Proposal to Match Stake Incentives for Elk.Finance

This proposal was voted on by the Community over the past 9 days. It unanimously received 24 Votes in Support of it. A Link to the Proposal can be found Below:

Who Elk is: Objectives

Elk.Finance provides a fast and cheap way to move value into XDAI via ElkNet multi-chain bridge. While on Xdai, the bridge will undergo further development, such as: smart order routing (offloading trades from Multiple-Chains to Xdai and/or provide the ability to swap on a different chain to get a better price. Also, support for cross-chain loans and multi-chain synthetic/Collateralized assets, including a Collateralized Stable Coin.

As part of our roadmap:

Many new chains will be deployed on, further adding market exposure amongst all chains Elk supports, Release of NFT Collections that will have utility in metaverses Elk.Finance builds a presence in UI/UX enhancements delivering an engaging and supportive experience for users Strategic Partnerships and continual development of relationships on every chain Elk supports Many product offerings such as proxy tokens, Including Stable Coins Major Cex/Dex Listings Strategically to grow Market Presence and Liquidity Becoming a DAO and having a fully decentralized protocol

Elknet Bridge is unique in the market in the following ways and benefits of use:

ElkNet is Trustless: ElkNet will be fully decentralized
ElkNet has 6 Chains supported and many coming due to having a versatile design ElkNet is Low Cost, Just the cost of Gas for the transaction ElkNet is Fast, 7 sec average speed There are no fragmentation or proprietary wrappers used The use of the bridge is not dependent on exit liquidity ElkNet will be a Mainnet with an SDK for developers to build on top of

Elk.Finance has a team that is committed to self-regulating the Crypto/Defi Universe through providing market leading support, products, and safety to our partners and communities.

Payout by month assuming stake mcap initially = $75M

In month 1 no tvl kpi restriction payout would be 100%(tvl kpi) x 50%(mcap kpi) x $20k = $10k in rewards to bootstrap ELK If by month 2 Elk reaches a tvl of $250K-$2.5M payout would be (Stake MC $50M-$125M) 25%(tvl kpi) x 50%(mcap kpi) x $20k= $5k If by month 3 ELK reaches a tvl of $2.5M-$12.5M payout would be (Stake MC $50M-$125M) 50%(tvl kpi) x 50%(mcap kpi) x $20k= $10k Adjusting to MC of Stake and TVL kpi so on for following duration of months up to the Disbursement of 120k Worth of STAKE The Above can be modified on Community approval to best serve the Xdai Protocols and Community** Do you support $125k in Stake rewards for Elk.Finance (Ticker:ELK) on xDai?

https://forum.poa.network/t/proposal-to-match-stake-incentives-for-elk-finance-ticker-elk-on-xdai/8061