* Hi. Am I the only one who thinks this

Question

* Hi. Am I the only one who thinks this

tax on selling DUSD is insane? 1. I am holding DUSD positions that keep going down (so it is not a USD proxy at all). 2. If I sell I lose another 30% from tax - and that tax seems very fixed around 30%, it hardly moves, and 3. The purpose of having the tax is so people don't sell DUSD so it maintains near its 1:1 peg, which is proving to be a complete failure. Can it be repealed, so people actually want to use DefiChain? Noone wants to use DefiChain if one loses 30% upon selling.

#blockchain #cryptocurrency #defichain #english

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20.08.2022

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Shadows 🛑 Never PM 1st · Accepted Answer

Shadows 🛑 Never PM 1st

Tax formula changes + a strong reason to mint DUSD with loans will be voted in august round both of which will change the tax and it will be lowered if the changes go through the voting. So the question is not really relevant at the moment, measures on the way to voting already

0

20.08.2022

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* Hi. Am I the only one who thinks this

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