Sif's Day Aug 18. DAO Updates.
19 Aug 2022, 03:14
💫Sif's Day Aug 18 ✨
DAO Updates
After a passionate conversation, the DAO has drafted a process for validator delegations from the community pool, join the discussion:
DEX Updates
At the token listing council’s request, the reference pair has been shifted from USDT to USDC.
The purpose of this move is to improve the trading experience for arbitrageurs and traders on the DEX, because bots and arbitrageurs often trade against the “reference pair”, making the associated stablecoin more likely to maintain or return to its peg. Because USDC has more pool depth than USDT, changing the reference pair gives arbitrageurs of other assets more liquidity to swap against, and USDC will have a higher probability of maintaining peg after swaps are made.