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

in Splinterlandslast year

It could be turned into a bot-like operation, for sure. We have much more complex tasks being done in an automated manner by various HIVE bots and market makers and other people. We have the tech.

I'm personally not fussed if it isn't 250k; but many members in the community think this proposal is "too cautious", or "wouldn't do enough" to "immediately" prop up the price of DEC.

My underlying goal with this proposal is to have a sustainable income for the DAO once DEC reaches peg, and in the intervening time period, an equal measure of DEC is removed from supply, and added to the treasury.

As I mentioned in the proposal, I'm not emotionally attached to it passing or failing, it is simply a concept, and if people want to tweak this further, should this one fail, then they are more than welcome to create their own proposal, and I'll likely support it. :)