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RE: Convert BUSD DAO holdings into DEC-DAI LP

in #spsproposal2 years ago

Thanks for following the news and catching that risk!

I do not think SPL needs more liquidity on DEC-DAI pool, at least not now as the demand to enter the game is not that high.
We can set up a project to slowly swap BUSD for HBD (well, as fast as liquidity allows it) and stake the HBD for building a stream of income for the DAO.
This revenue once consolidated could be used to contract the SPL company to add features to the game for example for attracting more players.

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Thanks for the comment, like to see the thoughts of the members.

Your fist argument could be right. And it surly a debate if its really needed to put more liquidity into the DEC-DAI pool.

The argument to buy HBD came up a couple of time in some discussions. And would be a possible other proposal. I think the argument here is that is harder to sell to the wider community, some would be against into holding more tokens in the same ecosystems. (i would put myself in this camp) and I can't imagine that the HIVE people like it when the DAO begins to sell HBD from the interest gained.