Skate DAO Genesis Proposal: Entering Chapter 2

General
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As with any startup, the early phase is about experimenting, testing hypotheses, moving fast, and seeing what sticks. Once a company goes public, however, it must operate with discipline around a solid foundation. Skate has followed a similar path. We tried many things, and now, as our stack nears being feature-complete, the next step is clear: achieve true product–market fit.

What We Achieved in Chapter 1

Our early campaigns and experiments were not just noise; they delivered real results and validated the design space of stateless applications:

  1. Cross-Chain Liquidity Management
    Settled close to $4.5 billion in trading volume across 16 chains through our liquidity management infrastructure, Range Protocol.

  2. Core Stack for Stateless Apps
    Built the foundational Kernel + Periphery architecture that enables stateless applications to run natively across ecosystems.

  3. Proof of Stateless Composability
    Delivered an MVP that enabled Polymarket on SolanaVM and TonVM, demonstrating how apps can span alt-VMs seamlessly.

  4. Skate AMM Traction
    Settled over $500 million in trading volume through Skate AMM, proving the potential of stateless liquidity and cross-chain settlement.

These achievements showed us not just that the technology works, but that the market is ready for a new model of global, stateless applications.

Entering Chapter 2 — The Start of Skate DAO

With our TGE completed, we now enter a new phase. This is the beginning of Skate DAO. The experiments of Chapter 1 are behind us; the governance, incentives, and alignment of Chapter 2 begin now.

Our DAO will decide where incentives flow and which activities should be prioritized. The focus will initially center on two goals:

  • Growing protocol activity by expanding liquidity, increasing trading, strengthening staking, and amplifying usage across altVMs.

  • Driving technical mindshare by attracting developers, builders, and new stateless applications into the ecosystem.

A New Incentive Framework

As a community, we now must align on what to incentivize:

  • Liquidity on Solana, EVM, and Sui (AMM Phase 2 DROP IN).

  • Trading activity tied directly to revenue.

  • Referral and leaderboard mechanics tuned for substance.

  • Inflation channeled into Skate’s EigenCloud AVS, expanding Skate’s security.

  • Grants to support builders of tooling, dashboards, and new stateless apps.

  • Campaigns to grow altVM-native wallet mindshare.

Initial Activities We Plan to Incentivize

  1. Wallet Campaigns (Solana, EVM, Sui)

    • Targeted campaigns on all three initial VMs to drive user flows through the Skate AMM frontend.

    • Activities incentivized include both adding liquidity and trading through the Skate AMM frontend.

    • This forum can be used to finalize initial budget allocations and the specific wallets to include.

  2. Protocol Revenue Distribution and Staking Yield

    • On 28th August 2025, another protocol revenue distribution will occur to Skate stakers on Skate’s EigenCloud AVS.

    • After this distribution, DAO members will vote to determine the exact weights of revenue split between Skate stakers and ETH restakers.

    • Beyond protocol revenue, yield for stakers may also be supplemented from the community distribution bucket in SKATE tokens.

    • Importantly, we will move to a weekly buyback model where all protocol revenue is recycled into SKATE buybacks, converted into ezSKATE, and distributed as yield to stakers.

  3. Kaito Speed Run 2 Draft

    • This forum will also host draft details for Kaito Speed Run 2, with incentives designed to reward social engagement (yappers) as well as protocol activity driven through referrals.

    • The goal is to connect community energy directly into protocol flows.

  4. Grants for Builders (Hackathon Model)

    • We will open grant programs for tooling, dashboards, integrations, and new stateless apps, structured like an online hackathon.

    • Grants will not be paid as lumpsums. Instead, distribution will occur in buckets tied to checkpoints of deliverables.

    • This ensures accountability while encouraging sustained contribution to the stateless ecosystem.

Conclusion

Skate has proven the technology, reached meaningful traction, and completed its TGE. Now we turn to governance. This is the start of Skate DAO. Chapter 1 was experimentation; Chapter 2 is alignment and discipline. Together, we decide what gets built, what gets incentivized, and how we achieve product–market fit.

The future is stateless. The future is Skate.

1 Like
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Interesting, this is very lovely roadmap… I am really excited for what Skate is about to achieve in this chapter and glad to have contributed in my own way in the first chapter.

I am particularly excited about the plan to support and expand the development of stateless apps and I feel grants will go a long way in attracting builders and more contributors.

All in all, I am looking forward to how things unfold.