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RE: Wrapped HIVE is live on ETH, BSC and BASE!

in #hivelast month (edited)

I plan on exploring whether or not the DAO would like to seed an HBD pool as well, but honestly with 15% APR for simply holding a token it's going to be hard for any liquidity pools to compete with that

Just an idea. The DAO can send HBD to the "bridge account" and 80% of those HBD can be staked right away to generate the 15% APR. The bridge account can re-distribute those rewards back to the DAO. 20% of the total are liquid to be able to fulfill day to day withdraws from the bridge by normal users. Any withdraw from the bridge exceeding the liquid HBD will have to wait 3 days (not optimal but not too bad).

Of course this can be generalized to deposits from all accounts so everyone can bridge to Base to provide liquidity and at the same time get a reasonable APR from the bridge.

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That's not a bad idea if there's enough liquidity to do it.