Proposal Amendment Suggestion-Cloud 1

Sanctum Governance
1

Given the goal of incentivizing community participation in governance, I propose the following adjustments to further enhance the effectiveness of the staking rewards:

  1. Increase the Staking Reward Allocation:

    • Current Proposal: 30 million CLOUD tokens (3% of the total supply) allocated for staking rewards.
    • Suggested Adjustment: Increase the allocation to 60 million CLOUD tokens (6% of the total supply). This would provide a more substantial incentive for participants, potentially leading to greater engagement and more robust governance outcomes.

  2. Mandatory Staking of Dev Team’s CLOUD Tokens:

    • Suggestion: Require the development team (dev) to stake 100% of their CLOUD tokens. This would demonstrate the team’s commitment to the long-term success of the project and align their interests with those of the community.
    • Transparency Measure: Provide public proof of the developers’ staked tokens. This could be done through a transparent blockchain address or a designated platform where the staking details can be verified by the community.

By implementing these changes, we can create a more aligned and motivated community, which is crucial for the success of our governance model. The increased reward pool will attract more active participants, while the mandatory staking of the dev team’s tokens will build trust and ensure a shared commitment to the project’s growth.

Thank you for considering these suggestions. I look forward to your thoughts and to working together to enhance our governance process.

1 Like
2

i agree with increasing the ASR allocation, or at least not decreasing it whatsoever from the original proposal.

i don’t know know where to look to see all the feedback about it being too high and that it should be lowered etc. Is there a poll? There was like 800 people participating in CLOUD 0 vote and I bet only a fraction of them are on this research page…i feel it wouldn’t be right to lower the ASR allo amount based on the voices of only a few

ASR needs to be a BANGER to incentivize participants and attract newcomers. SANCTUM NEEDS TO MAKE NOISE WITH THIS!!! I feel as if sometimes the team is too quiet and many people don’t know much about sanctum and what they provide in the LST space in Solana. But because jup has been around now with their ASRs, I bet market participants are more aware on how this kind of stuff works now. As Meow would say, don’t be mid. This first ASR needs to be a banger

Also def agree about the transparency measure. Would be awesome to see the team do something like jup where they’ve got it vested for like 2 years, and to do a live audit as well to show where everything is

but first thing is first…FIRST ASR NEEDS TO BE A BANGER - no mid!!!