SAIL Utility & Staking

SAIL is for Governance

Staking 
The DAO has voted to distribute the DAO Protocol fees (ETH/WBTC/USD) as "Real Yield" to those who stake SAIL to participate in voting and governance (similar to xSushi or veCRV tokens).
The staking contracts are currently under development. To suggest specific mechanics (e.g. vesting) join the Alpha for SAIL hodlers channel on Discord (you must first acquire SAIL for access) in the Discord. To receive updates, follow on Twitter.
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Related Information:
For information on Protocol Fees, see:
How Clipper generates Protocol Fees (it captures excess returns above the benchmark).
View Protocol Fees on TokenTerminal.
The magnitude of the opportunity: See Projecting Protocol Fees (and if you believe volumes matter more, here’s how to Projecting Volumes).
DEX traction: Clipper DEX performance ​
Positive organic returns for LPs: Data and Benchmark Performance​
SAIL and US Securities Regulation
AdmiralDAO studied the US regulatory landscape at issuance explained its analysis in a recent blog post.​
Following the airdrop, the Community proposed staking in the following proposal: AP: A Staking Program for Distribution of Clipper Revenues. Please note the provisions related to legal review therein.

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Last modified 30d ago