Wen PillarDAO benefits!?

💡 Ideas
#1

PillarDAO currently doesn’t have any direct benefits for Governors besides from being involved in the decentralized future.

In order to attract new members we need some drawcards.

Ideas:

  1. Pass a proposal for a chunk of the treasury to be invested and the profits get divided among the governors proportionally according to holdings.

[Percentile spreadsheet can work out distribution. This will be like staking.]

  • Eg: $1,000,000 invested for 2 months in
  • Balancer: USDC-WETH @ 91.84% APY (harvest.finance - Polygon)
  • Will result in a final balance of $1,114,696.22
  • 20 % of profit goes to next investment amount ($22,939.24 + original $1,000,000 = $1,022,939.24 for next round)
  • 80% Profit divided by +/-50 governors $91,756…98 / 50 govs proportionally according to staked PLR holdings
  • Repeat

  1. Genesis NFT holders get to play poker for a special DAO provided crypto winners pot

  2. Popular token giveaways -eg: 5 ETH to 5 Governors / 1200 APE to 5 Governors Some profit could be set aside from the DeFi investment listed in point 1 to cover this.

1 Like
#2

Hey Kyle :rocket:

I like your proposal !

Would like to see a buyback of token from Foundation to see this happen

  • 20 % of profit goes to next investment amount ($22,939.24 + original $1,000,000 = $1,022,939.24 for next round) i would suggest 10 % vs 20 %
#3

Would be great if successful. My guess is that every one in the community will be pleased.
I suggest not distribute 80% to governors, 50% is enough.
30% we can use it in the following ways:

1 - Buy PLR and burn it or
2 - Buy PLR and lock it for a certain amount of time or
3 - Buy Other tokens and wait for the right time to sell.

I prefer the 3rd option.

#4

interesting answer . My concern is more selling token to make this happen. I want that community see immediate benefit . imperative.

If i have to choose in your 3 options i would say 1

#5

@KyleStarZ to be sure can you validate the token that governors will receive within the usdc-weth apy
In my understanding it will not rewarding in plr tokens

I see @Chad mentionned before to get more tokens distributed to governors … just want to be sure to don’t be confuse

We can work in utility side and in same time launching a great benefit like Kyle suggest for community

#6

I think that’s a good idea. The more we can use and make the earned funds useful for the DAO the better, while rewarding those involved would be great IMO. This second part is important as it builds the demand that we need for new governors to join. I hope eventually that this will bring more demand for PLR and hopefully push the price up.

I’d also opt for option 1 so we can create demand for PLR

#7

My thought was that it would not be in PLR but rather another token. But didn’t have any specific s in mind.
Thinking about it now though it could be interesting to receive PLR as it would mean your share of the next investment would go up and we could essentially create more demand as those tokens would be staked for the 52 weeks of annual governor tenure.

I’m open to more suggestions on this.

#8