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.