CMP-2022/1 – Multi-Asset Vault

We are exploring adding more assets to the Gravity Vault to hedge the risk of being a single-asset vault.

Our longer-term plan is to be a dynamic, deflationary, community-voted, asset accrual machine. Possibly managed via an Index and a Pool managed via voting (think on-chain hedge fund) spanning over different blockchain networks (Multi-Chain). However, this requires several structural code changes, advanced testing, and auditing, so it is further out on the roadmap.

In the interim, however, adding BNB to the Gravity Vault is achievable in shorter time frames.

Although BNB does not pay the staking yield that CAKE does, it is deflationary (as opposed to inflationary CAKE) and should provide more stability and growth for the protocol over the long term than a vault that contains only CAKE.

Initially, 5% (which can be dynamically adjusted) of the collected BNB (every transaction will collect BNB) will be paid out to Diamond Claw NFT holders every 3 days to compensate for the slowdown in staking yield received from CAKE. We are considering paying out to active DC5 (2.5%), DC4 (1.5%), and DC3 (1%) holders.

But before we go ahead with this, we want to put it to a community vote.

SIDE NOTE In the future, if for example a successful algorithm interest-bearing stablecoin is added to our Multi-Asset Vault (or any other currency) to increase vault diversification and dividend value, the currently proposed 50/50 split might change, depending on the market and network conditions at the time. This could be a 40/40/20 or 30/30/20/20 solution (just an example).

VOTING Change Gravity Vault from 100% CAKE to 50% CAKE/ 50% BNB and add a portion of the collected BNB to Diamond Claw NFT dividends?