Very interesting product! Are you interested in working with me me on VIG? @vigorstablecoin https://vig.ai We can use their @eosdac DEFI system :D
Also id love to get you involved while I make my own stable coins for crypto naira in nigeria and the Cedi in Ghana using market making bots and, peg them to telos tokens and have them on Bancor SQRL qwallet liquidity pool on telos which i have SAND on , I mean, @sesacash will have them on telos but steem engine could use them
How do you keep the token pegged? Is it the same market maker bot everyone uses?
I love how your using blockchain assets to back this. we could even use the BTSUSDP and we may have trx Tether soon or erc20 tether maybe eos tether and i hope we could even have USDC since itsOn Bitpay but its an erc20... EOS CARBOn is coming to us that will be fun...
@teslastock and the ability to use @cashapp https://cashappcard.org cash.app to get Stocks, and, use market market boit topeg them, telos has one and we can peg it and allow people to arbitrage it themselves, and if people want to withdraw they have to do KYC, and then we can sell on cashapp and send to them
Thank you for your interest.
Our objective is to provide a robust stable coin on steem blockchain. We keep enough liquidity on steem-engine to support our market maker bot.
Do drop a message when your projects are live. Wish you all the best.
Ok so, how much liquid steemp do I need on steem engine for a market making bot? I really need one for perhaps @challengedac and @chaceeskam may want to know how to get that market making bot to ensure constant liquidity for CHLP so we dont have to manually do it. itd be nice to just put in some steemp and some chlp and let it go.
Well it will depend on how much supply is issued and what price you want to support for the token. around 10% of supplied value in steem is what that your market maker bot would need at any time.