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

in Splinterlands2 years ago

I will support this as it supports the block chain that our game is run on and it's also not yolo'ing Dao reserve funds into something that would most likely not work and backfire with the end result being that if the Dao every needing quick funds it would have to dump dec on us and tank the price. This would give dec a permanent amount that is burned repeatedly. If we have a couple more things like this that are constant such as the new market fee and such then we have a constant burn and reduction of dec supply in a sustainable manner with way less risk. If hbd and hive were to fail then we would be screwed anyways seeing as we are run on the chain and would have to fork again. Thanks for the dec burn required for this proposal. If you voted for the last proposal then this should be a no brainer "yes" vote since it "Dec to peg" positive. Unless of course people just want to be mad that their other proposal didn't pass.

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I voted against the other proposal due to the reasons you outlined in the first sentence. Decided to put my mouth where the money is and self fund this proposal that built upon the intentions of the first one.