I propose we institute a CLOUD and Sanctum LST user score.
This score is to show how you’ve interacted with CLOUD and Sanctum LSTs
Have you been:
a net seller?
a net buyer?
a consistent holder?
staking in sCLOUD?
staking in LPs?
We should make it open for anyone to view (after all the blockchain is an open ledger) and that means also how the score is tabulated. Scoring should be fluid. For example: If you’ve sold down your CLOUD before the market sell off and are now buying back in; that should be reflected in your score. The emphasis should be on current, not historical, data.
The score should also not be weighted for volume. That is, whether you have 1M CLOUD or 1000 CLOUD your score is based on how you’ve interacted with CLOUD, not the amount.
Will this encourage more people to have more wallets? Yes, at first likely it will and this is fine as long as you’re not then creating Cybil loopholes fraud farms can exploit via your incentives.
This is scoring isn’t meant to replace Sanctum Wonderland incentive schemes but rather establish some type of long lived loyalty score that the protocol and the community can draw on to identify well aligned users.
I pretty much agree with that broadly.
More is more though.
On chain is a bit of a game most of the time and this is another score that community members can max out which can help build longer lasting engagement.
That basically where I’m coming from with this. It’s another way to retain users.
IMO – the current staking score system as implemented (amount of cloud staked & number of qualified governance votes) is fair and should not be changed. This system is straightforward (like the staking rewards programs of most of the major DeFi protocols I’m aware of). Staking rewards based on current allocated capital to those who purchase and stake the CLOUD token. Those individuals are currently investing their capital and should be rewarded with staking rewards. Providing linear rewards also disincentivizes sybil farming. The 30-day unstaking lock-up period is a long time (for DeFi crypto protocols) and this mechanism should help to align stakers to the overall success of CLOUD/Sanctum.
Many current/past CLOUD holders had a bad experience with the S1 capital airdrop allocation being significantly diluted by the “earnestness” airdrop. I strongly feel that people vote with their $$$ and should be rewarded accordingly with staking rewards. This also seems to follow the sentiment of the Futarchy governance voting system.
Kamino has a weekly content contest where users/influencers who post the most compelling/interesting articles, tweets, and videos, on Twitter or other media platforms are rewarded with KMNO tokens. This type of community-driven media campaign could be put forward for a proposal and would be great to further CLOUD/Sanctum adoption by getting the word out.