Nice ideas,
But what happens if Mexico’s financial system or the peso crashes? Like, how would you handle that kind of situation?
But what happens if Mexico’s financial system or the peso crashes? Like, how would you handle that kind of situation?
Well that is a good question, let me explain some possible scenarios for this... obviously any economy may vary over time there is no doubt on that.
First I need to said this again if it wasn't clear enough, I am going to have a Liquidity reserve on bitcoin and USDT
How is the liquidity reserved secured and can I track it?
Addresses for the liquidity reserve are public, those are part of cold walled
bc1qfundusdtyas3h97m8w82ejtxsmwcgjxg4mj45h
0x102bbd20d9dc83a5f892c33f7bc7db7249ed6027
Addresses for the liquidity reserve are public, those are part of cold walled
bc1qfundusdtyas3h97m8w82ejtxsmwcgjxg4mj45h
0x102bbd20d9dc83a5f892c33f7bc7db7249ed6027
Those address MUST cover all the other users balance + accrued interest.
In the worst case (a bankruptcy of the economy of my country):
I am going to paid with the reserve liquidity addresses and close the fund...
Small variations
In case of small variations I would like to determine if those variations can be covered by the profit of the fund, in that case such variations don't matter.
There is should be a case where those variations should be on my favor in that case i would like to take any extra profit just to keep the fund working.
Big variations
In case there are some important variations i am going to pay interest from the reserve addresses.
To mitigate this i am going to buy USDT periodically just to keep the address with enough balance you can check it there:
0x102bbd20d9dc83a5f892c33f7bc7db7249ed6027
This Dollar-Cost averaging will Reduces the impact of market volatility and Simplifies my decision-making