Ryan here from Solv Protocol!
About 2 weeks ago, we had 2 AMAs both in Unslashed’s Discord and Solv’s Telegram. Today, I would like to submit this proposal to have Unslashed be the first protocol to issue a Convertible Voucher.
As the second member of Solv’s financial NFT family, Convertible Voucher is a structured product that can be converted into a predetermined number of tokens or stablecoins under certain conditions.
Essentially, it features a flexible payout mechanism based on multiple release parameters including the future trading price of the underlying asset and a bond range. Detailed information can be viewed here.
As an asset class, Convertible Voucher allows voucher issuers to borrow money with its own tokens as collaterals with no liquidation risk. For investors, they can get a higher APR than Aave and Compound. Meanwhile, as long as the token price doesn’t drop below the lower range, investors will enjoy a buffer protection of their money. When the token price breaks through the upper range, investors could enjoy a certain upside.
The goal of Unslashed Convertible Voucher is to avoid conversion at maturity. Unslashed will eventually return stablecoins and investors could receive higher APR than Aave and Compound under the same condition. Unslashed can use the borrowed money to expand business.
Learn more about the Convertible Voucher
You can also view the AMA at Unslashed Discord AMA session: #solv-convertible-voucher-ama