Rather than getting TVL down to better align with TVB,

Question

Rather than getting TVL down to better align with TVB,

it would be nice to see the discussion shift to how can we get TVB to better keep up with TVL (i.e. how to get price of REN up). Loong mentioned some new economics in the works recently, I think we are in need. Take a look at LUNA tokenomics. LUNA is literally programmed to go up as more UST is demanded by the market. Lots of brilliant people in here, I think our tokenomics needs an overhaul. Why not make REN the currency that backs our own algorithmic renUSD stablecoin. For every $1 renUSD minted, RenVM takes $1 of REN as seignorage -> pays to Darknodes. We are in a better position to have a universally interoperable algorithmic stablecoin than Terra, no? I thought the simplicity of the REN tokenomics sounded brillaint a couple years ago, but I no longer feel this way. The game has changed. RenVM as a technology should be worth billions. The REN token needs to be reprogrammed to reflect this.

#cryptocurrency #english #ren

0

18.09.2021

4 ответов

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MrC

Very interesting. Instead of minting renBTC when depositing btc, one could choose to mint renUSD (backed by btc collateral custodied on renvm). This kind of use case would also work for continuous fee (ie. Borrow rate)

0

18.09.2021

Pablo

very interesting

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18.09.2021

Body Mulah 🇿🇦

if you want to capitalise on the tokenomics of LUNA it is best to buy LUNA. REN does bridging. Not algo stables. or lending markets. REN tokenomics/safety cannot rely on subsidy from other use cases. Focus is important! Mixing everything just adds a ton of new attack vectors. darknodes already give a decent ROI without the need of ponzinomics. i am not aware of any other protocol that achieved that.

0

18.09.2021

Markus · Accepted Answer

Markus

The current discussion is NOT about tvl/tvb

0

18.09.2021

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Rather than getting TVL down to better align with TVB,

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