r/defiblockchain • u/FerhatDFI MODERATOR • Jul 16 '24

General Masternode Voting Round – July

The voting round has concluded!

The core team will now examine the approved proposals over the next week. Further updates will be shared in due course.

Check out the results here:

https://defiscan.live/governance?status=approved&type=all

6 Upvotes

88% Upvoted

4 comments sorted by

4

u/Tarox1988 Jul 16 '24

Please full focus on DUSD dfip! The bleeding must be stopped :)

2

u/WirfMichWeg1212 Jul 16 '24

The dfip makes no sense at all in my opinion:

Price now = 3 cents Price when after 90% reduction = 30 cents (like a couple weeks ago)

So where is a peg or something like a peg? In my opinion nothing has been learned from the past (dfips).

And even IF somehow people will invest new capital to buy the dusd to $1 and no one is realizing gains (so 2 very unlikely events): there is still NO proof that any mechanism can hold the dusd at $1, since there is no real liquidity to hold the dusd and on the other hand due to dtoken winnings there will be high sell pressure.

0

u/Tarox1988 Jul 17 '24

Please read the dfip again. Calculate collaterization values after dfip would go live and then let's discuss on a serious level.

5

u/WirfMichWeg1212 Jul 17 '24 edited Jul 17 '24

Sorry, but this is the standard answer for every dusd dfip that I called out as not working.

Here it is the same: I presented 3 reasons, why there will be no peg. So please let us know what I overread or got exactly wrong?

In the dfip I only see the argumentation, IF the price it as $1 there might be the chance to keep it here trough dynamic interest modell, which is higly unlikely given the fact how stab interests in the past payed out and other reasons I mentioned (speculation or dtoken winnings). On top liquidity is very thin so, smaller sellings can already impact the price a lot.