This is a collection of my ideas for integrating the VRT token into the Venus ecosystem. I believe these ideas help bridge the gap between
incentive and utility.
These ideas are in no perticular order:
The VRT Utility Ideas
1.) Holding a minimum amount of VRT in your wallet gives you exclusive early access to new coins/tokens that you can borrow/supply.
Example: holding 50k VRT in your metamask wallet will give you excluse access to borrow/supply for the token AMP, THETA, etc. Everyone else that doesnt have VRT held in their wallet, will get access to the AMP, THETA, coins/tokens 24-72 hrs afterwards.
2.) Holding tiered minimum amounts of VRT in your wallet, you will get a discount on borrowing any of the available coins/tokens.
**Example:**Holding 50k VRT gives you a 1% discount off of the current APY.
Holding 100k VRT gives you a 1.5% discount.
Holding 150k VRT gives you a 2% discount.
(**Example:** Borrowing SXP - Current APY 1.68% - Holding 150k VRT - 2% Discount: 1.68 - 2% = new borrowing APY 1.64%)
3.) Holding a minimum amount of VRT along with XVS gives you more weight when voting.
4.) Holding a minimum amount of VRT gives you access to NFT and new coin/token airdrops.
5.) Paying back a percentage of your loan via VRT gives you a discount on the amount you have to payback. Also paying back a piece of your loan via VRT will have 50% of that VRT burned.
6.) If Venus has an NFT Marketplace, VRT and XVS is used to buy/sell on the marketplace.
A.) However, Holding VRT in your wallet, gives you a discount when buying/selling.
B.) Paying via VRT when listing your NFTs; a portion of your VRT fees get burned.
7.) Holding a minimum tiered amount of VRT helps to reduce your risk of liquidation.
Let me know what you think.