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Description
Stellar has a huge Ecosystem and we wish to start exploring how our escrows can add value to their product offering and how they can add value to ours. One of them is https://www.excellar.finance/.
Context:
Excellar offers XUSD
KYC'd companies can mint/burn XUSD (against USDC?)
Those companies will receive Rewards by Excellar.
Trustless work offers Escrow Infrastructure, these escrows can handle ANY Trustline on Stellar.
using XUSD so that money can generate Yield while "on hold" becomes interesting.
we want to map how it "could" work to further understand the opportunity.
Some questions come to mind:
Trustless Work could mint/burn XUSD and offer No-Fee escrows for those who choose XUSD? How long would money need to be "on escrow" for the yield generated to be higher than the 0.3% we are charging?
How would Rewards work if the XUSD will be "inside an escrow"? Whould the rewards be mapped somehow back to TW? or would it be mapper to the escrow contract? In this case, will the reward be paid to the escrow? or to Trustless Work?
Can we automate through their API? therefore, can the mint/burn be done IN a TW domain?
Or should we mint XUSD and keep it in our wallet and use another token on escrow that represents the XUSD minted?
I guess I am looking to kickstart the exploration.
Enjoy!
Docs: https://www.excellar.finance/docs
Person of Contact: