Introducing Kassandra’s Managers Incentive Program

Kassandra Foundation
4 min readJul 27, 2023

--

Kassandra Managers Incentive Program
Kassandra Managers Incentive Program

We are thrilled to announce a novel initiative at Kassandra — the Managers Incentive Program. This program has been designed to invite skilled managers to devise thematic managed pools that cater to the diverse needs of investors.

Why Did We Create the Program?

Since our launch, rewards have only been allocated to our official pools. With this new incentive program, we aim to extend these benefits to new managers as well, thus driving the use of our pool creation and management tool. Our primary motivation is to stimulate increased utilization of our platform, which we believe will in turn enhance our Total Value Locked (TVL).

Strategically, our core team is currently focused on enhancing our platform and preparing for future growth in usage and TVL. We firmly believe that bear markets present the ideal opportunity to construct essential features for our product, so when the next bull market arrives, we are primed to gain traction and skyrocket in usage and TVL.

How Much KACY is Allocated to This Program?

A discussion will be created on our forum and a governance proposal will be put forward. Our core team believes that we can renew incentives every three months. For the next quarter, we’re considering allocating 59,000 KACY, although this will be discussed with the community and voted on in governance.

Pool Selection Process

The selection of pools that will receive benefits can also be discussed with the community. However, our initial idea is to keep this process as close as possible to our product team at the beginning. We aim to evaluate cases individually, get to know our managers, and within the KACY spending limits per quarter, decide which pools will receive incentives.

Our future interest is to establish a gauge voting system, allowing the community to use their voting power to live-decide where these incentives will be allocated. However, for the time being, at least during the next quarter, we hope to earn the community’s trust to manually allocate these rewards, always within the maximum limit established by governance. Code is law.

Community Benefits

The core benefit to our community from this program is straightforward — increased usage of the Kassandra platform. With more utilization comes more revenue, and with more revenue, we are better positioned to benefit our token holders.

We believe that adoption and usage should precede token engineering. The protocol collects a 0.5% annual fee from the Total Value Locked (TVL), and it is our intention to discuss in the future how these fees can be better used to reward our token holders. By increasing our adoption, we generate more revenue, and with more revenue, we can better compensate our token holders. This program is the first step towards that long-term goal.

Key Benefits for Managers

As part of this program, managers gain prime visibility on our ‘Featured Pools’ section, active promotion by our dedicated marketing team, and staking rewards in KACY, our native token, for their investors.

This means that Incentivized Managers’ Pools will gain substantial exposure through Kassandra’s promotion apparatus, attracting a broader audience of investors to each featured pool and the ecosystem at large. The staking rewards offer an enticing incentive for investors, providing an additional advantage for newcomers to the platform.

How to Get Started?

Ready to be part of this revolution? Fill out the form on our Program’s landing page with the specifics of your pool’s idea. Remember to explain which type of Investor’s Profile your pool is meant to attract, provide details of your management directives, and describe why the assets that will compose your basket fit your strategy’s guidelines.

If you’re unsure about any particulars or simply want to discuss your idea for further development, schedule a chat with our team. We’re here to help. And even if you don’t have a specific pool in mind, that’s perfectly okay. Kassandra will create new pools and offer their management to interested managers.

Conclusion

Kassandra’s Managers Incentive Program is the first step in our long-term plan to increase the use of our platform and bring returns to our entire community. This program is not just about benefiting every member of our community, it’s about shaping the future of decentralized finance and establishing Kassandra as the premier platform for tokenized managed pools in DeFi.

About Kassandra

Kassandra is a decentralized autonomous organization (DAO) asset management platform that simplifies the process of creating and investing in tokenized portfolios. It utilizes Balancer’s Managed Pools and offers a unique approach compared to other asset management platforms.

Website | Twitter | Github | Discord | Telegram | Docs

--

--

Kassandra Foundation

The decentralized autonomous organization that governs tokenized data-driven investment funds