Staking stable

Someone in the discord chat came up with the idea of staking stable coins (sgrida was his discord name), so that the market value can not be manipulated by whale. I’m posting it here so the idea is not lost or forgotten.

Someone can stake say $MIM and get $sMIM back (like a reciept). That $MIM goes into the treasury like a non-diluting mint. The treasury grows from investments, paying rev share back to $sMIM/$sUSDC/etc holders. When someone unstakes $sMIM, they have to wait 5 days or so to get their $MIM back out of the treasury. Because the treasury is not liquid as it is locked in investments.

Not sure if this idea can work. Just don’t want the idea lost.

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