RE: RE: SPS Governance Proposal - Convert Unused DAO Token Holdings into SPS
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RE: SPS Governance Proposal - Convert Unused DAO Token Holdings into SPS

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3y

i've been thinking about this for a while now, and although i sympathize with the dao collecting sps and us trading other people's tokens for our own.

I think this is the wrong way!

if the dao trades foreign stablecoins for their own stablecoin dec, good sign.

if the dao helps the system to bring the stablecoin dec to the peg, also good.

if the dao helps that the flywheel finally kicks in and thus the sps price rises naturally because the ecosystem cycle finally runs as intended, also good.

but if the dao simply buys sps permanently and thus artificially keeps the price high and obscures the true supply-demand relationship. and does nothing for the stablecoin to peg or that the flywheel finally runs. then i think this is nothing sustainable, but simply a price manipulation that feeds extractors and raises the price for the players/buyers....

@bronko: i've been thinking | Ecency