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RE: DAO Deposits Stable Coin to HBD Savings, using Interest to buy & burn DEC daily

in Splinterlands • last year (edited)

i don't really understand where the difference is from previous proposal. yes, i understand that purchases etc. are better regulated, but at the end of the day, hbd holders can now use the liquidity to finally get out of hbd. because the current situation there is even worse because the demand there is much lower than dec. or am i seeing something wron?

so why is it better to give liqidity in hbd than in our own ecosystem?

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     last year  

    HBD is consistently trading at its intended peg, which means that there is no need for additional liquidity to exit it. Anyone who wanted to exit HBD would have already done so. This situation is different from Splinterlands, where people bought DEC at 0.7 and could sell it at 0.95, as mentioned in the previous proposal. With this new proposal, the interest gained would be utilized to fund DEC buybacks.

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     last year  

    Thanks for adding the clarification here :)

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     last year  

    The Interest component means that there is continual investment into Splinterlands tokenomics while also having the cake available in HBD form.

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