The solution to re-peg Vai is coming

It will come back, just a matter of time, wish they would hurry up with the stability fee, even an announcement that it is coming would probably go a long way to restoring the peg.

Really not much liquidity in the market since the mint has been frozen. Buy the Dip and keep dollar cost averaging will be a nice 15-20% profit once this thing is over. Probably another month or two.

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Let’s hope so …

But the XVS Vault and VAI Vault will come together? Or XVS Vault will be launched first ?

Thanks

I suspect we will find out in the next weekly update which Danny has been holding back on.

“Peckshield has scheduled the audit of the Vault to start on November 2nd”

Sounds like the code has been completed and they are starting to work on the front end.

I’m impressed how wise you are. I did bet on a 1.10 ratio max, bought at 1.084 as a safety margin, and then observed it reach 1.20, the number you predicted. You worth your gains bro.

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The Dino dApp is getting creepy…
Their token is worth 20 cents, the yields are sub-par, the daily BNB rewards are so lame they stopped publishing them, the Shrimp NFT is worth 3 bucks…

And the last nail in the coffin to date is the support of SQUID, which is known to be a blatant scam.

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They really have a BND/Squid LP Token…Thats 100 red flags. I couldn’t believe my eyes.

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Very creepy I have to agree, I thought that SQUID token had gone to 0. Looks like a fair amount of volume is still being traded.

Reminds me of when bitcoin.com listed HEX on their exchange (sorry hex fans) Shady website lists shady trading pair.

Yeah I dont trust that site. I looked at it but I dont like it. However I LOVE Mars Protocol. Its been a great investment.

Oops I mean Mars Ecosystem. They are different

You opened a post about them and I answered it looked scam-ish to me, I admit I see every platform with a lower profile than Venus as the next Meerkat. It makes me lose tons of opportunities, but also avoid scams. Again: not getting rich, just richer.

But so far they are still alive, didn’t rug-pull. Good APR but no VAI pair, sadly.

Dino does look like one to be farmed and dumped.

We’re talking about his topic: Check out Mars Ecosystem

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@Fat : yet another wise prediction, it just happened. I could buy some at 1.20

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Same here :clinking_glasses: 1.20 looks like it is good resistance but I don’t think it will survive a 4th attempt and will be looking at the next level if it breaks. 1.23 seems like a good round number. Then 1.28. (Bloody ridiculous but here we are.)

but who is selling? can’t understand

the supply is decreasing every day and Vai still losing value… cant understand who keeps selling and for what reason do they sell since they know that stability fee will arrive soon

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im just holding vai and also swapping the xvs rewards to vai …
let’s do all the same :rofl:

Neither, unless they simply sell whatever looks like a stablecoin to buy some To-the-moon coins. And that may not be that bad bargain if they cash-in a quick gain higher than the current VAI discount ~17%

Ditto, I exchange every gain with VAI, at spot rate, I considered previously 1.10 as super good, so obviously I’m ready to sell @ 1.17

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I would like to know as well.

Some to the moon boys are probably smashing the sell button, and you have a bit of market making holding the price within a range. Probably a lack of market confidence in the project, 2 months since the freeze mint and still no stability fee, (would have thought this would be fairly quick considering it is a mostly copy and paste job from DAI)

Still no vault and 16 days since the last weekly update.

Let’s hope we get this fixed before Christmas,

Great idea!!

The madness continues…

This is what happens when someone tries to get 1m Vai, then it drifts back down on no volume, very weird indeed.

And we still have 125m more to be returned.

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This time, my crystal ball worked!
Guess who sold the very best-priced VAI on Binance? :money_mouth_face:

Pair      Type     Side   Price  Amount  Filled
BUSD/VAI  Limit    Buy    1.001  xxxxxx  73.12%

Your graph from the blockchain shows it went far higher there, but I was’nt arb’ing this time, I just stacked and converted XVS to VAI as @emartorell suggested.
Now the price is 1.136, I’m wondering if I rebuy to cash-in the spread or just quit VAI…