Sorry, I think you've misunderstood the question here, I was asking if it would be possible to have Dash Power similar to LeoPower, in other words, exist side by side it, just like CENT and other stakable L2 tokens. I didn't mean any connection between LP & DP.
You are viewing a single comment's thread from:
LP to me is LEO Power. That means that LEO is staked, the way there is HIVE and HP (HIVE Power) for liquid and staked HIVE. If you look at the wallet, there is a line for LEO Tokens, which are liquid LEO. And there is a line for LEO Power, which are staked LEO.
For there to be DASH Power (DP), there would need to be some way to stake SWAP.DASH, which doesn't exist. Tribaldex would have to create it. Also keep in mind that Dash Power could take weeks to power down if you ever wanted take it out the way you can take out liquid Dash.
But there is no need for SWAP.DASH as you're actually earning LEO and HBD, not DASH. These get automatically converted into DASH when you cash out.
It seems like what you are actually asking for is a line in the LEO wallet with a running estimate of how much DASH you have earned when it comes time to cash out your LEO and HBD. The line would just be Dash, not Dash Power.
No, no, no. I'm so sorry but I think you totally misunderstood the question here. I'll add my original question from the treadcast here as reference to help you understand:
So, once again, I do know how Leo Power works, that wasn't the question but I was simply asking if the same mechanics could be applied to $DASH as well(meaning it would need to happen on H-E) and I got an answer that indeed it could be technically possible but that is not in the plans right now.
Hope this helps to clarify things a bit. 🙂
OK. I just don't understand how that would work.
The other H-E tokens set the max supply when they launch. Then POOF you have millions of tokens created for Hive users to earn from the reward pool. As you can see, most of them have $0 value.
Somebody would have to provide Dash for the reward pool so that SWAP.DASH has any value, making it worthwhile to stake. And for those who stake, who is providing the Dash for their rewards?
I think people would individually have to buy in, stake, and give away Dash to other stakers.
Yeah, I don't know that's why I was asking the question.
$LEO doesn't have zero value. That's why I referring to LEO in the first place.
Study how the pool/staking works with LEO and perhaps apply the same DASH.