"Are bridged assets ultimately going to expand to include from outside the Hive community? Hope so if that is feasible. Outside money is Ultimately what could be gasoline on the fire."
We would really like to propose some external bridged assets to the DAO. It might add some more complexity to our developments, but I've already scoped it out with the dev team and it is entirely possible.
For example, we'd need to create what is essentially a two-step wrapped token.
- A native asset would need to be chosen (let's take RUNE as an example)
- PolyCUB DAO would create something on Hive's second-layer to represent RUNE - i.e. hive.rune on Hive-Engine
- From there, it would work exactly like pHBD (wrap and unwrap hive.rune to PolyCUB from Hive and back)
- hive.rune would be 1:1 backed by native RUNE which we would stake on Thorchain
- "polycub.rune" would be 1:1 backed by hive.rune (which is 1:1 backed by real RUNE)
This is kind of a crazy setup but it would most definitely work. It has the added benefit of bringing RUNE into the Hive ecosystem. So we effectively add RUNE to both Hive and PolyCUB and now anyone on Hive or PolyCUB can buy and LP RUNE.
It's an exciting idea for me - obviously when RUNE is the example - and it is completely doable with the technology that the PolyCUB DAO controls (Multi-Token Bridge from Hive to Polygon).
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