[1/6] #DAIQ ❗️HUGE ANNOUNCEMENT❗️ We in the DAIQ team are extremely excited to inform everyone about "THE SHRINKQUILIBRIUM." This will be an unprecedented lottery, the first of its kind in the DeFi space. We are giving away in total $110 000.💰 Powered by Chainlink🔌

Keep in mind: This is only the funding proposal, not the actual migration proposal. As a result, the selling tax is going to get distributed to stableswap LPs, if the proposal is accepted.

[6/6] #DAIQ Funding Request: 100k DAIQ to be reserved for Boot Finance at present, deliverable at deployment along with expansion rewards. The proposal is live, vote here:

[5/6] #DAIQ Boot Finance's proposed system for DAIQ comprises of the following set-up: -Upgradeable Pool Gateway (sales tax collection/distribution component + TWAP Oracle) -Boot LP Pool (StableSwap) -Pool Owner Proxy (allow DAIQ DAO/multisig to control the A factor)

[4/6] #DAIQ So what does StableSwap offer? -Lower slippage. -Flatter curve over a wider range. -Slippage, when it kicks in, is still lower than Uniswap. -Adjustable curve, by the tunability of A factor.

[3/6] #DAIQ Trade the size of 1% of the pool: -Uniswap slippage would be 2%. -StableSwap slippage is less than Uniswap slippage at prices above 0.36 for A factor 2, 0.62 for A factor 10, and prices above 0.83 for A factor 100 -Slippage in comparison to Uniswap is 3x better

[2/6] #DAIQ Why? StableSwap far exceeds the capability of Uniswap AMM even at thinner liquidity levels, offering price-parity at a much wider range, and ensuring price stays closer to the peg, even as the demand for one asset grows by a large margin in a two-asset setting.

[1/6] #DAIQ Proposal #10 is here, and it involves migrating away from Uniswap to StableSwap. If you wish to understand the proposal and its importance in greater detail, read: https://t.co/YF3ewVxvrP

Welcome to the expansion cycle. Current TWAP ≈1.13 https://t.co/Vj7t6OzxVD #DAIQ

Algorithmic stablecoin @daiquilibrium is using #Chainlink VRF on mainnet to power its Shrinkquilibrium—an event aiming to return DAIQ to its peg by incentivizing users to purchase tickets in DAIQ, which gets burned, while random winners receive DAI prizes.

Congratulations, Dave!🤝

ONLY ONE MORE DAY until the giveaway of 10k DAI is over - February 6th - see the linked tweet to participate. #DAIQ https://t.co/ssXnBN7trI

Proposal #9 regarding buybacks has officially completed at Epoch 536: https://t.co/vIRpZxHPrd #DAIQ Check out our latest Twitter thread, or Telegram for more details.

[7/7] #DAIQ What will happen to the DAIQ that is bought? The DAIQ will be sent to the treasury to further incentivize improvements to the protocol.

[6/7] #DAIQ How will you know the buybacks were done? The DAIQ team always seeks to prioritize our community's needs, and we aim to be as transparent as possible. Immediately after the buybacks are completed, we will release a document with every transaction.

[5/7] How will the buybacks be initiated? In order to make the buyback as organic as possible while minimizing the risk of manipulation, the team will decide upon several random times. As a result, the buybacks can happen at any time (tomorrow, next month, or even next year).

[4/7] #DAIQ As a result, a few selected community members will initiate a buyback with their funds. They will then be refunded for the exact DAI they spent.

[3/7] #DAIQ This proposal suggests sending 400,000 yearn shares to the marketing multi-sig. Keep in mind; we are sending 400,000 just to be sure. It does not mean all of it will be used.

[2/7] #DAIQ To support long term price stability and value growth, a new proposal has been submitted. You can vote on the proposal here:

[1/7] #DAIQ Proposal #9 Buybacks We have passed and deployed eight different proposals in two weeks' time, and we have no plans to stop. Each proposal has suggested improvements to the protocol, such as an upgraded coupon system and the recent lottery-event, “Shrinkquilibrium”

Are you interested in joining in on the fun? Visit https://t.co/FK275PZnlu to turn your DAIQ into tickets! #DAIQ