CFP-2211-07: Bring DFI to the next level (375 000 DFI) #229
Comments
Graciaho
changed the title
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Eventuell i do not get the point of your proposal but if I understand correct, you ask for a buch of money to " gamble" on CEX for a profit? |
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Thank you for the comment. We don't know where in the proposal you got the impression of a gamble, maybe you can explain your assumption in detail, but it is definitely not. We are working with limit orders in a fixed price range. So there are just two options, the order gets triggered and there usually is a small profit (over fees), yes. That is what we tried to reflect transparent in the proposal and give back to the community. The second option is that the order isn't triggered and basically nothing happens. So there is no asset risk at all, therefore no gamble. The point/benefit of our proposal is described under section "How does this CFP benefit the DFI community?". But we are happy to answer all your questions in our planned AMA next week. Looking forward to see you there. |
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signmessage 8cXKhwn5q8N97X4RAbnxUgZ2duY6zYs7Wh "CFP-2211-07-no" |
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signmessage 8LFHgHz2QmtJpe3bchv6YtX4rybD8473zQ CFP-2211-07-yes |
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You have my 5 votes(!), so I'm sorry for the stupid question, but this is to the whole community: why does nobody ever include Bitrue when we talk about the exchanges that host DFI? They've been hosting it from the beginning and nobody ever gives them credit. |
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@vorpalmusic Thank you so much, that is highly appreciated! We totally agree with you, we learned that Bitrue is a very reliable exchange with an awesome support and nice people. We actually already onboarded Bitrue with our solution on a small scale (you can see the 800 DFI orders in the orderbook). The plan is to bring all exchanges "to the next level" step by step. We wanted to start with the three bigger exchanges and if everything goes well, to extend to other exchanges. Of course if the community wants that too! Cheers to you |
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$ defi-cli signmessage 8MXn7LR75PA8dFny44d1aJHU41LudvA5YP CFP-2211-07-neutral |
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signmessage 8RJM58PhPWKy8ufcbHwtxHLrByEyCM5Pey "CFP-2211-07-yes" |
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signmessage 8XJgucSumRC6mkqhrNK8h14kVCkkV1Wfma "CFP-2211-07-yes" |
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signmessage 8VKs5jqADhwRTHVXsf8hhMmJm5r8FpWF7h cfp-2211-07-yes |
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$ defi-cli signmessage 8MgBqWQEC65oL1apnGiAUPZweZ7Sxh6fwj "cfp-2211-07-yes" |
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$ defi-cli signmessage 8YD75rAQuNNJupSWHGfnJdHCGmqFKVcejS "cfp-2211-07-neutral" |
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$ defi-cli signmessage 8e6ERdDk1eCmpJfvJXQsAHVG62k8YJcmH4 "cfp-2211-07-yes" |
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$ defi-cli signmessage 8ReRcJjhJY61Y6tHYfQhkUk6CSyVTq18Z3 "cfp-2211-07-neutral" |
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$ defi-cli signmessage 8JULybfNANdJfgaxbhpwGPzHsb2q6rN2xU "cfp-2211-07-yes" |
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signmessage 8HFTrPEzS3FEeR6HHCB9iiGf68NLXFwPrS "cfp-2211-07-yes" |
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signmessage 8bTcuVA2TTtA1dUsmXW5Xs1PfeEcqbMYeW "cfp-2211-07-neutral" |
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$ defi-cli signmessage 8FRiNcUVud7B8Kw7nmnZ3jp3Pw7wQ4AQAy "cfp-2211-07-yes" |
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$ defi-cli signmessage 8RKgsRnAGBcmwouuFdSjMFitDNLH5qegY2 "cfp-2211-07-yes" |
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$ defi-cli signmessage 8WYgBxs8bXQkbiXKnZCe8utjDvuceaDGY1 "cfp-2211-07-yes" |
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$ defi-cli signmessage 8Fgtktf4Y2DNYin6ZCAUreUu8kGGm8VsRy "cfp-2211-07-no" |
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$ defi-cli signmessage 8ccminZPSFox6bRseAgdqLccKvLs2aGHtr "CFP-2211-07-yes" |
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$ defi-cli signmessage 8bxanazYLFqXz97MgTgr99cqbxBwTVmxnM "cfp-2211-07-yes" |
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@DeFiChainLover Thank you for the comment and your vote. Even if it is not in our favor for now. For clarification, the CFP and the funds are not used for any funding of the company. It will be used as working capital and we will put in the same amount in BTC and USDT from our balance and with our own risk. Not one single DFI will be sold! If you have further questions, feel free to contact us in telegram, reddit or here. |
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$ defi-cli signmessage 8Xoypn2whNw6ATknayiHXyTurRMkR9AF58 "cfp-2211-07-no" |
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$ defi-cli signmessage 8bKhKFFn5H2c5C9B7ckspfmwsuG47RRPnL "cfp-2211-07-yes" |
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signmessage 8aixj7G6PEE5yLojJNZYYigR95xfBMd954 "cfp-2211-07-yes" |
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signmessage 8cbErY9UJiPTReT1gvdtxeGTDNqasUnZqF "cfp-2211-07-yes" |
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$ defi-cli signmessage 8FzCNgP2FFXvrSdgUqBH2u3N2vPZjMBzK8 "cfp-2211-07-yes" |
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$ defi-cli signmessage 8Tqxinn2c2i7cMYHPjvxAjWxweD28d3Lz5 "cfp-2211-07-yes" |
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$ defi-cli signmessage 8bBeQHeeUxvqY3k5RYR7x4eceeW9nUXjeq "cfp-2211-07-yes" |
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$ defi-cli signmessage 8NyFdixYW5TrSSjENmWT1hTcH7rdNmKWvC "cfp-2211-07-yes" |
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$ defi-cli signmessage 8Jv2n6XkEsVxQnoA9yS9nsRMLmP69Kpbec "cfp-2211-07-yes" |
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defi-cli signmessage "8bPt28EHM1Tabbkd1ZMmNydXVty8wofCXA" "cfp-2211-07-yes" |
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defi-cli signmessage 8JH1oqEbY6fiP614Z4wJ41YNtXKzVdEwLH "CFP-2211-07-yes" |
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$ defi-cli signmessage 8Mi2HCxKV2onjkWwXV1sASxynHP5SRdRrA "cfp-2211-07-no" |
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$ defi-cli signmessage 8GoBZyUjQdZZjWaUms1TxmSx8D8vydW5Up "cfp-2211-07-yes" |
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$ defi-cli signmessage 8RGyUGfGY6aZpYZy8fYFA5s3Q5AeAk6BQ1 "cfp-2211-07-yes" |
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signmessage 8X9mSBVoeFfsk7XyAJmYCGu4SgrQzMj7Ud "cfp-2211-07-yes" |
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signmessage 8ZazLdqc7T5au7jgUDhj2YYP2BKzEzcWNL "CFP-2211-07-yes" |
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$ defi-cli signmessage 8dK9Se1fAmQxNUnxu9CwE4gDHNe2813oEX "cfp-2211-07-yes" |
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$ defi-cli signmessage 8TZkvfzssMJh5LQFqeAdnveS6aZ92RRLJ3 "cfp-2211-07-yes" |
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Votes of the DFX Community Individual votes can be viewed transparently here: Votes: |
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$ defi-cli signmessage 8armyAkvqjggi3Gtyy9N9S3BugpEV9QihP "cfp-2211-07-yes" |
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$ defi-cli signmessage 8dmZYAZQPTzCQtXhxps9go1zFTw9iSBtyA "cfp-2211-07-yes" |
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$ defi-cli signmessage 8Qy6nhf1HxXakfFyGPuZSh8crum24pQ7ux "cfp-2211-07-yes" |
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CFP payments have been processed. Please refer to #222 (comment) for detailed info and hashes. Thanks! |
and others
Overview
Describe your proposal
With this proposal we are aiming to improve the trading experience of DFI and to bring DFI to the next level on the road to #50.
It is with the above that it is proposed that:
How this would help with the above issues:
How does this CFP benefit the DFI community?
With the approval of this proposal, DFI community could benefit from:
It is important to understand that the profits which are possible here arise anyway, regardless of whether this CFP is approved or not! We can work together to ensure that they do not leave the ecosystem and deliver a benefit to us all. The amount of the expected profits can vary greatly and can only be determined after the initiation of the measures.
How does this work?
We will use the 375.000 DFI as working capital for the additional Liquidity, Make-it pro will add the similar amount of USDT and BTC out of their own funds to bring a Buy Side. This will ensure that no DFI of any kind need to be sold from this CFP.
We have been running a self-paid test of this solution over the last few months and now want to take the next step. For this we need the above mentioned amount of DFI as working capital. We can always add more exchanges if needed or further increase the amount of liquidity.
Proof of Addresses: https://defiscan.live/address/dUhbTwhGNLKZLNxTFD8HFAEohWi7hvD7dd
https://defiscan.live/address/dXqV51odFgQF4DBAZ4TMH1bhFDwejnyZGn
A part of the profits (30%) will flow regularly and transparently to an address, which we assign to the D-Fund. As described, these profits will accrue in USD/USDT and BTC. We will manage the profits according to the greatest need within the ecosystem. In the current situation we will buy DUSD and additionally trade D-Stocks. More about this in the description of the D-Fund.
Why 30% of the profits?
For various reasons, we can not take this work on the Private Balance. This means we need to work as a company. Which has the consequence, 25% Taxes as well as employee and accounting costs, furthermore we carry on the brought in USD and BTC (which must always be the equivalent amount of the DFI from this CFP) the complete risk in case of loss (e.g. exchange default risk).
We will post the Discord link 30 min prior to the AMA Start in the comment section and on reddit
Non-obligation
I understand that vote of confidence for CFP carries no obligations by any developers to implement the proposals. DeFiChain is a community projects. Pull requests can be submitted by community and reserved to be evaluated for safety and general community acceptance.
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