[New LST Proposal] buidlSOL
One benefit of being early to a new technology, new bull cycle, and in crypto is access to young glass chewing builders.
What I suggest is buidlSOL!
Of course like all LST proposals, we want to utilize the staked LSTs to take risks and help further the ecosystem while not risking the principal staked amount. I suggest we use the staked buidlSOL yield to invest into startup projects. After 6 or 12month period, we invest the buidlSOL yield amount. Binary 1/0 risk/reward. If the project does well, it can benefit the stakers in terms of equity or TGE coins.
At worst we lose the yield but helped out a startup that needed funding and more startups can market to Sanctum community and market themselves through our townhall or other platforms.
Honestly, I am brain-storming this thought and need input as I have a ton of questions myself… ** How should the selection process works?
** Do we ask good VCs to provide a list of candidates to invest into?
** Do we have a VC within our community?
** Do we do a poll/voting to select teams after hearing and narrowing down the list to top 2-3 projects?
The vision I prefer is:
** Do we build a VC group ( group of 5 rotating members without pay or small stipend) within Sanctum to help grow/branch our community into VC finance field with mentors?
What do you think?
Any comments or suggestions?
NYSoul
