Hello guys,
I have been a follower and investor (at my own scale) of Ashswap since its inception back in the day.
I have participated in almost every campaigns and incentives to this date and embraced the protocol and veASH as it was back in the day when it was still in infancy.
Since this time, many things have changed in the crypto world and i wonder if it would be possible to allow a more flexible veASH.
Maybe let us move our position as an NFT on a secondary market, like hatom for unboundEGLD, or make it possible to sell or convert our veTHE in a liquid wrapper version of it from another project (JWLSwap) with of course a TAX event (20% for example not 80% like XMEX this is too much IMO) because the veTHE isn't supposed to be that flexible.
The goal was to support Ashswap project at the beginning and not exit whenever we want.
But now i feel this has instead kept many investors away and has caused the project to be overlooked if i'm comparing with the TVL of HATOM for example.
It shouldn't be this way, liquidity mining has a bad reputation but is in my opinion a better way to incentives long term investors into the protocol than airdrop for example.
Motivation
Why should the DAO vote for this proposal ?
Well it could allow a new type of pool on ashswap or another platform and a new stream rewards for stakers of ashswap. Redirect a portion of the TAX or royalties to veASH holders making them even more appealing.
Imagine this is implemented, investors can then have the possibility to exit the veASH position if you need some capital available for whatever event you need to have it irl or in web3.
To me it wouldn't lead to a cascadation event at all if price is falling or if protocol is hacked.
Market will always adjust, while in the meantime the protocol and veASH guys would reap all rewards from the trading of such events.
I think it is well worth considering in my opinion.
I'm sure price of ASH would soar in fact given all rewards stream now available to veASH stakers.
It would be a no brainer to me to invest more into veASH if my capital is more flexible.
Actions
Give each veTHE holders a derivative version tied to their veASH position (in the form of an NFT or another ESDT) and create a pool with a taxable sell event for veASH sellers (20% seems a good number, not too little but not too much).
Summary
Hello guys, I have been a follower and investor (at my own scale) of Ashswap since its inception back in the day. I have participated in almost every campaigns and incentives to this date and embraced the protocol and veASH as it was back in the day when it was still in infancy. Since this time, many things have changed in the crypto world and i wonder if it would be possible to allow a more flexible veASH. Maybe let us move our position as an NFT on a secondary market, like hatom for unboundEGLD, or make it possible to sell or convert our veTHE in a liquid wrapper version of it from another project (JWLSwap) with of course a TAX event (20% for example not 80% like XMEX this is too much IMO) because the veTHE isn't supposed to be that flexible. The goal was to support Ashswap project at the beginning and not exit whenever we want. But now i feel this has instead kept many investors away and has caused the project to be overlooked if i'm comparing with the TVL of HATOM for example. It shouldn't be this way, liquidity mining has a bad reputation but is in my opinion a better way to incentives long term investors into the protocol than airdrop for example.
Motivation
Why should the DAO vote for this proposal ? Well it could allow a new type of pool on ashswap or another platform and a new stream rewards for stakers of ashswap. Redirect a portion of the TAX or royalties to veASH holders making them even more appealing. Imagine this is implemented, investors can then have the possibility to exit the veASH position if you need some capital available for whatever event you need to have it irl or in web3. To me it wouldn't lead to a cascadation event at all if price is falling or if protocol is hacked. Market will always adjust, while in the meantime the protocol and veASH guys would reap all rewards from the trading of such events. I think it is well worth considering in my opinion. I'm sure price of ASH would soar in fact given all rewards stream now available to veASH stakers. It would be a no brainer to me to invest more into veASH if my capital is more flexible.
Actions
Give each veTHE holders a derivative version tied to their veASH position (in the form of an NFT or another ESDT) and create a pool with a taxable sell event for veASH sellers (20% seems a good number, not too little but not too much).
Thank you for reading me.