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The ASA Stats official communication channel.
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Pepe 2.0 ASA 1137071163 #844

Closed Blueflash19 closed 10 months ago

Blueflash19 commented 10 months ago

Bug description: Pricing info is wrong. On Ethereum $1 would purchase circa 24.6M Pepe 2.0.

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On Algorand $1 would purchase circa 68.3M Pepe 2.0

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This is problematic when setting up a liquidity pool.

ipaleka commented 10 months ago

I checked two random holder accounts:

Those results are correct on our side and they imply (as one of those is a whale) that only one pool in the ecosystem (Tinyman's) provides liquidity for Pepe 2.0.

And basically, that's the only thing ASA Stats takes care about. It's up to the ecosystem's players to provide liquidity and we are dedicated to correctly showing the values of our ecosystem only.

P.S. Our job is to show how much value our users can get for their tokens, while our user widgets (planned for development in the following months) will allow to swap them all in one click.

Blueflash19 commented 10 months ago

When I tried to add liquidity to the Tinyman2 pool, by adding 13Bn of it, that had absolutely no impact on the exchange rate.  Why would anyone bother to provide liquidity to Pepe 2.0 if that means exchanging it for third of its value compared with Ethereum?

ipaleka commented 10 months ago

I'm adding wontfix label here as there's no related bug in ASA Stats.

You have to understand that those two assets aren't the same and that is true for any example between blockchains. Even stable assets aren't the same and the only thing that makes people act as if they are the same is the fact that some entity has provided a bunch of fiat currency/assets to keep them stable and equal.

In this case, nobody can confirm that this asset you refer to isn't fake and created just to make a rug pull - and that's one of the reasons why its price doesn't "fit".

Blueflash19 commented 10 months ago

It’s not fake because it can be bridged back and forth on Messina, and has the verified tick.  Is the same Pepe 2.0 that’s listed on Coinbase, just wrapped, I’ve bridged some over myself

ipaleka commented 10 months ago

It’s not fake because it can be bridged back and forth on Messina, and has the verified tick.

Oh, sry, I didn't check before entering the discussion. I guess this changes things and we'd probably need to implement some custom exchange functionality like we didn't here: https://github.com/asastats/channel/issues/806

ipaleka commented 10 months ago

It’s not fake because it can be bridged back and forth on Messina, and has the verified tick. Is the same Pepe 2.0 that’s listed on Coinbase, just wrapped, I’ve bridged some over myself

https://github.com/asastats/channel/discussions/845

Blueflash19 commented 10 months ago

Hi,Any progress on this?

ipaleka commented 10 months ago

Nobody has provided any idea in that discussion... #845

Do you have any? From where in our blockchain we can fetch the actual price?

Blueflash19 commented 10 months ago

I would suggest CoinMarketCap.

ipaleka commented 10 months ago

I'm afraid you didn't understand the problem. We are an Algorand blockchain portfolio tracker and we show the values users can get by exchanging their assets in our blockchain.

The main goal is to create a user widget with a button "Sell all" and in a few rounds that account would be filled only with Algo.

ipaleka commented 10 months ago

Please continue in the related discussion thread: #845