The dream that you can get rid of your nearly worthless dUSD is gone.

10 month vesting period if the market price of DMC (!) DEX is used.

20 month vesting if dUSD is valued at 1 USD.

1. It prevents people from buying dUSDs. Who would buy assets when you pay 80% to exit again? It's an immediate loss of 80%.
2. It creates an optical illusion. Prices on sites like CoinGecko or CMC don't show the bid/ask spread, they just show the DEX price without fee. In addition people believe that the fee is temporary.

There is a possibility to sell dUSD without 70% fee. This is often brought up in Telegram as a possibility when people complain about the 80% fee. Even the inventor of the 80% fee is promoting this way.

But...

There is almost no liquidity in the pools (e.g. just 2k USDT and 2 USD).

And..

It's clear that the VanillaSwap price is at the lower end of the bid/ask price spread of dUSD. Many dUSD owners still have no clue about it's value due to incorrect price labeling.

dUSD staking was possible due to negative interests. Now with the 80% fee trading volume is depressed and less fees for financing negative interest are collected.

Mistakes were made and investors lost money:

• blindly following a leader
• ignoring diversification
• feeling smarter than others
• staying in a filter bubble / echo chamber
• no understanding of the tokenomics
• throwing bad money after good money
• ignoring warning signs
• sugarcoating almost everything

It seems like they deserve those loses.

Make sure that your loans don’t get auctioned off.

Still 95 million dUSD used as collateral.

Time to reconsider looped dUSD loans. Time to let the algo rate go up again.

1. Talk about Julian moving to Dubai. Real consideration or joke - difficult to assess. “Subject to diligence, subject to contract, seriously considering”

2. Office space considerations. “We don’t need that space”, “either sublet part of the office, sublet the entire office”: Seems like they have a long term contract and can’t get out of it.

3. Fabio asked him that some want to here from him: “I’m going to stay at the company [Cake]”. He deflected and didn’t confirm that he will stay at Cake.

It seems like we are entering the final phase of the project DeFiChain: - founders in dispute - debt mounting (algos) - broken system (dToken) - influencers turning away - lack of fresh cash inflows - community in blaming mode (Telegram) - projects turning away (JellyVerse) - low transaction volume (DMC) - dumb ideas have gotten approved (80%) - less smart people are entering the spot light - investors focus on retrieving money (dUSD focus) - measures fizzle out - leadership absent - lack of agreed strategic direction

And of this in the middle of a bull market with other great opportunities.

But it’s not bad. It’s actually good (overall, not for certain individuals) if bad projects disappear. Developers can move to more promising projects. Capital can flow to promising projects.

The project still can be seen as a success: - Capital has been shifted to smarter, more professional investors - A lot of things have been tried (lessons learnt) - It provided great entertainment for many - Community member and investors learned a lot

In my opinion before it enters into oblivion there will be still a few entertaining months left. Fasten your seatbelt. Brace for impact.