Users will be able to use their account and the Hive Power contained within it as collateral to gain access to loans of liquid HIVE
Fuck yeah, finally.
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Users will be able to use their account and the Hive Power contained within it as collateral to gain access to loans of liquid HIVE
Fuck yeah, finally.
It should really change how people look at their HIVE accounts and HP holdings..
This will be a huge boost to the liquidity of lots of users.
And it provides more sinks to Hive power - which is great. The more use cases for HP the better!
At one point we will consider reducing the inflation as there will be more utilities to do with HP other than farming the rewards.
Looking forward to future development.!
I'm not going to gloat and say this is the "killer app" that people have been waiting for.. But It certainly will be an interesting tool set to further our communities development. At the very least it will be a really neat way to help lenders and borrowers link up.. at the best it'll be an incredibly disruptive introduction to the ecosystem and we'll see people moving capital over into HIVE just to take advantage of this new found liquidity vector.
It may not be the killer app for most users, but it might have a bigger impact than we thought. Once the fundamentals are set, everything is easier!
I would vote for the proposal without a problem though - to which extent do you plan to opensource it? If you plan to do so anyway.
If it gets funded it'll be 100% open source. If not I'll probably hold onto the code and run it myself or license it out to recoup some development costs for a bit before leaking a base version of it publicly for people to build off of. :)
The ability to access liquidity will make for an interesting study for sure to see who stays staked and who uses the lending service to play markets or what have you.
Fair enough.
Do you have some specific date when it'll go live or you just go with a flow?
If I get funded the goal is rolling out v1.0.0 in 2 months with public aplha testing likely happening before then.
If unfunded it could take upwards of 6 months. Being a renegade freelancer is great and all but I still have to seek out paying jobs in order to be able to afford to code on this stuff. :/