Wasn’t sure where to post this, but just an Idea that crossed my mind.
I know BAT is accepted in a lot of key platforms for lending and borrowing, BUT the TVL isn’t too crazy compared to other assets, so it might not be a priority/added anytime soon.
BUT BAT is growing pretty fast: The number of active browser users per month increased from 11.6 million to 25.4 million. The daily number of active browser users increased by 126% from 3.8 million to 8.6 million. The number of verified content creators exceeded the 1 million mark.
They are also the first browser to implement IPFS. I think this browser will just continue to have strong healthy growth over the months.
SO I was thinking if it was possible to reach out to them and offer IDLE protocol directly in their brave browser wallet. It would allow users and the 1 million content creators to easily or even automatically invest their BAT rewards to earn the best APY across all DEFI platforms, instead of just having it sit in their wallet.
Like I said, I know the TVL for BAT isn’t anything crazy, but BAT will grow overtime in users. (I would personally use this mechanism right now if I had the option)
It would be a win win for BRAVE and IDLE, especially if we get the B2B referral system in place soon.
Brave can give users a simple toggle option directly in their brave wallet, that would allow rewards to easily be injected into IDLE, which then gets users the best yield across defi automatically. AND with referral system in place, brave would earn a portion of the 10% performance fee from all their users, which would allow them to build a treasury or w.e else they decide to do with funds. Its like a built in savings account on your browser.
IDLE benefits because we get increase TVL, a ton of free exposure because of Braves userbase (all of them would see it and likely use it), and it goes well with the entire decentralized movement. Also all the users would end up seeing and checking IDLE out…and many ppl that use brave browser also likely hold other assets that they would want to put in IDLE after they discover it.
I see zero cons from this imo - Only that APY is fairly low compared to others assets; I think on compound it was 2.7% + 6% in compound rewards for supplying and places like Aave were 1.1%. Also would need to create a wrapper for it. But just for the exposure alone, it would be pretty massive.