Hello my dear Yam Fam!
Yamv1 was amazing and spontaneous. But let’s be honest, we are all whales or nerdy Ethereum devs.
Yamv2 was about rescuing YAM. What did we rescue? A community? A project? An Experiment? Our holdings? Our hopium?
I think there’s a very important direction choice we will make as a group of wealthy and smart peers, and I am convinced that we are making this choice right now.
This community is made of exuberant, risk taking, maybe crazy and for most, smart people.
We are addicted to two things imo about #YAM:
- $$ bag profits
- seeing a crazy vision of a decentralised fund project being born and getting powerful and sound:
What will you chose?
- Short term, Hype, Ponzinomics, Exit ASAP to retailers through Marketing campaigns
- Long term, Interesting experiment, Decentralized fund, god damn billionaire cause we changed the game.
For the latter, vesting our tokens makes a lot of sense. For example on a 1.5 year linear schedule
At day 0 of Yamv3, 100% of tokens in a locked pool.
At year 1, 66% of Yamv3 vested tokens to holders, 33% in the locked tokens pool
At year 1.5, all tokens are vested.
The locked tokens can only be used by holder to vote on Governance
The governance control the pool of locked tokens (i.e: send to a staking pool, to another protocol etc…)
I honestly don’t know if it’s a good or bad idea, and maybe someone will show me that we cannot actually implement these ideas but here are the positive impacts I foresee:
- No short term strategies by whales (Dump)
- You have nothing to do but to govern with your yamv3 tokens
- New comers will be incentivized to join the #YAMFAM
- Thanks to this bug, we have time to relax and look for the long term, this could set in stones that we’re gonna be something huge in the coming years. Strong signal