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KogeCoinKogeCoinby0x3ACC73A5E87c24CDe92c69a52a9db9f5EE55294B0x3ACC…294B

Add GENX, GENX-USDC, and GENX-MATIC Vaults with NFT Staking

Voting ended over 4 years agoSucceeded

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.

How to Vote

  1. If you're bullish on GENX and believe a KogeCoin pool would hurt investors in the GENX vaults, vote for option #1, "Vaults with no KC pool".
  2. If you're bullish on GENX and want to see a KogeCoin pool, because you believe it is a fair deal, vote for option # 2, "Vaults if we get a KC pool".
  3. If you're wondering if spending the dev's time on vaulting a complicated system is worth it, vote for option #3, "No GENX vaults with NFT's".

Happy voting.

Off-Chain Vote

Vaults with no KC pool
608.37 0%
Vaults if we get a KC pool
1.97T 0.7%
No GENX vaults with NFT's
283.72T 99.3%
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Timeline

Aug 22, 2021Proposal created
Aug 22, 2021Proposal vote started
Aug 28, 2021Proposal vote ended
Oct 26, 2023Proposal updated