RE: Steem Platform Proposal: Trade Vested Stake (SP) for Liquidity (Steem and/or SBD)

[dalz]

I imagen that in this way SP would be a little bit cheaper. For those who want to cash out immediately and not wait 13 weeks. Could be a good posibility for some one who wants to increase SP, to get it cheaper. The market will tell how much cheaper, and is there a space for this kind of trading. Interesting idea. More possibilities :)

Comments

[scipio]

I also assume the price (ratio) of Steem/SP will be < 1, because it provides immediate liquidity and having it fluctuate over time allows to "trade vested stake" as well!

However, because if Steem/SP < 1, that means it is cheaper to buy SP from the internal market than to power-up liquid Steem, hence everybody would then acquire their SP at the internal market, provided any tradeable SP supply is available.

[scipio]

Also, it would allow for more business models to earn ROI on vesting and trading vests:

• let's assume the price-ratio of Steem/SP at one point in time = 0.8, meaning you'd need to pay 800 Steem to acquire 1,000 SP
• then if the buyer of those 1,000 SP would decide to power it down immediately, 13 weeks later he'd have 1,000 Steem liquid, meaning he then owns 25% more Steem than at the trade

[dalz]

Yes, you went well trough the scenario. It can deliver some nice trading oportunities if played well.

The thing is, untill it goes live, nobody knows the potential of the users who are willing to sell cheaper SP for instant liquidity. Maybe a poll?
Also I guess it would be a period of time for people to get humuliar with this option and start using it.

[scipio]

Well, we can poll in here!
Would you feel more comfortable vesting SP stake, if you were able to liquidate it via the forementioned mechanisms?

[dalz]

Absolutely :)

[scipio]

And so would I!