I am WavesFunnyNode, and I would like to draw attention to the upcoming Layer 2 (L2) and its associated token mining. With this in mind, I propose the strategic staking of the present L2MP from WavesDAO at rideonwaves.io, offering an impressive ~270% Annual Percentage Yield (APY). Subsequently, upon the L2 launch, the tokens will be staked at WavesFunnyNode, adhering to a 1-year plan aligned with the inflation rate for the duration on L2.
I wish to emphasize that the entirety of the generated income will be allocated exclusively to WavesDAO, inclusive of any potential supplementary bonuses, in accordance with the WFN payout policy (detailed in the WFN Investment Side - WFN Policy with bonus rewards), and without incurring any fees from the WavesFunnyNode.
For the implementation of this plan, the L2MP token will be dispatched to a designated wallet (3PDSsCzpoQvUvWtGGUnAPVUJWZLza7anyYq) for future updates on the plan, encompassing activities such as the re-staking of rewards, and more.
I’m against the proposal because the L2MP should be staked directly.
Transfering the L2MP on non-DAO-owned Wallet adds an unneccessary layer of risk.
WFN Bonus not specified enough to justify the additional risk.
Following a comprehensive deliberation with esteemed DAO participants, a collective decision has been reached to modify the strategic plan, specifically pertaining to the designated wallet for execution.
In the implementation of this strategy, the L2MP token will be officially staked from the DAO wallet. Future updates, such as the re-staking of rewards and other pertinent decisions, will be subject to determination by DAO participants, underscoring a collaborative and formalized governance approach.
We are pleased to announce that you now have the option to select Node for L2 staking. For a comprehensive guide on how to execute this process, WFN has created a user-friendly tutorial, accessible at WavesFunnyNode.
Leading up to the launch of L2 in January/February, WavesDAO will continue to receive L2MP income. Subsequently, Unit0 (L2 token) will take over this role.
In the upcoming week, we plan to propose the selection of WavesDAO L2MP for staking at WavesFunnyNode.
Results soo far:
Total Available (including income): 1,428,828 L2MP
Total Staked: 1,297,103 L2MP
Income: 131,724 L2MP