I have been thinking about various ways we might generate additional value for ren nodes. Certainly our integration strategy must be central to increasing volume, and being plugged into the growing multichain ecosystem. However, another possibility might be to allow darknode operators the option to deposit and invest in various yield generating vaults prior to withdrawing them.
There are many reasons why some node operators may not want to claim, withdraw and then reinvest their node rewards. Some jurisdictions, for example, may tax node owners only when their rewards have been withdrawn to an address they directly control. Other operators simply may not want to incur the gas fees to make multiple transactions if they have an option to auto invest in various yield-generating opportunities.
Would it be possible for the Ren team to enable these opportunities with some of our strategic partners? Examples might be KeeperDAO which offers decent returns on renBTC. Other partners might be Rari Capital, Curve or Badger … and this list is growing rapidly as more well-run DeFi players emerge.
On top of this idea, it may also be advantageous for the ren team to take a very small fee to actively support these yield-generating opportunities. Support in terms of integrations, updates, testing/vetting, etc… The idea is to keep this sustainable and current with the latest yield opportunities and perhaps also support the team’s treasury to better position Ren more generally.
Would love to hear thoughts around this, and if this idea has potential.