Smart Investments and smart contracts, I like those names and will use them.
I would like your analysis of this project suggestion.
I would like to incentivize people to invest in easydefi by changing the program.
The program would allow investors to buy tokens on hive-engine which can be redeemed at a certain rate at a time.
For example you buy 300 easydefi tokens for 250 LEO tokens.
And in exchange for your 250 Leo tokens and you are allowed to sell 6 Defi tokens per week for 6 Leo.
This means that at the end of 50 weeks you will have sold all 300 defi tokens and earned 300 Leo tokens in exchange for your 250 Leo investment.
I pay investors 20% APR over time, and it is permissionless to a point, in that the investors don't have to wait for me to send them Leo, they just sell the DeFi tokens every week to get their Leo earnings.
Now, I know there will be those tempted to sell back more then six tokens each week, but I will reward those who don't do this 3.0 Leo upvotes for comments with screen shots documenting their Hive Engine token sales of 6 defi tokens and screen shots of their balance remaining. This 3.0 Leo upvote will give 1.5 Leo per week or 75 extra tokens per year and doubling their yearly return to over 40%.
I think this is a win-win.
What do you think?
Thanks
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It depends but I don't think you can put a limit on how many tokens people can withdraw. It would require a website and even then, I think the best alternative is to pay out in a token that can be converted into Hive. I think changing it to LEO could be quite annoying. However, I don't think it's a bad idea. You just need to hash out more details on how it's implemented first.
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Thats helpful because I also thought of just selling the token for HBD. This would mean changing liquidity pools, which I don't mind, to HBD-BUSD.
This pool would safer in terms of risk to capitol, and provide a better return then HBD in the HIve wallet savings account.
The rewards could be easy changed to Hive or HBD.
Perhaps providing rewards in stablecoin HBD is the better way to go, people can use that to buy things on Hive or convert it to the fiat of their choice.
Supplying Leo rewards upvotes on top of HBD rewards might be the cherry on top?
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It could work but I would think through about how to provide that value. If you are giving those upvotes to people who give like zero value in their content (as in same copy paste or like 50 word posts), I think other people will probably start to hit back against it. So there needs to be standards put down on how you would distribute things and I think Hive/HBD is the solution for most people. If people want anything outside of Hive/HBD, they just need to swap it over afterwards and most pools have a Hive or HBD trading pair.
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