Upcoming Opportunities to Yield More in Osmosis and Luna (Terra Chain)
When the hype in DAOs came about I never understood why it was such a great thing. Seeing projects like Wonderland and Rome Dao struggling and losing value it did not appear to me DAOs where good to invest.
On the other hand as I have been using different projects that provide stake holders a way to vote on decisions I have come to appreciate DAOs.
Osmosis Proposal 172
In less than a day there will be a vote passed for having Luna/Osmo and Ust/Osmo pools be applied with superfluid staking.
Currently Osmosis only offers 1 superfluid staking pool and that is Atom/Osmo with half of the Osmo in the participating staked in single stake of Osmosis. To have both pool yield and staking yield it is more gains for investors.
This is only possible as majority of voters are willing to approve the proposal. This is apart of the processes of a DAO. Osmosis stakers can vote on approving proposals and the current one with superfluid staking is likely to pass. Once pass in a couple weeks or so the pools will be updated with superfluild staking.
Spectrum Proposals 39 and 40
Over on Spectrum another proposal being voted on is single staking bLuna and bETH. This is interesting as they will be the first pools on Spectrum that will have no permanent losses and be auto-compounding.
in order to vote on these proposals investors need to stake Spectrum tokens on the protocol. With less than a day to go on these proposals it is currently also likely to pass. This means in the near future both nLuna and nETH single staking pools will be on Spectrum.
If you read carefully I first mentions people who have bLuna and bETH will be earning more but the Spectrum pools being passed are nLuna and nETH. Well it is because in order to get nLuna and nETH investors need to stake their bLuna and bETH on Nexus Protocol.
Conclusions
The excitement for me is real. I have been hearing the rumors of these new upgrades happening and now that voting is likely to pass new opportunities to increase yields are coming soon without having to add any additional risk.
DAOs are awesome when applied correctly. Having the choice to vote for proposals to benefit the users are great. This helps long term running of the protocols. This appears to be working on Cosmos protocols well such as what we mentioned in Osmosis and Terra's Spectrum.
None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!
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