It is now early October, and it has been a while since the community voiced its desire to implement more utility for the Well token. Today, it seems like no one is interacting with the topics that have been created, but we’ve had snapshot votes that were created and voted on. When will we actually implement changes to the token that is supposed to govern? I am saddened to see that we are not governing much at the moment, especially since the community voted in favor of changes to the token. I don’t understand why.
We need to get the ball rolling on this for a Buy and burn protocol that takes 10-15% of all profits from the platform and does a buy and burn - either a constant buy and burn or weekly / monthly - even quarterly - we need to get something done ASAP
1 Like
What are some thoughts or proposals for incremental WELL utility. Potential risks, as defined in the Security Module documentation, seem greater than current utility, generally speaking.
1 Like
I remember Luke suggesting that the contributors are considering to “reward” the holders who actually stake their WELL tokens and help secure the protocol further. As a WELL bull (and supporter since Moonbeam), I would love to see something like this implemented. We are definitely moving in the right direction - especially with Base and the Smart Wallets.
I am rooting for a day where WELL becomes the retail’s go-to platform for easy DeFi access and having some incentive for staking WELL (besides the APY) would only propel this growth further.
1 Like