Can anyone give me some insight on how the recent

Question

Can anyone give me some insight on how the recent

DFIP was not implemented purely as a means of price regulation, how it accomplished its goals, and why expanding it would not be extremely detrimental to the system as a whole?

These are genuine questions, as I have yet to see the solution that the DFIP was posed to provide, dUSD is still not at parity with any stable coins, and it seems like regulation and price control to me.

#blockchain #cryptocurrency #defichain #english

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10.02.2022

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Dennis Washington Автор вопроса

DanieL BaptistA
The current DFIP was in no means designed to force...

I appreciate the response and am not trying to say it is incorrect, following is my thought, Regulation as it pertains to pricing is the implementation of a system to manipulate/control the price of something. If I am not mistaken from the DFIP proposal and the Twitter spaces where it was discussed the exact reason for it was to implement a way to eliminate the dUSD "premium". IE: regulate the difference of dUSD to USD Regulation inherently has nothing to do with centralization, the two have been in concert in the traditional finance world for ages but there is nothing tying them together, and a side argument would be that this was centrally implemented in the code base, not as a function of the operator system, but centrally in the defichain controlled opspace. Once other exchanges open the prices will be highly inflexible as regulation is now in place to control it, through the illusion of control by the users, however the users are forced to a certain scenario by the underlying mechanisms. As to the last point, it will not be the measure of community adoption that controls the approximation, it will be capital adoption, there by we this path continues it will reenact the tenement of traditional finance that the system is built to benefit the wealthy, and the normal people are by virtue forced to participate in the wealthies game if they wish to participate at all.

0

10.02.2022

DanieL BaptistA · Accepted Answer

The current DFIP was in no means designed to force parity with a stable coin or usd itself. Forcing such parity is what indeed would need regulation and price control. You cannot do that in decentralized finance. It was designed to create the needed mechanisms to create, naturaly and organically, an aproximation of DUSD to the price of USD, for example allowing the payment of loans with DFI instead DUSD, creating scarcity in DFI and driving price up and excess DUSD, driving price down for example. But nothing more than create the needed mechanisms to allow such possibility. You cannot regulate decentralized finance, otherwise it would not be decentralized, would have a central control entity. After this, the price will continue to be flexible and the bigger or smaller aproximation to USD will come from community adoption to such measures, the bigger adoption, the bigger parity. Sorry if the answer is not technically developed or the most correct at the moment, but still studying the same and drawing conclusions to what it may bring for the future. Best regards! :)

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