Thank you for the links, the stability pool is a difficult concept for most users to grasp and wrap their minds around it. If they knew how it works and how much they stand to gain I would imagine it could become on of DLLR’s most lucrative use cases.
I’m certainly re thinking how to communicate this on my content, thank you for the links, I will read them and use them when communicating
For what I understand this is intentional, the idea is to get users to acquire DLLR from the AMM to participate in the stability pool at this stage. So as to absorb demand instead of generating more DLLR.
Once the issuance vs demand gets more even, then the origination fee can come down and people will be more open to create more DLLR for the stability pool
Yago, would it be a good idea to add a way for people to quickly deposit funds in the stability pool under the “earn” tab in the alpha.sovryn.app page?
Right now, only those who go to the Zero dashboard can use it, and if we also want to encourage people to aquire DLLR from the AMM pool and deposit in the Stability pool. It could be a good idea to have it all in the same site.
Not sure if it is technically feasible, but could we add the ability for users to deposit any asset and in one transaction those assets are sold in the AMM for DLLR, converted into ZUSD and deposited in the stability pool?
Not sure how much work that would take and how many new funds it would actually attract. But could be something worth considering at some stage, specially once SOV incentives are in place.
So what we are saying is that I actually can’t borrow on my BTC right now (because I won’t pay the 5% origination fee), so to add DLLR to the stability pool, I have to either: 1) Buy DLLR with BTC, 2) Deposit stablecoins and buy DLLR and add to the stability pool. Since I’m all in on BTC and don’t hold fiat, this makes the stability pool out of reach for me without Zero, because I’m definitely not selling my BTC to HODL DLLR. So who are we talking to here, who are we are trying to create appeal for? And how is this even promoted on the platform? Are we just hoping this will happen, that people will provide liquidity to the stability pool?