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Let's talk about $ESD and $DSD coupons.
$DSD coupons is something to behold with two waves of expirations: epoch 721-749 and 756-767.
Up to epoch 767 there are 78m coupons to expire which represent 53m DSD with a 45% premium.
There are also 4m more coupons after epoch 767.
$DSD coupons is something to behold with two waves of expirations: epoch 721-749 and 756-767.
Up to epoch 767 there are 78m coupons to expire which represent 53m DSD with a 45% premium.
There are also 4m more coupons after epoch 767.
$ESD looks much worse as there still are only 8.4m coupons to expire negligibly reducing the supply.
However, there is also EIP-16 in the works which will make coupon principals unburnable.
This will make ESD coupons more attractive, theoretically reducing the supply greatly.
However, there is also EIP-16 in the works which will make coupon principals unburnable.
This will make ESD coupons more attractive, theoretically reducing the supply greatly.
Technically, EIP-16 could be implemented in DSD as well but I really doubt that DSD holders will vote it in as it's in their best interest to let the coupons burn decreasing the supply.
I think we will see those DSD coupons expiring because even if the whales will try to pump the price to trigger expansion, DSD holders will meet them at $1 dumping the price back to $0.8.
But it's up to the whales as it's impossible to detect how much dry powder they have left.
But it's up to the whales as it's impossible to detect how much dry powder they have left.
