Count me in, I am fully invested because this is an idea I have had in my head for years. I thought it’s not possible and I am delusional, because what do you mean, there needs to be a platform where you can take a loan from and it repays itself? How? So this was my idea, to collect a loan, you need to deposit a collateral and this collateral will be staked and the rewards earned from the collateral will be used to repay your loan. Doesn’t still make sense right? Because how will the project be benefiting or are they just doing non profitable charity work for free?
Well, they have to have a native token, this is only possible when they have a native token, the native token should be the only acceptable collateral. Here is why, to collect a loan, you need to deposit the native token and be given a stablecoin as a loan, and whatever loan you collect will require a collateral that is 5X worth the value of the loan. For instance if you want to take a $20 loan you will need to deposit a $100 worth of the native token of the platform.
This way the buying and staking power of the token will increase thereby keeping the token at a reasonable sustainable increase in value rate. This might sound delusional but I will love to see this project try, with crypto anything is possible.