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LeitonDuc-

Hey guys, lately im seeing several defi protocols that are

starting to require holding or staking the protocol token as a percentage of the total investment in order to use the platform. For example if you have 1000 busd on mint you must 50 usd worth of kava in staking or holding. The same for Hard, if you supplied the minted usdx on Lend, you must hold 50 usd Hard. Wouldn't be a good idea to implement on kava platform either?

#blockchain #cryptocurrency #english #kava
0

6 ответов

21 просмотр
CryptoDaz-(Darren)

This is exactly what I have suggested in the past and feel it is an excellent idea to increase demand for the token. The same could be applied for Hard and SWP

0
09.02.2022
LeitonDuc- Автор вопроса
CryptoDaz (Darren)
This is exactly what I have suggested in the past ...

Exactly, otherwise the only value in increase the TVL would be to increase the amount of tx and total tx fees collected by kava network

0
09.02.2022
Dam-

it is a great idea and tool to incentivize the usage of tokens like hard and swap...

0
09.02.2022
J-

I believe this actually drives TVL of the ecosystem down. I don’t want to own HARD. I won’t buy it because it gave access to the LEND platform either. Many like me would just leave. The 12 month lockup is supposed to already be acting as the sell pressure counterweight. Doubling down on this type of forced behavior is too much. Many like me, it would be the last straw, and be done with it.

0
10.02.2022
Mike-
J
I believe this actually drives TVL of the ecosyste...

I think it should be more of an optional incentive driver, like if you own the tokens you might get slightly increased APY or reduced lockup times etc

0
10.02.2022
J-
Mike
I think it should be more of an optional incentive...

Reduced lockup would be cool. The 12 month lock is my biggest complaint by far about the platform

0
10.02.2022

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