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.
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.
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.
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.
Same here 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.)
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
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
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.
This time, my crystal ball worked!
Guess who sold the very best-priced VAI on Binance?
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…