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Suggestion: Possible pegging mechanism for Datasets Itheum price to USD, to counter high volatility situations.

Open fuzzyduke opened this issue 2 years ago • 0 comments

Problem statement: If a dataset is Priced at X Itheum, considering a situation with high market volatility the desired value for the dataset may not be realized. As the dataset may be sold in certain scenarios for lower prices in relation to a fiat currency - usd

Suggestion: Give the user an option to either sell with USD or USDC fiat equivalent of Itheum tokens.

Conclusion

  1. If the user sells in USD equivalent of Itheum they protect themselves from volatility.
  2. If the user sells in non-pegged fiat, this may encourage Dataset Arbitrage(needs exploration).

fuzzyduke avatar Feb 03 '23 08:02 fuzzyduke