DUO Guest Author @rainbowdash4l with a DUO proposal - MOST MEANINGFUL COMMENT WINS DUO!

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Top 3 DUO stakers

1

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2

3

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Community DUO games

@ranbowdash4l is hosting a game in the comments you can win some DUO !

Proposal

Summary:
incentive to create more demand for the DUO token, without incurring additional costs.

Situation/problem:
While we are nearing the end of the 1 Hive Duo sales bucket, we can also see large cheaper sales orders being opened and not getting filled. Furthermore, we see some unstaking on the explorer richlist and more liquid duo being kept. This suggest that we are losing some momentum.

Proposed solution:
Fully dedicate the sales revenue for the remaining batch of DUO at 1 Hive – that is being generated before date x

  1. Creating a swap.hive:duo liquidity pool
  2. Setting up an arbitrage bot (as the price will jump to 1.5 hive with the next bucket)
  3. Add all remaining revenue to the pool (distribution period 180 days)

Expected outcomes:

  1. Additional buying pressure to get in the pool / potentially selling out the 1 hive bucket.
  2. Being more attractive for new investors due to the community provided exit capital for the investors that want out.
  3. Arbitrage opportunities (Using the arbitrage bot to play in between market and pool) – generating additional income.
  4. Increased unstaking (a portion of the current stakers might want to enter the pool without buying additional DUO, which they can do by unstaking)
    Risk: when this occurs and these investors sell half of their unstaked amount to the pool we will see some short term selling pressure.
    Intervention: arbitrage bot could help restore this short term disbalance
  5. As a result of expected outcome 4. Daily Dividend rewards for remaining stakers might increase (same pool / less staked Duo)

Proposed planning:
Decision process (2 weeks)
Announcement result (1 day)
Deadline for sales (2 weeks after announcement)
Pool creation (1 day after deadline sales)
Reward distribution (1 day after pool creation)

Additional proposals
Suggestion that might be interesting to maintain the pool:
1A. Add all revenue generated by arbitrage bot (- operational costs) to the pool. (Benefit no addition costs)

Teams take

While we love the proposal there is some development cost involved in setting up such a bot, right now we are exploring if we can make something like this with some ready made hive tools we can use to save on costs.


Most meaningful

Most meaningful comment goes to @rainbowdash4l enjoy your 0.2 DUO !

The most meaningful comment on this post gets 0.2 DUO

You can trade DUO with the links bellow
https://tribaldex.com/trade/DUO
https://hive-engine.com/trade/DUO

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Link to the DUO white paper here

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Posted Using INLEO

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3 comments

Community sponsered guessing game

Price: 0.5 DUO tip
Range: P - U

Assignment: rather than just mention just the letter, explain why this is the one (make a short funny / silly argument)

I will do a fair draw, if more people had the same letter, I will look at the argument

Please reply on this comment to participate

β€”β€”

Yesterday’s winners:

Today the draw ended on β€œL”, could not pick between the 2 contestants based on their motivation. So they both get the 0.5 DUO tip! Congrats @fonestreet and @lourica

IMG_1021.jpeg

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I am going with Q
The reason is that she's badass in James Bond 😎

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!LOL

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Yooo sir rainbow thanks for all the support to all of us!
!LUV

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P
That is my Pick 😹

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I try S again, you know why 🦸
!LOLZ
!BBH

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I called the Tinitutus Helpline.
It didn't stop ringing.

Credit: reddit
@rainbowdash4l, I sent you an $LOLZ on behalf of servelle

(4/10)
Farm LOLZ tokens when you Delegate Hive or Hive Tokens.
Click to delegate: 10 - 20 - 50 - 100 HP

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(edited)

It will be a U!
… me saying this while waving with hand πŸ‘‹πŸ½ and looking deeply meaningful πŸ‘οΈπŸ‘οΈ … because there was a U shaped disturbance in the force … 🧘🏾

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Congrats! !duo !pimp !pizza !GIFU

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(1/3)
@moretea! @rainbowdash4l wants to share GiFu with you! so I just sent 20.0 SWAP.GIFU to your account on behalf of @rainbowdash4l.

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This sounds like great ideas! I'm not quite sure how the liquidity pool would be helping, but the rest is brilliant
Wouldn't it make it easier for people to sell? What would the incentive be for putting liquid DUO in the LP?

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We would want people to be able to sell if they please. That would make imo a token more attractive as you can reajust if you want.

So the incentive to provide liquidity in this proposal comes from 2 (/ 3) sources:

  1. Liquidity provider fee - all diezel (tribaldex pool) charge a small fee for swapping. This fee is added to the pool and thus distributed pro-ratio to liquidity providers (more swap volume => more fees => more rewards)
  2. All sales in the tbd sales window are distributed to a. Pool creation = 1000 bee b. Setting up a bot (not exactly sure of how much that is) c. Adding all remaining sales as a liquidity provider reward (distributed pro ratio to all liquidity providers - regardless of swap volume).

/3. If we set up an arbitrage bot it will buy/sell from and to market and pool in order to make profit. This is great for the liquidity providers as it increases pool volume and thus pool fees. But we could also determine that all profit (so after maintaince cost) are added to liquidity provider rewards (the one that is independed of pool volume).

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Right then.. I bow to you. Homework has been done and triple checked πŸ˜ƒ
Now I'm up for it all the way πŸ’―

!BBH !SLOTH

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