If a 10% downswing scares you, what are you doing then? Selling? Selling low historically has not been the best strategy. Aand you’d lose your 30 days tier A citizen status. Aand you wouldn’t be (3,3) as I can feel that you want everyone else to do to have a sense of illusory safetiness (remember it’s the very frontier of defi you’re invested in, a project that Daniele himself calls an experiment. All of this inside the Crypto asset class that is already risky enough on its own).
Either that or you really are stronghanded, believe in the project. If that’s so, minting is not a problem at all, because you are not planning to sell anyway.
I’m a pretty big wallet in this project and would only benefit with airdrops, but let’s not be too greedy with a project that is already promising so much passive income.
And mostly, even tho I’d fall into this “A tier”, I really dislike the idea of dividing the community threatening to not give them airdrop/lower the apy/not give them as much if for some reason they need to sell because IRL happens, or they feel frisky and want to try and get more time via trading, or whatever, since after all it’s THEIR money we’re talking about. Everyone should be free to move his assets whenever he wants imo, without being punished for it.
The apy we have compared to a 0.5% per year given by banks should (and is) a big incentive by itself…we get more than that every 8 hours at the speed we’re going now.
Project has been out for 3 months now, and has traded in a nice range. (Relative) Stability will come with time, and once traders get more historical data for creating a decent TA. Plus we already have backing price as a surefire cushion and representing an incentive to buy even before that level.
As for the whales “rebase-hopping”, it probably won’t be a long lasting thing, since I’ve thought about that myself and I can assure you it’s not risk free and it’s a losing game most of the times:
you have to enter and exit 3+ not so liquid markets everyday, with a big amount of money and a 1% slippage on average on the way in and another 1% on the way out. You don’t know how many others are playing this game, so you don’t know how fast you need to be and if the $ value of the underlying asset will be the same in the 10 minutes range you’re in.
At best you’re losing just on the slippage, all for a 0.6% rebase in the case of TIME specifically.
Even if some people kept doing that for some reason that I cannot see myself,
- they’re giving us loads of fees that represent treasury revenue for everyone
- if it becomes a recurring theme that price dumps after every rebase, be sure that sooner than later you can count on me and many others to buy every “sure dip” every 8 hours lol
Having said all this, I understand your thoughts and respect them altho I disagree, because I see you’re trying to be constructive and I’m happy we have such active/smart members in this community.