Time vaults will reside on the base layer.
Any inside info on when we might see this on the base layer and who is coding it?
I mentioned your ideas to gtg in his recent HBD interest rates post but he seemed to want to "keep it simple" on the base layer, if I understood him correctly.
There seemed to be an idea going around that HBD paying Hight Interest was causing less investment to be made into buying and holding HIVE. My thought was to add to your "longer pays better" idea with a "more HIVE POWER pays better" idea. So having less than A amount of Hive Power gets you the lowest rate of interest on your time locked HBD, then having between A and B amount of Hive Power gets you the next higher level of rate of interest on your time locked HBD, etc. for as many levels as desired.
I think this is maybe one way to incentivize the buying of HIVE and staking it as Hive Power, AND also buying and locking HBD. Not sure what others think, or how practical it is to implement. Just putting it out there!
It was said in one of the next two hard forks. No idea if they can get it in the upcoming one.
The who is likely the Blocktrades team.
As for the notion of interest on HBD versus HIVE investment, I disagree. They are two completely different asset classes. People, for the most part, do not invest in speculation assets for an APR like a fixed income asset. If there is an APR, it is from price appreciation.
You can have an APR on HIVE of 12% but if the price declines 50%, you have a loss. The same is not true fixed income products that pay an interest and return the funds at maturity.
As for the tight on the blockchain, that seems to be the general rule of thumb among those developing the blockchain code.
Streamlines base layer and the rest on sidechains.
Thanks for your informative reply, I always appreciate the interaction.
Nice to know that the Blocktrades team is likely working on getting Time Vaults in our Base layer "soon". Looking forward to that and Bonds and whatever anyone else does on Layer 2 with the new Time Vaults infrastructure.
Have a great day! :)
Also, increasing APR according to your wealth is the perfect recipe for extreme wealth inequality in a corrupt plutocracy