RE: How to deploy your first VSC Hive Smart Contract

You are viewing a single comment's thread from:

RE: How to deploy your first VSC Hive Smart Contract

View the full context

kenny-crane in Threespeak • 8 months ago

I already commented here about a token swap smart contract. How about a HBD Bond smart contract! Is it possible? Could ETH staking be the way to get the extra interest needed to entice someone to lock up their HBD longer for a higher interest rate? Could one smart contract on Hive do all that would be needed or would it have to interact with other smart contracts on ETH?

I was thinking about this, here:
https://peakd.com/lido/@dalz/a-look-at-the-lido-protocol-or-the-number-one-protocol-for-staking-ethereum-sbtvlf#@kenny-crane/re-dalz-sbugh6

8 months ago in Threespeak by kenny-crane

0.00 ALIVE

Sort:

Trending

[-]

vaultec 8 months ago

HBD bond is entirely possible and in the near future we will support holding staked hbd directly within a smart contract. The problem is the L1 would offer the same return and only a 3.5 day lock period. The contract could theoretically set a very long lockup period, but it would make more sense for a user to still go to the L1 instead. As for ETH staking, that's not possible as Eth staking is heavily tied with running a validator and thus an inherent risk that the network cannot take on or maintain.

0.00 ALIVE

2 votes

[-]

kenny-crane 8 months ago

Thanks for this valuable information, I greatly appreciate your reply!

0.00 ALIVE

1 vote