What if DUST was based on buying up seed phrases for small accounts, or accounts with hundreds of distinct tokens with low balances. You could create a kind of index fund on the one hand and make DUST the consolidation token.
So, I log into say Atomic wallet on a virtual machine and our smart contract verifies the seed phrase and changes it > checks the balances/coins/tokens that are visible/ recognized (ignores those that are not for now) > pays the client in ERC20 DUST that they can hodl, sell or use on Flashstake etc etc > kick back to the wallet issuer for reverse compatibility/ > We are left with a highly diverse index ‘DUST’ or simply leverage our onchain consolidation/ liquidity by pre negotiating with wallet providers.
I’ve been kicking this idea around in my head for a while so I’d love to hear thoights, this could be massive. A lot of people have hundreds of distinct tokens in wallets with tiny balances. It would be handy to have the option for people just wanting to consolidate, it won’t just be DUST in the end.