RE: Splinterlands DAO - 500k HBD purchase proposal not passing
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It is doable but you need to be able to do larger sells and buys as is the case here. I wont look at the internal market right now but a 500k buy would move the price significantly. Getting in and out easily is a must.
If you use a liquidity pool in both directions, wouldn't the total fees come up to something around 5% anyways? The conversion option gives you all the liquidity you want, liquidity can't be the issue here.
This I cant answer. There is too much ambiguity about those conversions for my liking. Subject to a 3.5 day median price... I never used that myself.
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Since it is a long term position, risks are low. Because 20% APR would recover any potential losses from initial acquisition of HBD in no time. So it doesn’t matter how you obtain, internal market or conversion. If there are losses, wait until they are recovered and then implement token buy back program.
I am pretty sure that no investor wants to incur initial losses when buying a stablecoin.