RE: SPS Governance Proposal - Riftwatchers Presale Proposal 3
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The sps.dao account actually has around 19K vouchers, accumulated over time from the 2 million SPS that it has staked. Thus the DAO will eventually be able to return the vouchers without having to resort to buying any.
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on any borrowed vouchers there still is risk i guess is all im saying i guess how big is the risk not that huge if we have not actually borrowed and prob wont need to as a result of staking from SPS that makes sense as a good hedge to produce them at at least the rate of how many vouchers are needed then and risk is pretty much gone as long as we can do that we still i guess have risk in price on any net borrowing s but could be are way to and be cheaper to payback during voucher lulls either way i guess i get impacted about the same since i have all three sides as a investor so i guess im good either way it goes i was just wondering how this is structured whats the risk involved bc it changes based on the terms.
my concern was the price exposure bc the dao could have sold them or borrowed in usdt or something to not have price fluctuations. Or am i thinking of it incorrectly im thinking if we still owe the voucehrs we could have sold the ones we produce likely at a higher price later instead of using for a loan like i would loan vocuhers i bet next time if there is a loan we should open it up to partificpation by investors to to step in and lend the vouchers or other assets to bc i bet we can easily find ppl to take the loan and risk that the vouchers they get paid back will triple or double as they are not likely to do way down compared to a jump up
Finally nice to put a face to the name at spl fest this is Brian or Bigdaddyyumyms lol. They could return the vouchers say if it was borrowed at .2 and they goto 3 wouldnt we still lose out on a gain even if they are just minted. Hedging these types in the future if they are bigger would be a good risk mmgmt strategy by either getting someone to take the other side or create a loan where members fund with stable coins with a rate we all agree on. I would have funded the whole loan.