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RE: Higher Interest Rate on HBD + DEFI swap pool

in LeoFinance3 years ago

As @notak pointed out, the diesel liquidity pool is available and is already a decentralized "on chain" solution. It is built directly on top of the hive engine, being as close to a uniswap like liquidity pool offered on hive currently.

I don't think that the inflationary component of Hive should reward liquidity pools directly, as that really isn't the primary purpose or goal of the hive ecosystem. Unlike say balancer, which was primarily created as an AMM protocol, Hive was designed to be a social media/content/community/gaming platform. Not that one can't exploit the hive blockchain for use as a defi platform in addition to its primary goals, but inflationary components in my opinion should reward the primary goals of the ecosystem. Right now, that includes rewarding those who secure the protocol (hive witnesses) and those who engage in its primary purpose, decentralized social communities.

If Hive was to offer some sort of liquidity rewards, I would say that it should be in addition to the inflationary component, such as through a governance proposal. Anyone is able to open a proposal, if say @smooth or yourself would want to put this idea and see if the community agrees with the development of such a pool with inflationary rewards or otherwise.

You did bring up a lot of good ideas though and kudos on putting it for to the community. Cheers and enjoy a !BEER . My newer witness could also use some votes as well, if you have any witness votes left! I also use my node to help develop future improvements for the hive ecosystem. If you are willing, you can vote here and it would be greatly appreciated: https://vote.hive.uno/@sicarius

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The point is IMO, we pay now 3% for holding HBD and increase it to 7%. That's cool because it makes HBD more stable because of the natural demand for them.

IMO to increase the benefit for the community is to add a liquidity pool onchain that uses these rewards for it. Even increase it a little bit.

It would remove Hive from the market and convert it into HBD. Another use-case that supports higher prices.

Also, this liquidity reserve that comes up here, supports larger buyers and Investors. Liquidity is the Killer tool for every Asset.