Creation of a pool accessible via the INDEX coop website to allow users to deposit and lock-up $INDEX and generate yield
The goal is to create value for existing $INDEX holders, reward the holders that want to support the community long-term (not dumping, not trading) and provide an outlet for the DPI fees that coop accumulates.
We need to create value for $INDEX token holders and those who want to hold long-term. A lot of us are DPI holders and would benefit from seeing the value created in DPI (ie: market cap and holding increases) reflected in the value of $INDEX and its community.
The technical setup may be discussed, here’s some general ideas:
- Theres should be a meaningful lock-up period (30 days, 90 days, 120 days…)
- APY should be meaningful but not sky high (as to not drain treasury)
- The lock-up should help decrease token velocity and motivate LPs to stake their tokens instead of dumping
- Pending items: payout mechanism and tokens to be distributed when the lock-up ends ($INDEX, DPI, ETH…)
You’d want to have a pool to lock-up your $INDEX tokens on the coop’s website with specified rewards.
You disagree this is a mechanism that could help drive value for the coop and $INDEX at this moment
- 30 days
- 90 days
- 120 days
- Less than 5%
- Range of 5-10%
- Greater than 10%