I have a proposal for FORTH token.
To start off, I was never really a fan of the FORTH token. I liked that AMPL was this very simple unique crypto asset that scaled brilliantly and could potentially be the first true decentralized unit of account. I liked the simplicity of it being one token and no other complications. You didn’t need to stake or do anything. It just did what it was designed to do.
Anyways here we are and we have FORTH token. I don’t really see purpose of its use as a governance token. Anyone who actually thinks they have actual ability to meaningfully amend the protocol without team backing is naive. Also governance tokens or so boring. We can do better then that. Especially with the giga brain and creativity of evan and brandon.
Anyways, I propose we turn FORTH into the Revenue/Governance token of an actual product. People want to actually go and do something with there assets, not just sit in a wallet. I would like to see a lending platform or an AMM or something cool unique with FORTH. Perhaps even a derivative yield product like PENDLE. We should create an app.ampleforth.org which leads to a financial product page where we can do everything. One stop shop for ampleforth ecosystem. AND GUESS WHAT everything will be denominated in??? YOU GUESSED IT… AMPL
Now we have the first real mega use case that folks can use there AMPL daily. You can create your own lending and derivatives markets without being held hostage from lack of effort from other teams and now we actually build the future of France together as fricken chads.
Now with this I can see an actual meaning of the FORTH token. And i think we end up creating the most bad ass ecosystem ever. Lets go!
what do we think guys?