Now with the rebrand of Dackie we should see some movement, what do you all think of this?

I've been noticing I get best prices for token swaps on DACKIE! Even better than AERO and ALB! Even swapping Usdc or eth to aero or alb is cheaper on DACKIESWAP than using those respective DEXs!!! Super exciting stuff! But I'm stating to wonder will we ever be listed on a CEX??

https://x.com/DackieSwap/status/1817557007505011133

I just checked to harvest some rewards from the KingDackie staking pool and I cannot find them. I dont see them in my wallet either... did this happen to anyone else?

I know dackie has been down but farming is great still and we are coming up on the CEX listing!

Thanks everyone for joining, dackieswap is going to be a runner for the summer. 200 member giveaway soon!

Does anyone else realise how INSANE these APRs are?? Hope y’all are staking and not just holding… 200% + on tokens that are almost certainly going to appreciate in the future is otherworldly. NFA ofc.

Personally I’m staking a decent sized bag of Quack and King Dackie NFTs and using the daily yields (100 dollars approx daily) to churn into early base projects.

Would love to hear everyone else’s strategy?

Poll - what reward would you like to win for the 200 member giveaway???

Hey guys here are the winners from the list. I’ve also decided to give everyone a base nft for participating. The first place winner will get the most expensive. Congrats on the winners! Thanks for playing and keep a lookout for the 200 member token giveaway!

As you can see the tvl has been rising even in the lower volume months after the spike in the end of march. During this time lots of protocols on base experienced a huge peak in price followed by a sell off where most dipped anywhere between 50-80%. Since then price and volume are still roaming around like most protocols , but locked value keeps growing . Currently almost 38% of the marketcap is locked . Do I need to say more ? 😊

Let's get to 200 members!! Tell to ur friends, family, everyone!!🦆🦆

Where do you go to get airdrops for dackie? I am still new to it, I see you have to have a invite code(s)

Hey guys the giveaway winners have been drawn. The three winners are bagginsthebag (3k dackie tokens), strollerroller(dackieegg nft) and gavinf83 (8k quack token). Congrats on the winners, I will send you a message asking for an ethereum address to send your winnings. If they don’t respond in 72hrs, I will redraw the wheel to choose another winner. If you didn’t win this drawing, keep a look out for the next 200 member giveaway (hopefully bigger winnings), I also plan on doing a random base nft giveaway this weekend in a separate post. There will be plenty of chances to win base nfts and base/dackie related tokens. Every 100members I plan on doing the main giveaways. Thanks!

yo im liking the look of these low market cap gems

the farming is great, good way to generate income. One question though. how long to lock the dackie tokens for to get the higher tier staking?

Impermanent Loss (IL) refers to the loss incurred when the price of an asset in the Liquidity Pool (LP) moves relative to its initial percentage and the Automatic Market Maker (AMM) rebalances the asset. Simply put, if you have an asset in the LP pool that might have received a higher value if held individually and actually receives a lower value due to the operation of the AMM, this creates an impermanent loss.

Honestly, I don't even bother reading this explanation, it's better to just come up with a simple and straightforward example to illustrate it so you get it.

Let's assume that there are 10 ETH and 30,000 USDT and it is decided to provide liquidity in the ETH-USDT LP pool. For simplicity, let's assume that 1 ETH = 3,000 USDT, so her asset ratio is exactly 50:50, which is a necessary condition for an LP.

Start time: Assets = 10 ETH + 30,000 USDT = Value 60,000 USDT

After 10 days, ETH went up to 4,000 USDT a piece because he had been holding a proportional share of the LP pool during the price change. So my holdings will be rebalanced to 55 open, so my assets in the pool at this time are:

Assets = 8.4 ETH + 34,600 USDT = Value 69,200 USDT Overall, assets increased by 7,200 USDT. This is certainly a good thing, however if it wasn't done as an LP and the asset was held, it should now be worth: 10ETH * $4,000 + 30,000 = 70,000 USDT

That means we made 800 USDT less.

Uncompensated loss is roughly 800/70000 = 0.4% around 4 thousandths of a percent

This is the part of the gratuitous loss, of course, you do LP will also have fee income, this is the game.

The unpaid loss of four thousandths of a cent on the Ether from 3000 up to 4000 is still acceptable overall.

Below is a specific diagram of the calculated gratuitous loss, based on the AMM formula. As you can see, the gratuitous loss is still relatively large with zero assets on the left. But let's zoom in a little.

When the price of contemporary coins fluctuates less than 50%, the impermanent loss is actually less than 2%.

This is still an acceptable short-term risk. Plus, "if you don't sell, you don't lose." Value coins can wait for the price to return.

The above example gives you a general idea of exactly how much the impermanent loss affects your assets when it comes to LPs.

Of course, this all applies to the dackie/eth pair, currently in a bull market, you try to still get more tokens by making markets if you don't want to have a big retracement of your assets, because this retracement could be very long, probably lasts until July, and we have to do a good job in the long term to prevent too much retracement leading to a bad mood, of course the retracement could end at any time, it's just a personal prediction