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.
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.