I was wondering why, in the current implementation, bonds, as they are supposed to work as a debt tokens, are not emitted as ERC20s ?
I feel like purchasing those bonds should lead to two different operations : 1. purchasing ERC20s - the share of the debt that users sell to EthStrategy that may eventually automatically compound interests (though that may be technically difficult if the interest change changes from time to time) and that should be liquid and tradable on secondary markets 2. a non-liquid conversion option - maybe in the form of an NFT, that could also be traded - that could be burnt, alongside the initial amount of the debt ERC20, in the case the user want to convert theses ERC20s against $ETHSR when the time comes.
I was wondering why, in the current implementation, bonds, as they are supposed to work as a debt tokens, are not emitted as ERC20s ?
I feel like purchasing those bonds should lead to two different operations : 1. purchasing ERC20s - the share of the debt that users sell to EthStrategy that may eventually automatically compound interests (though that may be technically difficult if the interest change changes from time to time) and that should be liquid and tradable on secondary markets 2. a non-liquid conversion option - maybe in the form of an NFT, that could also be traded - that could be burnt, alongside the initial amount of the debt ERC20, in the case the user want to convert theses ERC20s against
$ETHSRwhen the time comes.