Sometimes the product is ready, the team is ready and the users as well.
But then, they meet CIP-116.
To maintain a Featured App status, they need to continuously lock CC or they’re an Asset Issuer.
Millions of CC that could have been used to grow are sitting idle.
So instead of using it's own treasury, the Featured App can connect with a CC supplier through Cashen.
The supplier keeps custody of their CC and delegates the lock to the apps.
The Featured App gets the required lock without having to tie up it's own capital.
And if a supplier recalls, Cashen substitution process helps keep the lock active.
So the next move for Featured Apps is simple.
Now how do we secure the lock while keeping our capital productive? @Cashen_cc
