The dex is struggling to get going and I think we need to create maybe $50,000 BITUSD and 100 BITBTC using reserve funds as collateral and sell it in to the market at feed price
with the proceeds of the sale going back into the reserve funds.
Although I would like to create bitBTC into existence myself I'm not currently confident I'll be able to buy back the bitBTC at a reasonable price in the future to close my collateral position. I've bought 5 BITBTC at a huge premium (+30%) and I'm unlikely to sell anytime soon. Meaning those who wish to exit their collateral positions will be unable to as I'm not selling and I hold 10% of total supply.
Smartcoin creators need to be bolstered by a supply of smartcoin liquidity and this should come from the reserve pool.
does anyone know if the reserve pool has an actual account?