEthUSDC”.

Nothing else apart from the link to access has changed.

1 Like
264

Any update on the proposal and distribution?

265

https://signal.ampleforth.org/#/proposal/0xa36c4fcf6bd7396b18b352a2ee65d129051dab18505cca104e9ab88854c6e822

1 Like
266

@Naguib Hello. And yes, thank you. So what are the next steps now?

2 Likes
267

@bgdlabs @ChaosLabs – question: what happens to the AMPL balance that still shows on the V2 Ethereum market?

268

I don’t know why the AMPL team hasn’t been in touch again :frowning: :timer_clock: :hourglass:

269

After several weeks and interactions with no relevant updates, all relevant information is on the thread and claiming information is on this message: AMPL problem on Aave v2 Ethereum - #263 by bgdlabs.

Therefore this topic is being closed.