I don't really see this as an option because it opens us to counterparty risk and completely centralizes the asset while giving power to an outside entity. We can get the same effect by simply lowering the interest rate at the top and forcing yield farmers to go find something else; that something else could indeed be bonds.
If we want support at the bottom we need one of two things:
- Strong Hive/HBD liquidity (preferred)
- Incentive for Hive users to hold assets on reserve outside of the ecosystem.
This is yet another reason why everyone on Hive should have a shit-ton of Bitcoin.
Just easier to ride the coattails of the big dog.
Only takes a tiny amount of BTC to make a huge splash on Hive.
Makes sense, next year is going to be super interesting.
I cant help think the Tether business model is so successful, they basically just get free yield for producing digital assets that pay no yield.