projects that allow you to borrow against your Atom? Similar to how Terra has anchor that allows you to borrow UST against your Luna & Etherium?
Gotcha but no project outside of that? In surprised no one is creating a 2nd option
Nice one @Jokes996 , I think this is something to explore by devs on here. Defi using Atom as an Asset would do a lot for it tokenomics and the whole IBC economy
I really think this will be possible. Others view ATOM as a highly secured token/asset. Having it burn to mint UST would be a good way for its tokenomics.
Fantastic, i was thinking so too. If there is an agreement with the Terra Devs on this possiblity. Game changer for Atom if it sails thru
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