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BlockWallet built-in lending feature. #325

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LevelUpTrading opened this issue Jan 10, 2023 · 1 comment
Open

BlockWallet built-in lending feature. #325

LevelUpTrading opened this issue Jan 10, 2023 · 1 comment
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enhancement New feature or request

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@LevelUpTrading
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LevelUpTrading commented Jan 10, 2023

Dear BlockWallet team,

What if BlockWallet adds a feature never seen before on any web3 wallet.

A feature where, if users have, for example, USDT lying around in their BlockWallet account, the user could put that USDT to work by adding a ''one click'' lending feature. (Users can stop lending out their chosen coin when they need it whenever they want, no lock up, no unlocking period.)

BlockWallet could integrate with AAVE, Compound or MakersDAO to enable users to earn a sustainable ~2% APY on their stablecoins (USDT, USDC, BUSD and DAI).

image

These 3 Protocols have been around for a long time, and have been battle tested, meaning that users that would like to use this feature through BlockWallet, would have a ''low risk'' yield generating strategy for stablecoins that would, otherwise, just sit there in their BlockWallet, not earning anything.

The important thing here should be that, IF a user decides to use this lending feature, the user should be able to unlock/retrieve their funds from straight away whenever they need these funds.

BlockWallet could also monetize this new feature, by asking a 0.1% or 0.2% fee (the lower, the more attractive) each time the person interacts with the lending smart contract, when looking to lend, and when looking to unlock their funds to use them afterward.

BlockWallet would become more than just a Web3, Privacy focused, hot wallet.

It would become a Privacy focused Ecosystem, built around one single Web3 wallet.

// If BlockWallet decides to implement this feature, please contact me through my Twitter to talk about royalties or product agreement deal, as this feature could create potential extra revenue and product growth for BlockWallet.

https://twitter.com/Leveluptrading

Thank you for reading through my Feature Request Idea.
I hope you see the potential behind it like I do.

Greetings,
Level Up Trading.

@LevelUpTrading
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Seems like MetaMask had kinda the same idea, except that they went for the ''one-click'' Ethereum staking option.
https://watcher.guru/news/metamask-launches-staking-beta-with-lido-and-rocket-pool?c=342

I truly believe that the feature I shared with you above can be a really beneficial one for BlockWallet and the people using it!

@julianariel julianariel added the enhancement New feature or request label Jan 16, 2023
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