Idea Summary: Other protocols have adopted rebasing mechanisms and are implementing innovative governance and value generating policies; e.g., YAM has accrued over $2.5M in their treasury ( https://yam.finance/faq).
Idea Implementation/Execution: Coordinating with these projects could benefit the ecosystem (and the ASDAO) in the long run. E.g. Incentives can be developed to motivate liquidity pooling into upcoming AMPL/ASDAO geyser launches, while proposals can be passed to explore experimental governance models within these protocols that are backed by the ASDAO. This could curtail the DAO’s risk and avoid instability, while promoting potentially high-yielding experimental models.
Budget/Cost: Unclear.
Idea Timeline: “3 weeks in crypto is like a year in life” – read somewhere on CT.


Yes, absolutely there is no question about that.
But why reinvent the wheel? If YAM is testing a model of allocating 10% fees towards its treasury, we can observe and add input/guidance without any risk.
At the same time, we can begin to collaborate and design models that may work even better. There is strength in unity and power in numbers.
The ASDAO should do everything it can to harness network effects.
This is certainly an interesting idea. Personally I’m open for partnerships as long as they benefit the Ampleforth/AmpleSense community. Priority should be to unite and strengthen our own community, but further down the line anything is possible if it makes sense to the community and others are willing to partner up.

I’m also in agreement that it would be beneficial for the DAO to encourage partnerships. Together, stronger.

Do you have any suggestions on how to proceed from here? I feel that we should establish a core DAO team of members before we can pragmatically pursue such endeavors.

I would say that the best strategy might be to provide additional, more concrete ideas about potential partnerships. Some of them could even not need to involve including entities such as YAM governance.
For example products can be developed that provide yield on a basket of elastic finance assets to holders seeking lower-risk exposure across these assets, with positive rebase rewards being delivered to holders and others (even kMPL holders).
These efforts don’t require any engagement with the other protocols directly since these assets are traded and available on DEXs for integration.
So this idea might be broken into sub-ideas posted to the Idea Incubator that could be implemented separately and with little need for human involvement.

Thank you both for your feedback. It’s hard to believe I’m just now seeing this b/c I stopped receiving notifications for some reason.
I like the idea of breaking this down, because several directions will likely emerge. Novel financial instruments could be developed that programmatically offer low-risk exposure to holders (such as kMPL, and perhaps also wAMPL) with the benefit of minimal human input. On the other hand, human involvement can focus on avoiding coordination failures that cannot be addressed alone through incentive design.

@MarzipanStar *sigh* Have you ever heard the expression “Keep your friends close, keep your enemies closer”?

“Frenemies” are like Pokemon…gotta catch ’em all 😉
No AMPL is a first in class protocol. Partnering with others rebase protocols will not help to clarify we have been the first to describe that leap frog technology approach and that this is just AMPL which is seeking to shape the future for a strong fiat alternative in crypto

AMPL will always remain the first elastic finance protocol.
Similar to how Ethereum is the bedrock for all DeFi experiments and innovations, Ampleforth (in conjunction with ASDAO) could be the base layer upon which other rebasing protocols are developed.
These other protocols lack the sophistication, knowledge, and good intentions our community so far exhibits. The entire ecosystem benefits when incentives are optimally aligned.
I just want to say that we are completely different from the Yam, we are a unique currency