The idea of a 25% tax on unrealized gains is a controversial topic that raises significant concerns. Taxing unrealized gains—where investors are required to pay taxes on the increased value of their investments, even if they haven't sold them—could lead to serious economic consequences. For one, investors might feel forced to sell off assets just to cover the tax liability, which could spark a wave of market sell-offs and create volatility. Moreover, if the market value of those assets later drops, people would have paid taxes on gains that have evaporated. This could lead to liquidity crises and impact long-term investment behavior, especially for small and medium investors. It’s hard to predict if this policy would lead to something as catastrophic as the Great Depression, but it would certainly shake market confidence and could have widespread repercussions.
Regarding DODO, it's great to see innovations like its PMM algorithm that enhance capital efficiency and reduce impermanent loss risks in decentralized finance. This offers traders and liquidity providers a more balanced and competitive environment. The cross-chain functionality with DODO X and unique tools like token creation and crowdpooling also seem promising for expanding DeFi adoption and improving accessibility across networks.