Post by @potential • Hey
@lens/carlosbeltran has recently invited the public to suggest ways for Bonsai to move forward. Here's my 2 cents in a form of BIPs - Bonsai Improvement Pr
Comments
- **BIP-3: Crowdsourced Bonsai merch, purchase with $bonsai**
(1) Make a competition to create art for the merch, public voting to choose the best ones. If chosen, artists get a cut from sales.
(2) Competition submissions can be via collectable posts.
(3) Can later be showcased together with Lens merch in events, if Lens core approves.
(4) The same model could be used to level up Lens merch as well. Wdyt @lens/stani ?
- **BIP-4: Find IRL partners for Bonsai**
Look for IRL partners that optically relate with bonsai, do some IRL stuff with them. Maybe there are soundalike brands, etc. Any ideas?
- **BIP-7: Bonsai as collateral in lending markets**
Using Bonsai as collateral to borrow USDC or WMATIC. Pros - a place where to park your long term bags. Cons - possible liquidation cascades down the line.
This should definitely NOT include borrowing Bonsai itself, as it would create shorting opportunities. We do not want that for such a volatile asset.
@lens/stani what about an experimental isolated market on AAVE?
- **BIP-9: Bonsai on other chains?**
A bridge to @lens/base maybe?
- **BIP-5: Staking**
This is probably in the works, as it was mentioned by the team numerous times. Maybe @lens/carlosbeltran @lens/natem @lens/seliqui could shed some light on what’s coming and how it will work?
- **BIP-6: List Bonsai on a major CEX**
Not sure what is the right time for it, and what CEX. We all want Binance, but 🙂.
- **BIP-2: Use Bonsai for universal tipping on Lens, in a way that makes funds stay in the ecosystem**
We can collect, but that is mostly for art. You just don’t add collect options to every comment of yours. If we could use Bonsai and other tokens to freely tip on any post or comment, that would make it easy to reward not only good art, but also good thoughts. This concerns ecosystem apps as a whole, but the Bonsai team could of course find ways to encourage them.
One of the ways could be a mini airdrop specifically for tipping. Orb in-app wallets could be used as recipients of at least a part of such an airdrop. It is quite ideal for that, as there’s no way to move funds out, at least for now. The only way to use them is spending on collects, tips and other OAs.
- **BIP-1: Prioritize long term utility for Bonsai**
At this point, Bonsai should concentrate on longer term value and real utility. Airdrops for the sake of airdrops will simply dilute the supply.
Ideally, adoption and user base must expand faster than circulating supply increase via next airdrop stages. Hence, there should be adoption targets set to be achieved before each subsequent airdrop phase.
- **BIP-8: Incentivise LP provision for Bonsai**
More LP will definitely help to stabilize prices. What organic incentives could there be, apart from getting a bigger airdrop down the line?
What about an OHM like model where users can buy coins with discount for a certain lockup or other conditions, and these funds are used to bootstrap the LP? A voucher that makes you eligible to participate (or to get an extra discount) can be earned by being a net positive Lens community member.
- All that is good, but if the token can't do anything that can't be done with ETH or stablecoins, then there's no purpose for it exist mid-term, after the meme has faded
- 👀👀
- Excellent ideas 👏
- No proposal for Tipping allowances ?
This should be a first imo
- Make it transferable to cold storage. Ledger doesn't support it as of now. This is disheartening as more advances in malicious contract codes and sweeper bots become more prevalent. This token has great potential to be in the market for many years for so many. I'd love for that to be the case. It would be great to be able to keep them on cold storage.
- Holy... You can wrap up a white paper for it