RFC #1 - Proposal for Wagmi DAO and Kava Partnership

You have my vote. As we have to start small and somewhere. Best of luck to one and all :+1:

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Hi guys. I use only USDT in work and know that not every network supports it due to bureaucracy or whatever. But Kava does have it and it attracts me. Yes, for sure!

The big and funded team wants to boost us and earn in several years perspective after the successful project raise. That is live-needed for us to get additional community. Also no proposals for a long time that was sad.

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Speaking from a WAGMI holder’s perspective, it’s sad to witness the token price drop to 0.01$. However, if this price reduction opens up opportunities for us to explore new markets, generate increased commissions and ultimately boost the token’s value as I anticipate then count me in for a “yes” vote on the proposal.

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I have contact with some members of kava and truly say - they impressed me. Wide open, easy-going, focused people. I am sure they know what they do and they see a big potential in wagmi and want to make it even bigger and better. Vote “yes, yes, yes”

Hey folks! I’ve been hearing a lot of talk about prices and discounts lately, so here’s my take:

For WAGMI:
*Market cap: $83 million
*Daily trading volume: 7-8K, making it vulnerable to price drops.

Now, let’s talk KAVA:
*Ranked 65th with a market cap of $500 million.
*Daily trading volume: 8-10 million.

Picture this: What if we swapped tokens without restrictions? WAGMI could sell its 2 million KAVA tokens. If they play it smart, they might get around 1.8 million USDT. But for KAVA holding WAGMI tokens, the low volume means they will gain nothing. So, this proposal seems to favor WAGMI more.

I believe this is why WAGMI is offering a 50% discount – it’s like a bulk deal.

Hi.

Kava has the potential to serve as a valuable bridge to new connections that can benefit us. Drawing from my experience in web3 from the business development angle, I’m well aware of how challenging it can be to establish the right connections.

Considering Kava’s keen interest in fostering WAGMI’s growth, it’s safe to assume that they will go the extra mile to facilitate our expansion. Kava essentially acts as the intermediary connecting us to the essential contacts and opportunities, making the path to growth more accessible and streamlined.

Any information on when the voting starts and how much time it will pass?

wow. That makes sense

I already see how my crypto bag makes x1000. Let’s make it real guysssss!!!

On what venue are you seeing Kava trade $10m in daily spot volume? On chain volumes are ~$100k and binance average volume is closer to $3m (if you trust binance spot volumes)

Wagmi volume will certainly increase once the team launches liquidity. I’m hoping they launch on Eth (which has $500mm daily on chain trading volume) over Kava (which has $150k daily on chain volume)

There are 11 different blockchains that have native Usdt, of those blockchains Kava has the LOWEST average trading volume. This is not a particularly unique value proposition imo

What contacts do you see Kava connecting the protocol to? Ethereum is undoubtedly the center of the on chain ecosystem, why would we have less access to these useful people if we were there

Also Dani is a seasoned defi builder and has plenty of prior relationships. Why do we need to rely on a chain with 0 unique dapps that have captured mainstream attention?

I suppose we should not treat kava as the worst choice that we have from your words. All we want the best, but maybe it is just a good start.

Can someone help me understand how Kava helps with CEX listings? AFAIK there’s a standard application process + fee to get your token listed on a CEX. Outside of the $kava token there are 0 ecosystem tokens on t1 CEXs currently

Dani has gotten $spell listed on binance and Coinbase

Huge push back on the idea that “ethereum users aren’t willing to try new things”. Eth is still undeniably the center of the on chain world and the major hub of innovation.

We’ve had a huge rush of on chain volume from March-July this year, almost all of that happened on $eth and $eth L2s. Can you point me towards a unique kava protocol that’s achieved adoption? If you look at the top 10 by tvl on defillama it’s ALL either 1. AAVE/Uniswap forks 2. Eth protocols going multichain

Kava has all the pieces of the puzzle and they’ve been grinding for years to become a top chain. Hope it passes.

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We should be thankful and don’t lose good opportunities. Let’s support it!

Looking forward to accept the proposal. Let’s destroy this bear market with kava :fire: :fire:

btw good thought. only 4% of total wagmi supply. is that bad? as I understand they will be locked for 1 year at least