I like it because liquid funds should have some reason to be here.
HBD Interest rates mean on the other side, holding a liquid hive to buy some "cheap" HBD is always a good thing, and vise versa.
Good use case. I would say 8% would be even better IMO :)
@smooth Some question,
How much work would it be to add a liquid pool for Hive/HBD onchain for swaps? In addition to the onchain marketplace.
Because it would be better IMO to pay the 8% for stacking there. Because it would make Hive overall more liquid. It could be in this case also 10%.
And more liquidity is a key factor for higher prices :)
This could be the best and most decentralized defi protocol ( without transaction fees) out there in crypto.
I think the answer most would give to adding this sort of higher level functionality would be to wait to build it with level two smart contracts, which I perceive to be on an informal roadmap after modular hivemind.
It's certainly doable as part of layer one, but apart from development I would see getting consensus as being a barrier.
Layer 2 would not be able to get % out of inflation right?
Do you think the consensus would be really a barrier? I think if a liquidity pool hits some millions in value locked, everyone that hold hive benefits out of it. Investors that don't want to play the curation game, but like have an option to invest.
Also, it would be the most decentralized defi stable coin pool out there :) Witn nice returns :D
What would you expect how many Witnesses are against it?
I think "layer 2" is a bit of a misnomer, or a false dichotomy. There will likely be some small degree of layer 1 functionality that is part of the "layer 2" smart contracts. For example, account balances that are controllable by a contract. So inflation could pay to one of those accounts. This is worth bringing up when the framework is being defined later.
Hmmmm sounds good.
Any Info on a Timeframe? And besides the fact it is super cool to have at some point smart contracts on Hive, would it be not much secure to have the stable coin defi on layer 1?
I only ask because it would be sound so good for marketing.
HBD the ultimate stable coin :)
I don't know about timeframe.
In terms of security, there is always a tradeoff. Layer 1 is pretty secure in practice in large part because the functionality is relatively simple and relatively static. That has obvious limitations. The security and stability issues we've had have involved portions of the code and changes that aren't simple or static. So I would actually claim we're already building too much bespoke functionality into layer 1, but it is certainly debatable.
I'm not deep enough in the space. But if we could have a liquidity pool on layer1. It would need also a consensus to remove or change something.
Special in defi I think this would put hive in a unicorn position for stable coins. Special for larger amounts of $.
Security would be something that market really well for hive.
Edit: Thanks for the long answer. I only saw the first part of your comment.
Now I see all :D
On the Top 20, I would expect many would like it :)