Kassandra DAO is most similar to the traditional financial product of the index fund. The protocol created two index funds to start, they are called aHYPE and Tricrypto (K3C). Each index offers a unique composition of goods.

This is the aHYPE fund composition. The AVAX of the fund is now yield-bearing sAVAX accruing gains via the Vector Finance farm on Yield Yak. More portions of this fund with a shift to a yield-bearing strategy. The aHYPE fund includes:

K3C is unique as it includes yield-bearing assets. These assets are deposited on Yield Yak so the underlying assets are still accruing yield in the index. K3C includes:

aHYPE and K3C can be staked for further KACY token emissions. This rewards the holders for participating in the system. This means you can yield on AVAX gains while holding aHYPE index and receive additional KACY rewards as well.

This means underlying assets of the index funds are generating yield in auto compounding farms plus your index find tokens can be staked for additional revenue on top. APY for given assets in the funds can be north of 60%+.

Governance for the system occurs based on staked KACY. Proposals are now live so KACY utility is in full effect. Users can KACY stake to earn votes. These votes are cast on decisions such as protocol emission rates, new index funds, and the replacement of assets and strategies in existing funds.

Governance for Kassandra DAO is currently an enjoyable forum of like-minded individuals excited by these new opportunities. I have a Miner profile spun up as well. This allows me to have a more social experience in the DAO. This profile does show positioning public, so if you don’t want people seeing your votes, then I wouldn’t make a profile!

I stake my KACY in different portions of the DAO vote accrual system. Below is a breakdown of how I utilize each KACY staking pool. The bulk of my KACY lives in the 15 Day lockup farm. I enjoy the reward rate for the given lockup period.

As an active member of the DAO, I have participated in both Forum discussions and formal proposal voting. Below is a link to a Forum proposal I wrote a few weeks back:

Miner's Kassandra DAO Proposal

In only the early stage of the DAO, we get more than 60 views and 8 replies to a simple discussion. This may not seem like much for a couple of weeks, but I’m extremely bullish on the small community we have.

I applied to be a Fund Manager for the DAO. This means that if I am selected, I could help curate a basket of tokens that yield via different strategies. Watch out for the rgtETF! I’ll be able to hopefully get this ETF pushed live, as well as potentially other ones that I have in mine.

Poll

Thank you for reading Miner's Monday Meeting. This post is public so feel free to share it.

Share