Reinvest: Purchase other Invictus tokens with ICAP
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F7K2
Really hoping this is implemented. Huge incentive to keep staking. I can only imagine there's a decent amount of people like me who love the idea of the ICAP reward but don't want to put much effort into getting the value out of it. And to me the greatest thing I could do is not "cash" it out but to buy more C20!
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Agape
Based on a recent Discord discussion, some ideas on this:
Invictus could allow ICAP as an investment currency into the funds, priced via TWAP or other suitable models at time of investment or a forward-pricing model. Perhaps the investment paid in ICAP would be forward-priced to the time of the next weekly ICAP buy and burn.
The ICAP would be stored internally and when the internal balance is enough to cover a weekly buy and burn, the tokens would be burned from the internal wallet instead of Uniswap.
This would save on IC gas fees and more importantly prevent buy and burn frontrunning for the week. Meanwhile users would have a new way to spend their ICAP.
Nicolás el Calamari
Agape: I like where this is going! Victoria van Heerden :-)
Jan Löschmann
Agape: I think the savings of the gas fees is a big incentive for owners to reinvest their ICAP into funds. I really hope to see this feature added one day 👍
Nicolás el Calamari
There has been some recent discussion about this and how it could be applied to the treasury. I think Daniel Schwartzkopff added it to their internal roadmap.
Victoria van Heerden
Interesting suggestion, Alex Bradner! Another user on Discord suggested that the community treasury pool could be used to buy other Invictus fund tokens and have them distributed amongst ICAP holders proportionally.
Nicolás el Calamari
Victoria van Heerden: Also pretty neat!