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  • kMPL Vault/ASDAO Treasury and Governance Model

     Maximumheight updated 9 months ago 3Members · 4 Posts
  • Jag

    Member
    November 24, 2020 at 18:07

    Since the launch of YFI, various communities have organized and rallied around the idea of a decentralized governance model characterized by algorithmic/automatic buying and selling of tokens to fund their respective treasuries. YFI is one of the most well known examples, while YFII, YFV, and others have followed suit.

    In the attached image,

    Substituting YFI with kMPL, yCRV with AMPL, and USDT with DAI (or any other stablecoin; perhaps even a stablecoin backed by AMPL?) is one potential pathway.

    The launch of an elastic AMM is on the Ampleforth team’s roadmap for the near future, so it would be a good idea for our community to discuss how ASDAO treasury and kMPL token economics should be structured.

    (Or perhaps it would be more accurate to frame this as a kMPL Vault). Semantics aside, it is all inter-connected and related.

    YFL is a good example that we can potentially model off: https://medium.com/yflink/project-announcement-linkswap-4b5cbfea5905

  • davoice321

    Administrator
    November 24, 2020 at 18:22

    Thanks for your post.

    The DAO has a pretty well established governance model, which is outlined here, and the DAO has been implementing.

    What this refers to is the development a specific product, similar to YFI vaults, which provide specific benefits to kMPL holders.

    You can see in this document that elastic vaults are planned for kMPL, which we’ll be introducing for community discussion in Early December (next week).

    The plan is to have kMPL holders play a role in governance of these elastic vaults (and receive benefits).

    Stay tuned for more about this and the launch of the community discussion process.

    • Jag

      Member
      November 24, 2020 at 18:31

      Looking forward to it. Thanks for the update.

    • Maximumheight

      Member
      December 21, 2020 at 07:12

      This will be great

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Original Post
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