Developer Advocates For Pi Network Community To Launch Liquidity Pool To Stablilize Pi Coin Price
The post Developer Advocates For Pi Network Community To Launch Liquidity Pool To Stablilize Pi Coin Price appeared on BitcoinEthereumNews.com.
Amid frantic calls for a masterstroke for Pi Network price stability, one developer is picking up the gauntlet to launch a decentralized solution. The plan, a community-driven liquidity pool (CDLP), has received widespread support from the Pi Network community, stoking belief for an imminent launch. Developer Urges Pi Network Community To Proceed With Community-Driven Liquidity Pool (CDLP) The pseudonymous Satoshi Nakamoto has confirmed plans to proceed with the launch of a CDLP for Pi Network. According to an X post, the developer disclosed that the launch plans come on the heels of overwhelming community support for the initiative after a poll. The CDLP, a decentralized price stabilization mechanism, involves Pi Network community members purchasing a fixed amount of Pi coins each month. Using the dollar-cost averaging (DCA) strategy, the steady purchases will create a decentralized liquidity pool with Pi coins controlled solely by investors. Nakamoto shared a poll to gauge community opinion on the initiative on X, with 69% of votes supporting the idea. Going forward, the developer plans for the CDLP are underway, a valiant attempt to prevent steep price drops. “Based on the results of the previous vote, we are officially establishing the CDLP community framework,” said Nakamoto. He adds that the next phase will be the appointment of moderators for the CDLP from the Pi network community. While details for the framework are sparse, Nakamoto notes that the CDLP’s operation will follow the core principles of stabilizing the Pi price. What Is The End Goal For The CDLP? While the primary purpose of the CDLP is to stabilize the Pi coin price from sharp drops, Nakamoto says the initiative will have a far-reaching impact. He adds that a stable Pi price will provide a conducive atmosphere for developers to thrive. Furthermore, businesses will be incentivized to accept…
Filed under: News - @ April 9, 2025 7:25 am