sNSBT DAO

Staked NSBT (sNSBT) is a liquid staking product built to wrap gNSBT, which is a governance token of Neutrino Protocol. Launched in March 2022, sNSBT has 30K NSBT staked.

The idea of sNSBT is to allow users to earn gNSBT fees, participate in the governance, and do swaps in Neutrino, while having an option to sell their wrapped token to the open market, which is not possible with regular NSBT staking.

You can read more details about the mechanics in the article.

Introducing the DAO!

For a long time, sNSBT was managed by a centralized entity (myself). Means I did all the rewards distributions and governance decisions manually. Time has come to decentralize the management of sNSBT and that's why I'm launching this DAO.

How it will work?

I'm going to launch a DAO and distribute a virtual share of 0.1 PWR among sNSBT holders (maybe later sNSBT DAO will be able to pay this amount back to me after unstaking its share from Neutrino DAO?). From now on, sNSBT holders will be able to use Power DAO interface to vote on any transactions which require sNSBT account signature, including:

• staking rewards claim
• staking rewards management
• rewards distribution
• swaps through Neutrino
• governance in Neutrino
• decisions to allow/deny new sNSBT minting

We will see how it works and I hope it will be successful!

To participate in discussions, please proceed to the Telegram chat: t.me/snsbt. All the source code of sNSBT is published on github.com/vlzhr/stokens.

Wx.network DAO Introduction

Objectives:

1. Boost the value of the WX token.
2. Grant the community complete control over WX.

Current Strategy:

• Significant increase in trading fees to hasten the buyback of WXG tokens.
• Benefit DAO participants by increasing the value of staked assets.

DAO Flow:

1. GWX Token Staking:

   • GWX (staked WX) holders receive 100 $pwr tokens.
   • These tokens are locked in the WX DAO for three months.

2. Treasury Swap:

   • A swap is executed with the Power DAO treasury, exchanging WX tokens equivalent to 100 $pwr.

3. Treasury Contribution:

   • 10 million WX tokens are contributed and locked in the treasury.

4. WXG Token Deposit:

   • WXG tokens, repurchased from WX trading fees, are deposited in the DAO.
   • The DAO has the discretion to sell them at a profit, indirectly benefiting from the WX trading fees.

5. Excess Funds:

   • If there's an excess of deposited funds during the DAO initiation phase (beyond the 25000 $waves minimum), these surplus funds are channeled for WXG buybacks.

6. Buyback Strategy:

   • After the full buyback of WXG tokens, a fraction of the trading fees is allocated to the repurchase of WX tokens, bolstering the long-term growth of the DAO treasury.

7. Treasury Depositors:

   • They can interact with the DAO during its launch phase by obtaining locked $pwr tokens.
   • These tokens can be unlocked after a three-month KPI period (100 $pwr).
   • At the conclusion of each quarterly KPI period, $pwr stakers are awarded 20% of the treasury's growth, based on their voting participation.

8. Alternative Entry to the DAO:

   • One can join by buying the DAO's LP (WX LP) token in the market and transferring it to the treasury.
   • Only 1,000 LP tokens are in circulation.
   • In return, contributors receive a $pwr token, which becomes unlockable after the end of the second KPI period relative to their WX LP deposit.

9. Additional Swaps:

   • Swaps are also made with the Mother DAO to recompense it for the issued $power tokens.

10. Determining "Fair Price" for WX LP:

• This price is based on the treasury's growth, which includes both the WX and WXG components.
• The WX team markets the token, and the accumulated funds are directed to the treasury.

The DAO's objective is to support Waves ecosystem projects while offering a consistent income to its members.

To become a part of the DAO, you must stake $pwr tokens within the DAO and complete tasks assigned to DAO members (once the DAO is operational). These tasks include activities like promoting Waves projects on social media, organizing events, and establishing connections with potential ecosystem partners.

The DAO provides rewards in two main categories:

1. UBI Rewards: These are designed to encourage ongoing activity on social media. Additional $pwr tokens will be created to maintain a steady Annual Percentage Yield (APY) of approximately 10% per month for the $pwr tokens staked within the DAO.

2. Specific Campaign Rewards: These rewards are intended for promoting specific projects and are given in the form of tokens related to those projects. In this scenario, all DAO participants, referred to as ambassadors, receive rewards in the tokens of the projects they support.

An executive committee is elected through a DAO vote, responsible for coordinating DAO activities and ensuring that ambassador tasks are completed. The funding for this committee is sourced from the DAO treasury, based on DAO voting.

Furthermore, the DAO governance has the authority to vote on bringing additional ambassadors into the DAO by allocating more $pwr tokens to them or by offering custom rewards for specific ambassadors.

In essence, stake your $pwr tokens, promote Waves, and get rewarded for your efforts!

The evolution of the Neutrino protocol is upon us, with a pivotal focus on enhancing the utility of gNSBT. Our primary aim is to substantially boost gNSBT performance, which should in turn positively impact NSBT and SURF value growth. The protocol recognizes the need for a more robust governance system with an emphasis on empowering gNSBT and creating better incentives for our community. After careful consideration of various avenues to refine the Neutrino system and optimize governance, the introduction of slashing mechanics emerged as a prime solution. However, rather than integrating this directly into Neutrino’s governance, we propose a more streamlined approach — a transition to the tried-and-true Power DAO system. This established and rigorously tested system not only supports our gNSBT-centric objectives but also paves the way for valuable community-led enhancements that will drive the protocol’s future growth. Please see full details or provide your feedback at https://forum.power.tech/t/neutrino-dao-proposal/153

We propose to launch the "WavesDAO" on the Power Protocol platform as a For profit DAO dedicated to funding the development of Waves Blockchain-based projects and initiatives. $PWR stakers will govern the DAO, Each governor must stake 1 PWR tokens to be included, and a minimum of 100 PWR must be staked for the initiation proposal to succeed. In the initiation period The WavesDAO will seek to raise an initial investment of 1 million WAVES to fund its mission. Discussion: https://forum.power.tech/t/wavesdao-initiation-proposal/15

The primary objective of the Marketing DAO is to provide support to the overall Waves ecosystem and specific projects that contribute to its development. This decentralized autonomous organization (DAO) operates on a for-profit basis, where decision makers, ($power stakers), receive 20% of the growth in the treasury value. The remaining 80% is allocated to treasury depositors.

To generate profits, the Marketing DAO works with specific projects and tokens and receives compensation in the form of those tokens. Some of these tokens are utilized for airdrops and other promotional activities, while a portion is retained as remuneration. Additionally, funds deposited into the treasury can be used to cover operational expenses and are subject to governance by the DAO. Key performance indicators (KPIs) are determined through DAO voting and are settled on a monthly or quarterly basis (depending on the governance decision). DAO participants effectively become Waves Ambassadors, being engaged in the decision making and execution process of the DAO.