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Quick tip for dealing with condensation: use a fleece sleeping bag liner. The fleece does a good job of wicking away sweat (to a point) while still keeping you warm. My warm weather quilt is just fleece with a ripstop nylon backing. It works great down to about 50 degrees (for me).
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I use one with good results down to 40’s in double layer hammocks.
No problems with moisture
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Gossamer Gear sells foam pads
3/16 inch thick? Can’t remember.
I had a 40 inch wide by 70 inch long pad.
That width is good, so you don’t slide off or hang off and get cold spots.
A thick pad, if wide enough might have some uncomfortable wrinkles as it adapts to curve shape of hammock
With a larger pad, you can always trim it down in width or length with a good scissors.
Even though my pad worked great, I no longer have it after getting underquilt.
Shug has some great YouTube videos about hammocks, tarps, suspensions and insulation both pads and quilts!