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If everyone has to sell to dUSD to buy the
stock tokens, won’t that make the price of DFI drop a lot ?
12 ответов
what's your reasoning?
The other way round. To get dUSD, you have to sell DFI. That increases the DFI price, DFI is taken away into LM of DFI/DUSD
Selling an asset decreases its price... So selling DFI for DUSD makes DFI decrease.
Selling an asset decreases its price... So selling...
That is correct within the LM Pool, so DFI vs DUSD decreases. It’s now for the people who mint to use that. But for the outside, for example DEX:DFI/USDC or Bittrex:DFI/USDT it US positive for DFI as DFI is taken away. It’s a Liquidity Squeeze. That’s why the prices goes up at the moment
Shaun
Автор вопроса
The other way round. To get dUSD, you have to sell...
Then why is the DFI price dumping as the stocks went live ?
Then why is the DFI price dumping as the stocks we...
Because of a drop of BTC
Because of a drop of BTC
And also some whales is think. And never forget the panic seller without patience. They jump over the cliff once whales sale
That is correct within the LM Pool, so DFI vs DUSD...
But the DFI price is dropping (4.74 on Bittrex now), not increasing as you say. I don't get it :-/
But the DFI price is dropping (4.74 on Bittrex now...
The squeeze was done over the last weeks and DFI price increased. The drop came from the BTC drop some minutes ago. DEX:BTC/DFI holds value of hundreds of millions USD. That stabilizes DFI a lot, but also let’s DFI go with BTC/DFI a lot. If you look at a BTC/DFI Chart, you see the real DFI Performance
Shaun
Автор вопроса
Because of a drop of BTC
I think it’s more than that
I think it’s more than that
You can see the similarities, can’t you. Still DFI has not increased as much!!!
Shaun
Автор вопроса
The other way round. To get dUSD, you have to sell...
What about if they get TSLA/DUSD is that taking away from DFI. My point is wouldn’t it be better for people to buy or hold DFI and not sell it for a stock token or dUSD ? So minting would be better for DFI price ?
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