IIP-XX: INDEX Buyback and Reinvest

[Finance]

Hi @chopper,

Great feedback and we are definitely up for a discussion. So everyone, don’t hesitate to get your questions on the forum.

This is a fair call, the market determines prices and it is the combination of all opinions. We could introduce a metric to make this less subjectivity, but the development of those metrics is also subjective.

If we dedicate a percentage of revenue to purchasing INDEX, then we purchase INDEX independent of price and this is a less optimal outcome. It makes sense to acquire INDEX when price is low and if that day never comes, use that capital productively in other ways. Whilst our Treasury is mostly INDEX, then we should reserve the right to acquire INDEX on market for when the INDEX price is relatively low.

@chopper

I doubt the ability of any person to suggest that a governance token such as $INDEX is cheap or rich. The market decides the price.

At a first glance, the below is happening via IIP-109. The INDEX liquidity issue is being addressed

@chopper

At the risk of repeating myself the $INDEX liquidity pools are useless and we need to deploy the DAO capital

In this instance, the distinction being made here is that the Wise Owls discretion is centralised. Thus, each decision should be routed via the IIP process. Is that the correct interpretation ?

@chopper

The reason why I got involved in this space was #defi which implies centralised entries stay out of way.

We are not seeking to sell stables for INDEX. We are seeking to use our assets productively and acquire INDEX via a strategy that pays for itself with time. Think Alchemix with a self repaying loan.

@chopper

To be totally honest at this stage of a bull market the last thing we need to do is swap out of Stable coin and destroy the project runway.