Liquid $DOT- (lcDOT) UTILITY:
1. Holding lcDOT - can do nothing - in 2 years get all your DOT back [HODL]
2. Can transfer your lcDOT to other accounts [TRANSFER]
3. Can trade your lcDOT to DOT or Stablecoins or any other assets [TRADE]
@AcalaNetwork
@bettechentt
@danreecer_
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- Can be used as collateral for stablecoins (leverage buy more dot / participate in other crowdloans)
- Protocols built on Acala (money markets) - lcDOT could be collateral you use to borrow other assets
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- lcDOT Discounts - hard to do price predictions - should be 100% of underlying DOT in 2 years, but there could be a discount initially (based on Supply & Demand)
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@analyticalali
@AcalaNetwork
@bettechentt
@danreecer_
May be a stable >45 $ should be fare value considering the crowd loan hassle u save by just buying lcDot from someone. Just a guess.
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@analyticalali
@AcalaNetwork
@bettechentt
@danreecer_
If I receive 600 lcDOT, can I use them into another crowdloan? For example moonbeam?
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