Test-to-Earn — Redefining how we will provide value to VSO stakers.
If you read our latest Medium article or watched our year in review video, you should know that we have been heads down working to build infrastructure to connect DeFi to TradFi — starting with our marketplace containing the financial service products we’ve helped our partners launch — we have also been working to ensure that the VSO token utility will allow for value capture by our ecosystem’s participants. One of the methods is through the test-to-earn model, which provides product validators with seriously interesting passive income generation opportunities and makes for some solid due diligence practice.
Both of our TrustSwap staking pools ended on the 1st and 6th of January, respectively. They were intended to incentivize VSO holders and as we mentioned, they were very successful, with a TVL of over 17% of max supply being consistently maintained throughout their active period.
Now, as we are adding more products and making them widely available via the Verso Dapp, the opportunities to capture additional economic value for VSO hodlers are increasing. We wish to make this framework clear with the community.
There will be two ways to participate and earn passive income:
- Become an ECOSYSTEM STAKER. If you hold VSO in your wallet, you will be able to stake in our ecosystem vault. Whenever a financial product is purchased through Verso, a slice of the revenues will be poured into the vault and distributed to participants in the ecosystem. As the platform and sales performance grows, this slice becomes significantly more rewarding.
- Be a VALIDATOR. We will offer two validator role categories; product validation and compliance validation. As mentioned in our latest #VersoAnswers, product validators will test the products to be made available on our platform for legitimacy, usability, functionality, etc. While compliance validators will perform activities to ensure adherence to compliance matters. These validator rewards will accumulate per conversion of the products they have approved.
The allocated sales revenue slices will be contained in different vaults. These will be subject to substantial growth and will serve as a passive reward stream for ecosystem participants and holders.
The requirements to become validators will include the staking of 10k-1mill VSO depending on the role.
What we’d like to emphasize here is that Verso is planning a shift from temporary rewards reliance (like staking farms) towards a mechanism we’ve created that will distribute meaningful value amongst participants. E.g. Test-to-Earn.
Expect to hear from us around Q3 regarding more details about these incoming participation opportunities and how they tie into our business model.
In the meantime, our holders will continue to get the love they deserve and we will be announcing our new staking opportunities tomorrow, January 14.
