Hi JaunePomme here ,
looking at how the market is dry in volume and the poor value of SOL right now, I’m concerned about the future of MET token .
As we can see, the BTC is dominating the market and other alts including SOL are all going -slowly but surely- down, inevitably.
Launching a token right now would be a disaster, FDV would be low, everyone would sell right away to make up for the losses.
I’m trying to come up with some ideas, I hope we can have a debate about some useful ideas so the team may use them.
So how could we make MET token sustainable so less people dump it at tge.
- 1)ASR Rewards (Jupiter inspired)
Literally just like the governance system with Jupiter, staking Met and earning on a regular basis MET tokens would be one way to extend the expectancy of the token.
We stake MET, we vote, get some rewards and be part of governance.
- 2)Reduce the 5% protocol fees based on the amount you hold (Hyperliquid inspired)
Hyperliquid announced for the end of April its new system about fees.
Based on a tier list, the more you hold HYPE, the less fees you pay to the protocol.
It’s not much but I think it is interesting for the long term holder who wants to use the product their whole life. In addition, Hyperliquid provides a 2% staking yield, we could have the same.
(Maybe I would even up the protocol fees to 8 to 10% on purpose to have more people using this system)
Staking MET for 2% and this fees reduction system based on a tier list.
- 3)Buyback Met token (Hyperliquid inspired)
To help the token survives through different cycles, we could have a buyback using the protocol fees (so we increase it to 10% and half of it would go to the buyback, the other to the protocol for other uses) to just TWAP and buy the MET token automatically.
Basically the fees generated would go back to the users through MET token.
- 4)Met token unlock powerful features
Holding MET tokens would grant you access to new features from the protocol. It would all comes down to what features Meteora could provide to the users tho. I know it’s the best to give as much utility as possible for free. But we could have this system to unlock some powerful bins or special claim button that swaps automatically or closes all bin at once, SL/TP, anything but that would require like a certain amount of tokens, could do a tier list system as well.
- 5)Bonus reward from launchpad (BNB Binance inspired)
Holding MET tokens could give us a bonus (fixed allocation) from different launchpad even if we didn’t take part of it (didn’t have time to do it or too busy) so pretty similar to ASR rewards I guess.
Just like when there is a launch on Binance and people just stake BNB to earn the reward.
- 6)The more tokens, the higher yield (pools)
When you lend some tokens and get a bonus yield of MET on top of it.
example: I provide 100$ and own 100MET tokens, I earn 5% of yield on it + 1% of MET
The more MET we hold, the more bonus yield we get on top of the one we are already earning.
- 7)Bonus: Referral system to grow community
This one is more for the community than the token itself.
I’m not into referral at all but having a referral system where personA brings personB and personB uses METEORA consistently for half a year, could give a MET reward to personA.
Would have to avoid sybil in that case so up to the team on how to dodge that but could be a way to boost people into growing the community.
That’s all I have for now, would be glad to hear from your ideas as well.