Bridge for rTRAVA across three networks
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1. Idea
rTRAVA is the reward for users who lend/borrow on Trava Lending Pool. As mentioned in some article before, rTRAVA holders have their own voice on the governance process. The rTRAVA holders get share from profits gained from Trava Lending Pool. rTRAVA now becomes an essential part of the development in the Trava ecosystem. And we would like to create as many utilities as possible for rTRAVA in the future. The idea of Bridge for rTRAVA across BSC/FANTOM will help in:- Building strong connection among our lending pool.
- Increasing utilities for rTRAVA and TRAVA in the ecosystem.
- Making the fair among rTRAVA holders for the Governance Process across three networks.
2. Current Status
Only TRAVA Bridge across BSC/FANTOM is available now: https://app.trava.finance/bridge- Minimum TRAVA per transaction is 500
- Maximum TRAVA per transaction is 50,000
- Maximum TRAVA per day is 500,000
- Fee = 2% * amount converted + 20 TRAVA
3. Discussion
Should we create the rTRAVA bridge across BSC/ETH/FANTOM network? If so, which fee and bridge parameters are suitable? -
so rtrava or trava is more valuable, I see rtrava is hard to get than Trava? is this right?
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I think rTrava is more valuable, cause is assess the loyalty level of a users
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@aliénor-0 rTRAVA and TRAVA have similar values. However, at the moment, rTRAVA can only be obtained through the use of a lending pool. Meanwhile, you can trade TRAVA on centralized exchanges (MEXC, Bitmart) and decentralized exchanges (Pancake Swap, Spooky swap and Uniswap)
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@aliénor-0 Yes, rTRAVA (Royalty Trava) is a unique Token which is gained only from when performing Lend/Borrow via Trava Lending Pools and can be collected via Dashboard.
rTRAVA incentives are bigger APR% in Trava Staking Vaults and rTRAVA also will have more voting power with Governance feature.
rTRAVA is sort of a loyalty token for Trava users which will be playing an important role in Trava Ecosystem.
rTRAVA --> TRAVA (ratio 1:1)
TRAVA --> rTRAVA
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@thangtrava One more thing, you can only convert rTRAVA to TRAVA but can not convert TRAVA to rTRAVA
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@kel @thangTrava trava can also be switch to rtrava also?
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@thangtrava I hope you can create a bridge to do it
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@thangtrava yes we should create a bridge.
the current fee and bridge structure can be lower 50% -
@chloexav-0 No TRAVA cannot be converted into rTRAVA
This is why the APR % for rTRAVA staking is higher due to the need to use the lending pools to earn rTRAVA before it can be staked.
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@theunreal okay Unreal. Let's see it.
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I agree with Unreal. Create a bridge for ETH as well and fees -50% would be great
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@thangtrava I support this idea, bridge for rTRAVA should be implemented
