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26882798 No.26882798 [Reply] [Original]

Previous thread: >>26856980
https://daiq.io
>What is DAIQ and how does it work?
https://daiquilibrium.medium.com/daiquilibrium-algorithmic-stablecoins-and-daiq-101-guide-410c163cca87?readmore=1
https://www.youtube.com/watch?v=FgnHxXYpt78

DAIQ is an algorithmic "stablecoin" with a dynamic supply, pegged to $1. At the time of this post, 1 DAIQ = 40 cents. You understand the potential gains to be made. This is somewhat of an x2 from there, more or less. But not only. The real fun is during the expansion phase with the rewards for providing liquidity and bonding in the DAO.

The protocol is a fork of ESD/DSD with a DAO following these basic economic/game theory principles:
>When DAIQ > $1, (expansion cycle, FUN PART) holders can bond their tokens in the DAO to receive rewards, thus pushing them to sell their excess and driving the price back down to $1
>When DAIQ < $1, people buy due to greed for the aforementioned rewards and potential profits since it's below its supposed valuation
>When DAIQ < $1, holders also have the possibility of willingly burning part or all of their DAIQ holdings in order to reduce the supply, increasing both demand and DAIQ's value and as a result - this is done by buying a coupon
>people can then redeem said coupons after a time period, get back their tokens with a bonus so they end up in profit

The main advantage of DAIQ compared to DSD is how you can choose the time limit of the coupons. The higher the expiration date of said coupon until DAIQ reaches the peg = lower premium, and vice-versa. It allows any risk profile to participate in the protocol to push the price where it's supposed to be.

RISKS AND WARNING SIGNS:
>anonymous team
>can be seen as a ponzi scheme
>high volume needed for the cycle to work as intended
>protocol is at all times fighting to maintain a balance between positive market volatility and burned tokens to be redeemed before the beginning of expansion cycle
>experimental token
>might never get out of its debt cycle

>> No.26883610
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26883610

For anyone wondering if they might be priced out at these prices, thinking it's already a miracle it managed to recover from the bottom, you're wrong. See:
>1.3 mil USD from the treasury in Yearn
https://twitter.com/iearnfinance/status/1351938228086042628?s=19
>Josh Rager and other e-celebs from crypto twitter are in and determined to see this back to $1
https://twitter.com/Josh_Rager/status/1353781845742280704
https://twitter.com/crypto_gambit_/status/1353811144218181633?s=28
https://twitter.com/Bullrun_Gravano/status/1353813939918925824?s=20
>AMA with infinitygains
https://twitter.com/cryptoexpert101/status/1354189104834076679?s=28
>AMA with GFcrypto INCOMING in 4 hours
https://twitter.com/GF_Cryptopicks/status/1353454997170774017?s=09

I have every reason to think DAIQ will continue to grow and I have a feeling good news will come soon. Besides, the dev team has been working hard and the protocol is subject to further improvements - coming from what the community wishes and dev team both. Dapps could implement more features in the future - the possibilities are limitless. Keep in mind that DAIQ is only 2.5 weeks old.

FUCKING GET IN ANONS, THE RISKS MIGHT BE THERE BUT THE PRICE STARTED PUMPING EVEN BEFORE THE UPCOMING AMA. I'M NOT BAITING WHEN I SAY THAT IT'S LIKELY WE WON'T STAY AT THESE PRICES FOR LONG. $1 SOON HERE WE FUCKING GO

>> No.26884067
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26884067

DON'T FUCKING DIE ON ME

>> No.26884510
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26884510

>>26884067
don't worry senpai I got your back

>> No.26884956
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26884956

>>26884510
based

Less than 30 minutes before the AMA starts. Be sure to load up before it's too late, anons.

>> No.26885568
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26885568

>>26884956
21k stacklet here with another 28k in coupons reporting in

>> No.26886171
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26886171

>>26885568
>21k
>stacklet
This is nothing to laugh at anon.

>> No.26886376

AMA is in t.me/gfcrypto btw

>> No.26886552

>>26886171
im prepared to put all my fucking rubic in here if that's what's needed to get us to a dollar

>> No.26886919
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26886919

>>26886552
KEEP YOUR RUBIC SAFE
DAIQ is DAIQ
RBC is RBC

No need to make another sacrifice when the road ahead is green

>> No.26887344
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26887344

>>26886919
Except may be: https://app.uniswap.org/#/swap?inputCurrency=0xbd2f0cd039e0bfcf88901c98c0bfac5ab27566e3&outputCurrency=0x73D9E335669462Cbdd6aa3AdaFe9efeE86a37Fe9

>> No.26888055

I'm all in $DAIQ, selling my wife's ring to buy more, lets goooo ATH 5$

>> No.26888785

>>26886171
LALATINA

>> No.26888958
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26888958

ama now

>> No.26889186
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26889186

IT'S HAPPENING (nothing will happen)

>> No.26890548
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26890548

bumpa!

>> No.26890945

so if im understanding D:\ev correctly, the fluctuation of DAIQ around peg is for speculation as well as functioning as a semi-stable store of assets yea? So I can slowly build my stack up by just participating in bond/burn activities without having to adderal daytrade with other cryptos

>> No.26891306
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26891306

>>26890945
This is more or less the idea. In theory, at least. Because for this to be actually profitable you'll need volume to fluctuate in both ways and it'll be harder to find the buy pressure than people willing to sell

>> No.26892159
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26892159

Lmao the dev just confirmed that it was a wordplay with DAI

>> No.26893209
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26893209

8k stacklet here ready for expansion

>> No.26893887
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26893887

>20000 DAIQ sold just now
DAIQ chads......................................................................

>> No.26894002
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26894002

why are we dumping

>> No.26894158

betrayal

>> No.26894678

bro's hold me

>> No.26894815

>>26894678
bro im here. we dont lose if we dont sell.

>> No.26895009
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26895009

here we go

>> No.26895192
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26895192

THAT FUCKIN CANDLE OH YEAH

>> No.26895372

"If they're still holding their hands are strong indeed ^^"

DO IT FOR HIM

>> No.26895617
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26895617

>>26895372
N.E.V.E.R S.E.L.L.I.N.G

>> No.26896108
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26896108

>We do not consider any other algorithmic stablecoin to be our competitor. We believe that at the moment, our protocol is the best iteration of algo stables, and it will only continue to get improved on in the future.

SHOTS FIRED

>> No.26896216

>>26896108
OH SHIT WERE ACTUALLY GONNA HIT PEG TODAY ARENT WE

>> No.26896267
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26896267

>>26896108
>>26896216
HERE WE FUCKIN GO

>> No.26896678
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26896678

>Shrinkquilibrium

>> No.26896937

i love this dev holy shit

>> No.26897858

boys can we pleeeease go to .80-.90 today. i havet been in profit in like a week lmao

>> No.26898007
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26898007

>>26897858
WE WILL STAY BELOW .60 AND YOU WILL LIKE IT (I won't)

>> No.26898653
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26898653

alright so the ama was great. realistically tho we're probably looking at peg mid february at the earliest though huh

>> No.26898658
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26898658

slight bump

>> No.26898765

>>26898653
NONONONO DONT TELL ME THIS I NEED TO GET INTO PROFIT SOON

>> No.26898802

wow this thread just keeps on going

>> No.26899042
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26899042

>>26898802
Not going anywhere, anon. Altough I do regret hyping people up.

ALSO WHAT THE FUCK WAS THAT NIGGER WHO SOLD 9K TOKENS

>> No.26899147

>>26898765
strong hands anon. we WILL get to peg. also don't be a retard and burn half your stack with an expiry time of 100 epochs (yet)

>> No.26899348

>>26899042
yeah wtf who sells during the ama

>> No.26899586

>>26898802
I'm here for the succubi

>> No.26899912
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26899912

>>26899348
Well the AMA is over. I assume that instead of unreasonable FOMO, it caught the attention of people who might want to hold this until the expansion phase.

I won't lie, this turned out to be quite underwhelming. It's likely they already knew about DAIQ for the most part.
>>26899586
You ask. I give.

>> No.26900587
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26900587

>>26899586
we'll deliver

>>26899912
I guess it's good for the health of the token but agreed, v disappointed.

>> No.26900813

>>26899912
AMAs are always a bit underwhelming I feel. I guess Shrinkquilibrium is gonna turn a bit more faces.

>> No.26900862

>>26899912
Ugh these images make me both happy, but also sad because they will never be real.

>> No.26901840
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26901840

>>26900813
Depends on what it entails. Hopefully it won't be something as simple as a button to cut the supply in half, decided by a DAO vote.
>>26900862
In 20 years once we make it VR technology will be thriving. There might be a VR version of succubus prison

>> No.26902143
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26902143

>> No.26903243
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26903243

anything to this do you think?

>> No.26903886

>>26903243
ah nvm, confirmed from the telegram it's about shrinkuilibrium, but nothing about when the news is actually coming out

>> No.26904287

>>26901840
Even if that were possible to do, it would probably be a bad idea

>>26903886
within now and 3 months sir

>> No.26905214
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26905214

last bump, going to sleep. see you /v/

>> No.26905385

>>26905214
godspeed op, looking forward to more daiq threads in coming days

>> No.26906263

>>26905214
Good night sir