Staking and Spending:

Governance, Staking & Farming

StonkLeagues end state objective is to offer a truly decentralized, community operated gaming and vetting platform for the retail trading community. In line with this objective, StonkLeague will increasingly shift toward a community governance model. Stonk Token holders will be afforded the opportunity to stake their tokens on decentralized exchanges to gain a portion of newly issued Stonk as well as the ability to vote on various governing elements of the platform.

Staking will initially be done through the three leading decentralized exchanges, UniSwap, SushiSwap, and 1inch as follows:

  • Token holders will offer liquidity to the AEGIS/USDC or AEGIS/ETH pools on any of the exchanges listed above. In exchange for this, the respective exchanges will issue liquidity pool tokens to the token holders wallet.

  • The token holder will then return to the StonkLeague platform and stake the liquidity pool tokens into StonkLeague leagues farming contract. By passively maintaining this staked / farmed position, the token holder will gain auto-compounded APY interest in the form of newly minted tokens. The exact APR at any given instance will be variable contingent upon a variety of factors including the community governed farming inflation rate as well as the number of tokens actively farming.

  • In the future, staking will offer insights into the aggregated crowd wisdom and trade data garnered from StonkLeague games.

Governance will manifest via two primary implementation formats:

  • Economic Scalers: For strictly numerical elements of governance including:

  • Referral fee rates

  • Certain inflationary elements

  • Game fees

  • Minimum Player Accuracy for Index Consideration

  • Index Market Capitalization Criterion

  • And more

A sliding scale will be available to all token stakers. The scale will begin with a minimum and end with a maximum possible percent rate for any given governance element. Token stakes may slide the scale to their preferred percent rate for each economic element and lock in their preference via a wallet signature. Each token holders preference will be weighed according to the number of tokens they maintain in their balance. The average of the preference rates will stand as the implemented platform rate.

Example: Referral commission rates may allowably fall between 10 and 30 percent. Users may slide their selection to any point between these two numbers. The token weighted average will continually change as new voters participate and existing voters change preferences or exit their staked governance position.

2. Proposal Quorum:

StonkLeague has adopted a forum three-phase proposal and quorum model pioneered by the decentralized exchange, Uniswap4 .

  • Phase I -- Interest Check: To begin, a token holder must submit a forum proposal on gov.stonkleague.com detailing a suggested governance movement in an unbiased manner. This will begin an interest poll by which token holders signal their interest in further discovery via an off-chain snapshot. Polling may last between two and seven days based upon the championing token holders' discretion. Following the conclusion of the voting window, a minimum of 1% of tokens must signal with a ‘Yes’ majority for the proposal to proceed toward phase II.

  • Phase II -- Consensus Check: If a proposal succeeds in phase I, a second post is to be made within 7 days including an options pool including proposed change option(s) and a ‘no change’ option. This poll will last between 5 and 14 days based upon the championing token holder’s suggestion. During this phase, the champion will seek to explain their position and garner greater community support. Following the conclusion of the allotted time, a minimum of 2% of the community must participate. If ‘no change’ succeeds the proposal is immediately closed. If one or more of the proposed change options succeeds, an eligible token holder maintaining a minimum Stonk balance of XXXX (TBA) must co-sign the winning proposal option selection if the champion does not maintain the required number of AEGIS themselves. The same snapshot method above will be used.

  • Phase III -- Governance Proposal: During this final phase of voting, the finalized and professionally audited code for each amendment approved during the consensus check will be made public. One final, on-chain, vote will be conducted assuming sufficient AEGIS tokens have been delegated toward the proposer's wallet. Should the vote pass with 2/3rds majority publication and implementation of the new amendment will begin. 5

3. Gameplay and In-App Utility: Within the StonkLeague gaming platform, AEGIS holders will be eligible to participate in Stonk Games using their platform tokens. This will offer additional platform benefits including. Cash-Back in the Form of Newly Minted StonkTokens aka AEGIS. Access to Exclusive Stonk Token Games and Events. Stonk Lottery Entries (https://pancakeswap.finance/lottery). Stonk NFT Drop Entries.

4. Premier League Acquisition: At inception, all newly formed premier leagues will be distributed at auction on the StonkLeague platform. All platform auctions will be settled in AEGISs. To acquire tokens, users may either purchase AEGIS on external exchanges and deposit these into the StonkLeague platform, or may earn AEGIS by playing and participating in StonkLeague games.

5. Recreation League Creation: All recreation leagues require a minimum balance of AEGIS to be created.

Last updated