VAI money printer go brrrrrrrrr on acceptance of remove minting fees proposal

Continuing the discussion from Proposal 3: Venus multi token economic proposal XVS, VRT, VAI, NFT (Marcus from community):

As predicted waiving the minting fees has resulted in a collapse of the VAI token. looks like it is on it’s way to $2 a coin.

Maker Dao has a stability fee of 1% we had 0.1% and that helped but wasn’t enough, now that has been removed unsurprisingly we’ve had a load of VAI being minted for free and dumped on the market.

Must be clear: stability fee is very different with the mint fee.

It’s impossible to peg VAI to 1$ in this mode.No reason for people to mint VAI and hold.

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Making new lows short term target is $.70