[Temperature Check] LSD Network Owner Incentives
Introduction
This Temperature Check introduces a new initiative that leverages the unique capabilities of Stakehouse; Stakehouse is distinctively positioned to empower individuals to establish their own LSD Networks by offering the only LSD Networks as a service protocol for Ethereum staking. Through empowering LSD Network owners, this initiative establishes a grass roots approach to increasing TVL.
The proposed initiative seeks to nurture power users by providing an incentive scheme to those willing to cultivate and educate a community. By coupling community engagement with strategic token incentives, it will empower the Blockswap community.
Motivation
The expansion and broader adoption of LSD Networks are vital to the evolution of Stakehouse; LSD Networks owners are an essential pillar of LSD Networks. In light of this, the campaign encourages Owners to engage with their audience, thus stimulating the organic growth of LSD Networks.
The Blockswap Community is vibrant and expanding as evidenced by the multiple prooposals presented to the DAO weekly. The pioneering individuals starting LSD Networks should be considered in the highest regard in relation to grant applications. Their success has a direct impact on the success of Stakehouse.
LSD Network owners have the option to charge a commission. That said, there is an upfront cost of educating their audience. This temp check could be viewed as a method to provide BSN for growth and marketing efforts while any commissions collected are income. There is already Stakehouse content for most relevant topics across Youtube and Medium. These can be translated into different languages, cut up, or used as templates for new pieces of content.
Objectives
- Encourage the creation and active promotion of LSD Networks by providing BSN token incentives to the LSD Network owners.
- Cultivate a sense of Blockswap ownership in LSD Network owners, prompting them to devise and implement effective strategies to attract ETH stakers to their networks.
- Increase the TVL and utilization of Stakehouse through grassroots marketing efforts by empowering leaders.
Stake Campaign Process
- Create an LSD Network or use an existing LSD Network.
- Apply for the grant, outlining your proposed strategy to attract ETH stakers to your LSD Network.
- Await the decision from the Grant Council, which will approve or deny the proposal.
- If approved, implement your strategies for attracting ETH stakers to your LSD Network.
- Each month, apply for additional tokens as needed, providing an outline of your past efforts’ effectiveness and a new plan to further promote your LSD Network.
- The Grant Council will hold the authority to approve or deny applicants and also reserve the right to end the program at any time.
Growth Ideas
Potential growth ideas could include, but are not limited to:
- Creating a landing page, notion page, or website specifically tailored to educate users about Stakehouse LSD Networks. This could funnel directly to your LSD Network.
- Translating existing LSD Network guides into different languages.
- Creating a decision-making guide specifically for your audience or translating this one.
- Producing videos or blog posts catered to a specific audience about Stakehouse LSD Networks.
- Utilize Twitter for threads, tweets, and memes about Stakehouse LSD Networks.
- Cross-posting Blockswap videos on your platforms.
Proposal
- 20 million of the 50 million for Stakehouse Grants be allocated to this campaign.
- Blockswap DAO would empower the Grant Council to oversee this campaign.
- Tokens are only distributed to LSD Network owner’s manager addresses.
Conclusion
This Temperature Check aims to assess the community’s interest in this innovative BSN token distribution campaign designed specifically for Stakehouse LSD Network owners. Your feedback and constructive criticism are highly appreciated and will contribute to shaping a robust and prosperous Blockswap ecosystem.