@GMS Well, right now the NEX staking reward is some sort of a dividend. If you want to have an additional source of income over the staking period, Nash would need to adjust the staking contract.
Nash would need to build a contract that mints a synthetic token, every time when you open a new staking contract, similar to what AAVE does with the aToken. In this case for staking NEX Token you would receive the same amount of “aNEX” Token, which grants you the right of unstake your origin stash of NEX. Then you could use these “aNEX” Token as a collateral at other platforms like AAVE, Maker, Compound, Uniswap etc. and lend f.e. USDC and buy another bunch of NEX, staking it again and so on… you get the point.
However, this would require that other lending platforms actually recognize NEX as a collateral. This could be difficult, since staked NEX Tokens would have different lock-up period’s. Imagine, someone wants to unstake his recently earned collateral and finds out, he has to wait another 12 month for receiving his origin NEX Tokens. Although there is also an argument, that he would receive the right to earn the staking rewards (which right now is bound to the personal account).
So in general, I think its a great idea, since it would most probably reduce available NEX on the market which could drive the price up significantly. But it would need some adjustment of the actual staking mechanics.
I wonder if the Nash team would like the idea?!