The last lecture from Lars available on youtube was really interesting because it digs into a topic favorite of mine: Native token.
As you all know, on the eth blockchain, most of the defi projects are based on their tokens On eth, they standardized as ERC20 tokens.
I believe the native token functionalities will be really beneficial for Plutus developers.
Even if I know it’s still very early in this stage, after looking at the different examples in the lecture, I had one important question:
Will we able to get rid of the min-ada requirement for transferring tokens, or at least make it transparent for service providers and end-users?
For a reminder, at the moment when transferring native tokens on the blockchain, we need to send along a min ada value for technical reasons
The question is can it be subject to change?
Having such as constraint can be a burden.
At the moment min ada is around 1.4 minimum, of course, users can sent back this amount after receiving the ada, but then you pay another transaction fee.
I’m not trying to be critical, but more pragmatic.
Having this amount to consider is an issue, especially if ADA prices rises.
On the plutus side of it, the only solution I envision so fart, is that the “smart contract” do that automatically.
Once interacting with the Plutus script, there is an automatic approval that after receiving the native token, and the offchain parts sent back the min-ada value…
I might be wrong, and I don’t know if technically this will be feasible.
Anyway, don’t hesitate to share your thoughts on it and let me know if there is a completely other ways to solve it.
PS: I have read some pitch decks of some futures services which claim that they can transfer native token directly… but … I guess it’s just the marketing…