Back to collectionThree Ways to Place 20 Million Redeemed Tokens
A community proposal suggested using tokens redeemed at the end of August for an official pool on another chain, and the foundation was weighing its options. For the 20 million redeemed tokens, A-Zhen put three tables on the wall: offer them on one side above the current price; first exchange a small portion for stablecoins to quote on both sides; or build a small two-sided core and place the remainder above the market on one side. The one-sided option used fewer stablecoins but could look like a line of sell orders waiting above the market.
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A community proposal suggested using tokens redeemed at the end of August for an official pool on another chain, and the foundation was weighing its options. A-Zhen was laying out the choices; the Night Watchman wanted to understand how each might affect quotes and selling pressure.
For the 20 million redeemed tokens, A-Zhen put three tables on the wall: offer them on one side above the current price; first exchange a small portion for stablecoins to quote on both sides; or build a small two-sided core and place the remainder above the market on one side. The Night Watchman flattened a curling corner and circled the cost column. XAI showed $0.007254 on the screen. None of the three tables had been signed.
The one-sided option used fewer stablecoins but could look like a line of sell orders waiting above the market. Two-sided quotes would serve trading near the current price but required stablecoins first. The mixed approach still involved a trade-off. A-Zhen planned to check the costs again before the foundation decided.