The point's not providing an APR to liquidity providers, it's more about 'incentivizing' a pool that will tighten much better the HBD peg.
For example, right now a simple 1000$ swap carries a 1-2% slippage, which is (if you allow me the expression) laughable.
We'll never attract enough liquidity without incentivizing it, and after this step is done, the black hole will just keep feeding itself.
More liquidity -> HBD peg tights -> HBD gains utility (as a 'better' stablecoin) --> more eyes on us & user expansion --> more HBD printing -> More liquidity -> (repeat)
We'll need more liquidity in orders of magnitude to make HBD work properly. This proposal is only a starting point.
Additional benefits:
- Gerber already said that doesn't want retribution, and the code is ready. What better way to put the DAO's funds to work?
- Taking the HBD.stabilizer as an example, we can always increase/decrease the funding as we see convenient.
- Given that we're 'creating' a sink for HBD but also for BUSD, a pool with millions of BUSD into it could serve as a great starting point for @lordbutterfly to negotiate a possible HBD listing on binance CEX.
These are a few but surely I'm missing some. Bihg thank your for your work on the HIVE ledger app @engrave :)
i write a longer post on that in terms of internal market V2. Onchain pool.
If you like you can look at it: https://peakd.com/leofinance/@urun/hive-defi-pool-internal-market-v2--urun-post-about-this-again
I bring that topic up from time to time because that would be mindblowing. But devs told me already, no developer recourse left to build it.
So the only thing i can do is post all couple of month again :D
HBD listing we desperately need! This is an underrated point!