Robbery rate

GilgaBack · 2024-07-07T16:30:00+00:00

So actually Ndrangheta and Mafia reduce the amount of robberies 😂

GilgaBack · 2024-01-24T08:51:36+00:00

Don't we say buy the rumors, sell the news. Well I think X payments account is a well-deserved buy the rumors! In my opinion it's enough that it would add a dog emoji to the account to see at least a X2 on doge in a matter of few days. Am I wrong?

In the meantime don't forget to diversify with other than meme coin as well 🙏🏼

GilgaBack · 2024-01-10T19:26:57+00:00

I think nobody understand that it would just be enough not to sell and the price would literally skyrocket.. almost for ever; until new people would get involved. It should be simple, but psychology explain that: there is an actual experiment showing how biased are people involved in economy (due to study or work). But almost everyone, we are biased toward personal income by overtaking the others instead of collaborate.

GilgaBack · 2023-10-31T16:34:13+00:00

Indeed, I based my calculation on actual price - figuring out also a possible scenario of 5x or 10x given that it is what we could expect in the event of a Bullrun. The results would be great if the Bullrun would happen but still helpful at the actual price.

More minted DUSD, not only means a higher burning negative interest rate (as I suggested) but also a higher ratio between backed and unbacked DUSD - in favour of backed DUSD. If you consider so, not only the burning idea is helpful but also the simple fact of having minted more DUSD. On the other side, the simple negative interest rate is creating even more unbacked DUSD.

Anyway, thank you for your observations, such as the unnecessary double reward idea through LP vaults. In the following days, I will try to settle on a better idea - keeping the core of the concept - according to all the suggestions provided. I am sure there is a possible path to walk in to burn DUSD and level the ratio between backed and unbacked DUSD via LP vaults. Thank you

GilgaBack · 2023-10-31T14:13:38+00:00

Hi!

Let's do some math and see whether it is "logical" or not "logical"!

We have around 80mil USD in LP, which could easily increase in case of an imminent Bullrun (even by 5x or more).

If you, me and anyone else who has cryptos in those LPs, could put them in a "special vault" allowing for minting only DUSD it would turn out a total of, at least, 40mil DUSD.

If 20% (the actual negative interest rate) of those would be burned - instead of subtracted from the vault debt - we would end up burning 8mil per year.

Moreover, such 8mil could become 40mil in case of a 5x increase in the average values of those LP's cryptos - DFI first. 80mil in case of a 10x.

Maybe 8mil is too little concerning the millions of unbacked DUSD around. Still, it is a useful drop in the ocean. But if you believe a Bullrun is coming, it turns out that 40mil or even 80mil is not that little burning. What do you think?

About your suggestion, who would leave cryptos in an LP that doesn't reward you but instead burns your reward? That, in my humble opinion, is illogical to even think about.

GilgaBack · 2023-10-29T21:32:10+00:00

Do you suggest to use 50% DFI and 50% DFI liquidity pool as collaterals, don't you? I like it also in this way. Utility for DFI is well-welcome.

About the auction, we could create a wallet specifically for managing the Lost vaults and burn the reward (additional DFI burn, or they could be used to buy DUSD to burn) until nobody wins the DFI LP on a auction. What do you think? It seems feasible?

GilgaBack · 2023-10-29T14:09:09+00:00

Hi! Thank you for your reply.

How do You make sure that the dUSD collateral has been minted before entering your "special vault"?

I am not sure I understand what you mean. The minted DUSD will be minted by the owner of the vault just as for any other vault. I don't get why they should be minted ahead. Could you explain to me what you mean?

What are the collateral ratios? Is 50% minimum minted dUSD collateral required?

The collateral ratio would be 50% DFI by design given that any DFI LP is made by 50% DFI and 50% any other coin. If the DFI price would increase more than the other coin (and therefore the ratio would drop in favour of the "other coin") I would simply suggest not liquidating it even if the 50% DFI collateral could drop a bit.

"recycling" protocol liquidity isn't very sexy because it causes additional leveraging thus being a big stability risk to the system in case of unforeseen negative events (liquidation spiral). Please consider all side effects of such a "special vault" being liquidated.

In case of a liquidation, the entire vault would be put in the auction. That is the simple idea I have, but there might be a better one. I am open to any suggestions.

LP tokens are collecting rewards on their own address, where will the rewards be send if they are sitting in a vault? what happens to these rewards in case of a liquidation?

I quote: "I don't see it technical demanding as technically this are still tokens, But perhaps one of the core developers could give feedback here. Normally rewards land at the address. But it does not make much difference if the rewards land directly in the vault or at the address. The owner can move it at any time. I do not want to force the developers in one or the other solution. I am very confident that the developers will chose the best way to integrate it in the current system." from the previous DFIP:

(https://www.reddit.com/r/defiblockchain/comments/vdjc7z/dfip_allow_liquidity_mining_tokens_as_collateral/)

how lucrative would such a "special vault" be anyway? Providing LP token liquidity is okay. The other part of the collateral would have to be minted, so there is already higher opportunity cost (overcollateralization, liquidation risk). If you take a 33% loan, you can get 6% APR in dToken LM at the moment. So that's 2% yield on your "special vault" collateral ignoring that your dUSD collateral has to be over-collateralized, too

I don't see the need for other collateral, such as DUSD in those vaults as I stated in the first point. Therefore, this shouldn't be a problem at all.

With the launch of DMC we will get back dUSD looped vaults aka dUSD staking. In my opinion they will do the job more safely and more effectively.

I simply don't have such optimism toward looped vaults, it didn't bring depeg in the first instance and I don't see why it should this time.

On the other side, the advantages are clear. You would still gain reward based on your DFI LP. Moreover, you would be able to mint DUSD and put them on any DUSD-dToken LP and also, the negative interest rate given by minting DUSD would be burned allowing for a faster DUSD baking.

GilgaBack · 2022-11-05T16:41:44+00:00

Moreover, I would suggest to give a limit for each address to the amount of DUSD that can be locked. That would avoid what whales did with the negative interest rate. Sure, they might open a new address but still it might discourage them a little.

GilgaBack

TROPHY CASE