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john
@know
if there was a smart contract that i could send funds to and it would automatically convert those funds to 50/50 HIGHER/ETH LP, and all LP fees were re-invested into more HIGHER/ETH LP, I'd probably send a % of revenue/profit from my business to align it with the brand of Higher. The benefit to me comes through immutable record of Higher-Alignment (my kids will check the chain) and the attraction of the Higher-Network to spend at my business. Even better if by sending funds to the contract, one could receive HIGHER from a treasury for use as loyalty rewards for customers. I imagine it could serve as the backbone of a sustainable and self-sufficient ecosystem infrastructure. If you are an economist and this is a bad idea, I'd like to know. There are also considerations regarding over saturation of the LP as well as the security of the contract, it also requires real utility demand for HIGHER. Worth some sharp minds thinking about it, though, imo.
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kompreni 🅱️ ⚡
@kompreni
> if there was a smart contract that i could send funds to and it would automatically convert those funds to 50/50 HIGHER/ETH LP, and all LP fees were re-invested into more HIGHER/ETH LP, I'd probably send a % of revenue/profit from my business to align it with the brand of Higher. definitely doable! > Even better if by sending funds to the contract, one could receive HIGHER from a treasury for use as loyalty rewards for customers. this is a lil diff from the first thing -- seems like buying higher?
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john
@know
What do you need for this to happen? My best guess is as soon as it exists, people can build around it like legos, as long as it's readable who has sent funds, and how much. People could start rewarding people based on what they've sent. Alternatively, it just becomes a piece of infrastructure for higher party to trustlessly commit funds to LP.
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kompreni 🅱️ ⚡
@kompreni
would you want it to be primarily "send eth", "send higher", or both?
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