With USDC’s low volatility, deep liquidity, and huge growth potential, it's ideal for both restaking collateral & NCN payments alike - read on to find out more!
Good take on the stable coin aspect! I was having these thoughts myself on the Ethereum side of things. Definitely would make it more accessible for institutions to engage, but might be more expensive for the projects to pay rewards in hard cash rather than their own tokens?
Yeah I think it could be a nice, understandable reward mechanism for institutions to get real onchain yield.
And as for paying out, there are certainly trade offs there. Is paying reward in cash harder than a native token: yes absolutely. But, if you're able to pay out rewards in USDC, you've likely got clear product-market-fit, and you could potentially hold off on the token, only playing that card if. you really need.
Tokens can sometimes create the delusion of PMF, but of course they can also be a powerful bootstrapping mechanism. The whole reward payout system for restaking is still so tbd
Good take on the stable coin aspect! I was having these thoughts myself on the Ethereum side of things. Definitely would make it more accessible for institutions to engage, but might be more expensive for the projects to pay rewards in hard cash rather than their own tokens?
Yeah I think it could be a nice, understandable reward mechanism for institutions to get real onchain yield.
And as for paying out, there are certainly trade offs there. Is paying reward in cash harder than a native token: yes absolutely. But, if you're able to pay out rewards in USDC, you've likely got clear product-market-fit, and you could potentially hold off on the token, only playing that card if. you really need.
Tokens can sometimes create the delusion of PMF, but of course they can also be a powerful bootstrapping mechanism. The whole reward payout system for restaking is still so tbd