Topics created by BigBen

@bigben We are having staked version of TOD. Interestingly, it's name is xTOD. Using xTOD to deposit into the lending pool is completely possible. But using xTOD as collateral and borrowing other tokens, for example USDT, requires a lot of consideration. Because TOD is currently still a token with large price fluctuations, a whale can push the price of TOD very high to borrow a large amount of USDT and then dump the TOD price. They will receive a large amount of USDT and the lending pool will be affected. It's also a mechanism used in a lot of recent lending pool hacks. We are trying to create more utilities for TOD and xTOD. Hope it's works well! 👍

@bigben It sounds good. Unfortunately, we cannot do it. Let's me explain! As far as I know, we have 2 ways to implement your idea:

The TOD contract must support this function, but TOD contract cannot be upgraded. We don't code and deploy our contract like that because I think no one trusts a project with a token contract can be changed. We have to implement a DEX like PancakeSwap and add tax feature to it. We definitely do it for sure. However, people still buy and sell TOD on PancakeSwap so the DEX we implemented make no sense 😢