Convert Part of DOT Assets to Stablecoins

Root
3mos ago
10 Comments
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Decision28d
Confirmation1d
Attempts
1
Tally
99.8%Aye
50.0%Threshold
0.2%Nay
Aye
57.18MDOT
Nay
122.47KDOT
  • 0.0%
  • 0.0%
  • 0.0%

Threshold

Support(1.46%)
21.47MDOT
Issuance
1.47BDOT
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Comments

strongly oppose it.

  1. 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
  2. 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
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Thank you Joe for explaining in details this proposal.
I`ve Voted Aye!

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