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andyharless / ngdplt_cat

Chia Asset Token for US Nominal GDP
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Peg Offers Discussion #1

Open andyharless opened 10 months ago

andyharless commented 10 months ago

Peg offers are posted on Dexie to set the official price of NGDP Coin (NGDPLT) and Inverse NGDP Coin (INGDP) in terms of Chia (XCH). Offers are posted once per quarter soon after the release of the advance GDP report. (Right now it can sometimes take a couple of days if I'm busy, but the process could be more automated in the future.) They should remain active for at least a week, during which time any accepted offers should be replaced by new ones.

andyharless commented 10 months ago

NGDP was $27,623.5 billion, per Table 3 (p. 9), line 1, column 6 of the advance GDP report, which came out Thursday at 1230Z. (That was a tad higher than my forecast from last week, mostly because I didn't take into account upward revisions in the previous report; growth rate was slightly below my assumption.) Per CoinGecko XCHUSD was $24.37 as of that time. Token price calculations are as follows:

andyharless commented 10 months ago

The peg offers are in:

https://dexie.space/offers/NGDPLT/XCH https://dexie.space/offers/XCH/NGDPLT https://dexie.space/offers/INGDP/XCH https://dexie.space/offers/XCH/INGDP

Honestly, given the move in XCHUSD since Thursday morning (since peg prices are based on when the advance GDP report came out) you should be selling at these prices if you have any NGDPLT or INGDP (which you should because you should have bought last week when they were cheap).

andyharless commented 7 months ago

2023Q4 advance estimate is in

image

andyharless commented 7 months ago

Posted to:

andyharless commented 7 months ago

NGDP was $27,938.8 billion, per Table 3 (p. 10), line 1, column 6 of the advance GDP report, which came out Thursday at 1330Z. Per CoinGecko XCHUSD was approximately $29.64 as of that time. Token price calculations are as follows:

I have done transactions on TibetSwap this morning to adjust the prices to target. Peg offers to defend these targets should be in later day. Peg offers will remain up for about a week after being posted.

andyharless commented 7 months ago

Peg offers are up: https://dexie.space/offers/NGDPLT/XCH https://dexie.space/offers/XCH/NGDPLT https://dexie.space/offers/INGDP/XCH https://dexie.space/offers/XCH/INGDP

andyharless commented 4 months ago

NGDP was $28,284.5 billion, per Table 3 (p. 9), line 1, column 6 of the advance GDP report, which came out today (Thursday 2024-04-25) at 1330Z (8:30 AM EDT). Per CoinGecko XCHUSD was approximately $30.32 as of that time. Token price calculations are as follows:

2007Q4 NGDP = $14715 billion (base) 2024Q1 NGDP = $28284.5 billion (current) Inflation factor = 1.05/yr N yrs = 16.25

$/NGDPLT = (28284.5/14715)/(1.05^16.25) = $0.8699 $/INGDP = 2-0.86833 = 1.1301 $/XCH = 30.32 XCH/NGDPLT = 0.8699/30.32= 0.02869 XCH/INGDP = 1.1301/30.32 = 0.03727

Prices on TibetSwap are close, based on transactions I did this morning. I expect to put in more orders soon to adjust prices more precisely. Peg offers to defend these targets should be up within a few days. Peg offers will remain up for about a week after being posted.

andyharless commented 4 months ago

Q1 Checklist:

Posted calculations:

andyharless commented 4 months ago

Peg offers are up: https://dexie.space/offers/NGDPLT/XCH https://dexie.space/offers/XCH/NGDPLT https://dexie.space/offers/INGDP/XCH https://dexie.space/offers/XCH/INGDP

andyharless commented 1 month ago

NGDP was $28,629.2 billion, per Table 3 (p. 9), line 1, column 6 of the advance GDP report, which came out today (Thursday 2024-07-25) at 1330Z (8:30 AM EDT). Per CoinGecko XCHUSD was approximately $18.79 as of that time. Token price calculations are as follows:

2007Q4 NGDP = $14715 billion (base) 2024Q2 NGDP = $28629.2 billion (current) Inflation factor = 1.05/yr N yrs = 16.5

$/NGDPLT = (28629.2/14715)/(1.05^16.5) = $0.8698 $/INGDP = 2-0.8698 = 1.1302 $/XCH = 18.79 XCH/NGDPLT = 0.8698/18.79= 0.04629 XCH/INGDP = 1.1302/18.79 = 0.06015

Prices on TibetSwap are close, based on transactions I did this morning. I expect to put in more orders soon to adjust prices more precisely. Peg offers to defend these targets should be up within a few days. Peg offers will remain up for about a week after being posted.

andyharless commented 1 month ago

Q1 Checklist:

Posted calculations:

Not sure I'm going to post to all of these sites any more, but I kept the old list for tracking for the moment.

andyharless commented 1 month ago

Peg offers are up: https://dexie.space/offers/NGDPLT/XCH https://dexie.space/offers/INGDP/XCH https://dexie.space/offers/XCH/NGDPLT https://dexie.space/offers/XCH/INGDP