DIP #12- Interest Bearing Tokens
Nobody has claimed this yet.
Assessment
- Difficulty
- 5/5
- Estimated time
- Over a week
- Newbie friendliness
- 15/100
- Issue type
- Feature
- Clarity
- Needs clarification
- Activity status
- Stale
- Domain
- blockchain
Research direction
No files, tests, or entry points are named. The proposal describes a new interest-bearing token tied to staking, redemption, transfers, trading, and algorithmic rates, but does not define implementation scope or acceptance criteria. A contributor would need those details before starting, and what counts as done is not specified.
Written by the indexing model from the issue text.
Description
Dev Protocol should develop interest baring tokens. Interest bearing tokens (aTokens for short) are minted when you stake and burned when redeemed. The aTokens are pegged 1:1 to the value of the underlying Dev tokens that are staked in the Dev protocol. aTokens can be freely stored, transferred, and traded. While the underlying asset is staked in a property pool, aTokens accrue interest in real time, directly in your wallet!
A user’s balance of aTokens increases as interest is generated according to the current rate. This interest rate changes algorithmically, depending on the amount of funds being staked to the pool, as well as the APY.
These tokens can then be sent to Uniswap, Kyber, and other trading platforms to exchange and trade. This would incentivize users to keep their underlying stakes while using the interest bearing tokens to find other opportunities in or outside of Dev Protocol. This would mitigate users dumping without forcing them to lockup tokens which will only delay not prevent dumping.
- Dominant language
- No language data
- Stars
- 11
- Forks
- 7
- PR merge metrics
- No merged PRs in 30d
Contributor guide
No contributing guide indexed for this repository
First steps
- Read the whole issue, then the project's contributing guide.
- Comment on the issue to say you are picking it up — it saves two people doing the same work.
- Fork the repository and make your change on a branch.
- Open a pull request that references the issue number.
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