I am very curious to learn of your proposed methods for holding peg. Any idea when you may be making an announcement on this? No rush, just curious.
I am very curious to learn of your proposed methods for holding peg. Any idea when you may be making an announcement on this? No rush, just curious.
Hello there. Thank you for your question. There will be an explanation article for it. But let me talk briefly. CENT is not a fixed price token. It's a bit like AMPL if we need to compare. It's ok to zigzag in the range of 0.0075-0.0125. Of course we want it to converge by $0.01. For this, increasing/decreasing the token supply, increasing/decreasing the rewards for liquidity pools, market maker orders, reducing/expanding the incentive, managing perception etc. Many solutions have been found.
I agree with all of your possible solutions save one. Personally I would not intentionally make changes to the rewards liquidity pool. A downward turn in reward might signal weakness thereby driving stakeholders away from their positions never to return. The Ampleforth scenario of supply manipulation, albeit in its infancy, seems to me the more pragmatic solution of the bunch. Just my two cents....
I'll throw this out to be the devil's advocate. Don't you think a spread of 0.005 is quite a large spread given the diminutive low value of the peg. In fact, peg may be easier to maintain with a smaller spread as you'd be more attentive to daily value....Again, just my two cents.
Of final note, I truly believe you are doing yourself a disservice not hooking up with @amr008. He could provide you with assistance in coming up with financing scenarios. Plus, in my humble opinion, participation sooner than later in his engagement project will direct traffic to the tribe.
I plan on buying some more tokens and staking them later today. Plus, I plan on making my first post on the front end of CENT in the next day or so (I have to finish it already, but keep getting pulled to do other things).
Please just treat all of the above as suggestions or advice. It is in no way critical of where you have taken this this far.
Have a good day!
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You are right. A range of $0.05 is too big. But the solution examples I gave are valid if we force endpoints completely.
I like your idea of contacting Amr. But we also have time for that. I need to check if the prize pool is stable. I have to make the annual APR and APY satisfying and balanced. There's a lot of work involved for this, including editing curator/author earnings. In summary; tribe is newly formed. Even the delegation feature is not active. We need some time for surveillance and editing. However, I took note of your advice. Thank you very much for your contribution and thoughts.
Just trying to offer some help. I think its time for me to just sit back and let you do your thing.
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Thank you. I am grateful.🙏