Greetings 1Inch community.
Let me propose to discuss the idea about new extra utility for 1INCH token.
I am active participant in several defi protocols governance and there is one of my favorite - Opium protocol , which allow to anybody create decentralized derivatives.
In fact 1Inch & Opium already in some kind of “relations” as there is even two native pools with $OPIUM governance token on 1inch platform:
So, I propose to expand this “relations” further… and leverage some of OPIUM great mechanics to 1INCH token!
To be honest there is plenty of possibilities out there… but I think we can start with simple weekly “Turbo” on $1INCH token. Under the hood “Turbo” is just a vanilla options but with simplified and minimalistic UI.
What is the benefits to 1inch community? :
- For overall 1inch eco this expand utility feature.
- For $1INCH long term holders this is an opportunity to extract more value from their holdings.
- For traders\speculators this is an opportunity to extract more value from their skills.
- For advanced investors this is a tool to hedge risks against $1INCH price depreciation.
More of that, I talked to Opium team recently about this idea and they are approved that it can be done easily (they even can facilitate it) but only if 1inch community really interested in such instrument .
That’s why I started this thread. Please share your thoughts on that idea…