RE: Splinterlands DAO - 500k HBD purchase proposal not passing
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One of the ways is to "list" HBD and HIVE on Uniswap in a decentralized manner and provide liquidity incetives from the DHF.
For this to happen we need:
- decentralized bridge
- proposal voted from the DHF for LP incetives
- LPs incetives funds managment
There is a multisg on hive as we know, and there is a proposal that works on improving this. This account should hold the hbd on hive and hbd on eth.
We can even go with a single stakeholder if the community votes on proposal for that.
A 200k HBD per year would fund a 1M liquidity pool with 20% apr, just from incetives, swap fees on top of it.
Varation on this are possible, someone just need to do it.
P.S. Users can still buy HBD on the internal DEX, it will just take time, probably weeks, to buy a big amount. The lazy panda account is a proof for this, he did it in this way. Further, there is always the conversions options, buy hive and convert it to hbd. (infinite liquidty :) )
Yeah I used it a while back when I returned the 200k hive stuck in the initial stabilizer to the DAO. Fbslo that helped had a rudimentary UI created.
What would be the initial steps needed to push this forward? Id assume Smooth would be someone to talk to. How decentralized can we keep it and what do you feel a cost of implementation would be?
Organize people that can implement it :)
Build the bridge. A hive account where users will send HBD, that will then be minted on ETH.
Multisig on hive and then the same on eth side.
A bot that will check for wallets LP on ETH and use that to distribute HBD on Hive, preferably daily.
A DHF proposal for LP incentives.
Well, if we start talking we might find out who actually can and wants to do it and what the drawbacks are.
lol, thats easy to say. Some things suggested, I can make happen in 2 hours. This, being so far out of my knowledge, probably takes me a 100 years. 😂