In a just released report Blockchain Applications in the Energy

Question

In a just released report Blockchain Applications in the Energy

Sector (see website Eublockchainforum) on page 36- Micha Roon (Bonq) in his former role with EWF mentioned a DEX usecase for EWT

Q: You mentioned stable coins. Is EWF entering the fintech space?
No; EWF, as a mission-driven organisation, sticks to its mission to create the digital infrastructure to decarbonise the grid. However, nothing can be achieved without financial resources, and we need to make sure that we protect the value of the EWT. Partnering with fintech projects to achieve both financing and value protection makes good sense.
The EWF will not be involved in the funding or development of the stablecoin, but it might provide liquidity to the DEX in order to make it easy to swap EWT for KES (Kenyan shilling) and back, in order to provide loans in local currency for the buyers of photovoltaic equipment.

@micha_roon I presume the DEX in mind is the AllianceBlock one ? Could you elaborate on this liquidity pair on the side of KES … KES is a non digital currency - how could a DEX be a part in that ? You mean a digital KES (pegged to Tradfi KES) - how do you see that working ? Or is this a usecase for a DEX at Bonq ?

@Agorajix - fyi (see question above this case seems something for phase 3 of DEX but I’m missing the point linking with KES tradfi)

#allianceblock #cryptocurrency #de-fi #english

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10.06.2022

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Dirden Автор вопроса

In fact for both … I presumed Micha was a member as Bonq had a rekation to the DEX (bEUR incentives for liquidity) - does that mean he didn’t receive this question coming from a group he’s not part of ?

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10.06.2022

Ryan | Never DMs First

Dirden
In fact for both … I presumed Micha was a member a...

No worries! That would be correct - he needs to be a part of the group to view the message! :)

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10.06.2022

Dirden Автор вопроса

Ryan | Never DMs First
No worries! That would be correct - he needs to be...

DM’d Micha (suggested he answers in the group here 😉

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10.06.2022

Ryan | Never DMs First

Dirden
DM’d Micha (suggested he answers in the group here...

Awesome! That'd be nice for him to drop in to answer it for us. 😁

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10.06.2022

Micha Roon

Thank you @Dirden for the question. The problem with crypto currency loans is the wild volatility of the price. It can go up as well as down and you never know how much you will have to repay. On top of that, it puts sell pressure on the token which is a bad thing in and of itself. How would that work with fiat then? First step: Get fiat out of BEUR: On the AB-DEX we will have pairs to exchange BEUR to USDC, either directly or over other currencies. Like BEUR -> EWT -> USDC and BEUR -> ALBT -> USDC. Once you have USDC you can sell it for whatever currency you really need. Second step: Insure the exchange rate. Once you have the fiat (e.g. KES) you can chose to bare the exchange rate risk yourself (by charging high interest rates) or buy insurance (and reflect the price of insurance in the interest rate). The nice thing is that these products exist on financial markets today and we don't need to invent anything. Once the loan has been repaid, you can go in the other direction: EUR -> USDC -> BEUR and repay your loan to unlock the collateral. Or provide another loan. The inovation is the ability to get interest free liquidity based on a digital asset's value. Removing one cost point in the cost of capital accounting. The risks still need to be financed, that stays the same.

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10.06.2022

Ryan | Never DMs First · Accepted Answer

Ryan | Never DMs First

Hey there, Dirden. Thank you for the question mate. To clarify, @micha_roon is not a member of this group. I wonder if this is just a question for Rachid?

0

10.06.2022

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