Developer Proposes Community-Driven Liquidity Pool for Pi Network Stability
- A developer plans to launch a community-driven liquidity pool (CDLP) for Pi Network, aiming to stabilize the Pi coin price.
- The initiative received 69% support in a community poll on X.
- The CDLP will use a dollar-cost averaging strategy, with members purchasing fixed amounts of Pi coins monthly.
- Nakamoto announced the establishment of the CDLP framework and plans to appoint moderators from the community.
- The Pi coin price recently fell by 19% but is recovering, currently around $0.5.
The developer’s plan for a CDLP, supported by 69% of voters, seeks to stabilize Pi coin prices through regular purchases by community members. The current price is about $0.5 after a recent decline.
Source (2.6)https://coingape.com/developer-advocates-for-pi-network-community-to-launch-liquidity-pool-to-stablilize-pi-coin-price/?rand=24432