How about staking MET and earn protocol fee?

Proposals
1

How about staking MET and earn protocol fee?

This would increase the buy pressure for the token and avoid any dumps.
It also creates a good utility for the token, it rewards the users and make people keep DLMM.

CC @soju

2 Likes
2

I also think is a good idea. Maybe met can be incoroporated outside of the US, like how hyperliquid is incorporated in the Cayman Islands :wink:

1 Like
3

can you give examples of projects using similar method
dont point just 1-2 projects
it will not give clear idea

5

Orderly

60% of Orderly protocol fees are paid directly to ORDER stakers.

Elys Network

Stake ELYS token or provide liquidity you earn USDC from protocol fees collected, as well as EDEN .

Convergent

If you Stake CVGT you earn fees generated by the protocol (issuance + redemption fees) on a pro-rata basis.

1 Like
6

Orderly and Elys both coin price action is downtrend and i dont see buy pressure and control of dumps

i am not against to it
price action will be as usual

1 Like
7

This is a good idea, I think people might hold to long because of fee generated from $Met token.

1 Like
8

this would align met token more with the performance of meteora as a business vs being a pure governance token but not sure about the legality etc. behind it?

9

The you mean the whole protocol fee or $met tokens fee because how did team want to make profit if community is also sharing from protocol fee maybe 20% of protocol fee should be use to buyback $Met and burn it annually or every 6month.

10

This could create more buying from the investors and community.