Lots of work (and thought) has been put into this, and I am hoping to have this be a core protocol our team at Project Hydro develops at the open source layer throughout 2020.
I'm massively bullish on DeFi, and this is just a testament of where I see the community moving, and our project in general.
For those of you who don't know, Snowflake is a DID management protocol that was developed over a year ago, and is (in my opinion) the most powerful smart contract for DID management, and enabling people to build products on various verticals, while having an identity layer between the product layer and w3. What many people don't realize, is that you are able to build smart contracts, similar to what we have done with Hail (https://github.com/HydroBlockchain/Hail), which tap into Snowflake IDs, enabling you to further the ecosystem that we are creating.
Foam is proposed to be an ecosystem where CDPs are created in the form of securities (financial instruments) like APPL, GOOGL, TSLA, etc. Super excited about what the future of what we are building holds for all of us. This is called an HRC, which stands for "Hydro Request for Comment", similar to what Hail was, and I look forward to your feedback and thoughts on what I have put together.
Enjoy the read, and please.. ask me any questions that you might have- I'm more than happy to answer them. https://github.com/HydroBlockchain/Community-Brainstorming/issues/63