Do Nothing Club

builder Universal and @alongside (alongside.xyz) — Casts that won’t put you to sleep — come /donothing with us

I know this is do nothing but I had a thought about this token structure @gaut 

Since the asset is fully backed - you should allow users to seamlessly redeem or borrow against backing to some reasonable extent. This either enables native leverage long AKT or “utility” of a lower risk index.

you probably don’t think about liquidity enough // it is what it is  // build value, not valuation

| 🎩  |  ↑  |  ⌐◨-◨

Redeem is already fully enabled. Interesting idea with borrows!

Yeah I keep thinking about it - and it makes the AMKT token more interesting.

For example, you could set the borrow to 100% of the top 2 assets (because they're likely the most liquid). You can self reference for an oracle & the protocol shouldn't have an issue w/ buying back its own token.

Continued…