[New LST Proposal] fundSOL
Last proposal, I promise…
Wen I meet a lot of people on web3, many are trading and struggling on their own or degening and losing money on memecoins.
What I suggest is: fundSOL
Every 6 months, the fundSOL yield amount collected is giving to a selected few members (prefer core stakers but not a rule) to invest. They must have some understanding of risk management or get the necessary training with mentors (not 1000x perpetual and pray scenarios). The fund managers are selected/voted upon by the stakers after providing a pitch/reasons for their candidacy or lite-application process, tbd.
Every 6 month batch of yield is used to fund a group of traders 2-3 that get together to act like a hedge fund. The members come up with a game plan (split and trade or do it together) and invest properly within fundSOL’s regulatory hard rules (certain hard requirements/rules, liquidity level assets, % limit allocation to each, etc.,). Riskier asset means more/tighter limits.
Whatever the team profits for the next 6 months, they keep 20% and the rest 80% of the profit goes back to the fundSOL stakers to collect OR reinvest into the next round if they wish.
Why?
Help organize and teach/grow the Sanctum community into trading/fund field.
Help generate additional profit from LST yield.
Keep Sanctum community more active and vibrant.
What do you guys think?
Any suggests or comments are welcomed!
NYSoul