When this proposal was put up, it wasn't an issue. It became an issue with subsequent proposals like the DHF agreement to buy a million HIVE and 130,000 HBD, which was still fine. Then the DAO passed a proposal to hire cryptomancer as well. It all adds up and when the DAO chooses to budget pretty much every dollar it has, that doesn't allow much room for things like market fluctuations. I'm pretty sure people did point this stuff out as I made it clear to Matt when he ran the cryptomancer proposal that this proposal we're getting now was a very real possibility. Unless the DAO wants to start selling DEC or SPS we don't have a lot of options. Regardless of who said what and when, we currently have a budget problem and need to fix it.
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How much hbd per month do the 130000 give? I am just thinking why not sell non hive assets and just switch full to hbd and pay whatever else with it? It's a stable and 15% apr is great
2.5 months it's made about $4,700. Not enough to cover this for sure. Usually we just compound it.
https://peakd.com/@sps.dao/wallet
Well shit, that sucks... but it makes sense.
Maybe another Runi like project (cross chain?) to a chain that can also pair with marketing. 👀 .
Honestly, this has always kind of been on my mind taking funds without effecting price is hard. But the team needs DEC anyways for credit purchases?
Yep, this is probably the best way to "sell" DEC. Let the team trickle it out for credit purchases. They can use the cash to pay the devs. We don't have to market sell DEC or SPS.