I wanted to share a defi token idea I had that I wanted to share:
DefiMoneyMarket is an interesting approach to bringing real world assets on-chain to Ethereum and their token model allows for a DeFi centric approach to a token while maintaining the stable earning of real world assets. DefiMoneyMarket had created a Goverenance Token which currently has no emission for the participants of the DMM.
However, the mDAI/mUSD/mETH tokens that underline their system could be wrapped in a CHAI-like manner; and maybe those earnings could be converted into Governance; what I like about this is that the tokens’ purpose is still aligned with the original protocol and just simplifies something you could do yourself.
What is interesting is this Governance-interest bearing tokens could, as always, eventually have its own secondary market or be plugged into another DeFi protocol.
Just wanted to share; and maybe inspire someone with more free time than myself!