/biz/ - Business & Finance

> Sure the formula is better. However blind faith in the coupon system for DAIQ or any project of this category is a little naive considering we both know this doesn't solve the inherent issue with these tokens, a lack of real value and justification for the supposed peg price

The value is to create an ultimate algorithm / concept that can keep a price at a certain peg without collateral backing. Why there may not be a direct use for it now, it's going to be fundamental for future concepts of decentralized finance.

BBUMP

>>26380275
>>26380518
I almost missed this thread. Thanks for taking the time to reply to me anon.
I had a look at the DSD chart. It's really a shame how they finally succeeded but all of their effort got thrashed. Not gonna lie, but after looking at it I started wondering if the same couldn't happen with DAIQ if it ever reaches the peg again. One whale exited earlier today, but what about the others? Especially the ones who bought coupons.
>Your lack of creativity speaks from the suggestions you give that the treasury could be used for other than buybacks or liquidity adds.
>First of all, the protocol is designed to be self-sustainable and go to peg without collateral. Using the treasury would defeat the entire purpose of the token, and it would destroy the balance. It would just provide exit liquidity and it will mostly be bots that will be selling each buyback in the same block.

I did say that I was kind of short-sighted after all. Now at least I fully understand WHY, it would indeed be bad if the treasury was used to unnaturally manipulate the price - ruining the whole purpose. Same for liquidity allowing for bigger fluctuations in price. I can be really stupid at times.

I get it now. Thanks again for replying anon, I'm actually interested in seeing DAIQ grow in the near future. Flash loans would be really great

WHERE IS DAIQ ANON

>>26382007
Right here. Almost missed the thread

>>26382007
You can find it on daiq.io / @daiquilibrium sirs

>>26381970
> One whale exited earlier today, but what about the others? Especially the ones who bought coupons.

The whale sold only a little bit of his stash, may be he needed money for something else and sold only the portion that he bought for less. The dip was eaten straight away.

One of the reasons DSD drops so far under peg is because the system as it is is not properly balanced. Expansion is too much to be sustainable, especially because there's a 12-24 epoch lag between unbonding, and even when the price eventually drops below peg, many people are in such insafe profit that they can easily sell at 80c or lower, which hurts the protocol. Expect us to mitigate this problem with a creative solution. Dynamic is one of our pillars for a reason.

The goal of DAIQ is not to be a pnd or a quick cash grab, the goal is to actually find the right mix to be a stable token, through proper, sustainable incentives. To attract whales and to keep them, it should only be a bit more profitable than for example farming at AAVE or COMP.

> I get it now. Thanks again for replying anon, I'm actually interested in seeing DAIQ grow in the near future. Flash loans would be really great

You're welcome, happy to clear things up!

Face it, algorithmic stables are terrible at what they're supposed to do. The system got gamed and they're just fucking ponzis. DAIQ is no different.

>>26382674

Clearly you have no idea what you're talking about. DAIQ addresses and balances every part that can be gamed so it actually functions the way it's supposed to do.

It's been a rough start but every day the protocol improves and it becomes clearer we're gonna make it.

DAIQ is 2nd gen obsolete just DSD with better settings...

Look into the next gen omega that is Apollo Protocol anons. My fat stack of DAIQ is getting sold Feb 3rd

>>26382579
When talking about the whale, I wasn't worrying about now. I when the price would be close to the peg. Without volume and agressive marketing I wouldn't be certain the dip after he sells, if he does of course, would be bought as fast.
>Expansion in DSD is too much to be sustainable, especially because there's a 12-24 epoch lag between unbonding, and even when the price eventually drops below peg, many people are in such insafe profit that they can easily sell at 80c or lower, which hurts the protocol. Expect us to mitigate this problem with a creative solution. Dynamic is one of our pillars for a reason.

Thanks for these words of hopium. I'll be sure to mention this when shilling next time, in one way or another.
>>26382674
As things stand right now, it seems to be that way, not gonna lie. The coupons sure are attractive but it's almost like a prisoner's dilemma situation. Despite the fact that everyone stands to gain if you buy a coupon below, many people (me included) won't do it because I stand nothing to lose just holding the token and waiting for others to bear the brunt of the risk seeing as it's not guaranteed it'll go back up. Unless more positive stuff comes around like what the other anon talked about it, you'll end up being right. We just have to see how things goes I guess but now I'm really positive
>>26382994
I saw it being mentioned in another thread the other day. Had a look at it, but I can't say for sure if it'll be better than DAIQ

How do coupons work? Is it an all or nothing thing where if it doesn't go to $1 you lose everything? What are epoch's anyway?

>>26383631
>What are epoch's anyway?
Think of them as cycles/time period

>>26382064
Hi uwu

>>26383631
An epoch is a way to mark passing time, so you can make measurements and assign actions to them.

In ESD/DSD epochs are a fixed time, in DAIQ they are dynamic, based on price: the further from peg, the shorter the epochs are, ranging from 30 minutes to 2 hours.

With DSD coupons expire after 180 epochs (360 hours), after that their basically worthless. This is a failsafe for the protocol, as the coupons are purchased by burning the tokens (eg. DSD), in order to reduce the supply. If this is not enough to put the price back to peg in a certain amount of time, it's also very unlikely the protocol can handle the sell pressure of the insane amount of coupons.

DAIQs coupons are different. They are more lucrative, as you can choose your own expiry time, and effectively gamble on when the price will be back to peg. A shorter expiry time will give a significantly higher premium (meaning you will get more DAIQ in return than you spent), but will come with the risk that they expire before peg is reached.

You can set the expiry up to 100,000 epochs, which is basically forever.

bump

>>26384196
How long is a DAIQ epoch?

>>26382927
>DAIQ addresses and balances every part that can be gamed
But they didn't? Whales made bank by farming LP during bootstrap and dumped it into the abyss, like always.

How is the DAIQ for coupons generated? If everyone currently holding decided to turn all their holdings into coupons, and then it went to $1 when new investors come in, where is the bonus DAIQ for the coupons coming from?

>>26385175
It's literally written in the post you're replying to

>>26385288
I was speaking in future tense. It's also something that is going to be addressed through better balancing.

>>26385436
Ok, sorry I missed that part. But what about >>26385418

>>26385418
Every epoch that the average price is above peg, there will be expansion. How much expansion there is, depends on the price. This expansion can be claimed, first come, first serve, meaning only a limited amount of coupons can be redeemed every epoch.

>>26385078
Saw you were sick sir, how's your health

>>26382674
HOLY FUCK THIS IS WHY APOLLO PROTOCOL IS THE ONLY ANSWER AND WILL 1000x

>>26386776
It's just an experiment like all the others, its success is not guaranteed, but every iteration gives us more answers.

why this shit mooning yall lmaooo

>>26387589

People done with DSD moving over

>>26387311
I like you anon. We should be frens

>>26386583
Getting better, thanks for asking anon. It was like a big flu, headaches and all the like. It calmed down and my family almost got worried thinking I had caught chink-19.

>>26387806

I look away one second and the price is at .25
What happened this time? This is making me happy

>>26387311
to iterate on this, designing a protocol like this is similar to trying to invest a perpetuum mobile or a machine with 100% efficiency.

The slight difference with it is though, that with the right parameters and incentives, it can be stable enough to be a viable stable token, and then the volume will keep it all going.

Trash shitcoin ponzi, do not buy this biz.

The shilling is starting now.

https://twitter.com/Bullrun_Gravano/status/1352768108923150339

>>26388597
Assess the risk and think for yourself, anon. I agree that right now it's not really that far from being one and I've been warning people TIME AND TIME AGAIN to think twice or at least understand fully what they were buying before getting in so I can sleep with a clear conscience.
>>26388693
On Twitter or whatever, it seems. But as far as /biz/ goes:
>now
>>26064746
>>26225955
>>26232507
>>/biz/thread/S26261700

Just in case some nigger comes out and say that shills only came here after a pump to offload their bags

>>26388785
Oh I see, now it all makes sense

BUMP BUMP BUMP BUMP BUMP

bump

bump bump bump BUMP

last bump for now, I'll make a thread later unless someone beats me to it. Good day today and finally some interest

>>26391672
good night fren

>>26380275
WE BROKE THE 30 CENT BARRIER ROAD to 5 DOLLARS IMMINENT

DAIQ CHADS WHERE ARE YOU
ROCKETING STRAIGHT TO $1 TODAY

>>26393106
I know I know, it's working!

it's all true... DSD is trash... this is the way. $1

Okay actually this is the real last bump. Feels good anons I'm glad to think people who listened to me are actually in the green

>>26394537
>this is the real last bump.

me on every rave I go to