I like it. It has transparency.
The redemption page says:
The Redemption Process
To redeem your tokens, you must have an approved CACHE account and provide an Ethereum address that holds CACHE tokens you wish to redeem.
You can select any parcel for redemption as long as the pure gram total of the parcel is equal to or less than your CACHE Gold token balance. During the checkout process you can choose to:
- Pick up your parcel(s) at the vault (only available at some vaults)
- Ship your parcel(s) to your mailing address (this incurs additional costs)
- Sell your parcel(s) to a liquidity provider that accepts gold deliveries at the vault
Once you submit your redemption request, CACHE will reserve the parcels for 10 minutes in order to allow time for payment of the balance due. If you fail to send the full balance due within the time limit, the redemption request expires and any partial transfer received will be refunded to the originating address.
What does it involve to create an account on CACHE, KYC I assume?
By your estimate, what would it cost on average to ship: 10g, 100g, and 1000g to different locations around the world? Do you have a table for countries and shipping costs?
What should someone do if it isn’t feasible to ship to gold? I assume selling it to a liquidity provider would be an option. Are there option to do this today, and if so how?
4.(A bit off-topic) Any plans to add Silver, Platinum or Palladium?
I would love to see tokens representing 25% each of Gold/Silver/Platinum/Palladium being exchanged by Curve in the future, but that would require at least two of these to exist…
I think Silver, Platinum and Palladium pools would be much simpler to implement on Curve and would prefer to see it done as fast as possible seeing how inflation will hit the dollar sooner or later in the coming years (probably sooner). Diversification is a must but we can’t just rely on BTC, ETH and other cryptocurrencies since they are in the same basket. The same goes for fiat currencies.