I think we have to be very careful here. I don’t disagree the new rates sets a better safer platform going forward but it seems like a reset.
I’ve gone over and over the numbers and all scenarios and I just cant shake a few things.
The orange zone you mention has an additional 6m tokens (x2 orange zones) taking the at risk to 38.6m tokens. You run the risk of losing just under half your platform users/investors here. (dependant on larger investors)
I see it as unless you have lower than approx. 16% borrow im pretty certain you get liquidated in all scenarios from now if you use $eRSDL as collateral. That is taking into consideration where I see the liquidations dropping the price because they 100% will. The genie is out the bottle now and people will be waiting to liqudate as much as possible and sell as much as they can like crazed animals. There is a huge amount of greed that people will take advantage of here which in turn will drop the price aggressivly.
I’m pretty sure you have gone through your numbers with the team very well also.
Ive looked into variables such as uni/kucoin available buyers + available funds…additionally how easy it is to move the price on kucoin. (note uni outweights kucoin 10:1) There is only 800k worth of $eRSDL token buyers currently down to a price lower than $0.005. (Basically if your model is not right…this could be trouble for a large amount of platform users).
I havent ignored that there will be people wanting to buy at lower prices and bots doing there thing in my calculations so im sure the token price will not go that low.
Where do I see the price going in the short term? I wouldn’t rule out $0.03 The reason I mention this is because we need to keep as many holders as you can but the liquidations this may cause through further token price drop may be under calculated.
This is by no means a dig and additionally I am definitely not trying to tell you how to do your job I just putting overs some opposing views that may help a few platform users & keep them invested. I’m aware this is going to be a rough ride in the short term.
I just worry there is a sour taste from a lot of people who got sucked in to the SSS not understanding the messages that were put out about the apy’s and now people enjoying the platform as it was presented now and being forced into liquidation. It may look to some people like 2/2 a thumbs down for product releases.
- Is it a given that you will lower collateral to 40% no matter what?
- What is the plan going forward if worst comes to worst and you loose half your holders?
- Do you have a contingency plan for releasing news to counteract the short term drop from liquidations? <- Important
- I don't no if this is even allowed by you and the team yet but to put out more news of potential clients you are in talks with or just some subtle messages to keep some positivity.
- Do you have anything that can make it look like your looking after investors?
I’m really sorry about this long message and I could just waffle on for ages but I keep coming back to the 5 keys you mentioned.
Safety - With the CF change was the platform safely presented?
Courtesy - For the people who have supported and grown with the project and used the platform as advertised originally to make there calculated risk decision…40% CF is forcing liquidations
There is positives with the safety and courtesy that you have done obviously. Just some opposite views