Advanced Token Actions
I presented a design concept called Token Actions that makes crypto easier to use by removing the concept of dapps and attaching actions directly to tokens. Token Actions are extensible, so they work on groups of tokens as well as individual tokens. We are going to cover 6 advanced Token Actions to see how users would interact with more complex DeFi protocols.
Borrow
Use ETH as collateral to borrow LUSD. LUSD is an overcollateralized stablecoin.
Farm
DEGEN + ETH pair that rewards you in AERO tokens. AERO is the governance token for the Aerodrome decentralized exchange.
Pair
Lock SHIB and ETH in a pair. This facilitates self-custody trading by providing liquidity for users to swap their tokens for yours
Pool
MAXI + BASE + TRIO + LUCKY + DECI pool. This operates similarly to an index, maintaining a ratio of the elements in the pool for the Maximus DAO perpetual contracts.
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