RE: Splinterlands DAO - 500k HBD purchase proposal not passing
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Liquidity is actually pretty good on the order book and seems to be constantly getting better. Currently more than enough for casual users... looking at it right now anyone could buy or sell around $3000 without much slip. The stabilizer is doing pretty well.
The thing about AMMs is that they don't work unless we provide yield to them. If we pay too much it's not worth it and if we pay too little the liquidity pool won't be big enough to have an impact. Also far too many of these wrapped tokens are locked or just sitting on some centralized exchange... we very much have to trust the operator that controls the wraps... which is basically a non-starter for big liquidity pools.
I could say a lot more about this topic but...
Bottom line is that I wouldn't touch any of these wrapped assets with a 10 foot pole.
Well, this is a significantly bigger amount. There was a whale that bought a million HBD, "@panda" something. If I recall it took him quite a bit of time.
What if the witnesses were the operators?
Do multisig on Hive. Im sure ethereum has something similar on their side.