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RE: Possible New Defi Project With a Wrapped STEEM Token on TRON

in #steemtron5 years ago

Hi @steemingcurators and thank you for another interesting topic. I have tried to understand what that should mean but somehow it is still not really clear for me, that is why can't really tell if I am pro or contra. Will try to surf a bit and might come back :)

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Hi babe! Well, MMA's (like JustSwap) need liquidity to trade. To do so, people are incentivized to stake their tokens on platforms like jackpool.finance and get some kind of token in return. We can create such project, if we have a wrapped steem token that is linked to steem (at least the price). It will create demand as you can see all defi related tokens pump (when there is a pump :D)