Getting the conversation started on introducing some sort of utility whether that be staking, emissions etc… A protocol’s governance token with no utility or usability is rhetorical for having it in the beginning.
1 Like
How about a ve-model where locked $strdy token holders can vote on emission weights or impose a low % fee on the yield the silos provide and those can be accrued directly by ve token holders. possibly both in conjunction? This would create more demand for $strdy and thus increase the yield for lenders.
1 Like
Yeah this would be a great building block first step towards creating demand and utility for the strdy token. The token price has already been bombed so in order for some sort of damage control I’m assuming the emission has to be somewhat worth it for new investors to be on board. Some good marketing and leveraging the connections they have with t1 vcs such as ycbank and paterna would also be a great selling point. Cause right now how people see it is how does your own protocol not even accept their own token for yields or vest? Why would the thought of buying even come up in their heads. Here is a simple analogy: It’s like founder of strdy going on shark tank trying to advertise their product (in this case let it be $strdy token), with nothing to pitch to the sharks (no actual plans or usability), but you’re giving free samples of something that doesn’t even work left and right (aka the free airdrop). Of course with no actual purpose of the product, there will be no demand and hence the reflection in 80% free-fall loss in 24hrs.
It’s also worthwhile to note that even without usability there was definitely attention on strdy as we saw many 6-fig whales ape yesterday as they know of strdy. They have since left with major losses, but with the steps mentioned above taken into account, this would definitely help bring new investors and just eyes in general back onto strdy as a token, and overall as a protocol.
The team should work as fast as possible on some sort of damage control to the token (which can be easily accomplished by implementing some of the suggestions above), because if the $strdy token dies, so will the protocol for various reasons. As they say, the captain always sinks with the ship; or the apple doesn’t fall far from the tree.
1 Like
the crvusd and pxeth silos are were incentivized with rewards stemming from curve and dinero/butterfly. They were matched with sturdy tokens on top which i think is a great idea to onboard new products and create partnerships. Imo it is in the best interest of sturdy to increase the value of $strdy so we dont have to give unreasonable high amounts of strdy as rewards. Would really lile to get sams view on this. He mentioned on discord that he likes prismas vemodel. If one of us proposes to introduce the same model, what kind of implications does this have? Is this technically feasable? Would be great if Sam would chime in here 
There’s definitely value investors see in the incentives you mentioned through curve and dinero/butterfly. Also I 100% agree with the fact of increasing the value of $strdy so the amount given won’t totally fuck up the economics of the coin. As the token price is basically bombed right now, something has to be introduced to make it bullish or worthwhile to investors sidelined, maybe providing a greater incentive amount for earlier stakers/vesters, and slowly decrease as the value of the token starts to increase.
Also taking into consideration the v model where investors who buy and vest their $strdy will gain emissions in VSTRDY which can be converted back to $strdy but there is a small fee to do so. This model not only guarantees demand/interest but will also give the team an extra revenue source to buyback and burn the token, which is another selling point in creating demand. This is the exact model Camelot DEX implemented on their native token $GRAIL which ballooned their token from 100 something dollars at launch to around 5k at it’s peak, and a currently TVL of 132m. Remember if the $STRDY token does well, so will the TVL of the protocol.
1 Like