Mike🎩 on Warpcast

Content pfp

https://warpcast.com/~/channel/consumercrypto

0 reply

0 recast

0 reaction

Mike🎩 pfp

Thinking out loud: Instead of apps launching a token, why not launch stablecoins unique to their ecosystem? Positives? Negatives?

22 replies

0 recast

28 reactions

Mike🎩 pfp

@androidsixteen.eth am I an idiot?

1 reply

0 recast

2 reactions

MJC pfp

what’s the upside here

1 reply

0 recast

1 reaction

Corbin Page pfp

Fragmented liquidity. And users very much prefer incentives in speculative assets. You’re tipping hopium more than exact USD value.

1 reply

0 recast

5 reactions

basil pfp

why unique eco stable? why not build on base with usdc: get free usdc transfers, 2-click on/off ramps with insurance, 1-click to pay anywhere (visa, et al), and all the liquidity & familiarity usdc provides?

1 reply

0 recast

1 reaction

alex pfp

@proxystudio.eth

Positive: potential for growth to align with increase in TVL Negative: who cares? People use stablecoins, and they want to use the ones they trust the most or else they want rewards Stablecoins farming was a huge part of token printing from early on, and even today morpho or aave rewards is essentially speculative in nature Not sure what this gives you that’s significantly different from printing volatile tokens, but I know what stables don’t do (capture the interest of users)

1 reply

0 recast

1 reaction

Jacob pfp

are you sure you're a crypto vc?

1 reply

0 recast

1 reaction

Sinaver pfp

fragmentation and dealing with regulation to issue stablecoin personally, even the idea of buying internal stars / warps / ... doesn't make it appealing for me to use the product, why?

1 reply

0 recast

1 reaction

Matthew Fox 🌐 pfp

Matthew Fox 🌐

could be neat - even if its just wrapped usdc and the app developer earns yield Kinda how fintechs and institutes earn yield on customer deposits

0 reply

0 recast

1 reaction

samphap palapa pfp

https://warpcast.com/na/0x5577581b

1 reply

0 recast

1 reaction

alec.eth is yapping🤠 pfp

alec.eth is yapping🤠

Upside.wtf is doing something similar if i understand what you’re saying

0 reply

0 recast

0 reaction

Garrett pfp

Where’s the incentive to try to app or attract users?

1 reply

0 recast

0 reaction

zoo (hb arc) pfp

stability mechanisms are a pita, and speculation drives everything here

0 reply

0 recast

0 reaction

xh3b4sd ↑ pfp

The design space for this is pretty big and absolutely underexplored, which has mainly something to do with the lack of associated successful businesses utilizing alternative token models. Either way is totally fine. This all depends on context and the tradeoffs you are willing to make. Using stablecoins with a value accrual mechanism in terms of revenue share might work as well as a free floating token version that shares the same revenue. The issue is usually not in the token design, but in the token distribution. Because more often than not you have privileged allocations that dump on retail. And no mechanism design protects you from those kinds of ugly price charts. If you are interested, I can share a more concrete idea about a token model that I want to implement for an onchain game that I am working on. This would be right on topic.

1 reply

0 recast

1 reaction

TJ Kawamura pfp

Apptokens, recently announced by Limit Break, are an interesting concept. They enable an app to create a programmable economy while eliminating crypto speculation, as the token is restricted to use within the app's ecosystem.

1 reply

0 recast

1 reaction

kugusha 🦋 pfp

what would the value be pegged to?

1 reply

0 recast

0 reaction

g ⬆ pfp

@basedsatoshi.eth

https://x.com/funghibull/status/1890182541975646645

0 reply

0 recast

1 reaction

xcelencia pfp

thinking through stable tokenized revenue rights negatives - of any financial system lol

0 reply

0 recast

1 reaction

vrypan |--o--| pfp

Stablecoins don’t have an upside. The reason you buy a project’s token is you expect that the project will do better in the future. Why buy stable X instead of usdc or an other respected stable?

0 reply

0 recast

1 reaction

SQX pfp

Stability needs deep liquidity. Tokens are an attempt to unlock liquidity.

0 reply

0 recast

1 reaction