DIEM Tokenomics Update
DIEM is a stabletoken that gives its holder the same $ amount of private inference every day, forever1.
Today, you can buy or sell $105 of $DIEM to access $0.10 of inference per day. If you don't use that inference, it disappears like rainwater in a river. The current market price represents a breakeven of ~34.5 months (almost 3 years) on risk capital. Your token holding doesn't get depleted.
You have to jump through crypto hoops to get at the forever-inference. All the actions you have to do broadly make sense, and seem just complicated enough and not too complicated for what they accomplish. It looks like standard brypto mumbo-jumbo, and at any time there's risk they could change what your tokens deliver.
You might be better off buying $VVV, staking it, and minting $DIEM.
This will prove to be the better path if more people do this after you.
Or, doing it this way (stake + mint) might turn out to have been a horrible mistake, if people earlier than you unwind their positions after you enter.
In standard crypto wallets, this method shows up as a free-money glitch. After minting, you get access to something of value, without you having to spend any money2. This is a "feature" of crypto.
As an exercise, one might calculate an IRR for putting up capital upfront, and receiving private inference each day.
If you do this every day for the next 5 years, you get a pretty decent return, which appears better than many other investments on offer in the market.
If you do this for 10 years, it's even better! Inference is offered forever!
One might back-solve for the time period the market expects this inference to continue to be served, that makes the IRR equal to the risk-free rate. If this time period feels too short, this is a good investment; if this time period feels too long, this is a bad investment.