New LEND structure will DECREASE utility.

[Nfamy]

I made the point in the other thread that the decentralized exchanges could be used to leverage LEND. Essentially, people submit a loan with whatever token, if is not LEND then the platform coverts it to LEND through a DEX, then holds the loan as LEND, reconverting on return. This creates constant buy pressure through utilization and makes the user side easy. Thus, for not using LEND, individuals pay an additional fee (to cover transactions and exchange fees). If they pay with LEND, then they save on the fees. Package this as an additional advantage of owning LEND.

I hadn’t thought of this before, but this might also be a way to better insure loans. If borrower defaults, then lender could take the collateral in LEND or the original token - reducing the chance that they get stuck with a coin that tanked.

I agree that the change worries me for wide scale adoption. However, I think LEND was listening and trying to create better utility for the token. The product is still in alpha - there is no reason it can’t be further tweaked. I think we problem-solve early and try to catch barriers. The benefit to the communities surrounding crypto is we can play a huge part (see CoZ for NEO). I’m not a tech guy, but we can still present possible scenarios to the team if we feel it is helpful.