OpenDAO / USDO Project

TO: Logan F

CC: Ravenites

Thanks for sharing your proposal on Revencoin reddit. Me personally I have a serious SERIOUS PROBLEM with any coin that has an ICO/IPO that is not backed by any real asset in real life (Tangible). The ICO/IPO was supposed to raise funds to companies from the general public (besides taxes and other means) to further expand their operations/investments. In the Crypto world, if I know that any coin has a CEO/CO-CEO/CFO/CFF,CRO, Compliance manager/ IT MANAGER/ IT LEAD/ etc etc… I WON"T INVEST IN IT (This is just me)

This latest ETH burning IEP 1559 to challenge BTC is a desperate move for coin appreciation. The second thing is POS (Proof Of Stake) where you can lock your funds as a deposit and earn interest on it (Interest coming from where, are they going to take those funds and buy and sell cars), or take money on smart contracts (fees?)

If I get to know that Ravencoin will further change their pattern to go POS or develop a new system on the existing platform, this is where I'll personally lose FAITH in the project! Let's face it, I am here to make money by mining/buying a coin that resembles Bitcoin and it was fair for everyone to buy/mine since launch and it will either:

1- Appreciate in value with time due to inflation.

2- Coin will be scarce due to demand/mining .

3- Large institutions jumping to hoard raven coins and probably Central Banks in the future (Bruce Fenton, when will Morgan Stanley buy Ravencoin?)

So screw all the DeFI developments and other nonsense , the coin is solid per se, and any development that takes place it will take place on the owner RISK and in another platforms. Simply, no need for further development on this project unless there are bugs etc/ hacks/vulnerz etc.

Your concept is not bad at all, it seems to me that you are trying to do a REPO/Reverse REPO kind of arrangement but usually this happens when a company needs money they loan their securities and borrow cheap funds which can be offset by interest rates owned on the original securities which are owned by the company. But in this case the securities are held as a collateral(security). So I am not sure what are you trying to achieve here?! Are you trying to get funds or are you trying to lend funds by minting the USDO! Anyway, this is risky and it has a counterparty risk which you have stated in your case by hacking/losing the custodians money or simply (Corzine) the ravenites and other coins, but it's very positive where many coins come together.

Regarding OmniFARMS, I am not sure how the RoboCop OCP system works, but it seems you leverage reinvest in the rewards which comes from the first farm to the second farm or the LP tokens from pancake swaps (Not a technical geek) but if this helps people to earn more money or ravens then why not (or any other alt coin)

Wish you the best of luck in your project.

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"ALONE IN MY RAGE" Life Stealer.