Can we build defi on Blurt?
RE: BTC just hit $16k! Wait no, that was YFI...
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BTC just hit $16k! Wait no, that was YFI...
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It has primitive defi, interest on stake, slow drawdown... But it would be easier to replicate the smart contracts into a blockchain SDK like cosmos
Right now blurt is strictly pay to play. You can't do anything unless you have blurt and you can't get blurt unless you buy it. That is a good model in terms of giving the coin value, but we need enough people to want to be here for that to work...
And yes I think a regular defi setup would more attractive to the vast majority of investors. They don't want to blog or have their coins locked for 13 weeks. We should change that to 4 weeks btw. It's a better setup. Though we should probably change it to 4 weeks and have the option for an instant powerdown with like a 10% fee or something of that nature.