[2412 BIG Wave IV] Open pool for Tokenized Microstrategy On Rootstock - Sailing Protocol

Grants & Incentives
1

Open a Tokenized Microstrategy (MSTR) liquidity pool and provide seed liquidity.

This pool will allow Rootstock users to buy and hold MSTR Stock Tokens fully on Rootstock, directly in their wallets. By holding MSTR Stock Tokens, users gain unique BTC exposure—tapping into Microstrategy’s treasury strategy for leveraged BTC positions. Through the Sailing Protocol, we bring MSTR on-chain, delivering this distinctive BTC-focused opportunity within the Rootstock ecosystem. Additionally, this initiative provides powerful marketing material, enabling us to promote “Tokenized Microstrategy for BTC Exposure on Rootstock.”

We request $9,000 to open this pool and provide initial liquidity, while allowing anyone to come provide further liquidity afterward.

1 Like
2

Hello, it was unexpected to find the new proposal requesting a smaller amount of initial liquidity to have less support than the original proposal requesting 10x more funds.

Here is the new proposal: https://app.rootstockcollective.xyz/proposals/65323648303795808796323790472562695894336614040265498701500256598657073677118

Would it not be appealing to have tokenized Microstrategy on Rootstock? It would be fantastic to have some feedback to know if this is simply not interesting or if there is any other concern.

Thanks

3

Hey Nico,

Given there is an open thread on this already, can you tell us why you decided to create a second one, instead of replying to the first?

4

This is a different proposal!

5

Perfect. Could you expand it so that readers of the forum can see all the necessary information in one place?

Thanks!

6

I loved the idea of a smaller, open pool, in which we, users, have an incentive to add liquidity.

1 Like
7

Hey @rspa_StableLab, thanks for the comment. These are different proposals. In the previous proposal there is a suggested $100,000 initial liquidity, while in the current proposal we only allocate in the order of $9,000 of initial liquidity. Users are then welcome to provide liquidity (they pool has a native yield; plus if MSTR appreciates then the users profit from the increase).

1 Like
8

The users would provide liquidity to a (fairly) traditional LP pair? i.e. MSTR/rBTC?

I loved the 9k proposal, I don’t understand the negative votes. Maybe people expected it to be limited to $5k, which was the proposition for the Wave 4?

If this is the case, maybe you put forth a $5k proposal, and we’d have to get a little organized, and make sure to provide a decent amount of additional liquidity from users.
Then again, with a smaller initial liquidity, users would have more incentive to add their own. You’d just have to communicate accordingly, let users know beforehand.