New idea for the bnt token ( 1 idea includes bullet 1-4 … 5 is optional )
- ILP insurance is restored, but is acrued at —%/day + requires a the LP to stake X ___ BNT tokens ( depending on the size of the position ? )
- in addition to this staking the BNT tokens will also entitle the BNT LP to a % of the withdraw fees or a % of the fees generated from trades )( withdraw fees could come from IL from user not having full coverage… or a fee taken from a users position for exiting )
- If the users initiates ILP , their staked BNT is locked for X__ period of time and no longer accrues any of the withdraw fees or trading fees during this period of time ( making the bnt token more beneficial for those who arent exercising their rights to ILP )
- Only BNT that is staked, while there has been no claim for ILP will be issued withdraw fees or fees generated. ( this creates buy pressure for bnt, and helps to lock up bnt )
- ( this next idea doesnt need to be implemented, but if we increase the APY for LP’ing the BNT pool ONLY with additional bnt similar to v2.1 then this may also boost the desire for people to purchase the bnt token… of course this will mean increasing the supply of bnt so I’m not stuck on this bullet point… just noteworthy that a high apy for taking on the risk for buying and staking bnt may incentivize organic growth )
( can some big brains here do the some math behind this idea to see if its logical? ) this will add buy pressure to the BNT token… if the fees generated for long term bnt holders from withdrawals are high enough, this will incentivize long term users of the platform and will pump the price of bnt. and when users excercise their rights to ILP this locks up BNT… I feel this is a win for organic buying from investors who want the fees, a win for organic buying from users who want the ILP and a win for the protocol as this mechanism also locks up BNT @yudi @mbr @ZenoBNT @foxsteven @glenn @thedavidmeister tagging you guys to get your attention on this idea.