Best posts made by quanTrava

1. Idea:
Defi’s growth is very rapid, and there are many new business models being introduced every day. In this case, the cooperation between different projects is the key that leads to a better chance to scale up the business, strengthen the community, and benefit users in the ecosystem as a whole.
For example, Olympus DAO as the pioneer of the new model - Decentralized Autonomous Organization, has built their partnership with several OHM Fork projects, such as JonesDAO, FIATDAO, etc. This relationship benefits the Olympus DAO community as it enables them to make decisions in the other’s community. In addition, it also brings Olympus DAO’s partners an advantage in receiving critical support from “The Giant” Olympus DAO.
2. Current status:
For now, after nearly three months, by bringing users with various unique features, such as bonding installment, wallet reputation, etc., TraDAO has built its own community and reached some critical milestones.
However, support from other partners is needed for the protocol and the community development. Thus, we are now finding opportunities in cooperating with other projects for
3. Discussion
Do you have any suggestions for projects that TraDAO could work with?

@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!

@victoriaph Actually, other OHM folks projects are doing something like this. They are investing to new projects or depositing to other vault, lending pools. Profits from those actions will be shared with their users. I think it's a good idea to make our Treasury become bigger