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RE: DAO Proposal: Swap DAO BUSD and USDC/T For DEC

in Splinterlandslast year

Sounds like some DEC bag holders may be trying to cash out. I can forsee this scenario. This passes the price of DEC immediately pumps to .00094 and stays there until the DAO is drained. Why would anyone sell for less with the limit price already set by the DAO. Then sayonora suckers I got 95% of peg the rest of enjoy the price fall.

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This is the most dangerous element of the proposal. I'm sure some bad actors are salivating at the potential of this proposal passing.