Summary: Redirect some revenue to Alpaca NFT staking.
Abstract: Now Alpaca NFTs have no value and utility, i have 11 of these(mostly for Grazing Range) and there is nothing i can do with it. Btw these NFTs are reward for my loyalty to the Alpaca Finance. I’m sure other people have the same problem and we would be happy to get some % of performance fees for NFTs ownership.
First of all:
by “Alpies NFT” i mean limited edition of The Dauntless & The Dreamers collection
and by “Alpaca NFT” i mean all other NFTs related to Alpaca Finance which you can get for participation in Grazing Range and other marketing & partnership events.
So today we already have functionality to stake Alpies NFT, so this shouldn’t be a problem to extend this for staking all other Alpaca NFTs.
Also i suggest to redirect some performance fees like this one:
“2.5% of 5% royalty fees on Alpie NFTs sold in the secondary market go to ALPACA buyback & burn” and maybe some others.
I can’t propose exact numbers of % which can be offered for NFTs staking because only Alpaca team members have information about the actual revenue flow from each Alpaca service, so i believe it will be better if Alpaca team will decide the exact amount of reward for Alpaca NFTs staking, i’m only suggesting the mechanism.
So for example:
each Alpaca NFT will give you some weight and each Alpie NFT will be multiplier of you summary weight.
So if i have 4 Alpaca NFTs(there are also different amount of points for different rarities of it (Green, Silver, Gold tiers)) and 1 Alpie NFT, in case if every Alpie NFT multiply my weight to 10, then i will get 2 points for 2 Green NFT, 4 points for 1 Silver NFT, and 8 points for 1 Gold NFT, or something like this. So it will be (2 + 4 + 8) * 10 = 140 Alpaca points, and my weight is 0,056% among all other people with NFTs, so i will get proportional Alpaca token reward.
Motivation: Alpaca & Alpies NFTs will get more value because of additional utility with real rewards for staking.
People will get more motivated to stake more Alpaca tokens in the Governance vault to get more Grazing Range NFTs.
Alpaca staking functionality is already developed so it can be extended to the local NFT marketplace in future to make people trade and collect NFTs.