Hi everyone. This is my 2nd post here.
So I mentioned in the #general discord channel about using eDOUGH as a collateral to borrow something.
Since eDOUGH is likely to just stay in the wallet until vesting period ends, then why not lend it to borrow something.
So the current model would be:
borrow COOKIE, a native minted stablecoin.
stake it into a transmuter like mode to transmute into USD++
This is relatively new concept to escrowed tokens and I’m vague on the economic incentives and also feasibility to do this.
Discussions really welcome. Hope that we can help make this idea mature.
Edit: One possible idea on post #9