why 3 million of Luna, not $3 million?
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@Crypto-Joe this is a good call out.
Looking at liquidity and user behavior, sSCRT seems to be a better paid for sUST.
Despite cost, is there a disadvantage to supporting the sSEFI/sUST pair as well?
I thought we were talking about ~60k Luna. On chain vote has 3 mil Luna…
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Prop 142 inadvertently put 3 million LUNA instead of $3 million of LUNA (~68K LUNA at current prices) described in the proposal above. Prop 143 (in deposit period) will replace 142 with the correct $3 million worth of LUNA (68K LUNA) and will be communicated publicly once it enters the voting period.
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PlanetFinance charges a 0.25% commission. This is very high for stablecoin pair and it is not reasonable to trade here even with high liquidity.
ACryptoS and EllipsisFinance offer lower fees(0.06% and 0.04% respectively). How about offering incentives for these pools?
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I find the lack of consideration for Cardano concerning. Is there any plan for some of this money to be invested in an upcoming pool + bridge when DEXs launch? Contrary to media FUD dapps are coming and there are billions of ADA moved for iso and for dapps launching with millions of accounts. I feel like UST could make a real splash there since there’s zero stablecoins currently and the djed proposal is in my opinion a terrible one (claiming to be decentralized by obfuscation of who really controls the protocol).
I’m genuinely asking, where can we deploy capital to in Cardano right now?
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SundaeSwap will likely go live within a month
POL seems like a better use of funds. Instead of incenting liquidity for sUST-sSCRT, let’s instead give Secret Network a few million UST in exchange for a few million in SCRT. Then, we could deploy our own LPs, as could they.