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RE: The Curious Case of Smartcoins Yield
I have upvoted but I disagree...I think that holding bitassets in bitshares DEX is like holding your money within a bank and bitasset holders should earn interest. I have proposed and defended my view on the below in the past how bitasset holders could earn the yield from very small amounts from the reserve pool. I still believe that we should try the experiment proposed for a couple of months to see what happens, but apparently no one want to step forward and do some change...
https://steemit.com/bitshares/@mf-tzo/proposal-to-reward-bitassets-holders-with-interest
I don't think we should be introducing interest on exchange backed assets (open.xyz), because that would place an exchange in the position of either staking with user's funds to provide this interest or would potentially put OpenLedger in a somewhat insolvent scenario.
I like the idea mainly for UIA - allowing an issuer to set scheduled interest payments to holders, by increasing the coin supply & distributing the new funds to holders.
Reintroducing yield for smartcoins would probably work best as 50:50 witness/holders receiving yield from MPA trading fees.
I don't get what you say.. In my proposal, on daily basis the pool reserve fund sell an extremely small portion of bts for Open.xxx assets and rewards the bitasset holders with this interest. The bitasset holders can freely decide to either hold the open.xxx asset or sell it for bts,bitasset or whatever...
In any case, if you guys for some reason you believe open.xxx asset for interest is not a good option, just use the reserve pool and do that calculation rewarding bts to bitasset holders who then can again freely choose what to do.
with less than 20,000 bts daily from the reserve pool we can reward 10% interest in the form of bts to the current bitasset holders. The yield will be adjuseted accordingly depending on bitasset supply and bts price...But for the love of god..We can achieve so much with just 20,000 bts daily from the reserve pool and nobody is implementing a worker proposal for that..I just don't get it why..