Polis Project Weekly Updates 07/01 to 07/14
As we wrote in our last weekly, we have found ourselves in a difficult situation since we migrated POLIS to the Binance Smart Chain.
We have good products, but they are not currently being used by the community, which in turn makes it difficult to inspire people for Polis and the products and to find new investors.
For this reason, an extraordinary meeting was held on June 24th 2021, with the participation of the Polis founders and the members of the DAO. The meeting focused on the future of Polis and the Polis Protocol.
Several ideas and proposals were put forward to improve the situation for the project and its investors. We are not yet able to communicate any details, but we can say that several suggestions were made and we are currently in the process of evaluating them and checking their feasibility.
Meanwhile, the development of our products continues and the technical team continues to work on making the products and services more attractive and fulfilling the points in the roadmap.
Index Funds and Vaults.
The DAO team has decided to put the DAO funds in to our Vaults. The DAO wants to support the products and the community with this step.
As you may know our Vaults are taking a fraction of the fees to create an insurance fund for the invested assets which is still a unique thing out there in this DeFi landscape. Another part of the profits is going to buy back POLIS from the market to burn them. This will put a constant buy pressure on the POLIS token and help to stabilize the price.
In the next few weeks we will release a BETA version of the Index Funds, the team is still working on the front end and also the Polis Maxi Vault is getting in shape to get released as a BETA version.
There are some tiny issues we are working on with the voting power of your Polis. When you use the Polis Maxi Vault your voting power will be delegated to the creator of the Vault but we are looking in to solutions how we can handle this in future.
If you want to support Polis by using our Vaults you can find them here:
Binance Smart Chain Vaults
The Kindynos team has made it possible for you to store Binance Smart Chain tokens (BNB, BUSD, CAKE, POLIS) in the PolisPay app and made it possible to purchase gift cards with them.
A part of the fee for the gift card purchases in BNB, BUSD and CAKE will be swapped to POLIS and be burned. This will increase the buy pressure of the POLIS token and help to stabilize the price. This burning feature will start rolling out in the upcoming weeks and the Kindynos team will keep the community updated on the amount of burned assets.
We want to encourage all of you to test this new feature, to make some screenshots and to make some noise on social media about it that we get some attention. Thank you in advance.
Community Management and Outreach.
We have been receiving many questions and comments directed to our managers!
It has been exciting to see the participation from our community, that is why we want to provide a way for you to access them directly and specifically, depending the department you wish to approach.
DAO Technology Manager.
Luis Correa — [email protected]
DAO Marketing Manager.
Maria Sidorova — [email protected]
DAO Adoption Manager.
Hans Looman— [email protected]
DAO Community Manager.
Marc Rapf — [email protected]
DAO Business Manager.
Andreas Meyer — [email protected]
From everyone in our team we would like to sincerely thank you for your constant support.
If you have any questions, don’t hesitate to ask.