Receive NIM staking rewards in BTC or USDC/USDT or both!

#1

NIM price is historically low, with not much room below. That lends itself to potential new comers into the NIM token. Most importantly - like Coinbase is doing with its USDC deposits - a staking reward in USDC or BTC is quite enticing to many to take advantage of a high return and the setup to automatically develop a portfolio of stablecoin and/or BTC to offset volatility and “for the next bull run”.

NIM’s current staking return of +/- 12% is super enticing to those who enter at this price level if the rewards could be provided in the form of USDC or BTC or both? And the wallet already supports them. And it could be really appealing to a lot of other crypto users who flock to Coinbase, etc., for BTC/USDC rewards on their deposits and Credit Card purchases. Is this something that could be implemented soon by the Team?

Just another angle to drive adoption for the Nimiq ecosystem… and something I’d want to take advantage of.

#2

In my opinion it’s not a good strategy to downgrade our token (Nim) in favour of USDC or BTC. If new people, by your own scenario, were to enter at cheap prices, in their mind Nim would be the winning horse, and definitely not to be sold for BTC.

I would rather encourage the spending of staking rewards directly on Bitrefill via LN.

#3

I understand where your argument is coming from. But, in a way, once could make that same argument for even having USDC and BTC in the wallet to begin with. The choice of how to receive staking rewards could be left to the user - to the market.

Let’s ignore the cheap prices for now, and the high rate of return at the moment. Something to consider for adoption that Nimiq could also offer - there is a reason credit cards are coming out from some of the big exchanges with BTC or USDC cash back, and are super hot. This is automated and is a very enticing way to think of being in the BTC game - or leveraging the USDC stablecoin in staking returns as a hedge against volatility. It’s another somewhat exciting incentive to be in the crypto market.