Hello everyone,
I am not very technical so I don’t know if it’s something possible, but isn’t it possible to create an optional mechanism at the stack’s level, where blockchains using the stack could automatically send to the hub those small quantities of tokens that create UX issues, while being incentivized for it to encourage them using this service.
May be something like : when on the whole blockchain, the value of non native tokens that are not more than 1$ per wallet and have not been used by the wallet for the past 3 months, reaches 1000$ in total, it is automatically sent to the cosmos hub (using just one transaction to optimize fees, may be a transaction payed in atom ideally), and may be the cosmos hub could use a mechanism to generate revenue from this, while keeping those token liquid in case the wallet want’s to use his 0.005 chihuahua token. May be put this money in a vault or some similar mechanism.
The revenue generated by all these dust of tokens coming from all blockchains using this service could be redistributed (in ATOM maybe) to :
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the wallet that has those tokens (would be dusts but its his/her money so it is normal to redistribute to it)
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the blockchain using this mechanism, to encourage them to use this service
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the cosmos hub, generating this revenue
It would be a way :
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to reduce the UX issue, regrouping all the dust on the cosmos hub
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to create a new revenue for blockchains while using inactive money that stays on their chain for nothing
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to generate revenue for the cosmos hub through a new service and some transactions that could be paid in ATOM
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to let ATOM capture value from the growth of the cosmos
But :
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I don’t know how we generate revenue from this once it’s on the cosmos hub, I just assume as it’s money, there is some mechanism(s) that could be used
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I don’t know if it’s technically possible to automatically take these small amounts of tokens from wallets to transfer it to the hub without a form of authorization from the wallet (may be one signed authorization from the wallet that would allow the cosmos hub to take care of his dusts, but ideally, without authorization would be great)
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I don’t know if blockchains contains thousands of dollars of these dusts on their blockchains, I guess it depends on the blockchain
It is just an idea, I don’t know if this mechanism is doable, but maybe it could create some possible ideas to people more qualified than me. Finding a way to generate value from the unused money of the cosmos.