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This post is not financial advice
Also I am discussing the schedule buybacks, not the guaranteed buybacks. No change to that is being considered.
Quarterly scheduled buybacks are on or before June 1st. If you'd like to sell your tokens, place a sell order for 1.03 before that date or the arbitrage bots will beat you to it.
I have noticed for basically this whole year that most of the folks participating in the scheduled buybacks are the trading bots.
People for the most part are not selling their UNICOIN. I don't blame them. With the LP APR being so high (even before the recent bump) why sell for 2-4% when the LPs earn 10x that on average?
Speaking of LP the real average APR right now is just over 100% but with adding THREE it looks higher. The bump up to 100%+ is because someone donated their tokens (a surprise to me- so grateful) in addition to what I put in.
My question to the community- Would you be alright if moving forward the amount of tokens bought back quarterly (sometimes more often) is reduced but the liquidity is increased?
Our HPH ratio is the highest it's ever been. HP alone is covering roughly 3x the tokens in circulation and that is only HP not any other tokens.
What I am proposing: To mint and pair 200-400 UNICOIN to put into the LP over time. Not all at once. That pairing would be on this account. However, I would reduce the percentage of buybacks down to less than 10% of circulating supply each round.
The reason for this is new tokens would be minted then locked into the pool. This would increase the circulating supply. People aren't selling for the most part anyway so it seems silly to budget for buybacks people just aren't interested in. It already is kind of silly because roughly 50% of tokens in circulation are held on my main account in the LP yet I still base the buyback amount on total circulating supply.
Buybacks will still take place quarterly sometimes more frequently but will be based on less of a percentage than right now. I don't have an exact percentage in mind and it may vary.
What do you think? Should I reduce buybacks but increase liquidity (while keeping the price balanced)?
This seems like it may the the most beneficial overall, but I want to hear your thoughts. Feel free to comment or find me on discord or whatever and let me know what you think.
The vast majority of users don't buy/sell according to specific times. It's wiser to keep a buyback option in place for situations where the price is trending downwards. It's better to focus on increasing liquidity in the liquidity pool while keeping LP rewards at a certain level. Users should be able to buy/sell whenever they want.
This is what I was thinking. Thank you so much for your feedback. I appreciate it. !UNI !PIXY !BBH
Increase liquidity - sounds good to me.
Just bought 5 more and added them to the pool.
Nice APR
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