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It's official, $DSD is broke af
-68M $DSD debt created since entering debt cycle
-So far 2M coupons created (users exchanged their $DSD for coupons for a premium)
-35M $DSD will be available for users to claim (to sell, use or exchange for coupons)
-68M $DSD debt created since entering debt cycle
-So far 2M coupons created (users exchanged their $DSD for coupons for a premium)
-35M $DSD will be available for users to claim (to sell, use or exchange for coupons)
For $DSD holders, here are your options:
-Sell $DSD
-Use $DSD to farm @SushiSwap or @BasisDollar (soon)
-Exchange for coupons for a premium
-Sell $DSD
-Use $DSD to farm @SushiSwap or @BasisDollar (soon)
-Exchange for coupons for a premium
Coupons:
The protocol is offering 45% premium to burn $DSD in exchange for coupons
Burn 1 $DSD, receive 1.45 coupons
For ex:
Burn 10,000 $DSD
Receive 14,500 coupons
Redeem these coupons for 14,500 $DSD during expansion cycle
1 coupon = 1 $DSD (always)
The protocol is offering 45% premium to burn $DSD in exchange for coupons
Burn 1 $DSD, receive 1.45 coupons
For ex:
Burn 10,000 $DSD
Receive 14,500 coupons
Redeem these coupons for 14,500 $DSD during expansion cycle
1 coupon = 1 $DSD (always)
For non $DSD holders or those who want to maximize their opportunities:
Buy $DSD for 39cents
Burn your $DSD for 45% premium
Redeem your coupons
Let see what this looks like
Buy $DSD for 39cents
Burn your $DSD for 45% premium
Redeem your coupons
Let see what this looks like
So you buy 10,000 $DSD for 39cents
That's $3,900 fook you money
You decide to burn $DSD for 45% premium
Then you receive 14,500 coupons
*Protocol enters Expansion cycle* (DSD is = or > $1)
You redeem your coupons for 14,500 $DSD
Your 14,500 $DSD is now worth $14,500
That's $3,900 fook you money
You decide to burn $DSD for 45% premium
Then you receive 14,500 coupons
*Protocol enters Expansion cycle* (DSD is = or > $1)
You redeem your coupons for 14,500 $DSD
Your 14,500 $DSD is now worth $14,500
So you went from $3,900 fook-you-money to $14,500 I-got-two-girlfrens-now
This is the exact play I made during debt cycle. I was late in the game. But I still profited so much because $DSD is like $ESD but on steroids
This is the exact play I made during debt cycle. I was late in the game. But I still profited so much because $DSD is like $ESD but on steroids
*Coupons come with risks*
Coupons have 30 days expiration date. If not redeem within 30 days, your coupons are forever gone. Deleted.
It took about 10days for $DSD to go back to Expansion cycle (from Dec 11-Dec 22) since entering debt cycle for the first time
Coupons have 30 days expiration date. If not redeem within 30 days, your coupons are forever gone. Deleted.
It took about 10days for $DSD to go back to Expansion cycle (from Dec 11-Dec 22) since entering debt cycle for the first time
So if you exchanged for coupons today, you have until January 25th to redeem these coupons
Remember you can only redeem these coupons once the protocol is in the Expansion cycle
It means if the protocol doesn't go back to Expansion cycle (TWAP is > $1), then you're screwed
Remember you can only redeem these coupons once the protocol is in the Expansion cycle
It means if the protocol doesn't go back to Expansion cycle (TWAP is > $1), then you're screwed
Here's what $DSD has accomplished so far:
It entered Debt cycle already (10 days)
It entered Expansion cycle already (3 days)
Paid off over 6.7M coupons (was worth $15M+) in less than 24 hours
To me it seems like the protocol is working as design and as it should
It entered Debt cycle already (10 days)
It entered Expansion cycle already (3 days)
Paid off over 6.7M coupons (was worth $15M+) in less than 24 hours
To me it seems like the protocol is working as design and as it should
One thing to keep in mind, $DSD is a copypasta of $ESD with minor changes
Things move faster in $DSD than $ESD, about 4x faster
Think of hyperbolic time chamber, where you can train to get more gainz in short amount of time
Bad analogy, I know
Things move faster in $DSD than $ESD, about 4x faster
Think of hyperbolic time chamber, where you can train to get more gainz in short amount of time
Bad analogy, I know
Debt cycle is not bad, it's part of the grand design of $DSD
I think of debt cycle as a RESET button where everyone has a chance to Ape in
I was really late in the game but I profited bigly
I maximized my opportunities during debt cycle, then doubled during expansion cycle
I think of debt cycle as a RESET button where everyone has a chance to Ape in
I was really late in the game but I profited bigly
I maximized my opportunities during debt cycle, then doubled during expansion cycle
This is not FA. And yes DYOR. I'm also a student, learning about $DSD
If you want to learn more, I'd encourage you to go to
https://discord.gg/jpewZM6PY9
https://t.me/dynamicsetdollar
@dsdproject
$DSD has a great community with volunteers ready to answer your questions
Power up!
If you want to learn more, I'd encourage you to go to
https://discord.gg/jpewZM6PY9
https://t.me/dynamicsetdollar
@dsdproject
$DSD has a great community with volunteers ready to answer your questions
Power up!
