Convergence is a very powerful force in technology. When it happens, society changes. This was evidence by the smartphone which was the convergence of three different technologies, each which spent decades expanding on their own.
In this video I discuss how we are likely to see the same thing in the world of cryptocurrency. We have a lot of foundation being laid along with development in other areas. There are basic sectors of crypto that we could see converge for powerful breakouts in the future.
How about a defi DAO that is built upon a stablecoin?
▶️ 3Speak
A defi DAO would be quite interesting but I think it's probably better to have it sustainable. I like how the HBD stabilizer feeds back in some of the profits into the system and I think it's an uphill fight for any Defi platform.
Posted Using LeoFinance Beta
Certainly the feedback system is helpful. That is what the goal is. Of course, it has to be structured properly.
Here is where innovation comes in. We are not there yet since we are not really even experimenting much with DAOs. That will happen over the next year.
Posted Using LeoFinance Beta
Are there any projects on Hive currently considering or working on this idea of a DeFi DAO built on HBD?
Posted Using LeoFinance Beta
Not that I know of.
Personally I think there is so much potential here. We can really establish a huge wealth of opportunities with it.
Posted Using LeoFinance Beta
I will be watching such development just in case anyone would consider such project. Thanks!