To all ratgang members, This proposal might not be seen as a complete proposal. It is more or less an alternative to the previous staking proposal (using all 570 BNB for Cake staking) with an additional element (see proposal 2). It requires the combined ratgang brain power to fine-tune, that is if the team decides it wants to go down that road. The reason I came to moonrat was that the aim was to develop the super Defi app. Additionally, there is a huge market for people who don’t own or won’t buy crypto as it is still too complicated. We should tap this market by establishing a fund – the moonrat global crypto fund. But we need revenue to pay for marketing, developing the swap and the super Defi app. Games are also an option but need far more work and new development than concentrating on what Moonrat set out to do from the start. The previous staking proposal (using all 570 BNB) sounds rather risky with a 100% allocation to Cake. We all know what happens if you eat too much of it 😉. Hence I’m proposing an actively managed fund (like a trust fund) that the team oversees and adjusts according to the market conditions. If the market runs well, allocate more to riskier assets, if it’s in downturn then allocate more to stable coins. This fund then feeds into rewards, buy-backs, development (of any kind) and marketing. Revenue is obviously a problem with the current system and I wrote up two mutually non-exclusive proposals how to generate just that. This should in turn be used in certain fractions for development, to stock up the rewards/buy-backs, build partnerships and maybe as venture capital. Proposal 1 For normal/bull market: Even here it's important to spread the risk. Below are examples.
There are new assets coming out all the time so this space needs active management. If the market changes and a new bear market begins we should consider putting 75-100% in stable coins. USDX is a good option for high yield.
For bear markets: Allocate all holdings to high yield stable coins. a. 50% into USDX which still pays 85-100% APY (but as more adoption of kava happens this will decrease) b. 15-25% Liquidity provision for USDC-USDT pools which do pay out over 10% c. 15-25% Liquidity of ETH-BTC pools d. Up to 10% Cake e. 10% vault for accumulation of ‘cheap’ coins with good prospective growth or projects we want to partner up with.
Then we need to decide what to do with the yield from those coins. I do not believe putting all to rewards is wise, after all we want the staking pool to thrive and increase. An increase here will automatically lead to more rewards and growth. This can be adjusted using a vote later on. Here is an example which still needs working on:
Proposal 2: LP generation can be used as a good source of revenue. We don’t necessarily need 2500+ BNB in the liquidity pool. Yes, it looks good but so far hasn’t helped the price and development. This needs to be transparent, however, so that investors can ‘follow the money’ if they wish to.
Set a range for the LP pool and a threshold (e.g. 1500 BNB) above which the LP can be drained periodically (e.g. if 50-100 BNB above the threshold was generated) and used for: a. 20% rewards or buy-back b. 30-50% go into the project staking pool, which follows the guidelines decided with the community (see proposal 1) c. Rest goes into further development
This is a work-in-progress proposal that would benefit from active, constructive discussion over a reasonable time frame. Keep the name calling to a minimum!