Account Recycling Contract (1000 Gold)

[mikera]

One of the interesting capabilities in Convex is the ability for Account to be transferred between owners (like any other digital assets), since the public key associated with the Account.

The bounty is for a secure smart contract that buys and sells Accounts automatically, enabling these to be recycled.

Requirements

• Must allow users to "buy" an Account from the market (or create one if not available)
• Must allow users to "sell" an Account back to the market
• Market price must increase when less Accounts are available, decrease when more are available (probably with a "bonding curve")
• Accounts sold to the market must be cleared in a reliable and well-specified way to make them usable for a new owner. Use of undef, set-controller and set-key probably required.
• Must have consideration for all possible security and cryptoeconomic risks
• Must have comprehensive tests and documentation
• Must be submitted and accepted as a PR on the Convex main repo (https://github.com/Convex-Dev/convex)

[rosejn]

This is an interesting idea. In addition to "recycling" of accounts, this ability to transfer account ownership could also be a mechanism to share complex defi strategies. For example, you could imagine someone might take $10,000, and deploy it into a variety of smart contracts according to some strategy. Then sell this account for $10,000+fee to someone else who just wants to adopt a proven strategy with some known (or at least proven in a recent time period) returns.