How The DAO Makes Money On The DEC Trade

avatar

In this video, I respond to a comment on my YouTube channel regarding how the DAO can actually make money while also protecting DEC's intended peg rate (to a certain extent). By creating an artificial floor at which that DAO would purchase DEC aggressively - in this case 70% of peg value according to the restructure proposal - it can then choose to sell that DEC back into the market if and when we are at or above the peg value capturing a 30% spread. Of course, if the DAO is low on DEC or wants to turn on the SPS flywheel, it can also choose to buy SPS off the market and burn for DEC to sell but that will come when scarcity in DEC is felt a little more in the ecosystem.


Join Splinterlands: https://next.splinterlands.com/register?ref=aftersound

Connect with me here:

Instagram - https://www.instagram.com/aftersound X - https://x.com/aftersoundmusic YouTube Gaming - https://www.youtube.com/aftersoundgaming

Stream my music here:

Spotify - https://tinyurl.com/y3bxc5rd Apple Music - http://hyperurl.co/aftersoundapplemusic YouTube Music - https://www.youtube.com/aftersoundband

Posted Using INLEO



0
0
0.000
1 comments