ingestion: archive futardio proposal — 2025-03-05-futardio-proposal-should-sanctum-use-up-to-25m-cloud-to-incentivise-inf-sol-li.md
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type: source
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title: "Futardio: Should Sanctum use up to 2.5M CLOUD to incentivise INF-SOL liquidity via Kamino Vaults?"
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author: "futard.io"
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url: "https://www.futard.io/proposal/6mc1Fp6ds8XKA2jMzBDDhVwvY6ZCGg6SNqvHy4E6LS7Q"
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date: 2025-03-05
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domain: internet-finance
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format: data
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status: unprocessed
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tags: [futardio, metadao, futarchy, solana, governance]
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event_type: proposal
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---
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## Proposal Details
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- Project: Sanctum
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- Proposal: Should Sanctum use up to 2.5M CLOUD to incentivise INF-SOL liquidity via Kamino Vaults?
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- Status: Passed
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- Created: 2025-03-05
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- URL: https://www.futard.io/proposal/6mc1Fp6ds8XKA2jMzBDDhVwvY6ZCGg6SNqvHy4E6LS7Q
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- Description: INF has been one of the best SOL-based assets for a long time now. It just slightly underperforms the best available LST on the market but outperforms the two most popular LSTs on Solana, mSOL and jitoSOL.
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- Discussion: https://research.sanctum.so/t/cloud-003-should-sanctum-use-up-to-2-5m-cloud-to-incentivise-inf-sol-liquidity-via-kamino-vaults
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## Summary
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### 🎯 Key Points
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The proposal aims to incentivize INF-SOL liquidity using up to 2.5M CLOUD by offering liquidity providers a higher initial yield of 20%, transitioning to 15% thereafter, to deepen the liquidity pool via Kamino Vaults.
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### 📊 Impact Analysis
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#### 👥 Stakeholder Impact
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Liquidity providers (LPs) stand to benefit from enhanced yields, fostering greater participation in the INF-SOL market.
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#### 📈 Upside Potential
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Increasing liquidity could position INF as a leading liquidity hub for LSTs on Solana, attracting larger depositors and enhancing market stability.
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#### 📉 Risk Factors
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The proposal carries the risk that the necessary liquidity may not be achieved, potentially leading to underperformance compared to established alternatives.
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## Content
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INF has been one of the best SOL-based assets for a long time now. It just slightly underperforms the best available LST on the market but outperforms the two most popular LSTs on Solana, mSOL and jitoSOL.
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without jupSOL, outperformance is even more significant:
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Despite INF’s strong performance, the INF-SOL liquidity isn’t deep enough currently. This is a concern for large depositors who wish to exit INF in size. Additionally, If INF is to become the liquidity nexus of Solana for all LSTs, it will require a deep pool of SOL native liquidity. We therefore wish to grow SOL native liquidity by incentivising INF-SOL Kamino vaults.
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Why Kamino vaults? More than 95% of existing xSOL-SOL liquidity on AMMs comes from Kamino managed vaults which suggests that users aren’t keen to provide liquidity unless their positions are managed by a third-party, and automatically rebalanced. See for example this Orca jitoSOL-SOL liquidity diagram:
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The INF-SOL Kamino vault strategy has been a great place to park your INF. In fact, the INF-SOL vault has outperformed a 100% INF HODL strategy, most likely because of the very high capital velocity (high trading volume relative to TVL).
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Source: Kamino INF-SOL vault [(Kamino | Solana Concentrated Liquidity Layer)](https://app.kamino.finance/liquidity/Eud3oi6ibDdYyE5UoeaSWH3vttsuSU4ikHc5oY2E9831)
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The industry standard is to offer LPs a 15% combined (fees + incentives combined) annual yield. To incentivise initial liquidity even more, we propose to offer LPs a 20% yield for the first month, then dropping to 15% henceforth. Depending on TVL increase/decrease and price of CLOUD, the Kamino team will be in charge of guaranteeing a 15% APY on up to $2.5M TVL, or until 2.5M CLOUD is exhausted, whichever comes first.
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Assuming the $2.5M TVL cap is reached, incentives should last 6 months at least.
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## Raw Data
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- Proposal account: `6mc1Fp6ds8XKA2jMzBDDhVwvY6ZCGg6SNqvHy4E6LS7Q`
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- Proposal number: 4
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- DAO account: `5n61x4BeVvvRMcYBMaorhu1MaZDViYw6HghE8gwLCvPR`
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- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
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- Autocrat version: 0.3
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- Completed: 2025-03-08
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- Ended: 2025-03-08
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