Any interest from the community in tokens that appreciate in value when crypto drops? Yes, it is possible to mint and sell tokens now, but I think also having tokens that appreciate in value during drops would be a useful new primitive because it could be a source of collateral to borrow against in lending protocols. This can’t be done currently with the mint and sell strategy. The token would attempt to track (1 / asset price).
What if we had a mAsset where the value was determined by (1 / LUNA price). This would allow stakers to temporarily adjust their LUNA price exposure without dealing with lock ups nor the risk of managing a futures position on CEXes. There has been talk of including mAssets as collateral on Anchor, so what if you could hodl some of the inverse LUNA token to help offset your price risk on Anchor borrows. It would also be helpful once Mars launches because investors could use LUNA as their main collateral source, and also keep some of the inverse token as well to help mitigate risk of borrowing against it.
An inverse ETH token that really catches on will attract all kinds of downstream interest if wrapped in ERC-20 and put on Uniswap. Other DeFi protocols could leverage this to help manage their risk.