Kane

  • May 4, 2022
  • Joined Nov 2, 2021
  • Hi All,

    (Sorry about the spelling mistake in the title.. I can't seem to edit it!)

    I have been thinking about how we could lower the barriers for non-technical savvy people to experience some of the upside in OHM by simplifying the onboarding process through legacy financial systems.

    I don't have a technical or regulatory background (unfortunately), but was thinking about a simple way of inclusion which would open the gates to a lot more people to the protocol.

    Basically, OHM would operate a number of bank accounts in different countries (US, UK, AU, CA etc). A user would visit the OHM website and nominate how much money they would like to 'stake' as part of their investment. The site would then give them bank account details alongside a reference number to included within the description.

    These funds would be immediately swapped to the OHM token, and automatically staked for the user (minus any gas costs associated actioned by the protocol).

    The user would visit a dashboard and see their growing staked amount over time. If they wanted to leave the stake, they would action this through the dashboard, and the funds (with staked interest) returned to the account which they originally used.

    Does anyone have any comments on the feasibility of something like this?