In short, you are asking 1assets holders to swap them for a ONE liquid staking token at a parity of 66% of the underlying and to stake them over a period of 3 years… Where is the repeg in this solution? This is clownish!
As it stands, it’s a big NO.
With the following modified conditions, we MIGHT have thought about it:
1/ rONE will be 100% pegged
2/ rONE can buy back 2:1 ONE (50%) within 30 days
3/ Full value in $ONE at the end of 2 YEARS
4/ APR staking must be guaranteed at least 20% per year
5/ Using a ONE token price of $0.01
To divert the holders of $70 million in stablecoins and the remaining $30 million in blue chips from their original motivation by offering them yet another HRC20 shell is really taking us for fools.