i've been thinking about this for a while now, and although i sympathize with the dao collecting sps and us trading other people's tokens for our own.
I think this is the wrong way!
if the dao trades foreign stablecoins for their own stablecoin dec, good sign.
if the dao helps the system to bring the stablecoin dec to the peg, also good.
if the dao helps that the flywheel finally kicks in and thus the sps price rises naturally because the ecosystem cycle finally runs as intended, also good.
but if the dao simply buys sps permanently and thus artificially keeps the price high and obscures the true supply-demand relationship. and does nothing for the stablecoin to peg or that the flywheel finally runs. then i think this is nothing sustainable, but simply a price manipulation that feeds extractors and raises the price for the players/buyers....
If you have a better suggestion, make a proposal! I'd love to read it. I agree that DEC to peg is the priority, but I don't think the DAO can really solve that problem with its limited resources. I've stated my case for why I think the DAO accumulating SPS this way makes the most sense to avoid market manipulation and allow others to make proposals before the tokens are gone.
The buy pressure wouldn't be that serious and it's not enough to maintain a price point on its own compared to how much we are printing. To be clear this proposal has nothing to do with price stabilization of SPS, it's just a very opportune time for the DAO to accumulate imo. If people agree, the DAO will do so, if they don't it wont happen. I'm not going to have hard feelings either way, but we need to stop doing nothing and if nothing else, we've got the conversation going now!