RE: Convert BUSD DAO holdings into DEC-DAI LP

[thorlock]

What’s the trading volume daily/weekly/monthly? I don't think this swap is used often enough to warrant the switch. I am voting no.

I would Vote for:

Swapping to the HIVE stable coin, HBD (currently earns 20% ROI paid monthly) and use interest payments to buy Dec each month.

Comments

[mangowambo]

thanks for your feedback, the trading volume is not to hight your right, but its really dosent matter, its enough if only one wale came along and use it.

I tried to swap 10k USD in DAI and i would lose almost 500 USD because of price impacts.

This is a hurdle, and we could help that.

Im not complete against using the funds and buying HBD, i just think its a harder thing to get approved my comment on this:

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.

and also we have other stable coin holding in the DAO that could be used for this strategy. --> USDC/T 390,780. i am happy any way as long we get rid of the BUSD holdings.