From Jazzy:. About the 90 day plan. Yeah the community response to the GEM deal wasn't what I was expecting at all.
08 Dec 2022, 22:58
From Jazzy:
About the 90 day plan
Yeah the community response to the GEM deal wasn’t what I was expecting at all. I didn’t know about that one article or that so many of their investments performed poorly. I will say we definitely were concerned with the strictness of some of their terms were but we knew that going in and even a few people who complained about the deal on discord knew about some of them before we shared things publicly. It still can be useful, but definitely not in a case where the token metrics are too low and there is too much negativity from other market participants.
We’re looking at other financing options at the moment.
Yeah it’s probably time to increase the margin interest rates to get more yield from current margin positions. We should have a tweet announcing margin is back up in about two days.
Bucky and I have a chat with a potential major liquidity provider next week who may be able to help. Otherwise, we just need more organic growth.
How the admin while it is handled this up to Friedqi, I think he clarified a lot on the last call. Neither of us are attached to it.
Yeah there are definitely other funding conversations, I talk to Bucky like every day