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signum-network / business-epics

New business ideas should be added here. We will put those epics/stories onto a business-roadmap for Signum
MIT License
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Lending Signa #6

Open frankTheTank72 opened 3 years ago

frankTheTank72 commented 3 years ago

Description A user should be able to borrow Signa coins for his mining activities. Both sides miner or holder should be able to create an offer to lend or borrow Signa coins. A offer will be set by:

We would have the following new transaction types:

The coins form the lender will never leave his wallet. When an lending offer is created the coins get locked on the lender wallet until the offer is cancelled or the offer is taken and the lending time is reached. The lending-fee is paid upfront to the lender.

A miner which took an offer has the following limitation to get the borrowed coins added virtually to his commitment:

( Example if the miner has 500k committed - he can add another 1M coins via borrow)

shefass commented 3 years ago

Great idea! There was something similar (without market part) in NXT (NXT -> Burst -> Signum).

It will help to lower amounts kept in CEX'es. From my view it one of main problems of crypto space.

Nivok-Spilkommen commented 2 years ago

Could we e more flexible on this point? 'Only in a ratio 1:3 can be the virtual commitment be added in relation to the own commitment.' I would like to be in a position to lend to somebody with no commitment, maybe put in the ratio once there is 5k committed on the account.

frankTheTank72 commented 2 years ago

Could we e more flexible on this point? 'Only in a ratio 1:3 can be the virtual commitment be added in relation to the own commitment.' I would like to be in a position to lend to somebody with no commitment, maybe put in the ratio once there is 5k committed on the account.

i think than this would be valid "10k borrowed coins regardless of the commitment can be added to the virtual commitment"

xDWart commented 2 years ago

Are you considering adding mining capabilities to smart contracts?

paulpoco commented 2 years ago

I know I would like to see a new commitment transfer function that would send commitment from 1 miner address to a 2nd miner address. All without having to wait 4 days.

Example:

miner1 address has 37TiB and 750,000 commitment miner2 address has 1.7TiB and 250,000 commitment

Then miner2 address sends 50,000 existing commitment to miner1 and nobody waits 4 days.

miner1 also runs into a different problem if they want to remove commitment, they happen to get blocks everyday. They want remove 250,000 commitment but don't want to stop mining. What about yes you still wait 4 days but the 250,000 commitment is removed right away and it held for 4 days then released. So the miner can keep mining just goes down to 500,000 commitment right away & the 250,000 is released in 4 days.