100 usd and 10000usd worth of nsbt, you can see that these players cannot participate
Going from 1000 usd invested to 100000 million, is a factor 1000 in investment, but its a factor 126000 in swap power
It means that it create a 126x priviledge compared to what the whale investment proportional calculation would induce
It create a huge advantage to larger portfolios, and this is not the kind of action (stabilizing the system) that you wanna keep private, accept to share the profit instead of creating unsustainable favour to a few whales.
For these who tells its about risk management, explain how allowing exponentially more massiv swaps is safer than allowing many smallers swappers, proportionally to their staked 4 years investments ?
there's already a table showing the difference at the governance page, and it's clear that the second option is more balanced for smaller holders and the current one is much better for big whales.
IMHO instant swaps allow for syphoning. Therefore swaps were "given" to friendly ecosystem players while the shrimp are happy about ducks. This however backfired with recent events, as smaller players are vital to a stable system. Tldr: you can't have your cacke and eat it too
yes, the stable starts at... half a millions nsbt investments, I printed the table for smaller portfolios, and in fact the second is the best among of the bad possibilities
I agree with this, why wouldnt a whale short sell a massiv amount of his waves before doing a contract swap (with the oracle price being suppressed right before by himself)
Here made the calculs
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