AvaPoolFinance - What is it?
7/16/2022 5:29:20 PM
Briefly, what is Avapool Finance?
AvaPool Finance is a community-driven validator on the Avalanche Blockchain. The Governors community manages crucial decisions relative the status of their validators, and in exchange, the Governors receive a portion of the revenue.
How they work?
3500 NFTs share validator revenue and governance responsibilities. In conjunction with the AvaPool Foundation, Governors help to manage decisions regarding validation.
Utility
In this image you can see the contents of a privatized NFT staking dashboard including exclusive access to automated revenue strategies.
Lottery
The first active public interface after mint will be the AvaPool Lottery. Operating as an opt-in staking lottery, revenue streams are utilized to form a weekly lottery for staking participants. A public interface for the weekly winner will display the NFT, associated metadata, and winning address.
Recurring Revenue Dashboard
Development of the recurring revenue dashboard will continue to progress. Multiple strategies will be developed for the Governors to utilize and direct funding from the validator to automated strategies such as auto-compounding, LP farming, and stable coin staking.
Governance
Governorshave several responsibilities as AvaPool Governors. A Governors' responsibilities include, but are not limited to:
1. Vote on Subnet Selection Proposals (SSP)
-Planned SSPs include:
-Swimmer Network
-Dexalot
-Castle Crush
2.Fee Percentage for Delegations
-Initial fee percentage set to 100%
Becoming a Governor
Mint and hold an NFT. It's that simple.
Governor Benefits
AvaPool Governors become a select community of decision-makers. To enhance the Governor's experience, a
Recurring Revenue Dashboard will be built exclusively for Governors. This dashboard will include an array of options for managing your passive revenue. Additional Governor benefits include access to a private
AvaPool Lottery. 1 of 1 curated AvaPool NFTs will be available via auction after mint, but some may be airdropped to early Governors. These pieces are designed by our incredibly talented artist.
Enterprise Platform
A standardized front-end process for business, games, projects and others to directly apply to validators for subnet validation. This allows for the Foundation to vet SSPs submitted by third parties.
1. The vetting process by the AvaPool Foundation can take between 1-2 weeks per application.
2. The voting window by Governors lasts 10 days.
3. Contracts for SSPs are open to reassessment every 6-12 months, reassessment can be proposed by Governors, The AvaPool Foundation, or the SSP applicant.
Art
Below is a sample of the animated 3D art AvaPool will be displaying for our collection.
Roadmap
Below is our roadmap through January 2023. The continued roadmap will be revealed in Q4 of 2022.
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