By ergoforum.org on November 12, 2019
The following idea is motivated by the paper “The Yield Protocol: On-Chain Lending With Interest Rate Discovery” which uses the Ethereum model. I think the same thing can be implemented in Ergo in a possibly easier way. The following uses the idea of “zero-coupon bonds”, which are essentially tokens issued by a company at a discounted value (at 0.9 USD per token, for example) and redeemable at 1:1 rate after some future date. While in the real world, such bonds are backed by the trust of the ...