wanted to put my thoughts on Stakewise in the world, looking forward to your feedback.
In my view Lido has clearly won the liquid staking derivate game when it comes to DeFi integrations.
stETH is basically like USDC in the mind of the people, where Lido, similar to Circle, does not need to incentivize their asset anymore as its the default for most people anyway.
So how can Stakewise grow significant marketshare?
The USP of Stakewise is V3 … your vaults… (obviously lol)
And this where we should put in the incentives in my opinion. Ok having deep liquidity is important but that doesnt fuel the growth of the protocol effectively in its current form.
This is what im thinking:
1. Incentivize Vault Operators
So instead of incentivizing user deposits we should give incentivizes for vault operators, where they receive SWISE rewards for increasing their TVL in their individuals Vaults.
You want to make them ambassadors of your protocols and have them try the hardest to increase their own vaults TVL.
Any other incentives will likely just get farmed and dumped. (Vault operators are alinged and might not dump as much as mercenary yield farmers)
This incentivization does not need be build in a complex smart contract way, a simple frontend in a leaderboard style design which tracks the $$$ increase for each vault, and show that lets stay 10k$ USD of rewards per Week up for grabs and to be distributed to the top 10 vault operators. (Top 10 highest $$$ value increase)
(Reward size needs to be high, so there is a real incentive for current operators but also for new operator to enter !)
I truely think this could fuel a lot of growth!
Excited for your feedback !