I’ve raised this before but I figured I should formally submit it here.
I propose adding the Bshare/BNB LP to Max.Bomb. I feel the benefits of this have been somewhat overlooked.
- Adds utility for Bshare. Gives Bshare holders somewhere to park their token (Supply) when under peg.
- Provides deeper liquidity to the pair.
- Let’s degens degen. If this entices users to LP their Bshare this means a) less Bshares in the Boardroom (bigger prints for stakers) and b) again, deeper liquidity on the Bshare/BNB pair.
- Liquidations. This is a very risky pairing. However, we are all adults. Leverage comes with risks. Obviously, a liquidation of Bshares doesn’t hurt the protocol near as much as a large liquidation event on Bomb.
If liquidations are a concern, leverage parameters could be narrowed to max 5x (or less).
In the case that utilization of Bshare is near 100% Bshare holders will be “stuck” earning insane APR. With Tshares (in Tomb), it often pays more than the Masonry to leave the Tshare staked in Tarot.
I understand the primary focus is on providing utility and value to the Bomb token. I think additional utility to Bshare achieves this indirectly by increasing Bshare price resulting in higher APR’s on the farm.
Regarding BNB I don’t think there will be any issues at all attracting deposits.