Convert Part of DOT Assets to Stablecoins

1yr ago

Executed

Content

AI Summary

Status

Decision28d

Confirmation

Attempts

Tally

99.8%Aye

50.0%Threshold

0.2%Nay

Aye

≈57.18MDOT

Nay

≈122.47KDOT

Support

1.46%

≈21.47MDOT

Issuance

≈1.47BDOT

Votes

Nested

Flattened

Calls

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Call

Metadata

Timeline6

Votes Bubble

Curves

Statistics

Comments

strongly oppose it.

Wrong timing: The current dot price is very low, and selling it now is very uneconomical and will make the price even lower. Diversification into stablecoins should be completed during bull markets
The price increase of dot is the best medicine for everything, and the price increase depends on the precipitation of protocols. For example, we support our top dapp hydration more, and support its lending and stablecoin. On the one hand, the selling volume decreases, and the dot price increases. On the other hand, the casting of our own stablecoin is a better way

Thank you Joe for explaining in details this proposal.
I`ve Voted Aye!