SMART Yield Seniors could essentially be used as a fixed rate vesting stable coin asset.
For certain kinds of payer > payee contracts it can be used as a way to pay up front for work that may go for some time into the future. So SMART Yield Seniors could act as a “proof of funds” that the payee would receive sometime in the future for work yet to be completed in the future.
All in all this could remove some level of counterparty risk for fixed fee type contracts like salaries. More simply it could be a simple interest bearing solution that could apply to various kinds of use cases.
This is but one idea.
The thing that has been bouncing around in my head is that it may not be enough to create the base products (SMART Yield Seniors, Juniors etc). We may have to actively package these base products into turnkey solutions built on top of them.
So SMART Yield as the base for a portfolio of solutions > SMART Salary, Smart Pay, Smart Treasury etc
So thinking about things from the point of view of the various user types, and then engineering solutions that build specific UI’s for specific use cases.
So I have an idea to develop and sponsor a hackathon around this, basically for UI’s to be built on top of SY. We could present a few ideas that teams could tackle and also leave it open ended for other ideas to come with their own ideas.
It would be a way to engage the wider DeFi community by encouraging teams with a financial incentive. It would also widen the scope of technical teams thinking through bran new solutions.
Actively attracting more builders into the BarnBridge ecosystem would be a net positive.
Per @lordtylerward it sounds like SMART Secret would be a big enabler of new solutions. So it would be appropriate to wait for its release to enact a plan like this.
Just wanted to start the conversation and begin to gather community feedback and input that could feed intro crafting a program we are able to run with once SMART Secrete is in place
Derived from a discord exchange that started here: https://discordapp.com/channels/748538797662273636/751179180053364830/854729812526628874