Requesting for Post-TGE Ideas!

Proposals
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Amazing contribution :white_check_mark:

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TL;DR
Make a splash by being the first MM platform to share a percent of platform fees in USDC for staking. For traders it acts like a discount on fees, and for passive stakers it’s a cash return. F the lawyers. This provides something innovative compared with other AMM’s, connects trading volume to rewards, and removes downward price pressure.

Details

  • Meteora vaulted to top 3 AMM status because LP’s made money using DLMM. It was less because of the points program! We must keep this learning front and center.
  • We know from early “massive 10% stimmy” discussions with larger MM’s that they discount the future value of platform tokens 90 percent. This means whales cash out (no offense whales) and give nearly zero future value to token rewards. I also think staff will be hurt by the 20% Liquidity Reserve proposal in all honesty.
  • Make the payments quarterly, so Meteora will gain interest on float for up to 90 days prior to distribution. I could be talked into monthly, but some interest rate float.
  • If fees are collected in SOL, use an appropriate price smoother for USDC exchange rate
  • Define a percent of platform fee revenue to use for cash rewards to stakers, similar to a dividend but flexible. The defined percent likely matches anything allocated for buybacks.
  • Nice to have: user option of cash OR reinvested MET for accounting flexibility.

Conclusion
Out of respect for staff lockups (i.e. motivation), MET must have multiple sources of value. A high market cap supported by sources of intrinsic token value is also critical for future business transactions. Ben used to joke about wanting MET to be a meme. He meant we should avoid anchoring the market cap to something like revenue or book value, not that MET should have zero value besides as a meme. But repeating the mistakes of SUSHI, SBR or MER inflationary rewards is a bad idea.

Ideally we can use Meteora Vaults in the cash reward and claim mechanism, to improve platform Defi metrics and as an interest earning place to hold rewards generated by staking. A cool option for anyone who has reached a vesting milestone would be to allow them to compound staking rewards for their vested portion, until their unlock.

2 Likes
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One more thing: part of the reason JTO and HYPE were so powerful for their respective platforms was because they gave generously, early. I don’t have a problem with a supply of unallocated treasury tokens but if the goal is wide distribution then solve it by dropping tokens at TGE to create a legendary wealth effect rather than dribble them over time for years of downward price pressure.

2 Likes
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just don’t do it like jup

1 Like