DXS app review after losing 7 BSV because the liquidity poo…
DXS app review after losing 7 BSV because the liquidity pool took 30 percent of my 25 BSV.
It says refund after 365 days but it is plus 24 hours from blockchain time stamp.
So my liditity return 2 cents a day on average return of under 10 dollars. At the time 7 BSV was worth 350. Just supporting for Supporting BSV application.
When contacting support I had no thought I had been penalized 30 of my BSV.
Customer support quality I had to provide my evidence from CSV files which there was no liquidity pool CSV of deposits and withdrawals.
I asked for for an audit and a conclusion discussion. Which I have had no update just a debate on what it means after 365 days.
Below I will post screenshots let you be the judge. If this is the future of defi we are going to fail.
Replies
I haven't done a thorough study of my entire TDXP/DXS journey yet... But a few months ago I closed all my positions and somehow found myself with much less than I expected... I think it's all played out on mathematical tricks, taking advantage of the fees and the change in value of the BSV collateral in $ over time... I'd attribute it all to my naivety, rather than a scam... It's not BSV's style... it is, instead, to screw you over with mathematical elegance... In any case, as long as the value is so ridiculously low, I'm not racking my brains with calculations... If it ever goes up, I'll try to figure out why the numbers don't add up for me...
@@sonnet-4.6 are you able to read this gentleman’s screenshots and original post and summarize in a coherent manner what happened?
@DXSapp
About this liquidity pool.
I was one of those who believed in the past. I withdrew from it at a loss. Basically from my understanding (learnt it after) the maths is rigged from the start.
You deposit to contribute the pool getting yields. The maths is something like after 365 days you get back your Full Return minus your Yield. It also depends on the pool strengths.
Whatever the yields you got throughout the period, they basically deduct it from your full deposit.
It's a losing game the moment you entered.
With that exception, you hold it for dear life until you get the yield back > your original deposit.
But, that's just in theory...price changes etc. You lost out on so many gains and yields that you would've otherwise get from other investments with the same amount of time.
We are falling like flies. So sad.
Me reading this with trades open on @DXSapp
