You are viewing a single comment's thread from:

RE: Convert BUSD DAO holdings into DEC-DAI LP

in #spsproposal • 2 years ago
  1. Do not know if the concern is true.
  2. Not interested in DAO to get into LP
  3. If BUSD does indeed get defunct, there is a working stable coin in the hive ecosystem. HBD. Aggy and Matt is well aware of it. They can quickly convert that BUSD to HBD. Hopefully that doesn't require a DAO proposal.
2 years ago in #spsproposal by
$0.07
  • Past Payouts $0.07
  • - Author $0.03
  • - Curators $0.03
2 votes
Reply 6
Sort:  
  • Trending
    • [-]
     2 years ago (edited) 
    1. you could be right, and maybe im over thinking it. But why risk it? There is no reason to . If in the future everything is fine with BUSD and we want to use the funds for something else, juste make a proposal and we can remove the pool funds and use it.
    2. yes this is a personal opinion and i respect that. And really cant argue with it. Only thing i can say is that the DAO is already involved in the SPS Pools.
    3. I am acutely not sure if you can easily (an maybe more important in such a case „fast“) convert 100k USD in to HBD. The liquidity is not that hight. Futermore i also would like to know in such a „rush“ case what the team would do, i dont think they would make that dession without a proposal. But i could be wrong on that.
      And maybe as last point it could make sense to not be relaiend on one ecosystem. If something happens to HBD, we/ the DAO would be happy to be a little diversified. (This is my opinion surely some would disagree)
    $0.00
      Reply
      [-]
       2 years ago (edited) 
      1. We will just ask Smooth. We control the HBD market.

      But agree it may not be fast. The assumption is BUSD tanks, then why would Smooth want to hold that excrement called BUSD. Other conversations methods need to be explored but that is a different proposal, and not this one

      $0.00
        Reply
        [-]
         2 years ago (edited) 

        Haha im sorry i dont know the HIVE insider that well, if thats the case one reason more to be carefull. :P

        Maybe you could tell me whats the worst thing that happens if my HIVE reputation stays at 5. i honestly dont know. is this bad? ^^

        [-]
         2 years ago  

        Not bad at all. You don’t post, so it’s nothing anyways.

        Also if you post anything noteworthy I will vote it and reputation will be 50 on a single vote. Don’t worry about that number.

        [-]
         2 years ago  

        I 100% agree with azircon here.

        1. Not interested in DAO to get into LP
        2. Keep DAO out of LP pools
        3. BUSD to HBD

        I still don't understand why we don't have a DEC/HBD LP pool on HIVE.

        $0.00
          Reply
          [-]
           2 years ago  

          Yeah. I pretty much agree with this. And the HBD liquidity issue can be resolved.

          $0.00
            Reply