RFP-47: Improving Novin's Proposal

You can read more about the issues of a Secondary Market and Dollarization in my response here: RFP-47b: Debt Token Issuance to Recapitalize Depositors - #8 by Novin

Aside from that, an LP secondary market is incompatible with my proposal since loans are also involved. You could sell your collateral rTokens while having a loan and never have to pay back your loan. It might be feasible if a user had no loans, but then you can throw out my entire proposal.

A @TheGames style secondary market (not LP-based) could work and would address some of my concerns. However, it is quite engineering-heavy, and I’m uncertain how quickly it could realistically be implemented.

Additionally, the goal of “allowing speculators, partners, or other parties to recapitalize RDNT” is already achievable in my proposal. Anyone can deposit funds into the contract to earn RDNT rewards, and we can significantly increase these rewards if necessary. It’s also possible to offer OTC RDNT rewards to major partners to encourage them to deposit into the contract. And they would get back their deposits later.