Are there any incentives to keep a mint honest? For example, if a mint charged a small fee per day or month it incentivizes them to not rug their users since they’d lose revenue.

Are there other ways? Forced transfer to a random mint at random intervals?

Reply to this note

Please Login to reply.

Discussion

We're working on fees! Most mints will have fees because it's the best form of DoS protection.

There is a way to force regular bank runs on the mint that help with proof of liabilities, but we're still early with this: https://gist.github.com/callebtc/ed5228d1d8cbaade0104db5d1cf63939

Great stuff, thank you for all the hard work!