Token lending seems like a really good thing here since it would allow people to short and it would generate passive income for hodlers. Since the tokens will be fairly obscure compared to BTC or USDC, the interest will be high, provided there is any interest in shorting in the first place, right? So the shares of controversial projects like playpumps will yield high interest but will remain cheap while, say, AMF shares will yield low interest but appreciate. I’ll need to think about whether that’s good. And what the interest currency should be.
Perpetual futures would be another proven solution to this problem. Bonfida already offers three of them based on Serum, so they seem like an obvious partner to try to get on board with this. Moët is another one but hasn’t launched yet. Considering that Bonfida only has three and they have low volume, I suspect that it’ll be hard to get this off the ground…
A completely out-there idea: Instead of just having one dimension – price up or down, crudely representing positive impact – you could have a multidimensional market. A charity could get their token listed on markets of happiness/USDC, suffering-reduction/USDC, eudaimonia/USDC, edification/USDC, progress/USDC, existential-safety/USDC, experience/USDC, etc., so a token/USDC market with many dimensions. Then traders could buy or sell arbitrary vectors on that market, and their PnL could be something like the cosine similarity to the current multidimensional market price times their investment. But that would require a lot of liquidity since an order can’t go through if even along one dimension there are not enough offers at the price. In any case, just a random phantasy, not actionable for me. xD
Token lending seems like a really good thing here since it would allow people to short and it would generate passive income for hodlers. Since the tokens will be fairly obscure compared to BTC or USDC, the interest will be high, provided there is any interest in shorting in the first place, right? So the shares of controversial projects like playpumps will yield high interest but will remain cheap while, say, AMF shares will yield low interest but appreciate. I’ll need to think about whether that’s good. And what the interest currency should be.
Perpetual futures would be another proven solution to this problem. Bonfida already offers three of them based on Serum, so they seem like an obvious partner to try to get on board with this. Moët is another one but hasn’t launched yet. Considering that Bonfida only has three and they have low volume, I suspect that it’ll be hard to get this off the ground…
A completely out-there idea: Instead of just having one dimension – price up or down, crudely representing positive impact – you could have a multidimensional market. A charity could get their token listed on markets of happiness/USDC, suffering-reduction/USDC, eudaimonia/USDC, edification/USDC, progress/USDC, existential-safety/USDC, experience/USDC, etc., so a token/USDC market with many dimensions. Then traders could buy or sell arbitrary vectors on that market, and their PnL could be something like the cosine similarity to the current multidimensional market price times their investment. But that would require a lot of liquidity since an order can’t go through if even along one dimension there are not enough offers at the price. In any case, just a random phantasy, not actionable for me. xD