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LevX
I had shared a post called Sharkpunks 2.0 that includes:
  • VE tokenomics
  • Farming using sharks
  • SPX token airdrop
This is a proposal to consolidate that plan into $LEVX + THANO$ and build a yield farming protocol for all the NFT projects for a better growth of the DAO.
Motivation
There are thousands of NFT projects on Ethereum but without utility they’ll eventually be doomed. We can meet their needs by letting them join our yield farms. It’ll create a continuous demand of LEVX, iykyk.
Specification
Consolidating SPX into LEVX
Launching a new token always encompasses its own risks. Without a good tokenomics or strong liquidity supporters, new token couldn’t be successful.
We could launch SPX and start from scratch but it’ll be a more realistic decision to focus on one major token, LEVX. Most Sharkpunks holders will have LEVX as well so they’ll benefit from this even without SPX.
Bringing in other NFT projects
Sharkpunks 2.0’s core idea was to make holders stake SPX to boost their yield reward. It would work well but what if we open up the boundary to other NFT projects like doodles, ENS, sushimi, etc so that they can also farm here? The impact will be significantly stronger than only one project.
Only whitelisted NFT projects can join the farming and it’ll be decided by THANO$ governance. Once whitelisted, holders will stake their NFTs to receive THANO$ in return which will give them LEVX for a period up to 2 years. They also have motive to buy LEVX to raise the reward boost level for their project.
We could expect something like curve wars will happen here because it’s basically a competition between projects. They receive their reward for a respective NFT but the reward boost is consolidated project by project.
What about SPX&Sharkpunks
Because we won’t launch SPX, 3,000 LEVX from the treasury will be given away for those who contribute for sharkpunks with same breakdown:
  1. Be a price-increaser of Sharkpunks NFTs (60%)
  2. Be a contributor in discord (25%)
  3. Be a noisemaker in twitter (15%)
Sharkpunks auctions will start from next week as planned, and it’ll be the first whitelisted NFT project with 10x default boosted APY.
Roadmap
Core team will start reaching out to solid NFT projects with strong supporters if this proposal gets passed.
veLEVX token will be deployed soon so what’s left in terms of development is farming contracts, which I can reuse most part from maidcoin, and frontend.
Estimated development period is 2 weeks from now(alpha).
Conclusion
$LEVX wasn't doing well these days but now it’s time to rise up. I’m pretty sure this proposal will make shine again (even in this bearish market).