[Proposal] Lending/Borrowing ,LP and Onboarding Other Projects and People with Staking Plans!

Sanctum Community (SanctumDAO)
1

As subjectively i am sharing my opinion on which i wanted to see sanctum to be successful

We know the meaning of sanctum: A sacred or holy place

  • Sanctum Oasis [Liquidity Pool]:

    Why:

    • It helps to swap between tokens and helps to earn more fees and other tokens(maybe) which boosts both the protocol and also the users earnings.
    • High liquidity in a pool reduces the price impact when large trades are made.
    • LP help in discovering the fair market price of tokens based on supply and demand within the pool and makes it cost effective

  • Aegis Finance [Lend/Borrow]:

    • Supports the users/people to earn passively and more effective
    • This attracts liquidity providers who wants to earn interest on their idle assets(Which works similar to LSTs).
    • Users can earn interest by lending their assets, which provides an incentive for them to participate in the protocol which boosts the protocol
    • Leveraged Trading Opportunities:
      • Why: This can be particularly attractive to traders looking to maximize gains, even though it comes with increased risk.

  • Haven Growth[Staking]:

    • Staking and Engagement Platform Overview

      • Dual Rewards System:
        → Stake $CLOUD: By staking $CLOUD, users can engage in tasks related to various projects.
        → Earn Rewards: Participants will earn rewards from both the $CLOUD protocol and the associated projects, creating an incentive to actively participate and support multiple initiatives.

      • Project Voting:

        → Support Decisions: Stakers can vote on which projects to support, ensuring that the community has a say in which initiatives receive backing. This fosters a sense of involvement and alignment with project goals.

      • Cross-Project Participation:
        → Token Integration: Stake $CLOUD and hold other project tokens to participate in quests or activities that benefit both the $CLOUD protocol and partner projects. This integration enhances collaboration and value for both ecosystems.

      • Quizzes and Contests:

        → Weekly/Monthly Quizzes: Hold regular quizzes for $CLOUD and LST (Liquidity Staking Token) holders with attractive prizes, encouraging ongoing engagement and education about the projects.
        → Community Contests: Organize annual or quarterly contests, such as content creation or meme generation, where participants can submit their work to win prizes. Active participation is encouraged by requiring $CLOUD staking to enter, promoting creativity and community involvement.

My Opinion
→ I personally want sanctum to integrate other protocols and have multiple options for the user

Thank you for reading this proposal. I appreciate your time and interest. I look forward to your feedback and support.

2 Likes
2

@Kai Thank you for the proposal, was wondering whether you have a plan or idea on how to integrate it? costs and associated required man-power and potential deadline of how things will go?

Or is this a suggestion of things the team should look into integrating?

Cheers!

3

These are just my speculations hoping to see the platform integrate them…
i don’t really know how things work on costs and other things. I was just hoping to see the more options to the user so that they don’t have to use multiple platform and Thank your for your response…