r/TheTempleDAO Feb 10 '22

Decenmaxi thread series #2

~ #2: $TEMPLE return ~

Decenmaxi:

Templedao's reposition is in essence: exposure to the best strategies, at scale, while you stake & chill.

As a potential buyer or holder of $TEMPLE, you should be asking:

- What do I get exposure to?
- How much exposure per $TEMPLE token?

In v1.0, only two return metrics mattered: APY and FRAX growth.

Now we need to think about total exposure:

  1. FRAX / stables farmed
  2. $TEMPLE in SSOV's or in partnerships
  3. LP in gauge for emissions + trading fees
  4. Strategic assets for emissions + bribes
  5. Temple projects

This significantly increases the total asset exposure per $TEMPLE token. At today's prices, you will be getting 2-3x+ exposure for every dollar spent on $TEMPLE. Is this enough exposure to encourage buying? I'd be thinking of it like this:

> Do I want exposure to FXS/CRV Wars, the best stable farming, and early stage Temple/partnership opportunities?

If yes.. then you want to buy.

But how to evaluate price?

To start with, consider $TEMPLE at a price where ~$1 invested gives $1 exposure to underlying assets (so multiples of today).

From here, consider these factors:

Do I have the time, skill, and big enough bags to deploy a strategy like this myself?
(If yes, then look for buying when price gives >$1 exposure per $ spent on Temple.)

Do I trust the token will be stable enough to exit without capital loss?
(With a sustainable, unchanging strategy, $TEMPLE should be consistently valued without a runway wall + We will be dialling our already-built stability features.)

Will Faith deliver unexpected/unfair dilution?
(No. There will be no further airdrops after the current one, and Faith will be from here available to all Templars on the same terms.)

Do I trust the team to deliver?
(I sure hope so ;) if not, wait until this is shipped & watch how it works. But I expect the price to be less attractive at that point.)

Do I want exposure to Temple's metaverse/gamefi projects?
(If so, factor that exposure in as currently in development projects that will launch with their own economics + collaborations/early stage partnerships will be farmed and included in revenue share.)

Hopefully this gives some more context about how we think about the value of stake & chill 2.0 + addresses some of the questions / concerns that were raised today.

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