CASH protocol - a copy of shade protocol that is owned by collateral providers instead of a governance token

[zenopie]

HUGE advantages including fair scalability and paying for providing collateral. Its actually overpowered... Quick turn around, clear value proposal to collateral providers. Its a fucking win. talk to me -edit- i forgot to mention the regulatory advantage

[zenopie]

reflexive private stablecoin ($CASH)

-over-collateralized loans to mint CASH

-peg weights are determined by collateral provider governance

--2/3 passing ratio

--sets protocol paramaters

-your ownership of the protocol is determined by how much CASH you collateralized into the system

--no CASH enters system except by over-collaterization (ethos)

--if you repay a loan during a proposal voting period your voting power will reflect your new collateralization value

-if underpeg liquidate collateral and buy CASH to burn from incentivized liquidation pool

-overpeg shouldn’t happen if vaults are incentivized adequately

Cash Dex

-swap fee

-fee is taken from CASH side of LP

-100% to expense splitter contract

--every voter gives their percentage breakdown, those are averaged together by voting weight to reach consensus on split

--example split is 30% to collateral providers 30% to LP by volume 30% to liquidation pool 5% to dev team A wallet 5% to dev team B wallet (this method could also be used for setting the peg weights)

[azaidelson]

Please add a more detailed proposal with team, milestones, etc. in order for us to be able to consider.