The current structure of KACY emissions was an incredible first phase that allowed for great adoption of the initial core DAO. As the Kassandra DAO continues to grow and DAOs as a concept continue to grow, there will be room to apply new structures to current governing bodies. Kassandra DAO has a unique model, but it does not really incentivize long-term holds except lock-ups. This portion of the governance model can be enhanced. veKACY can be added to the current system without much change to the entire process. Applying a veKACY model is one avenue to achieve this extended duration holding, or at least attempt to influence this behavior.
veKACY allows for two main components: decisions for fund emissions & rewards for staking pools. Fund emissions include aHYPE, K3C, and eventually, future funds created and hosted on the platform by independent fund managers. This veKACY model allows the DAO to use veKACY to vote on which ETFs they want to incentivize staking. The emissions for the funds are occuring, veKACY essentially actsas a % determination. below is an example of how emissions work as more funds get added to the platform. This act of staking for voting power on emissions encourages users to lock up and hold KACY in the veKACY contract. Secondly, veKACY can be used as the means of weighted voting on proposals, such as aHYPE proposals. veKACY allows for increased participation ability from the users, alongside the team.
Application of this veKACY contract can be as simple as a user balance per wallet, with an emissions rate of 0.007 veKACY per KACY staked per hour. A running balance could be displayed on the site and within the emission voting mechanism.
Overall, I’d like to consider this for discussion and if well received potentially even for a vote. Let me know what you think and I appreciate you taking the time to read my proposal on a veKACY governance system for Kassandra DAO.