[New LST Proposal] oreSOL

Sanctum LSTs
1

Summary

  • A new SOL LST for the ORE community.
  • SOL yield is converted to ORE (at market rate) and returned to oreSOL token holders.
  • A corresponding multiplier will be applied in the ORE Boost system for oreSOL stakers.
14 Likes
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lets goooo I want to hold it and bet on ORE for long term!

2 Likes
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I don’t know It it is a good proposal. ORE is an inflationary token

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Hey Chad, thank you for taking the time to write a proposal here
I believe there are good synergies to explore between Ore and Sanctum so happy to connect on Telegram and discuss further, my handle is @alkineeeee

3 Likes
5

Could be a good idea to expose people to being invested in ORE for those that like the idea of rewards from an LST.

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6

What problem yours team intent to solve by introducing OreSol in Lst.

1 Like
7

@HardhatChad @Alkine Do we have bridges for this? This LST would be interesting.

2 Likes
8

Proposal is definitely a bit short but straightforward. I guess this can satisfy some people from the ORE community but doesn’t have any appeal from me, and looks, from my perspective, value extractive.

2 Likes
9

Very good proposal!
oreSol investors would have:
1 Sol price exposition
2 Ore airdrops
3 Restaking feature: staking oreSol will get Boost (staking rewards)
4 Obtained Ore can be sold for instant yield or staked for higher Ore return.

Ore community would have:
1 Higher visibility
2 More Ore holders
3 More liquidity (by staking) and price appreciation (buyback) if oreSol holders stake more Ore than they dump.
4 Token utility

Are the risks higher than these rewards?

1 Like
10

Seems to me like a natural extension of the ore ecosystem. While I have traded it in the past, emission would have to be tackled, or some way of equating the stake APR with rewards in Ore, like @Dragostino mentioned, it’s important to get a clear view of what the rewards would be and how would the original ORE token play into this.

2 Likes