Indexedex

is $DTF - 0xeE5576Fa1Bcaa380e591D01245f406f3f384eb01

[Indexedex @Indexedex]

Ok, I'll try to make this very simple, again.

Staking page has been updated with the reserve pool swap interface.

https://t.co/TLjHnij0mF

You were told that DTF would be used as market liquidity for the DTF-DETF when it migrated. That's how DETFs work. This was clearly explained at several places on the site.

This user simply bought 14 million DTF from the reserve pool, and sold it for 4 ETH in the DTF/WETH pool. Dumbest move they could have done.

https://t.co/yWYCppdurV

That was 0.0000000285714286 ETH per DTF. Wait till see what you're getting for your DTF-DETF tokens below.

But the DTF-DETF also owns a portion of the DTF/WETH pool. So that sale was recaptured in the pool. It is now owned by the protocol, and by extension, you.

Why were you buying robinhood:0xee5576fa1bcaa380e591d01245f406f3f384eb01 in the first? So you could eventually sell it for ETH, right? You actually just want ETH, right? DTF was a tool to get more ETH, right?

Well, you used your DTF to get DTF-DETF token. And guess what, you can sell your DTF-DETF token for ETH too. You don't need to collect DTF, and then go sell it. The DETF did it for you. Now, you can just sell your DTF-DETF for ETH.

Remember how I said the fees so into buying DTF-DETF liquidity thorugh a strategy vault? Those vault tokens are owned by the protocol. Just stacking up waiting for you to sell your DTF-DETF whenever you want. That's why you've been earning more and more sDTF-DETF. So you can go sell it for ETH if you like, and not have to worry about chasing DTF. The DETF sold it for you. Just like how ETFs trade the assets under management. So do DETFs. Niether just sit on them.

I haven't selling. Neither has anyone I know. This is simply how DETFs manage their funds.

BTW, every DTF-DETF is selling for 0.02 ETH each. A fair bit higher than DTF ever was. This is by guying the liquidity was important. I recaptures sold DETF so the protocol can sell it again to get even more ETH for you.

I'm going to wait for the paper hands to sake out and sell more DTF. Then I'll push the rest of the fees through in small enough batches so we don't lose much to slippage and price impact. That will raise the DTF and the DTF-DETF price too.

[Indexedex @Indexedex]

I have found the root causes and working on a recovery.

I have not committed to a plan. I am running simulations to determine the best course of action.

Some of those options include migrating to a new token. I do not make any recommendations. Just consider that the DTF token might be retired.

[Indexedex @Indexedex]

@johnyjazz123 Lots of people sold their DTF.

[Indexedex @Indexedex]

That's because the reserve pool is now low on robinhood:0xee5576fa1bcaa380e591d01245f406f3f384eb01

It's incentivizing people to bring it robinhood:0xee5576fa1bcaa380e591d01245f406f3f384eb01 .

The exchange rate of DTF to DTF-DETF will drop quickly if people deposit DTF.

[Giorgi Turdzeladze (bugia) @GTurdzeladze]

Guys, help me understand this because maybe I’m missing something 😁

When I entered:
100,000 DTF → ~0.1255 DTF-DETF

Today:
100,000 DTF → ~1.3175 DTF-DETF

So the exact same 100k DTF now gets ~10.5x more DTF-DETF.

Put another way, ~9,525 DTF today buys roughly the same amount of DTF-DETF that 100,000 DTF bought when I entered.

So in DTF terms, if my original position was worth $1,000, does this effectively mean the same DTF-DETF exposure can now be obtained for roughly $95–100? 😁

I understand the explanation about DTF-DETF now owning DTF/ETH liquidity, but if old and new DTF-DETF have the same claim on the same reserve, how exactly are early stakers protected from this ~10.5x repricing/dilution?

Maybe I’m misunderstanding the NAV mechanics, so would be great to see the actual calculation. 👀

[Indexedex @Indexedex]

@blacc0x Working on it.

[Indexedex @Indexedex]

Fix is out.

DM me if anyone is having any further others.

[Giorgi Turdzeladze (bugia) @GTurdzeladze]

@Indexedex @blacc0x @NashiSus12 I’m using MetaMask also tried with phantom but neither of them is working not from pc not from mobile phone .

[Indexedex @Indexedex]

@imEznika I was. Metamask didn't like that.

[Indexedex @Indexedex]

I tracked it down to how Metamask caches data.

Fix on the way.

[Blacc Yakuza @blacc0x]

@Indexedex Screenshots for your data. Metamask vs safari

[Indexedex @Indexedex]

@Atharcrypto

[Indexedex @Indexedex]

Ok, I'll try to make this very simple, again.

Staking page has been updated with the reserve pool swap interface.

https://t.co/TLjHnij0mF

You were told that DTF would be used as market liquidity for the DTF-DETF when it migrated. That's how DETFs work. This was clearly explained at several places on the site.

This user simply bought 14 million DTF from the reserve pool, and sold it for 4 ETH in the DTF/WETH pool. Dumbest move they could have done.

https://t.co/yWYCppdurV

That was 0.0000000285714286 ETH per DTF. Wait till see what you're getting for your DTF-DETF tokens below.

But the DTF-DETF also owns a portion of the DTF/WETH pool. So that sale was recaptured in the pool. It is now owned by the protocol, and by extension, you.

Why were you buying robinhood:0xee5576fa1bcaa380e591d01245f406f3f384eb01 in the first? So you could eventually sell it for ETH, right? You actually just want ETH, right? DTF was a tool to get more ETH, right?

Well, you used your DTF to get DTF-DETF token. And guess what, you can sell your DTF-DETF token for ETH too. You don't need to collect DTF, and then go sell it. The DETF did it for you. Now, you can just sell your DTF-DETF for ETH.

Remember how I said the fees so into buying DTF-DETF liquidity thorugh a strategy vault? Those vault tokens are owned by the protocol. Just stacking up waiting for you to sell your DTF-DETF whenever you want. That's why you've been earning more and more sDTF-DETF. So you can go sell it for ETH if you like, and not have to worry about chasing DTF. The DETF sold it for you. Just like how ETFs trade the assets under management. So do DETFs. Niether just sit on them.

I haven't selling. Neither has anyone I know. This is simply how DETFs manage their funds.

BTW, every DTF-DETF is selling for 0.02 ETH each. A fair bit higher than DTF ever was. This is by guying the liquidity was important. I recaptures sold DETF so the protocol can sell it again to get even more ETH for you.

I'm going to wait for the paper hands to sake out and sell more DTF. Then I'll push the rest of the fees through in small enough batches so we don't lose much to slippage and price impact. That will raise the DTF and the DTF-DETF price too.

[Indexedex @Indexedex]

@GTurdzeladze @blacc0x @NashiSus12 Which wallets? If you don't mind tell me, you can also DM if you prefer.

I'm working to figure out why it works for some and not others.

[Indexedex @Indexedex]

@blacc0x @NashiSus12 @GTurdzeladze Are you willing to tell me what wallet you're using? Might help me figure it out.

Feel free to DM me if you prefer.

[Indexedex @Indexedex]

@GTurdzeladze @blacc0x @NashiSus12 The rewards go up and down. But mostly up.

[Indexedex @Indexedex]

@blacc0x @NashiSus12 @GTurdzeladze Ah ha, that is new information. Thank you.

Tracking down this problem some people are having.

[Indexedex @Indexedex]

@Btc_alkanes @Cosmos3113 @MuSpecies @NashiSus12 @GTurdzeladze

[Indexedex @Indexedex]

@0xLuki @bon_plan_crypto @freehawk2008 You mean the same crowd screaming for me to launch the staking?

[Indexedex @Indexedex]

@Cosmos3113 @MuSpecies @NashiSus12 @GTurdzeladze Did you DYOR?

I have documentation all over the site explaining this.

[Indexedex @Indexedex]

@NashiSus12 @GTurdzeladze I will dig into that. I just tested it.

it is very sensitive to slippage right now. So a smaller amount sold might work. I was able to sell 1 DTF-DETF.

[Indexedex @Indexedex]

What do you expect when it's just the same capital circulating in the same pool right now?

Other DETFs and vaults will route their fees into this DETFs. But for right now, it's just the fees from this pool and DETF being redirected back into itself.

Only new money is other buyers at the moment. That's how everything is when it first launches.

Where do you think the profits from memecoin flips come from? And they're not even trying to provide a service and generate revenue.

[Indexedex @Indexedex]

@NashiSus12 @GTurdzeladze Yes, you can unstake anytime. Only buying a bond locks your tokens.

You can swap DTF-DETF for ETH on the staking page.

https://t.co/4GgFXZKLht

[Indexedex @Indexedex]

@Cosmos3113 @NashiSus12 @GTurdzeladze This isn't a memecoin for a fast flip.

[Indexedex @Indexedex]

First, it didn't sell the DTF.

It was purchased from the market liquidity tht is the reserve of the DETF.

DETF hold their reserve on the market. This was explained several times.

You were under the misunderstanding, despite it being explained, that DETF were just a vault, what you put in you will get out plus rewards.

They are nlt, and were never described that way. You payments in go towards executing the strategy. And the strategy is to acquire as much ETH as possible.

It does this by buying into DTF/ETH liquidity so the DETF can recapture any sold DTF so the DETF can keep.

I hate to sound so harsh, but you simply didn't DYOR. I explained. It was repeated in several places on the site.

BTW, one DTF-DETF now redeems for 76614 DTF the DTF reserve is growing again. Like it's supposed to.

[Indexedex @Indexedex]

@MuSpecies @NashiSus12 @GTurdzeladze I understand. This is the start. It's not supposed to be a quick flip.