RE: No-Brainer SBD Potato Top Up Proposal
You are viewing a single comment's thread:
So what's the plan for this?
Funds Return Mandate: Once the funds are no longer required to stabilise the SBD peg to 1:1 to the USD, the funds will be returned in full to @steem.dao which makes it a "No-brainer" vote as it will, in the end, be like a return proposal.
Personally i don't see the benefit of SBD shooting way above $1 either and with such low supply SBD could be easily manipulated now perhaps?
In any case it's not like you have to return the funds right now but does the proposal need to still be voted in your opinion?
0
0
0.000
Hi @jarvie in the SBD channel in Slack we decided we would wait until end of Feb in case the market drops again. At which point I will return the funds if no longer needed. The proposal can still be voted to build up reserves until then incase the funds are needed, the more funds in place the quicker we can recover the peg.
I also don't want SBD to shoot too much over 1 USD; this proposal by @smooth would help peg on the upside https://steemit.com/steem/@smooth/steem-improvement-proposal-allow-steem-donations-to-the-dao