First Zero DLLR Risk meeting tonight!

[yago]

Thanks David.

I have shared a similar analysis and come to a similar conclusion here:

Driving DLLR Demand - Part 1

To help us think rationally about our DLLR strategy, SOV rewards and staking and SOV pricing, I have been working on some analysis and modeling. The work ended up being quite extensive, so I am publishing my current results in a few parts. While this is just a model, i think it is pretty packed with interesting tidbits and the results surprised me. TLDR - quoting from the summary: For me the biggest takeaway is that we have significant leverage to use SOV wisely to provide DLLR demand. Indeed…

My argument is that we need to get the SP rewards in to open the floodgates - which is also what you seem to be implying.

As to the idea Exchequer hold a LoC, I have two questions:

1. Is that not just kicking the can, since Exchequer will need to buy BTC with DLLR. So what have we accomplished?
2. If that is not the case, from where will Exchequer have the funds required?

Thanks.