TF Connect App Enhancement: Automated USDC to TFT Swap

#1

TF Connect App Enhancement: Automated USDC to TFT Swap

:sparkles: Proposed Feature: Scheduled Automatic Swaps

We’re excited to announce that the upcoming ThreeFold Connect app release will introduce the ability to purchase USDC directly with a credit card. Building on this functionality, we’re considering implementing automated swapping from USDC to TFT on a customizable schedule.

:bulb: Key Benefits

This feature would offer several advantages for our community:

  • :repeat: Deployment Continuity: Ensure your TFChain wallet maintains sufficient TFT balance to support uninterrupted deployments

  • :chart_with_upwards_trend: Dollar-Cost Averaging: Implement a strategic DCA (Dollar-Cost Averaging) approach to TFT acquisition over your preferred timeframe

  • :zap: Reduced Friction: Minimize manual transactions and enjoy a more seamless experience

  • :bar_chart: Financial Planning: Better budget your ThreeFold resource usage with predictable, scheduled conversions

:hammer_and_wrench: How It Would Work

Here’s a practical implementation example:

  1. :credit_card: Purchase 120 USDC via the ThreeFold Connect app using your credit card

  2. :stopwatch: Configure an automatic monthly conversion of 10 USDC to TFT

  3. :dart: Select your preferred destination (TFChain or Stellar wallet)

  4. :rocket: Set it and forget it - your conversions happen automatically on schedule

:speaking_head: Community Feedback Requested

Initial discussions with community members have yielded positive responses, but we want to hear from the broader ThreeFold ecosystem. Your input is invaluable in helping us prioritize development efforts.

:memo: We’d love to hear:

  • :thinking: Would this feature enhance your ThreeFold experience?

  • :date: What specific scheduling options would be most useful to you?

  • :thought_balloon: Do you have suggested refinements or additional features to complement this functionality?

  • :question: Any concerns regarding the implementation?

Please share your thoughts below to help shape the future of the ThreeFold Connect app! :star2:

5 Likes
#2

This sounds very nice and usefull to go frictionless !

My question would be about the discount system, maybe it could be a way to combine something with this, something like if there is USDC in the wallet that can cover X months of deployment, user got some kind of discount. not sure if it make sense.

2 Likes
#3

Thanks for your feedback! I get your idea and dig it but discounts work for TFChain only. So it would not be possible as USDC is on Stellar. The discounts are incentives for people to hold TFT on TFChain.

2 Likes
#4

There is a discount depending on the number of TFTs owned - I think this is enough.

2 Likes
#5

Sure make sense… Also the swap would be 2 ways ? Could be nice to have also USDC on other chains, Solana first then… the most possible.

Btw, I’m waiting to see what the new Osmosis team “Polaris” app would offer for interconnection, but looks like a way to explore to expend TFT liquidity and interroperability

1 Like
#6

That’s true, user can hold TFT for discount and then pay for deployment from another source without touching the holder bag.

2 Likes
#7

I think that’s clearly possible. I would propose one way swap USDC Stellar to TFT Stellar or TFChain first, as it’s easier to implement for the devs. Then we could expand on different chains and swap parameters based on community demand.

Curious for Polaris too. It looks clearly relevant! Thanks for sharing this.

1 Like
#8

Sounds good ! :handshake:

1 Like