#IdeaContest--Lending Pool-Trava Knight-Trava Capital
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First off, the TRAVA team has done an amazing job and communicates a lot, thank you. Now that Trava has lots of features, has not been hacked and looks great, its time to clean up what we already have built before continuing to add new large features.
In order to grow Trava better, I feel what's needed next is to stop for the next year of expanding new things. The tickets and the governance I was not too keen on even though you built if flawlessly and it works. I just don't see it being used in Trava's current state. We should focus on making what you already built and make it even better or useful before expanding again.
Main Page:
The initial or main page of Trava with the digital mountains and three links is not very user or visually friendly, suggest we redo that again.BUSD:
Its a dead stable coin. We should get away from it completely and just stick with USDC and Tether for now.BNB:
Due to global regulators attacking CZ which is BNB really, we should be cautious and begin expanding to more chains quickly in case anything happens to BNB. I feel if BNB goes down Trava is done for since most of its utility is on that chain. That's a huge risk that the team cannot control that has nothing to do with Trava and its investors so we should protect accordingly and diversify.Bricher:
Wow, what an amazing tool in Trava. Personally I think Bricher is one of your best features in Trava and most folks do not even realize or use it. What it needs now is to have more defi protocols added to it so it can search more and come up with better strategies. I believe the CREAM protocol should be removed from its feed since that protocol handled their hack horribly and they likely will be hacked again and not payback their users. Instead add in all the other defi protocols so it can find us the best yields throughout the different chains defi protocols. The lists should be updated quarterly to keep up with new protocols and remove others that have not shown themselves to be safe. Most importantly Bricher should be for ETH and FTM chains as well not just BNB. If Bricher gets more diverse and on multiple chains then it could be the biggest thing in defi.Adding more new chains.
Having BNB, ETH, and FTM is great. But, more are needed. Maybe we could put out voting for this issue and which ones to choose. The other issue is most Trava features are just for the BNB chain. ETH and FTM chain users should have all the same feature use as BNB. If they did I feel the TVL on these chains would increase drastically.Lending Pools:
They need to be simplified for the parameters, its very confusing which is why the most important feature of Trava has not taken off yet. Make it dummy proof then people will use it. Add more tokens for lending and keep adding. Also some type of notification or warning feature for pool users should be implemented so when liquidations are close to happening there is an email or something similar since most folks are not day trading 24 hours a day and watching prices constantly.Trava Tokens:
Trava tokens themselves need a lot more utility and a continuous token burn feature.-
Trava should be allowed to be borrowed and lent on all of the chains in Trava Lending. It was featured in the test pool but now when the final one rolled out it cannot be done.
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Trava should use some of the transaction fees earned to complete monthly or quarterly burn of the original amount of minted Trava. This should stay in place permanently. This will only make the price of Trava more valuable.
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In order to strengthen Trava ecosystem for the rest of this bear market, the BNB/Trava safety passbook should be reopened again. That kept the price steadier and gave financial locked strength to the ecosystem. The downside is the similar issue with what just happened to Pancake swap too many unlocked at once and created a massive selling wave when unlocked for liquidity. But something to consider still.
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Many important analytic features do not work properly and need to be fixed and monitored.
Trava Knights:
The knights need real world utility now, they should be able to be leased by users so they can borrow your knight to earn Trava through missions, just like you offer Kawaii. The knight holders can earn rental revenue and so can the protocol.Once the leasing feature is available the knights now have more value and could be used as collateral for lending on the defi pool platform.
Maybe you could partner with a blockchain gaming site where we could use our knights in their game protocols.
Trava Capital:
Trava capital needs a lot of help. It is impossible to understand what money in reserves is actually there. Also what is the actual token circulation count? Coinmarketcap and Coingecko need updates on the token since the price is not tracked anymore. No way for investors to know what the value per token is based off of reserve assets. There should be a visually easy view of token reserves or investments along with their daily market price then divided amongst the circulation we now all know the value per token. I feel a team is needed just for this protocol and if there is one and that's all they do, then we need more folks. We also need more communication. My biggest fear for Trava capital it seems to be a blatant or obvious security or stock share the way it is designed now. Being from the USA I may not be allowed to trade these in the future unfortunately.Marketing to DEFI investors:
More needs to be done and we need some large investment groups not individuals that want to use the protocol daily to earn money with their capital via lending. Not people just to buy Trava to hold. The current market cap value of Trava is ridiculously cheap. If any bank wanted to enter blockchain defi, it would cost them at least $20M and years of work to build out this same platform. That's what needs to be educated to the public. If JP Morgan or similar bank were wise they would literally buyout trava for its technology and platforms and plug it into their current customer base. It would be pennies on the dollar discount, instant defi usage and they would be ten steps ahead of all their traditional banking competitors.As a long term investor, platform user and Hodler, these are my two cents on what TRAVA should do to make sure we at least hit a $500M market cap which should be a bear minimum goal in this next bull market that is coming sooner than later. Good luck to everyone and the TRAVA team, keep up the great work!
Jeff
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@jefe811 said in #IdeaContest--Lending Pool-Trava Knight-Trava Capital:
BUSD:
Its a dead stable coin. We should get away from it completely and just stick with USDC and Tether for now.
BNB:
Due to global regulators attacking CZ which is BNB really, we should be cautious and begin expanding to more chains quickly in case anything happens to BNB. I feel if BNB goes down Trava is done for since most of its utility is on that chain. That's a huge risk that the team cannot control that has nothing to do with Trava and its investors so we should protect accordingly and diversify.@jefe811 said in #IdeaContest--Lending Pool-Trava Knight-Trava Capital:
Adding more new chains.
Having BNB, ETH, and FTM is great. But, more are needed. Maybe we could put out voting for this issue and which ones to choose. The other issue is most Trava features are just for the BNB chain. ETH and FTM chain users should have all the same feature use as BNB. If they did I feel the TVL on these chains would increase drastically.Agree, there will be pulsechain, fork eth 2.0 much cheaper and faster than eth or polygon matic, and cosmos are cheap aswell and fast, matic is strong project
@jefe811 said in #IdeaContest--Lending Pool-Trava Knight-Trava Capital:
Trava Capital:
Trava capital needs a lot of help. It is impossible to understand what money in reserves is actually there. Also what is the actual token circulation count? Coinmarketcap and Coingecko need updates on the token since the price is not tracked anymore. No way for investors to know what the value per token is based off of reserve assets. There should be a visually easy view of token reserves or investments along with their daily market price then divided amongst the circulation we now all know the value per token. I feel a team is needed just for this protocol and if there is one and that's all they do, then we need more folks. We also need more communication. My biggest fear for Trava capital it seems to be a blatant or obvious security or stock share the way it is designed now. Being from the USA I may not be allowed to trade these in the future unfortunately.Thats point, Team should not, skip this kinda situation, its looks bad on view, when tokens is just non tracked. Also we dont know how money left for investing, etc
We need more partnership with project, some ama with other group/teams for marketing trava capital and trava token.@jefe811 said in #IdeaContest--Lending Pool-Trava Knight-Trava Capital:
Trava should use some of the transaction fees earned to complete monthly or quarterly burn of the original amount of minted Trava. This should stay in place permanently. This will only make the price of Trava more valuable.
Thats not bad idea, for price token, but honestly i prefer keep money for marketing with others project/people ama's partnerships etc, in social media is silent, i had proposal fore crew 3 but aswell is silent about this idea, we dont have much retweets/likes on tt page compare for followers, dunno why.
Also we waiting still for ama with team for more information and team vision about future Tod and Trava.