Allow users to stake (or provide proof of stake of) their Evolution NFT's onto KogeCoin. Compound rewards at Evolution's Polygon farm using the NFT multipliers. In return, KogeCoin may request a KogeCoin pool at EvoDefi.
Review the NFT multipliers here: https://evo-matic.com/nft
This will be the first vault to tackle the challenge of vaulting EvoDefi's tiered reward system, giving KogeFarm an edge. With KogeCoin in the cross-chain DEX, this will amplify the partnership with EvoDefi further if they host a KogeCoin pool - stake KogeCoin, earn GENX.
Note to Kevin and the Dealmakers:
I think it is a fair deal - Koge team does the work, KogeCoin gets a pool. However, also consider the negotiation points:
- The KogeCoin pool multipliers. Lower multipliers will reduce sell pressure on GENX and still be good advertising.
- Leverage if KogeCoin whales start voting for this proposal and Evolution starts to wonder their TVL increase.
- Adding the NFT burn as a vault feature.
- Requesting a special NFT just like Wault got.
- Length of time pool will be active.
I have reached out to EvoDefi to approve the proposal. After some back and forth regarding sell pressure it would cause on their token and alternative options, we decided to go with it in its current form.
Happy voting.