"Pump100k"
Daily allocate RF funding to a 16of30 multisig controlled by the top 30 proxies
Accumulate bts in the account, at 00:00UTC every 1st of the month, create bitCNY will a call price of 0.1CNY and spend the CNY buying up the ask orderbook such that all bitCNY is spent
If the bts:CNY price and bts:CNY orderbook were constant, 191k bitCNY would be created and the announced&predictable pump would push the price on the DEX 14% higher.
Given that the market will know to expect the Pump100k buy every month, watch traders run up the price at the end of every month to front-run the pump and sell into it. How much higher the price would move up in anticipation of the 00:00 1st of the month buy would increase it's impact
After 1 year of such a WP being in operation there'd be a 36.5Mil bts collateral position with a call price of 0.1.
Theoritcally permmissable?