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Usage of BORG as collateral#835


Regarding the usefulness of BORG, why not integrate it with Alpha opportunities? For instance, when subscribing to a vault, in addition to specifying the desired token amount, users could be required to provide collateral in BORG. This collateral would remain locked for the entire token vesting period and would be released concurrently with the token. As an illustration, we could consider requiring a 10% collateral in BORG. Thus, if someone wished to purchase $50 worth of Colony tokens, they would also need to lock an additional $5 in BORG. The 10% figure is purely exemplary and should be further refined by the team. Furthermore, we could contemplate offering a reduced percentage for premium users.

5 months ago