Hey Cryptolovers!
I assume I'm not the first one to have this thought, but I've long wondered why DeFi projects are using Medium as the source for news instead of a chain supported platform like Hive. The community here is well versed in Cryptocurrencies, Finance, and the future of the space and would welcome this with open arms. But perhaps even the bigger advantage would be the use of the reward system and integration of rewards into the DAO treasury.
Over the past month I have been fortunate to have been invited onto the dev team of two separate DeFi projects and I am pushing hard to have the teams use Leo/Hive as the source of updates for investors. I sat down yesterday to flesh out some of the strong arguments for this case, the obvious being the strength and sophistication of the community already here, but it was when I arrived at the rewards that I started to think of the possibilities. Much like on Hive, most DAOs have a treasury by which they are able to deploy the funds for various use cases as determined by the DAO. The balance of the treasury in most cases either comes from a pre-determined amount of "locked" tokens at launch, or the generation of stable coins similar to HBD. These funds are usually spent marketing investments, enhancing infrastructure or launching new products. As a member of a DAO, you will be asked to vote on the use case for these funds, but rarely do you think about the possibility of generating more, especially through passive income like something as simple as posting your news and updates.
IF we here on LEO / HIVE can start convincing other DAO communities to bring their news and updates here, to have their followers interact with their posts, and help them generate rewards by which they can restock their treasuries, it is a win for all. For example, the community account could choose to take the stable coin generated as rewards and sweep them into their accounts. This could then be used in a myriad of different ways: creating buy pressure for their own tokens to drive the price, investing in marketing campaigns or community actions, distributing rewards to DAO members, or funding the launch of new products. In a dream scenario, as developers of other DeFi projects start to see the advantages, we could see greater integration of other tokens here into the Hive ecosystem. The advantages of the frictionless transactions, dapps and community here are likely to be attractive to most developers who struggle with the sluggish Ethereum network.
As a member of the community here, this would be an added strength, for we could drive more interest here from people passionate about crypto and investing. They would be likely to create accounts, invest in HIVE/LEO to power up and then help drive rewards into the treasury. I would like to propose that members of the community come together and outline a series of arguments that can be made to different DAOs and DeFi developers. We should make it easy and simple for them, clearly outlining the advantages of maintaining a presence here and encouraging their community to interact with their content. Ultimately we are in a fight for the future of decentralized social media, and as a Hive maximalist, I believe that we must be proactive in attracting talent and other projects here.
Thus, if you have any thoughts on how we can build a strong argument - outline our points in a short presentation and then begin an outreach to all of the developers and DAOs within reach, I would be happy to hear from you. Also, if you know others in the community who are already doing such a thing, I would be delighted to connect with them and give my support in whatever capacity I can.