Well, you are kind of right. However it doesn’t suck as most AGC circuits do.
WaveRider’s intelligent algorithm maintains the natural dynamic of the signal, keeping quiet parts comparatively quieter than loud parts. AGC circuits have a common characteristic: They will push gain as default and then brick-wall limit the hell out of the signal, creating a pumping artefact. WaveRider won’t do that, it will glide the signal gently to where it needs to go.
