If we feel the need to diversify into assets with less upside (DOT), I would rather do it at market price via DCA or OTC than give away precious HDX at a discount.

Alternatively, set a ceiling and wait for whales to break it. Once the ceiling starts getting thin, people get excited and FOMO.

Selling HDX now (and at a discount) is betting that HDX appreciates in value slower than DOT. Does anyone believe this?

Am I missing something? Is there an important vote coming up that we need DOT for? Why not distribute the HDX more fairly over a longer time period?

Additionally, these bond sales:

disincentivise governance by encouraging opportunists to keep HDX sellable before any bond sale.
are going to benefit a small privileged segment of people who are mostly already HDX enthusiasts/team/council. These will be people who are free to track prices during the 36 hour window or who have a bot to do it for them. These people are not actually doing much to contribute to the protocol but are being rewarded anyway.

Edited

Up 1