Nice work! When I heard you did it, I thought you might have done it in this manner (a bit like protocols like yearn etc where token represent value of underlying pool of assets) as opposed to the tricky increase in supply.
Question for people building on matic and wanting their protocols to generate yield, its possible to swap mDAI (matic DAI?) for maDAI on quickswap I guess, but I can imagine the demand would quickly make this not feasible. If you have mDAI and you want to lend it out on matic, we are still looking for a good solution to this problem right? Since for these dollars to be put to actual work they need to be lent out on the mainnet?
Yes, correct. The solution we want is a ton of liquidity for DAI/maDAI pools in Quickswap so people can trade DAI for maDAI, trade USDC for maUSDC etc.
Nice work! When I heard you did it, I thought you might have done it in this manner (a bit like protocols like yearn etc where token represent value of underlying pool of assets) as opposed to the tricky increase in supply.
Question for people building on matic and wanting their protocols to generate yield, its possible to swap mDAI (matic DAI?) for maDAI on quickswap I guess, but I can imagine the demand would quickly make this not feasible. If you have mDAI and you want to lend it out on matic, we are still looking for a good solution to this problem right? Since for these dollars to be put to actual work they need to be lent out on the mainnet?
Yes, correct. The solution we want is a ton of liquidity for DAI/maDAI pools in Quickswap so people can trade DAI for maDAI, trade USDC for maUSDC etc.
Can I use this ATokens on a Dex without risking my deposite on AAVE?