Stargate Partner with Toupee Tech on Base

Toupee Tech Summary An entirely new protocol on Base built with features from Solidly. Toupee is a coordinator of incentives within ecosystems built on the Solidly model. Protocols that stake LP tokens in Toupee earn extra rewards in oWIG emissions on top of the rewards earned from the underlying protocol.

No long-term token locking. Toupee operates with a 1-week epoch system, which is also the max token lock duration. Gone are the days of multi-year token locks.

4:1 bribing efficiency. Currently our partner protocols are getting $4 for every $1 they put in bribes, the best in the Base ecosystem. Toupee is also matching bribes for all new partner protocols dollar for dollar.

Liquidation-free loans borrowed against your voting position. Our native token WIG was launched on a bonding curve with a floor price of 1 ETH. Users have the ability to borrow ETH back against their vWIG (staked WIG). This means they have no risk of liquidation and can enjoy the benefits of a totally liquid position while earning profit on protocol fees and bribes.

The effectiveness of the voting flywheel is highlighted by Toupee’s quickly growing TVL which has reached almost $1.5M as of the time of this writing.

Proposal: We will airdrop you voting power to be used in our flywheel, and plug in Stargate pools which can receive bribes and emissions. For pools that you may want to incentivize, our bribing efficiency is currently 4:1 for every dollar put in.

Motivation

Protocols incentivizing on Toupee have been achieving an efficiency ratio of 4X. In other words, for every dollar in voter incentives, participants in our ecosystem are currently directing $4 worth of oWIG emissions and rewards towards their pools. Protocols can leverage this high efficiency to attract more liquidity at a low cost.